From the very large crude carriers, charterers are shifting to smaller Aframax and Suezmax ships, which offer lower insurance ...

Classification society Lloyd's Register (LR) has announced the successful delivery of Brands Hatch, which is claimed to be the world's first newbuild Aframax tanker equipped with wind-assisted ...

Performance Shipping has signed a memorandum of agreement to sell its oldest vessel, the 2010-built Aframax tanker vessel, M/T P. Aliki, to Trafigura Maritime Logistics for $42.65 ...

Performance Shipping (PSHG) has entered into a sale and leaseback agreement with an unaffiliated third party for a previously announced newbuild LR2 Aframax tanker vessel. As announced on December 20, ...

NEW YORK--(BUSINESS WIRE)--May 14, 2003--PDV Marina, S.A. (PDVM), the marine transportation subsidiary of Petroleos de Venezuela, S.A. (PDVSA), the Venezuelan state oil company, and Overseas ...

Sumitomo Heavy Industries Marine & Engineering (SHI-ME) selected SENSFIB Structural Health Monitoring for the third in a series of 115,000 DWT AFRAMAX crude oil tanker newbuilds for Greek ship ...

ATHENS, Greece, July 17, 2023 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq:CISS) (the “Company”) announced today that it has entered into an agreement to acquire for $43 million the M/T Stealth Berana, an ...

GLYFADA, Greece, Aug. 22, 2022 (GLOBE NEWSWIRE) -- United Maritime Corporation (the “Company” or “United”) (NASDAQ: USEA), announced today the delivery of the previously-announced Aframax vessel ...

Athens-based shipowner Performance Shipping said it reached a deal to purchase the Kalamas, a 105,400 dwt Aframax tanker built in 2011 by Sumitomo Heavy Industries Marine & Engineering Co. Ltd, Japan, ...

MOSCOW, Nov 11 (Reuters) - Freight rates for Aframax tankers on Black Sea-Mediterranean and cross Mediterranean routes almost doubled on Friday to their highest since July, driven by demand for ...