Search results for: Frontline

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  • 30 September 2012
    Business & Finance

    Southampton’s frontline role in global trade was being underlined on Friday with the official launch of a £150m investment project at the port by Associated British Ports (ABP) who is the port owner and joint venture partner in DP World Southampton – the container terminal operator. The ceremonial lifting of the first paving slab signals […]

  • 18 September 2012
    Business & Finance

      Nordic American Tankers Ltd today announced that it will be acquiring the remaining interest in Orion Tanker Pool (“Orion”). NAT and Frontline Ltd. established Orion in the autumn of 2011. Since then, Orion has managed the chartering operations of the 20 NAT vessels and the nine Frontline suezmax vessels. Orion has arranged charters to […]

  • 3 September 2012

    Russian Navy’s Caspian Flotilla (CF) in the nearest time will radically change and reinforce its strength, said Russian Navy Commander-in-Chief Admiral Viktor Chirkov on Aug 29 during an inspection tour over Astrakhan region. That was the first inspection visit of Viktor Chirkov to Caspian Flotilla since his appointment. At the working meeting, governor of Astrakhan […]

  • 24 August 2012
    Business & Finance

    Ship Finance International Limited, today announced that it has agreed to sell the 21-year old combination carrier Front Climber to an unrelated third party and has simultaneously agreed to terminate the corresponding charter party with a subsidiary of Frontline Ltd.  Delivery to the new owner is expected to be in September 2012 and Ship Finance […]

  • 4 July 2012
    Business & Finance

    4 July 2012 marks Maersk Oil’s 40 years’ anniversary as oil producing company and the launch of a book charting the history of the company through anecdotes of current and former employees. All employees will receive a copy of the new book. In the book Maersk Oil – under the surface, 15 former and current […]

  • 26 June 2012
    Business & Finance

    4 July 2012 marks Maersk Oil’s 40 years anniversary as an oil producing company by the launch of a book charting the history of the company through anecdotes of current and former employees. Maersk Oil invites shareholders to celebrate the day at Esplanaden. In the book Maersk Oil – under the surface, 15 former and […]

  • 4 June 2012
    Business & Finance

    Ship Finance International Limited, today announced that it has agreed to sell the 20-year old combination carrier Front Rider to an unrelated third party and has simultaneously agreed to terminate the corresponding charter party with a subsidiary of Frontline Ltd. (“Frontline”). Delivery to the new owner is expected to be in July 2012 and Ship […]

  • 1 June 2012
    Business & Finance

    Today, Maersk Line announced that it will restructure its global HQ function (Centre). The new Centre organisation will be presented on 12 June and be initiated immediately thereafter. It is expected that a consequence of the new organisation is a reduction of the number of positions in Centre by approximately 400, hereof 250 in Copenhagen. […]

  • 28 May 2012

    His Excellency Jamal Majid Bin Thaniah, Vice Chairman, DP World, received at Jebel Ali Port, Major General Mohammed Ahmed Al Marri, Director of General Directorate of Residency and Foreigners Affairs – Dubai, and his accompanying delegation. During their talks, they explored ways of enhancing cooperation between the General Directorate and DP World, UAE Region. The […]

  • 16 May 2012

    Balenciaga Shipyard recently launched the third emergency response and rescue vessel, in a series of four D-Class vessels built for Craig Group, the Grampian Discovery. These new ERRVs are designated NSS-IMT 950s, designed by IMT of Montrose and are equipped with one fast rescue craft. The Grampian Discovery, has secured a contract with Shell to support […]

  • 16 May 2012

    A £35 million (approx USD 55.8 mln) investment by Craig Group in four new vessels has already secured major contracts for the Aberdeen global shipping and energy services company. The new-build D-Class Emergency Response and Rescue Vessels (ERRVs), which will be managed by Craig Group division North Star Shipping, will take to the waves throughout […]

  • 16 May 2012
    Business & Finance

    A £35 million investment by Craig Group in four new vessels has already secured major contracts for the Aberdeen global shipping and energy services company. The new-build D-Class Emergency Response and Rescue Vessels (ERRVs), which will be managed by Craig Group division North Star Shipping, will take to the waves throughout the year on charter […]

  • 16 May 2012
    Business & Finance

    A £35 million investment by Craig Group in four new vessels has already secured major contracts for the Aberdeen global shipping and energy services company. The new-build D-Class Emergency Response and Rescue Vessels (ERRVs), which will be managed by Craig Group division North Star Shipping, will take to the waves throughout the year on charter […]

