The same cast of characters has been in tanker circles for years. If their company goes bust, they pop up somewhere else. Sometimes they fight with each other. Sometimes they cooperate. Occasionally, they sell their entire fleets to one another (and re-emerge after their non-competes expire). One such rare fleet deal was announced Wednesday morning: …

The post Another shipping stock bites the dust as big tanker fleets merge first appeared on Hellenic Shipping News Worldwide.