Advertise with us
DOWNUNDERVOICESAustralia · New Zealand · World
Back to World
World

19 August 2026

Sinokor’s $6bn tanker bet pays off spectacularly

Downunder Voices Newsroom

Source reporting: Splash247

FacebookEmail
Sinokor’s $6bn tanker bet pays off spectacularly

Few shipping bets have paid off as spectacularly as Sinokor Maritime’s extraordinary tanker buying campaign. The South Korean owner has dominated secondhand tanker acquisitions in 2026, buying 73 ships for $5. 925bn, according to VesselsValue. That is roughly equivalent to the combined spending of the next eight largest tanker buyers in the year to date and …

About this report

Downunder Voices provides an independently written summary and community perspective based on information published by the original source. The original publisher remains responsible for its reporting.

Join our community

Follow Downunder Voices

Join thousands of readers following news and community stories from Australia, New Zealand and the Pacific.

Follow on FacebookSubmit your story

More from World

View category
Transocean drillship wins new work offshore IndiaWorld

19 August 2026

Transocean drillship wins new work offshore India

New York-listed offshore driller Transocean has secured a contract for its ultra-deepwater drillship, Dhirubhai Deepwater KG2, for work offshore India. The contract was awarded by India’s state‐controlled Oil and Natural Gas Corporation (ONGC). This is the second ultra-deepwater drillship the company has hired. The unit will mobilise in the next three to four months. The …

Source: Splash247Original source

Read Next

View latest
TGS secures new Mediterranean streamer surveyTrade & Logistics

19 August 2026

TGS secures new Mediterranean streamer survey

Oslo-listed seismic specialist TGS has been awarded a streamer acquisition contract in the Mediterranean. A Ramform Titan-class vessel is scheduled to mobilise in the fourth quarter of 2026, and the survey is expected to last about 110 days. “We are very pleased to secure this contract award, which extends our streamer acquisition backlog well into …

Source: Splash247Original source
SLB to revive shut-in wells across Shell’s Brunei offshore fieldsTrade & Logistics

19 August 2026

SLB to revive shut-in wells across Shell’s Brunei offshore fields

Energy technology company SLB has been awarded a contract by Shell’s subsidiary, Brunei Shell Petroleum (BSP), to support production restoration from shut-in wells across multiple offshore fields. The contract scope spans subsurface evaluation, well candidate selection, engineering, and offshore execution. Project management, intervention services, monitoring, metering, and marine logistics are integrated within a single coordinated …

Source: Splash247Original source
Arabian Drilling expands GCC footprint with Oman rig dealTrade & Logistics

19 August 2026

Arabian Drilling expands GCC footprint with Oman rig deal

Arabian Drilling, Saudi Arabia’s largest drilling contractor by fleet size, has signed a contract with a new GCC client. This contract marks Arabian Drilling’s entry into a new GCC market, in line with the company’s long-term growth objectives. Which jackup rig will be used was not revealed. The company said it signed the contract with …

Source: Splash247Original source