Ardmore linked to MR sale and leaseback deal

Low-profile Singapore-based leasing company said to be behind two ship transaction. Ardmore Shipping is reported to have sold two of its older MR tankers in sale-and-leaseback deals, according to shipbrokers. The Cork-based shipowner is said to have offloaded the 47,472-dwt sisterships Ardmore Sealeader and Ardmore Sealifter (both built 2008). Singapore-based Japanese leasing company Spring Liner […]

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Singapore bunker sales hit six-month high

Shipowners said to be buying larger parcel sizes due to introduction of mass flow meters. Singapore saw bunker sales jump to a six-month high last month, despite concerns over the introduction of mass flow meters (MFM). Total bunker sales surged 6.8% year-on-year to 4.4mt. Year-on-year growth for the year-to-date has averaged 3%. The increase in […]

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