Search results for: Frontline

334 results

A list of search results

  • 14 August 2018
    Business & Finance, Project & Tenders

    A wealthy region of the Bay Area that is home to the world’s most profitable companies yet on the frontline of threatened sea level rise has been given reassurance by the Army Corps of Engineers and California’s senior senator that help is on the way. Ten years in the making, the South San Francisco Bay […]

  • 23 July 2018
    Rules & Regulation

     There were 983 ships with exhaust gas cleaning systems installed or on order as of May 31, 2018.

  • 13 July 2018
    Exploration & Production

    Ship Finance International has agreed to sell the 2007-built jack-up drilling rig Soehanah to an unrelated third party and three 2002-built VLCCs to ADS Crude Carriers Ltd.

  • 13 July 2018
    Business & Finance

    Ship Finance International Limited has inked a deal to sell three 2002-built VLCCs.

  • 4 January 2018
    Business & Finance

    CEO: MOL needs to drive new innovation as the tides of change are relentless.

  • 13 December 2017
    Business & Finance

    Offshore driller Seadrill Limited has appointed a new director of the company with immediate effect.

  • 22 November 2017
    Business & Finance

    New York State Department of Environmental Conservation (DEC) Commissioner Basil Seggos yesterday announced that the state will provide up to $50,000 for a U.S. Army Corps of Engineers study in the Sullivan County hamlet of Livingston Manor. Funds will be used to undertake the Livingston Manor Flood Control Feasibility Study, DEC said in its release. […]

  • 25 October 2017
    Exploration & Production

    Northern Drilling, a recently established offshore drilling company, has received an approval to begin trading in Oslo. At meeting on Tuesday, October 24 the Board of Oslo Børs resolved to admit the shares in Northern Drilling Ltd. to listing on Oslo Axess. Northern Drilling is an offshore drilling contractor formed by a Norwegian-born billionaire and […]

  • 18 October 2017
    Business & Finance

    Chinese New Times Shipbuilding has been tied to an order for up to four bulkers, according to the latest report from Intermodal Research and Valuations. The deal is said to be in a  letter of intent (LoI) stage. The order reportedly includes two firm 280,000 DWT ships and options for two more newbuildings. The duo, if confirmed, is […]

  • 31 August 2017
    Business & Finance

    John Fredriksen’s Ship Finance International took delivery of two 114,000 DWT LR2 newbuilding product tankers in August 2017. Both vessels, SFL Sabine and SFL Trinity, commenced their respective seven year time charters to Phillips 66 immediately upon delivery, with options for the charterer to extend the period up to 12 years. The duo was built by […]

  • 30 May 2017
    Business & Finance

    Bermuda-based shipowner Ship Finance International (SFL) continues with diversification and renewal of its fleet as it recently took delivery of the second 19,200 TEU boxship and sold two older oil tankers. In March, MSC Viviana was handed over to SFL and immediately commenced a 15-year bareboat charter to Mediterranean Shipping Company (MSC). The first 19,200 TEU vessel […]

  • 10 May 2017

    South Korean big three shipbuilders, Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) have so far this year made a major comeback as owners rushed to avail of attractive VLCC prices.  Namely, John Fredriksen-controlled tanker shipping company Frontline has allegedly ordered two VLCCs from HHI which are scheduled for delivery […]

  • 9 May 2017
    Business & Finance

    Bermuda-based tanker shipping company DHT Holdings posted a net income of USD 14.3 million in the first quarter of 2017, down from a net income of USD 31.5 million reported in the same period last year.  During the quarter, the company’s earnings were dented by an impairment charge of USD 7.5 million related to the […]

  • 2 May 2017
    Business & Finance, Operations & Maintenance, Research & Development, Technology

    Wave Energy Scotland (WES) has released the findings from its project with the European Marine Energy Centre (EMEC) that explored the wealth of knowledge and experience amassed in the Orkney supply chain from testing wave energy devices in real sea conditions.

  • 20 April 2017
    Business & Finance

    Marshall Islands-incorporated tanker owner and operator DHT Holdings said that its move to acquire very large crude carriers (VLCC) from LPG owner BW Group has nothing to do with Frontline’s failed attempts to acquire DHT. As disclosed, the fleet acquisition move is not targeted at “depriving Frontline of the ability to press its pending offer […]

  • 10 April 2017
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Cohort company SEA has been awarded a UK Ministry of Defence contract to upgrade the Ambient Noise Prediction System (ANPS) for the UK Royal Navy. The ANPS takes meteorological and oceanographic forecasts, together with oceanographic databases, and performs complex acoustic propagation calculations to produce regular forecasts of ambient noise conditions in the ocean. The results […]

  • 2 March 2017
    Business & Finance

    South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering has received a contract to build two liquefied natural gas (LNG) carriers for an undisclosed Marshall Islands-based shipowner. According to the company’s stock exchange filing, the order for the two 173,400 cbm LNG carriers is worth KRW 414.4 billion (USD 362.9 million). Under the deal, signed in late […]

  • 2 March 2017
    Project & Tenders, Vessels

    Daewoo Shipbuilding and Marine Engineering (DSME) of South Korea booked an order for two LNG carriers with an option for two additional vessels in the future.

  • 1 March 2017
    Business & Finance

    Crude oil tanker operator DHT Holdings has secured bank financing for the two 318,000 dwt VLCCs newbuildings ordered at South Korean shipbuilder Hyundai Heavy Industries (HHI).   The VLCCs were ordered in January 2017 and are to be delivered in July and September 2018, respectively. As disclosed, the financing will cover about 50% of the contract price with […]

  • 27 February 2017
    Business & Finance

    Japanese whale poachers have expanded their killing fields to twice as big as before, Sea Shepherd, marine conservation organization engaged in a whale defense campaign, revealed. As a result, Sea Shepherd’s patrol vessels “were searching for a handful of trucks in an area twice as big as Australia,” the organization said. On February 23, Sea […]

  • 3 February 2017

    The Hague-based LNG giant Shell said that its unit, Shell Australia named Zoe Yujnovich as a successor to Andrew Smith as chairman of the Shell companies in Australia from April 1, 2017.

  • 3 February 2017
    Business & Finance

    Oil giant Shell informed on Friday that Zoe Yujnovich will succeed Andrew Smith as chairman of the Shell companies in Australia from April 1, 2017. Smith will take up the position of Executive Vice President Trading & Supply from May this year. Thirty years after starting his career at Geelong Refinery, Smith will return to London […]

  • 31 January 2017
    Business & Finance

    Crude oil tanker company DHT Holdings placed an order for two very large crude carriers (VLCCs) with Korean shipbuilder Hyundai Heavy Industries earlier in January. Featuring 319,000 dwt, the new VLCCs are expected to join the company’s fleet in July and September 2018. DHT said that the newbuilding contracts will be financed with cash at hand and […]

  • 27 October 2016
    Business & Finance

    While tanker demand dictates trade volumes and tanker routes, the volatility of fleet growth on the supply side may have a pronounced impact on freight rates, according to the latest report from McQuilling Services. Ton-mile data for crude/dirty petroleum product tankers (DPP) and clean petroleum product tankers (CPP) shows relatively steady annual demand growth of 1-3% on […]

  • 24 October 2016
    Business & Finance

    Dr Steven Miles, the Minister for Environment and Heritage Protection and Minister for National Parks and the Great Barrier Reef, announced yesterday that the Palaszczuk Government will help Mackay Regional Council to solve the Midge Point erosion issues. Dr Miles made the commitment during yesterday’s inspection of the beach with Mackay Regional Council Mayor Greg Williamson and […]