tanker

Britain weighs response to Iran Gulf crisis with few good options

DUBAI/LONDON (July 22): Britain was weighing its next moves in the Gulf tanker crisis on Sunday, with few good options apparent as a recording emerged showing that the Iranian military defied a British warship when it boarded and seized a ship three days ago.

Prime Minister Theresa May’s office said she would chair a meeting of Britain’s COBR emergency response committee on Monday morning to discuss the crisis.

Vallianz says vessel collision has no material impact on group

SINGAPORE (Jan 15): Vallianz has released a statement regarding Sunday’s collision between a tanker and Star Centurion, a pipelaying vessel managed by its subsidiary, Vallianz Offshore Marine (VOM), in Indonesian waters.

The Hong Kong-flagged chemicals/product tanker, named the Antea, is owned by PT Pertamina Persero and operated by Bernhard Schulte Shipmanagement (Singapore).

Star Centurion, owned by Trevaskis Ltd, had been at anchor at the outer port limits of Singapore’s waters from Jan 8 until the incident took place on Jan 13 at about 6:16am.

Tide turning in favour of the region's shipping sector, says Deutsche

SINGAPORE (Apr 24): Deutsche Bank is turning positive on Asia Pacific’s shipping sector with the strongest preference for the container sub-segment, followed by tanker and dry bulk.

This comes on the belief that industry conditions have now fundamentally turned, with the peak in deliveries of mega vessels and the recent acceleration of industry consolidation in recent years, which in turn means operators have the potential to achieve stronger price discipline.

One-tanker Indonesian subsidiary does little for Ezion’s profits: OCBC

SINGAPORE (Sept 16): OCBC Investment Research is maintaining its “hold” call on Ezion Holdings with an unchanged target price of 30 cents, with the view that the group’s recent acquisition of an Indonesian shipping company has “little impact on earnings estimates for now”.

(See also: Inflexion point ahead for Ezion)

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