The Company acquired the M/T P. Yanbu in the fourth quarter of 2020 for US$22 million. This sale is expected to generate a gain of approximately US$21.5 million in the first quarter of 2025, excluding ...

A tanker carrying Russian crude for state-run Indian Oil Corp (IOC) has reportedly been denied entry to India. Reuters, ...

China Merchants Energy Shipping (CMES) reported its operating income for its 2024 financial year as slightly down by 0.32% to ...

Performance Shipping (PSHG) has signed a Memorandum of Agreement to sell the 2011-built, 105,400 dwt Aframax tanker vessel, M/T P. Yanbu, to an ...

Ionic Tankers has adopted an innovative & revolutionary Azra Tech hull coating solution for their tanker IONIC ANAX, as part ...

The system is applicable to all kinds of ship at any size, but the investigation was conducted on a model Aframax oil carrier The system consists of: 1] To provide a water inlet at Ship's Bow End ...

Aframax and Suezmax vessels have become more active on the sensitive route, ship-tracking data shows. Eight such tankers received Iranian crude from supertankers via ship-to-ship transfers in ...

The transportation of Iranian oil to China is increasingly relying on smaller, more agile tankers, as US sanctions continue to put pressure on the illicit trade, Bloomberg News reported on Tuesday.

Following this vessel sale and the delivery of our three newbuild LR2 Aframax tankers, as of January 2026, our fleetwide average age will improve considerably, decreasing from 14 to 10 years.

Performance Shipping, a global shipping company specializing in the ownership of tanker vessels, announced that, through a separate wholly-owned subsidiary, it has signed a Memorandum of Agreement to ...