Search results for: Aframax

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A list of search results

  • 3 April 2017
    Business & Finance

    Russia’s SCF Group (Sovcomflot) has signed an agreement with Shell Western LNG B.V. (Shell) for the supply of liquefied natural gas (LNG) to fuel the first Aframax crude oil tankers in the world to be powered by LNG. Under the deal, Shell will provide the LNG fuel for the new generation of SCF Group’s 114,000 deadweight […]

  • 13 April 2017
    Business & Finance

    The Russian state-owned shipping company Sovcomflot has chosen Winterthur Gas & Diesel’s (WinGD) low-speed dual-fuel engines with X-DF low-pressure gas admission to propel the first ever gas-fuelled Aframax crude oil tankers. Under a contract signed in March 2017, SCF Group’s series of four LNG-fuelled ships will be propelled by seven-cylinder, 62 cm bore type 7X62DF engines […]

  • 6 April 2018
    Business & Finance

    Sovcomflot has signed a new USD 252 million credit facility to finance a series of six Aframax tankers.

  • 27 December 2012

    Deputy Managing-Director of Iranian Sadra Shipbuilding Company Mehdi Seif announced on Monday, Dec 24th, that construction of the first home-made Aframax cargo ship is in its final stages and the giant vessel will be ready for delivery by March 20, 2013. In 2007 Venezuela placed an order for 4 Aframax tankers with the capacity of […]

  • 19 February 2019
    Business & Finance

    The Aframax is to be built by Sumitomo Heavy Industries Marine & Engineering.

  • 23 December 2015
    Business & Finance

    Indian fertiliser producer Chambal Fertilisers and Chemicals Limited is considering the sale of its shipping division, which has a fleet of five Aframax tankers. With this move the company expects to finance its ammonia-urea project in Rajasthan. Chambal entered the energy transportation sector in 2004 when it acquired India Steamship Company Limited, one of India’s oldest shipping companies. The company has a fleet capacity […]

  • 20 March 2017
    Project & Tenders, Vessels

    Hyundai Heavy Industries’ unit, Hyundai Samho Heavy Industries (HSHI), has been contracted to build the world’s first LNG-fueled aframax tankers for Russian shipper Sovcomflot.

  • 2 June 2017
    Business & Finance

    Athens-based shipping company Tsakos Energy Navigation (TEN) has taken delivery of the aframax tanker Oslo TS, the seventh in a series of nine tankers built for long-term employment to a European company. Featuring a 1B ice-class notation, the new ship commenced its long-term employment with possible gross revenues in excess of USD 110 million. The […]

  • 7 July 2016
    Business & Finance

    Japan’s Kawasaki Kisen Kaisha, Ltd. (“K” Line) and “K” Line Pte Ltd. (KLPL) have signed ship building contracts for three next generation Very Large Crude Carriers (VLCCs) and two Aframax tankers. Orders for two 311,360 dwt VLCCs were placed by “K” Line with Kawasaki Heavy Industries, Ltd. (KHI). The vessels, which will feature a length of 339.5 […]

  • 1 September 2014
    Business & Finance

    Last week saw a distinct lack of activity for Aframaxes in the Baltic Sea, ultimately ending with a sharp downturn in Baltic-UK Continent 100,000 mt rates, Platts reports. Platts says that the rates on the route plunged Worldscale 25 to be assessed at w65 Friday, which equates to USD 6.10/mt, the lowest level since an identical assessment on […]

  • 9 November 2016
    Business & Finance

    Mumbai-based Great Eastern Shipping Company (G E Shipping) has inked a contract to buy two Aframax crude carriers of about 105,000 dwt each.  The vessels are expected to join the company’s fleet by the fourth quarter of the 2017 fiscal year, G E Shipping said. The two tankers, the Phoenix Beacon and Phoenix Concord, were built […]

  • 14 May 2020
    Vessels

    Russia’s huge new shipbuilding complex Zvezda has launched its first vessel, an Aframax tanker named Vladimir Monomakh. The dual-fuel tanker, running on traditional fuel and liquified natural gas, is designed to carry oil in unrestricted navigation. The ice-class ICE-1A vessel features a length of 250 metres, width of 44 metres, deadweight 114 thousand tonnes, and […]

  • 19 February 2020
    Business & Finance

    Performance Shipping signs a memorandum of agreement (MoA) to purchase a 2007-built Aframax tanker.

  • 25 July 2012

    The first 250-meter-long tanker, out of four ordered by the Venezuela’s Oil Company, was launched on Monday evening at Sadra shipyard Bushehr yard, Iran. This Aframax tanker is the largest oil tanker manufactured in the Middle East region so far. With the astonishing efforts of all employees, the shipyard managed to complete the vessel within just […]

  • 14 July 2017
    Business & Finance

    Greece-based tanker management firm Pantheon Tankers Management has bought a second-hand Aframax tanker from Singaporean owner Phoenix Tankers. The transaction, dated July 13, shows the 2011-built Phoenix Advance being sold for USD 28 million, based on VesselValue’s data. The Aframax will join the company’s 20-strong tanker fleet. Pantheon has three more newbuilds on order, two 114,700 DWT […]

  • 25 July 2012

    The first 250-meter-long tanker, out of four ordered by the Venezuela’s Oil Company, was launched on Monday evening at SADRA shipyard Bushehr yard, Iran. This Aframax tanker is the largest oil tanker manufactured in the Middle East region so far. With the astonishing efforts of all employees, the shipyard managed to complete the vessel within just […]

  • 20 March 2017
    Business & Finance

    The Russian state-owned shipping company Sovcomflot has placed an order for the construction of four 114,000 dwt Ice-Class IA Aframax tankers at South Korean yard Hyundai Samho Heavy Industries (HSHI). Featuring 250 meters in length, 44 meters in width and 21 meters in height, the world’s first liquefied natural gas (LNG)-fueled Aframax tankers are scheduled to be delivered […]

  • 4 October 2018
    Vessels

    The Hague-based Shell bunkered Sovcomflot’s LNG-fueled newbuild Aframax tanker, the Gagarin Prospect at the Port of Rotterdam.

  • 21 June 2011
    Business & Finance

      Tsakos Energy Navigation Ltd. today announced the charter of the 105,000 dwt, DNA design Aframax tanker, Maria Princess to a major Chinese oil concern for a twelve month period. This charter comes in line with the Company’s pre-stated policy in exploring opportunities in the wider Chinese energy market. “The growth of oil consumption in […]

  • 22 November 2018
    Business & Finance

    Brightoil Petroleum has decided not to sell its fleet of fifteen vessels.

  • 6 June 2017
    Business & Finance

    Greek tanker owner Kyklades Maritime Corporation has ordered five 115, 000 dwt Aframax tankers at South Korean Sungdong Shipbuilding and Marine Engineering. The first two ships from the batch, priced at USD 44 million each, are slated for delivery in 2018 with the remaining three following suit in 2019, VesselsValue data shows. Under the terms of […]

  • 3 April 2017
    Project & Tenders, Vessels

    A unit of the Hague-based LNG giant Shell has signed a deal with Russia’ Sovcomflot to supply liquefied natural gas to the first Aframax crude oil tankers in the world to be powered by the chilled fuel. Under the deal, Shell Western LNG B.V. will refuel the vessels from a specialised LNG bunker vessel that […]