Search results for: Saga Tankers

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  • 7 November 2018
    Business & Finance

    Norwegian shipping company Saga Tankers to pursue attractive investment opportunities.

  • 6 August 2012
    Business & Finance

    The charterer of the vessel MT Saga Agnes redelivered the vessel from its contract to the Company on 27 July 2012. As per the contract, the Company paid for the remaining bunkers onboard the vessel at the time of redelivery, approx. USD 1.4 million. On July 31, 2012, Saga Tankers ASA has completed the sale […]

  • 30 August 2017
    Business & Finance

    Norway-based shipping company Saga Tankers recorded a net income of NOK 41.4 million (USD 5.3 million) in the first half of this year, down from a net income of NOK 116.1 million (USD 15 million) posted in the same period a year earlier. EBITDA for the first half dropped to NOK 42.4 million from NOK […]

  • 17 June 2015
    Exploration & Production

    Saga Tankers has launched a mandatory takeover offer for the Oslo-listed Standard Drilling, a former drilling contractor, now an investment firm. The company owns 59.93 per cent of the total issued and outstanding shares of Standard Drilling, and is now looking to acquire the remaining shares. Saga Tankers is offering NOK 1.35 per share in cash. The offer price […]

  • 9 July 2015

    Saga Tankers’ potential acquisition of the Oslo-listed Standard Drilling has hit a stalemate. Namely, in a statement issued today, the board of directors of the target company said the takeover offer of NOK 1.35 per share, launched in June, is not good enough. The offer values Standard Drilling at a market capitalization of NOK 353,700,000 ($45.77 […]

  • 19 January 2017
    Business & Finance

    S.D. Standard Drilling has made plans to buy three large Norwegian-built platform supply vessels (PSVs) on a wholly owned basis, increasing its fleet to 10 PSVs.  The company informed on Thursday that, through wholly owned subsidiaries, it has agreed to acquire the three ST-216L CD PSVs Volstad Viking, Volstad Supplier and Volstad Princess from Volstad Shipping. […]

  • 20 June 2012
    Business & Finance

    Statoil Petroleum AS (Statoil) has received consent to use Navion Europa Floating Storage & Offloading Unit as a replacement for Navion Saga on the Volve field while Navion Saga undergoes main classification along shore. The Volve oil field was developed using a jack-up process and drilling facility – Mærsk Inspirer – and a ship – […]

  • 4 November 2019
    Business & Finance

    Hunter Laga was subsequently delivered to and bareboat chartered back from Ship Finance International.

  • 21 October 2019
    Business & Finance

    Hunter Saga, the second of seven identical ECO design VLCC units, was handed over on October 19.

  • 17 June 2019
    Business & Finance

    With the completion of gas trials, the company’s 45,000 m3 LNG carrier Saga Dawn is now ready for service.

  • 18 May 2012
    Business & Finance

    Optimarin has signed a major fleet-wide ballast water treatment contract with Saga Shipholding (Norway) AS (SSH), the open-hatch carrier subsidiary of Nippon Yusen Kaisha (NYK), the world’s largest shipping company and owner of some 850 vessels operating within the car carriers, bulk, tanker (petroleum, chemical, LPG and LNG) and cruise sectors. The retrofit contract, exceeding […]

  • 19 June 2020
    Business & Finance

    Hunter Tankers AS, a wholly-owned subsidiary of Norwegian Hunter Group ASA, has received binding commitments for a $ 157.5 million loan facility from a syndicate of banks consisting of Danske Bank, DNB, Nordea, and SEB. The proceeds from the facility, along with available cash at hand, will be used to refinance Hunter Atla, Hunter Saga […]

  • 25 January 2017
    Business & Finance

    S.D. Standard Drilling has secured 15.6% ownership in New World Supply, a Cayman Island exempted company that, through its wholly owned subsidiaries, owns six platform supply vessels. The company recently increased its fleet to ten PSVs after buying three large Norwegian-built PSVs from Volstad Shipping. Standard Drilling said on Wednesday that the six new vessels are all […]

  • 6 August 2010

    INTERTANKO calls for the prosecution of the Somali pirates whose attack on the Norwegian 40,085 dwt chemical tanker Bow Saga in the Gulf of Aden Internationally Recognised Transit Corridor was frustrated by the Spanish frigate Victoria, where the pirates are now being detained.

  • 18 March 2020
    Business & Finance

    Hunter Tankers AS secures fixtures for three ships at an average daily rate of approximately USD 80,000.

  • 18 May 2012

    Optimarin has signed a major fleet-wide ballast water treatment contract with Saga Shipholding (Norway) AS (SSH), the open-hatch carrier subsidiary of Nippon Yusen Kaisha (NYK), the world’s largest shipping company and owner of some 850 vessels operating within the car carriers, bulk, tanker (petroleum, chemical, LPG and LNG) and cruise sectors. The retrofit contract, exceeding […]

  • 3 February 2019

      Qatar eyeing orders for 60 new LNG tankers South Korean shipyard are bracing for a jump in liquefied natural gas (LNG) shipbuilding contracts from Qatar. WoodMac: FLNG industry growth facing headwind Floating liquefied natural gas industry is expected to continue its growth in the future, however, it will be at a slower steadier pace of […]

  • 30 June 2015
    Business & Finance

    Owner of dry bulk carriers and tankers DryShips has wrapped up the sale of its six Aframax tankers to entities controlled by the company’s Chairman and Chief Executive Officer, George Economou. The tankers’ en-bloc sales price amounts to USD 291 million, DryShips said in an announcement. The sale, which was announced in March, relates to […]

  • 30 June 2015
    Business & Finance

    Owner of dry bulk carriers and tankers DryShips has wrapped up the sale of its six Aframax tankers to entities controlled by the company’s Chairman and Chief Executive Officer, George Economou. The tankers’ en-bloc sales price amounts to USD 291 million, DryShips said in an announcement. The sale, which was announced in March, relates to […]

  • 6 September 2019
    Business & Finance

    The VLCCs, with a price tag of USD 180 million, are scheduled for delivery to SFL within the next two months.

  • 24 April 2018
    Business & Finance, Rules & Regulation

    Pakistan’s shipbreaking yards are ready to reopen their doors to tankers, according to GMS.

  • 31 March 2015
    Business & Finance

    Owner and operator of ships DryShips Inc. has entered into firm sales agreements with entities controlled by the company’s Chairman and Chief Executive Officer, George Economou, to sell its four Suezmax tankers. The tanker fleet, comprised of Vilamoura, Lipari, Petalidi and Bordeira, is to be sold for an en-bloc sales price of USD 245 million. […]