  • 16 May 2012
    Business & Finance

    Balenciaga Shipyard recently launched the third emergency response and rescue vessel, in a series of four D-Class vessels built for Craig Group, the Grampian Discovery. These new ERRVs are designated NSS-IMT 950s, designed by IMT of Montrose and are equipped with one fast rescue craft. The Grampian Discovery, has secured a contract with Shell to support […]

  • 2 May 2012
    Business & Finance

    Maersk Line Ltd announced that Gordan Van Hook, MLL’s Senior Director of Innovation and Concept Development, has been selected to serve on the board of directors the United States Naval Institute. The USNI describes itself as “an independent forum for those who dare to read, think, speak, and write in order to advance the professional, […]

  • 30 March 2012

    On March 21, Yu Chongde, deputy General Manager of China Guodian Corporation, and his entourage came to inspect Longyuan Rudong Offshore Wind Farm. Fei Zhi, deputy General Manager of China Longyuan Power, accompanied him during the inspection. Taking a special sea vehicle, Yu Chongde arrived at wind turbine site and made a field inspection of […]

  • 12 March 2012

      Illinois was welcomed into the coastal management system at last week’s ceremony, making the state eligible for approximately $2 million in annual grants to help manage its Great Lakes resources. The creation of the Illinois Coastal Management Program comes at the 40th anniversary of the passage of the Coastal Zone Management Act by Congress […]

  • 14 February 2012
    Business & Finance

      The U.S. Coast Guard took delivery of its first fast response cutter, the Bernard C. Webber, Friday in Miami.Webber is the first of 58 planned Sentinel Class patrol boats replacing the Coast Guard’s venerable but aging Island Class patrol boat fleet.  “Consistent with the Sentinel Class name, the cutter Webber will guard our coasts […]

  • 13 February 2012

    The U.S. Coast Guard took delivery of its first fast response cutter, the Bernard C. Webber, on Friday in Miami. Webber, built by Bollinger Shipyards Inc , is the first of 58 planned Sentinel Class patrol boats replacing the Coast Guard’s venerable but aging Island Class patrol boat fleet. “Consistent with the Sentinel Class name, the […]

  • 6 February 2012
    Business & Finance

    Aden Container Terminal (ACT), operated by global marine terminal operator DP World, has received and serviced the 8,441 TEU (twenty-foot equivalent unit) MSC Tomoko, the largest container vessel ever to call at the facility, located in Yemen’s premier port city. DP World Aden management mobilised a meticulous plan to welcome the Mediterranean Shipping Company’s 332-metre […]

  • 6 February 2012

    Aden Container Terminal (ACT), operated by global marine terminal operator DP World, has received and serviced the 8,441 TEU (twenty-foot equivalent unit) MSC Tomoko, the largest container vessel ever to call at the facility, located in Yemen’s premier port city. DP World Aden management mobilised a meticulous plan to welcome the Mediterranean Shipping Company’s 332-metre […]

  • 31 January 2012
    Business & Finance

    Senior Vice President Lars Reno Jakobsen has been appointed as promoter and coordinator of the A.P. Moller – Maersk Group’s business expansion on the African continent with particular focus on the Sub-Sahara. The position is new and part of the Group’s efforts to expand business in growth markets in Africa. Lars Reno Jakobsen will take […]

  • 26 January 2012
    Business & Finance

    Ms Hanne B. Sørensen has been appointed new CEO of Maersk Tankers with effect from 13 February 2012. Hanne B. Sørensen has until now held the position as Chief Commercial Officer (CCO) of Maersk Line and replaces Søren Skou, who recently assumed the position as Maersk Line CEO. “Hanne B. Sørensen comes with experience and […]

  • 10 January 2012
    Business & Finance

      Knightsbridge Tankers Limited has amended the time charter with Frontline Ltd​. for the VLCC Hampstead. The time charter hire has been reduced from $37,750 per day to $27,050 per day for the remaining period of the charter commencing January 1, 2012. The expected redelivery date is April 22, 2012. The Company will be compensated […]

  • 4 January 2012
    Business & Finance

    DHT Holdings, Inc. today announced that it has amended the time charter with Frontline for the VLCC DHT Eagle, whereas the charter hire shall be paid at $26,000 per day monthly in advance for the remaining period of the charter commencing January 1, 2012. The difference between the original charter hire and the amendment, being $6,500 […]