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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Alibra: Tanker scrapping taking off

Brokerage says 2017 running demolition total is already past 2016 level.  Greek owners have helped drive an upturn in tanker scrapping this year with more tankers sent to the breakers during 2017 to date than during the whole of 2016, Alibra Shipping says. The brokerage counts 49 tankers scrapped so far this year following John […]

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CLC falls further as it eyes tanker buy

Newly listed Philippines owner reveals more of its acquisition plans post-IPO. The share price of newly listed Philippines shipowner Chelsea Logistics Corp (CLC) has fallen on its second day of trading as executives revealed more of their acquisition plans. The stock was down 4.92% at PHP 10.04 on Wednesday, against the IPO price of PHP […]

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