10000 results found for 'tanker'

10000 results found for 'tanker'
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  • Demand for Tanker Newbuilds Subdued

    10 April 2015

    Newbuilding contracting of tankers has slowed in the first quarter of the year to the lowest levels recorded since 2012, according to McQuilling Services quarterly review of tanker orderbook. The marine transportation consultancy said that through March 52 orders have been placed, the bulk of which were Suezmax tankers, followed by the Aframax and LR1 […]

  • KNOP Snags Tanker Couple

    24 June 2014
    Business & Finance

    KNOT Offshore Partners LP (KNOP) has entered into agreements to purchase from Knutsen NYK Offshore Tankers AS all of the ownership interests in the companies that own and operate the shuttle tankers Hilda Knutsen and Torill Knutsen. The purchase price of the Hilda Knutsen is $166m, net of $109.6m of outstanding indebtedness related to the vessel. […]

  • Tsakos Fixes Suezmax Tanker

    2 December 2015
    Business & Finance

    Athens-based tanker owner and operator Tsakos Energy Navigation (TEN) has entered into a long-term charter agreement for a suezmax tanker with an undisclosed company. The contract is scheduled to start in December 2015 upon the completion of the vessel’s current voyage. Tsakos expects that the charter will generate approximately USD 18.5 million in total gross revenues. “This accretive […]

  • Demand for Tankers Outstripping Supply

    15 December 2014
    Business & Finance

    Stronger freight rates in the tanker market may bring about some positive trends for the first quarter of 2015, if lower oil prices can continue to generate higher demand for product tankers, BIMCO said. The stronger freight market has been attributed to the supply side, in particular the newbuilding side of it, because the crude […]

  • Tanker Market Fundamentals Improving

    7 August 2014
    Business & Finance

    Crude tanker spot rates in the second quarter of 2014 averaged approximately 20 to 30 percent higher compared to the same period of 2013, reflecting improving tanker market fundamentals and higher fleet utilization compared to the previous year, according to Tanker Investments Ltd. Since the beginning of the third quarter of 2014, Aframax and Suezmax spot […]

  • Maersk sells tanker business

    20 September 2017

    Following a recent deal to sell its oil business, Danish shipping giant Maersk has now reached an agreement to sell its Maersk Tankers unit. The company said on Wednesday it would sell the shares in Maersk Tankers to APMH Invest A/S (APMHI) for USD 1,171 mill. on a debt and cash-free basis. APMHI is a […]

  • Bahri Adds Two Tankers

    4 May 2015
    Business & Finance

    The tanker shipping arm of the National Shipping Company of Saudi Arabia (Bahri), National Company for Chemicals Shipping, signed on Thursday a memorandum of understanding to purchase two tankers. Under the deal, NCC will pay USD 28.5 million dollars per tanker. The duo, MS Berganger and MS Brimanger, was previously owned by Norwegian shipping company […]

  • Scorpio Tankers Pounces on Newbuildings

    11 November 2014
    Business & Finance

    Tanker owner Scorpio Tankers has reached an agreement to purchase two LR2 product tankers currently under construction at Daewoo Shipbuilding and Marine Engineering Co., Ltd. (DSME) for approximately USD 60 million each. These vessels are expected to be delivered in January 2015. Scorpio has not revealed the name of the seller. The company has also taken delivery […]

  • Product Tanker Giant Is Created

    18 January 2019
    Business & Finance

    BW Tankers Limited and Hafnia Tankers have completed their merger.

  • Denmark pushes back bid submission deadline for piece of $4.59 billion carbon capture and storage pie

    5 December 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Regulation & Policy, Transition

    The Danish Energy Agency has postponed the deadline for its carbon capture and storage (CCS) tendering procedure, which enables interested companies to get a slice of the DKK 28.7 billion ($4.59 billion) funding cake earmarked to lend Denmark a helping hand in achieving its climate neutrality vision.

  • Trafigura Opts for GSI Tankers

    27 May 2013

    Guangzhou Shipyard International Co., Ltd. (GSI), a subsidiary of China State Shipbuilding Corporation (CSSC), recently signed a contract with Swiss owner Trafigura for the construction of up to eight 50,000dwt chemical/product tankers. The shipyard will build four vessels with the option for four more to be exercised by September this year. As Sinoshipnews reports, the […]

  • Russian Tanker Captured in Libya

    17 September 2015

    A Russian-flagged oil tanker has been seized by military forces pertaining to rival government in Libya as the ship’s crew reportedly tried to smuggle oil from the port of Zawara. “A Russian-flagged oil tanker was captured this afternoon when it tried to smuggle oil off Zawara,“ Twafik Alskir, a senior official with Tripoli-allied naval forces […]

