Search results for: VLCC

2315 results

A list of search results

  • 20 May 2016
    Business & Finance

    China VLCC, a joint venture company between China Merchants Energy Shipping (CMES) and Sinotrans&CSC, has signed contracts to sell two second-hand very large crude carriers (VLCCs). The VLCCs are 6 and 7 years old, featuring 297,600 tons in DWT dwt and they will be sold for USD 117.5 million. The undisclosed purchaser is said to be registered […]

  • 10 February 2015
    Business & Finance

    China Merchants Energy Shipping (CMES) has though its subsidiary, China VLCC, chartered out two Very Large Crude Carriers (VLCC) to oil giants BP and Shell. Under the chartering deal, China VLCC has secured two two-year charters for its VLCCs with each oil major. The contract is valued at RMB 360 m (approximately USD 57-6 million), […]

  • 19 May 2020
    Vessels

    China Merchants Energy Shipping (CMES) has placed an order for the construction of two 307,000 dwt very large crude carriers (VLCCs) with compatriot Dalian Shipbuilding Industry (DSIC). Chine Merchants claims to be the world’s largest VLCC and VLOC owner. The order comes in the wake of the contract CMES inked with China Shipbuilding Group for […]

  • 11 October 2018
    Infrastructure

    A Malaysian FPSO player has reportedly acquired a Very Large Crude Carrier from Ship Finance International.

  • 2 September 2016

    The VLCC Berth 1 at the Port of Fujairah, UAE, has commenced operation on August 24, 2016, following the completion of its construction in June this year.  First vessel was already accepted for cargo discharge and the second vessel for loading is scheduled to arrive at the port on September 5, 2016, Wilhelmsen Ships Service […]

  • 13 January 2017
    Business & Finance

    Hong Kong-based Agritrade Resources Limited has finalized the purchase of a very large crude carrier (VLCC) from Marshall Islands-based shipping company Chris Tanker Corporation. Featuring a capacity of 309,300 dwt, the VLCC, which is classified by Lloyd’s Register, was constructed in December 2001. The VLCC is scheduled to join its new owner in January 2017. The company said […]

  • 7 October 2019

    This is the third VLCC Kyoei Tanker has ordered from Namura.

  • 5 June 2017
    Business & Finance

    The very large crude carrier (VLCC) market could experience a downturn, which is likely to accelerate in the short term, on the back of OPEC’s extension of production cuts. OPEC and a number of non-OPEC producers earlier informed of their decision to extend production cuts to March 2018. Cutbacks largely originate out of the Middle East, […]

  • 26 November 2015
    Business & Finance

    Bermuda-based crude oil tanker company DHT Holdings took delivery of a very large crude carrier (VLCC) newbuilding on November 23 from South Korean shipbuilder Hyundai Heavy Industries. The new 299,900 dwt VLCC vessel, named DHT Jaguar, has already entered the spot market. DHT Jaguar is the first of a series of six VLCC newbuildings to be delivered to the company […]

  • 10 April 2014
    Business & Finance

    Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, has acquired a 2003-built VLCC of 298,287 dwt. The VLCC was purchased for $43.5 million and it will be delivered in Q2 2014. Navios Acquisition is expected to finance the acquisition with cash on its balance sheet and financing consistent with its existing credit […]

  • 16 October 2018
    Infrastructure

    Malaysia’s FPSO specialist Bumi Armada has denied reports that it has acquired a Very Large Crude Carrier from Ship Finance International.

  • 6 August 2019
    Business & Finance

    Euronav has disposed of VK Eddie, a 2005-built very large crude carrier (VLCC).

  • 2 May 2017
    Business & Finance

    With demolition values on the rise and impending environmental regulations that will require costly upgrades to existing vessels, the very large crude carrier (VLCC) sector is set to see an accelerated scrapping program begin this year. The scrapping spree is expected to persist throughout the next five years, according to a five-year forecast period from McQuilling […]

  • 1 October 2014
    Business & Finance

    Frontline Management (Bermuda) Ltd., and Cyprus-based Tankers International LLC (TI) have started a new company named VLCC Chartering Ltd., pooling together their respective VLCC fleets in an effort to enhance flexibility and provide cargo owners with more options. The companies also hope that the new joint venture will enable them to to reduce voyage related expenses and thereby […]

  • 31 January 2012
    Business & Finance

    Oman Shipping Company’s (OSC) 317,000 DWT, 2011 Built, Very Large Crude Carrier (VLCC) “FIDA” is the latest and 12th vessel to join the VL8 Pool. The VL8 pool is a joint venture company between NAVIG8, Oman shipping Company and VTN, formed in 2010 with sole purpose of commercially managing modern, fuel efficient, high quality VLCCs […]

  • 17 September 2010

    Frontline which has placed its large VLCC newbuilding program at the Chinese shipyard Zhoushan Jinhaiwan has renegotiated the size of the series. At first Frontline ordered six VLCC newbuildings at Jinhaiwan but is now committed to take delivery of of five 320,000 DWT VLCC newbuildings, with a total contract price of USD 525 million.

  • 11 September 2019
    Business & Finance

    Hunter selected Tankers International as commercial manager for its fleet of very large crude carriers.

  • 23 December 2016
    Business & Finance

    Shipowner Oman Shipping Company SAOC (OSC) has decided to internalize the commercial management of their very large crude carrier (VLCC) fleet which was previously a part of the VL8 pool, managed by maritime services provider Navig8 Group. Namely, a total of 15 VLCC owned by Oman Shipping Company have been placed in the VL8 shipping pool since 2010. […]

  • 6 December 2011
    Business & Finance

    Partners in the VLCC Pool will be MITSUI O.S.K. LINES, LTD. / PHOENIX TANKERS PTE. LTD., A.P. MØLLER – MÆRSK A/S (Maersk Tankers), SAMCO SHIPHOLDING PTE. LTD., and OCEAN TANKERS (PTE.) LTD., SINGAPORE – all financially strong and quality focused tanker owners. The Partners are in detailed discussions and the VLCC Pool is expected to […]

  • 17 December 2018

    A lot of “empties” have to be repositioned from the Pacific to the Atlantic.

  • 18 September 2015
    Business & Finance

    New York-headquartered crude oil shipping company Gener8 Maritime has taken delivery of the first of twenty-one ECO Very Large Crude Carriers (VLCC) the company has on order at South Korean shipyards. The ECO VLCC Gener8 Neptune was delivered by Daewoo Shipbuilding & Marine Engineering (DSME) on September 11, 2015. Peter Georgiopoulos, Gener8 Maritime’s Chairman and Chief Executive Officer, said: […]

  • 18 September 2015
    Business & Finance

    New York-headquartered crude oil shipping company Gener8 Maritime has taken delivery of the first of twenty-one ECO Very Large Crude Carriers (VLCC) the company has on order at South Korean shipyards. The ECO VLCC Gener8 Neptune was delivered by Daewoo Shipbuilding & Marine Engineering (DSME) on September 11, 2015. Peter Georgiopoulos, Gener8 Maritime’s Chairman and Chief Executive Officer, said: […]