Search results for: Team Tankers International

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  • 10 May 2017
    Business & Finance

    Bermuda-based chemical tanker owner and operator Team Tankers International has managed to shrink its net loss to USD 6.6 million in the first quarter of 2017, compared with a net loss of USD 8.9 million seen in the quarter ended December 31, 2016. Team Tankers said that its EBITDA for the three-month period ended March 31, […]

  • 1 March 2017
    Business & Finance

    Due to a decline in charter rates and difficult market environment, Bermuda-based chemical tanker owner and operator Team Tankers International suffered a major drop in its full-year net results. Team Tankers saw a net loss of USD 13.1 million in 2016, compared to a profit of USD 455.4 million posted in 2015. During the fourth quarter […]

  • 28 February 2018
    Business & Finance

    Team Tankers inks deal to acquire all outstanding shares in Laurin Shipping and Anglo-Atlantic Steamship Company.

  • 18 March 2016
    Business & Finance

    Bermuda-headquartered chemical tanker owner and operator Team Tankers International has seen a major return to the black during 2015 as the company reported its net profit at USD 455.4 million, compared with a net loss of USD 188.6 million in 2014. Due to a flourishing tanker market over the year, Team Tankers said it experienced increased activity and […]

  • 26 February 2016
    Business & Finance

    Tanker owner Team Tankers International Ltd. has engaged in considerable reshuffling of its fleet with a dozen of vessel transactions carried out since November. The most recent ones saw Team Tankers sell the 20,000 dwt stainless steel ship the North Fighter, and agreeing to sell two 3,500 dwt stainless steel ships, the Sichem Colibri and […]

  • 5 April 2018
    Business & Finance

    Team Tankers International finalized the acquisition of Laurin Shipping AB and Anglo-Atlantic Steamship Company.

  • 14 August 2019
    Business & Finance

    The company agreed to sell Sichem Paris, Tambourin and Team Tarantella for a total of USD 24.9 million.

  • 22 February 2018
    Business & Finance

    Due to increase in piracy incidents, Team Tankers International adopts additional “ship-hardening” measures.

  • 15 November 2017
    Business & Finance

    Tanker owner Team Tankers International saw its net loss for the third quarter of 2017 widen significantly, mainly due to vessel impairment charges as chemical tanker sector remained challenging. Net loss in the third quarter ended September 30 was USD 36.3 million, or USD 7.5 million excluding a USD 28.8 million vessel impairment charge recognized in […]

  • 12 May 2016
    Business & Finance

    Bermuda-headquartered chemical tanker owner and operator Team Tankers International has reshuffled its fleet during the first quarter of 2016 as it took delivery of seven vessels and disposed of four ships. The company strengthened its fleet of regional coated ships through acquisitions of three 13,000 dwt coated ships, the Team Houston, the Team Oslo and the Sichem Mumbai, a […]

  • 15 November 2019
    Business & Finance

    Team Tankers is selling another two older vessels, pursuing its strategy aimed at younger ocean-going units.

  • 11 November 2016
    Business & Finance

    Due to the weaker rates seen in the third quarter of 2016, Bermuda-based chemical tanker owner and operator Team Tankers International Ltd. reported a net loss of USD 4.2 million, compared with a net profit of USD 7.4 million in the same quarter a year earlier. Net loss in the quarter was mainly attributed to […]

  • 18 August 2017
    Business & Finance

    Bermuda-based tanker operator Team Tankers International has finalized the sale of two of its vessels and chartered one to replace the capacity. During the second quarter of 2017, the company agreed to sell the 8,674 dwt Tour Margaux, part stainless and part epoxy coated ship. The transaction closed and the 1993-built ship was delivered to the […]

  • 20 October 2015
    Business & Finance

    Bermuda-headquartered chemical tanker owner and operator Team Tankers International has increased its existing USD 100 million loan facility by additional USD 50 million. ABN AMRO has joined the facility as the lender of the additional funds, with the remaining USD 100 million provided by  SEB and NIBC Bank. “We are delighted to establish a relationship with […]

  • 8 April 2015
    Business & Finance

    Team Tankers International, a company established by Eitzen Chemical within its restructuring process, has entered into an agreement to name Morten Arntzen as chairman of the company. The agreement is subject to Mr. Arntzen being voted onto the Board of Directors by a special general meeting, which is to take place in the company’s office […]

  • 20 February 2015
    Business & Finance

    Eitzen Chemical ASA sent out a letter to its shareholders with a recommendation from the Board to accept the exchange offer from Team Tankers International (TTI) for the company’s move to Bermuda. Team Tankers International  is a company established by Eitzen Chemical with the sole purpose to move its operations to Bermuda. “This is desirable as […]

  • 20 October 2015
    Business & Finance

    Bermuda-headquartered chemical tanker owner and operator Team Tankers International has increased its existing USD 100 million loan facility by additional USD 50 million. ABN AMRO has joined the facility as the lender of the additional funds, with the remaining USD 100 million provided by  SEB and NIBC Bank. “We are delighted to establish a relationship with […]

  • 19 January 2017
    Business & Finance

    UK-based maritime services provider Inchcape Shipping Services (ISS) has signed a new port agency contract with Bermuda-based chemical tanker owner and operator Team Tankers International for the US East Coast and Caribbean region. The contract is the ISS’ first in the Americas, according to the company. “The chemical tanker specialist has called on ISS to […]

  • 26 February 2015
    Business & Finance

    The Board of Directors of Oslo Børs has decided to admit shares in Team Tankers International Ltd to list on the stock exchange. Team Tankers, a company established by Eitzen Chemical, with the sole purpose of moving its operations to Bermuda,  applied for listing of its shares on Oslo Børs, alternatively Oslo Axess, in January. Oslo Børs […]

  • 17 March 2020
    Business & Finance

    Team Tankers enters into commercial management deals with Maersk Tankers, V.Group.

  • 17 August 2018
    Business & Finance

    After posting financial losses, Team Tankers returned to profitability in Q2 2018.

  • 18 August 2016
    Business & Finance

    Bermuda-based chemical tanker owner and operator Team Tankers International has fully executed its previously announced exit from the deep sea stainless steel vessel class during the second quarter of 2016. Namely, during the quarter, the company completed the sale of the Sichem Contester, a 19,822 dwt stainless steel ship and agreed to sell the Sichem Edinburgh, a 13,153 dwt […]