  • Russian Tanker Captured in Libya

    17 September 2015

    A Russian-flagged oil tanker has been seized by military forces pertaining to rival government in Libya as the ship’s crew reportedly tried to smuggle oil from the port of Zawara. “A Russian-flagged oil tanker was captured this afternoon when it tried to smuggle oil off Zawara,“ Twafik Alskir, a senior official with Tripoli-allied naval forces […]

  • Kuwait Oil Tanker to Grant USD 556 Million Contract for Five Tankers to DSME

    5 January 2012
    Business & Finance

      The state-owned Kuwait Petroleum Corp. has given approval to Kuwait Oil Tanker Co. to grant contracts worth $556 million to South Korea’s Daewoo Shipbuilding & Marine Engineering Co. (042660) for five crude-oil tankers, reports Bloomberg. The tankers are deemed to be part of Kuwait Oil Tanker’s plans for nine new vessels, in a third […]

  • New CEO at Teekay Tankers

    28 May 2014
    Business & Finance

    Teekay Tankers Ltd. has announced the appointment of Mr. Kevin J. Mackay as Chief Executive Officer (CEO) of Teekay Tankers, effective June 20, 2014. Mr. Mackay will join Teekay Tankers from Phillips 66 Corporation, where he is currently head of the global marine business unit for this industry-leading downstream company. Teekay’s new CEO said, “Teekay Tankers […]

  • Simulated Oil Tanker, Benzene Chemical Tanker Collision in Tampa Bay

    6 June 2006

    In light of recent natural and man-made disasters the ability to quickly respond is becoming more urgent than ever. Emergency response teams, rescue units, police and firefighters all need crucial and timely data to perform their jobs when time is of the essence and lives are on the line. By creating interoperability between systems this […]

  • Scorpio Tankers Plunges into Loss

    18 September 2017
    Business & Finance

    Monaco-based tanker owner Scorpio Tankers delivered a net loss of USD 68.3 million for the three months ended June 30, 2017, against a net income of USD 3.8 million seen a year earlier. The company’stime charter equivalent (TCE) revenue dropped to USD 117.5 million from USD 136.7 million reported in the same three-month period in […]

  • NYK Stolt Tankers orders six battery- and methanol-ready chemical tankers in China

    9 February 2024
    Business Developments & Projects, Infrastructure, Vessels

    NYK Stolt Tankers (NST), a joint venture between shipping companies NYK Line and Stolt Tankers, has reached an agreement with Nantong Xiangyu Shipyard in China to build six 38,000 dwt stainless steel chemical tankers.

  • Scorpio Tankers Sinks to Loss

    14 November 2016
    Business & Finance

    Monaco-based tanker owner Scorpio Tankers recorded a net loss of USD 27.1 million in the third quarter of 2016, compared to a net income of USD 85.3 million in the same period last year. The loss is primarily attributed to low Time Charter Equivalent (TCE) revenue that halved in the third quarter of 2016, dropping to […]

  • New CEO days away from taking the reins at Karoon

    30 October 2025
    Business & Finance, Business Developments & Projects, Human Capital

    Karoon Energy, Australia’s oil and gas company, has revealed the name of its new Managing Director and Chief Executive Officer (MD and CEO), who will step into the role next month.

  • Scorpio Tankers Bolstering Fleet

    18 August 2014
    Business & Finance

    Scorpio Tankers Inc. announced today that it has reached an agreement with an unrelated third party to purchase an MR product tanker that is currently under construction at SPP Shipbuilding Co., Ltd. of South Korea. The purchase price of the vessel is $37.1 million with delivery expected in September 2014. The company recently took deliveries […]

  • Biggest oil tanker launched

    31 December 2005

    The Bach Dang Shipyard, a member of the Vietnam National Shipbuilding Industry Corporation (VINASHINB) early this morning successfully launched VINASHIN SEA, an oil tanker of 13,500 tonnes, the biggest oil tanker launched so far in Vietnam.

  • Suezmax Tanker Market on the Rebound

    6 October 2014
    Business & Finance

    This year has seen a major comeback of the Suezmax tanker market prompted by the recent surge in newbuilding orders, after three years of very few orders, according to London-based shipbroker Gibson. The “mini” surge in the newbuilding market, caused by more regular spikes in the spot market, has seen 24 vessels placed for the year to date. With […]

  • Tanker hijacked off Somalia

    29 June 2010

    Pirates have taken control of the tanker Golden Blessing 90 nautical miles off the northern Somali coast. The vessel has a crew of 19 Chinese citizens; there are no reports of injuries. The 14,445 DWT Singapore-flagged tanker was carrying a cargo of ethylene glycol when hijacked.

  • Tankers Lift Stolt-Nielsen

    1 October 2015
    Business & Finance

    Oslo-listed Stolt-Nielsen Limited reported USD 30.1 million net profit attributable to shareholders for the third quarter ended August 31, compared with a net profit of USD 14.6 million reported in the third quarter of 2014, mostly due to the company’s tanker segment – Stolt Tankers. Stolt reported revenue of USD 500.7 million in the third quarter of […]