Search results for: Suezmax

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  • 27 July 2015
    Business & Finance

    Nordic American Tankers Limited (NAT) said that it has agreed to acquire two Far East built Suezmax tankers at an average age of five years for a total of USD 122 million. The vessels are expected to be delivered in September and October 2015, respectively. The company said that it does not plan to issue equity […]

  • 27 July 2015
    Business & Finance

    Nordic American Tankers Limited (NAT) said that it has agreed to acquire two Far East built Suezmax tankers at an average age of five years for a total of USD 122 million. The vessels are expected to be delivered in September and October 2015, respectively. The company said that it does not plan to issue equity […]

  • 9 May 2017
    Business & Finance

    Belgian tanker owner and operator Euronav has placed an order for two high specification Ice Class Suezmax vessels with Hyundai Heavy Industries (HHI) shipyard in South Korea.  The company said that the order has been prompted by the signing of an additional two long-term time charter contracts of seven years each with Valero Energy Inc. for two […]

  • 15 April 2020
    Vessels

    Belgian tanker shipping company Euronav has sold the eldest vessel in its fleet, the 2001-built Suezmax Cap Diamant for USD 20.8 million. The tanker owner and operator said that the capital gain on the sale of approximately USD 13 million will be recorded during the current quarter. The vessel has been delivered to its new owners. […]

  • 21 August 2015
    Business & Finance

    Oslo-listed tanker owner and operator Tanker Investments Ltd. has completed the acquisition and taken delivery of all six of the Suezmax tankers it agreed to acquire in late-2014. The deliveries of the six second-hand Suezmax tankers purchased in December 2014 were postponed for early third quarter of 2015 instead of the first half of the […]

  • 21 August 2015
    Business & Finance

    Oslo-listed tanker owner and operator Tanker Investments Ltd. has completed the acquisition and taken delivery of all six of the Suezmax tankers it agreed to acquire in late-2014. The deliveries of the six second-hand Suezmax tankers purchased in December 2014 were postponed for early third quarter of 2015 instead of the first half of the […]

  • 13 October 2014
    Business & Finance

    Several tanker owners have recently placed orders for Suezmax tankers and market pundits have discussed the merits or, in some cases, the potential pitfalls of the renewed interest in this segment of the tanker market, says Poten & Partners in its latest Tanker Opinions. Poten claims that the last time the Suezmax sector experienced a significant number […]

  • 22 June 2010

    The newly established Principal Maritime Management, owned by Veritable Maritime Holdings, joins the Stena Sonangol Suezmax pool with its fleet of seven modern Suezmax Tankers. The Suezmax vessels joining the pool in succession will be Princimar Truth (built in 2007), Princimar Faith (built in 2005), Princimar Joy (built in 2010), Princimar Strength (built in 2010), […]

  • 9 February 2012
    Business & Finance

    Teekay Corporation and Konig & Cie announces that Diamond S Shipping Group has joined the Gemini Tankers Suezmax Pool as a full member. The Gemini fleet currently has 17 modern Suezmax vessels. This is expected to grow to 26 vessels by the end of 2012 as vessels redeliver from time-charters and Diamond S’ eight additional […]

  • 1 September 2011

    Today Mrs Rosa Jose Marie Sumbe, wife of Mr. Baptista Sumbe, Executive Chairman of Sonangol Holdings Ltd, named Stena Bulk’s first ultra modern, low consumption and partly in-house designed, Suezmax tanker Stena Superior at a ceremony at Samsung HI, Geoje, Korea. The Stena Superior is the first Suezmax tanker in the series of seven vessels […]

  • 25 May 2018
    Business & Finance

    Concordia Maritime bolsters presence in the Suezmax sector with joint charters.

  • 13 July 2015
    Business & Finance

    Oslo-listed Tanker Investments Ltd said that the deliveries of the six second-hand Suezmax tankers purchased in December 2014 have been pushed back for early third quarter of 2015 instead of the first half of the year. The fleet consists of four, 2009-built and two, 2010-built Suezmaxes constructed by Rongsheng Heavy Industries Group Ltd. acquired for […]

  • 13 July 2015
    Business & Finance

    Oslo-listed Tanker Investments Ltd said that the deliveries of the six second-hand Suezmax tankers purchased in December 2014 have been pushed back for early third quarter of 2015 instead of the first half of the year. The fleet consists of four, 2009-built and two, 2010-built Suezmaxes constructed by Rongsheng Heavy Industries Group Ltd. acquired for […]

  • 1 September 2011
    Business & Finance

    Today Mrs Rosa Jose Marie Sumbe, wife of Mr. Baptista Sumbe, Executive Chairman of Sonangol Holdings Ltd, named Stena Bulk’s first ultra modern, low consumption and partly in-house designed, Suezmax tanker Stena Superior at a ceremony at Samsung HI, Geoje, Korea. The Stena Superior is the first Suezmax tanker in the series of seven vessels […]

  • 26 August 2016
    Business & Finance

    Bermuda-based shipping company Teekay Corporation welcomed another Suezmax tanker, the London Spirit, to its fleet on August 9, 2016. Teekay said it took over the technical management of the London Spirit at the Gibraltar Anchorage and the vessel will be added to “Centaurus” team. The 158,650 dwt vessel is part of the acquisition of 12 Suezmax tankers […]

  • 11 June 2018
    Business & Finance

    Tanker owner Euronav has sold its 1998-built Suezmax tanker, Cap Jean, for USD 10.6 million.

  • 20 November 2014
    Business & Finance

    The recent drop in the oil price is positive for world tanker business, Herbjørn Hansson, Chairman & CEO of Nordic American Tankers Limited (NAT) said in a letter to the company’s shareholders. According to Hansson, the Suezmax tanker market is strong at the moment and the upswing in Suezmax tanker rates in the recent past may […]

  • 13 September 2019
    Business & Finance

    The option for the first option Suezmaxes was extended to September 18.

  • 19 June 2017
    Business & Finance

    Malaysia International Shipping Corporation (MISC) has placed an order for two Suezmax shuttle tankers at South Korea’s shipbuilder Samsung, according to data provided by VesselsValue. Under the agreement, reportedly signed between the parties on June 15, Samsung is scheduled to deliver the two tankers, which feature 125,000 dwt, to their owner in 2019. MISC is paying a […]

  • 5 August 2015
    Business & Finance

    Teekay Tankers Ltd. has agreed to acquire a fleet of 12 Suezmax tankers currently owned by Principal Maritime Tankers for an aggregate purchase price of USD 662 million. With an average age of only 5.5 years, the 12 Suezmaxes to be acquired will reduce the average age of Teekay Tankers’ fleet by 1.2 years. Once delivered, […]

  • 31 October 2011
    Business & Finance

      Frontline Ltd. has entered into an agreement to sell its 1996-built Suezmax tanker Front Hunter to VTN Shipping Group, a related party. The vessel will cease to trade in the spot tanker market, and delivery is expected to take place in November 2011. The sale will result in a net cash outflow of approximately […]

  • 22 August 2017
    Business & Finance

    The Suezmax fleet witnessed a net fleet growth of 9.6% in the 12 months from August 2016, putting more pressure on spot rates, according to Poten & Partners. During the period the Suezmax fleet increased by 43 tankers, reaching a total of 492 on August 1, 2017, compared to 449 units reported a year earlier. The delivery of 50 […]