10000 results found for 'tanker'

10000 results found for 'tanker'
Order results by

A list of search results

  • Pyxis Expects Modest Upward Trend in Chartering

    16 March 2018
    Business & Finance

    Pyxis Tankers: Chartering activity to remain choppy, but with a modest upward trend in 2018.

  • Ullman: I’d Rather Take an OPEC Cut than US Cut

    14 December 2018

    Ullman: I would rather take an OPEC production cut than a cut from the U.S.

  • Cargill, Hafnia set up new bunker company

    20 February 2025
    Business Developments & Projects, Collaboration, Outlook & Strategy

    Cargill Ocean Transportation, part of American agricultural products giant Cargill, and Singapore-based tanker shipping company Hafnia have decided to create Seascale Energy “to accelerate the transformation of marine fuel procurement services”.

  • Four More for STX Offshore

    8 April 2013

    Teekay Tankers Ltd. has entered into an agreement with STX Offshore & Shipbuilding Co., Ltd., (STX) of South Korea for the construction of four, fuel-efficient 113,000 dead-weight tonne (dwt) Long Range 2 (LR2) product tanker newbuildings for a fully built-up cost of approximately $47 million each. The agreement with STX also includes fixed-price options for […]

  • Chinese Shipyard Starts Construction of VLCC Ordered by SCF Group

    22 November 2011
    Business & Finance

      An official steel cutting ceremony, marking the start of construction of the first of two VLCC (Very Large Crude Carrier) tankers ordered by SCF Group, took place in China on 14 November 2011. The ceremony was held at Bohai Shipbuilding Heavy Industry Co. and was attended by Sergey Popravko, Sovcomflot Senior Vice-President; Igor Tonkovidov, […]

  • Union Maritime Buys Enterprises Shipping’s MR2 Duo

    6 February 2017
    Business & Finance

    Greek shipping company Enterprises Shipping and Trading has decided to decrease its fleet as it opted to sell two 2004-built MR2 tankers, according to data provided by VesselsValue. The vessels in question are the 51,200 dwt Energy Protector and Energy Pride, purchased by UK’s shipowner Union Maritime. Sold en bloc, the tankers fetched a price of […]

  • Greece: Navios Acquires 2003-Built VLCC

    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 […]

  • Concordia Maritime Inks New Charter Contract with Shell

    17 February 2014
    Business & Finance

    Concordia Maritime has signed an agreement with Shell Tankers Singapore Private Ltd (Shell) covering the employment of the P-MAX tankers Stena Penguin and Stena Progress. “Generally speaking, the product tanker market is developing well and in accordance with our planned fleet disposition. We are of course happy to have concluded this business”, says Kim Ullman, […]

  • Stolt cancels newbuilding

    29 June 2009

    Stolt Tankers has cancelled a contract with SLS Shipbuilding Co. Ltd., South Korea, for the construction of a 44,000 DWT coated parcel tanker, hull no. 474, the second in a series of four ships, due to delivery delays. In a statement, the company says: “On March 30, 2009, Stolt Tankers entered into arbitration with SLS […]

  • TEN Stretches Charters

    4 March 2015
    Business & Finance

    Greek tanker owner and operator Tsakos Energy Navigation (TEN) has extended the charters for the Panamax tankers Selini and Salamina for 24 and 30 months respectively, with further 12-month extension options, to a European oil major, possibly Shell. With the additional extension options, TEN expects the minimum gross revenue from this charter with profit sharing provisions to be around […]

  • Morning Glory Arrives to Tripoli (Libya)

    24 March 2014
    Business & Finance

    Tanker ship  Morning Glory arrived in Tripoli on March 22, 2014., after U.S. naval forces handed it over to the Libyan naval authorities in international waters just outside of the territorial water line, Reuters reports. The U.S. Navy’s USS Elrod relieved the USS Stout of its escort duties for the Morning Glory tanker ship on […]

  • Brokers: Hyundai Mipo Dockyard Bags Order for 7 Ships

    11 May 2018
    Business & Finance

    Brokers: Hyundai Mipo Dockyard has received orders for seven tankers.

  • Video: Besiktas Launches Another Dual-Fuel Asphalt Carrier for Desgagnés

    31 July 2017
    Business & Finance

    M/T Paul A. Desgagnés, a dual fuel LNG IMO-II chemical tanker owned by Canadian shipping company Desgagnés Group, has been launched at Turkish Besiktas Shipyard.  The launching of the 14,000 dwt ship took place on July 29. Paul A. Desgagnés is the third in a series of four asphalt-bitumen-chemical tankers ordered by Desgagnés. Each of the four vessels can […]

  • Lundqvist Rederierna orders LNG-powered Aframax

    16 April 2020
    Infrastructure, Vessels

    Finnish shipping company Lundqvist Rederierna has ordered a liquefied natural gas-powered Aframax tanker from Japan’s Sumitomo Heavy Industries. The 112,000-deadweight-tonnage ship is scheduled for delivery by January 2022, according to Lundqvist Rederierna. Lundqvist Rederierna did not reveal the price tag of the order saying that the order would be financed by the shipping company’s own […]

  • Bahri Seals USD 126 Mn Loan for VLCC Duo

    7 June 2016
    Business & Finance

    The National Shipping Company of Saudi Arabia (Bahri) has secured USD 126 million in financing with the Bank of Tokyo-Mitsubishi UFJ (BTMU) under the terms compliant with the Sharia law. Majority of the loan, specifically 80 percent, will be used to finance the two tankers Bahri purchased in October, 2015. The ships in question are two […]

  • Sovcomflot swings to a profit in Q1

    16 May 2019

    Russia’s largest shipping company Sovcomflot swung to a profit in the first quarter of the year as it boosts the use of LNG-fueled tankers. 

  • FSL Trust moves forward with the sale of LR2 newbuilding pair

    17 February 2021
    Business & Finance

    FSL Trust Management, as trustee-manager of First Ship Lease Trust, has executed memoranda of agreement to sell two LR2 product tanker newbuildings. The vessels FSL Suez and FSL Fos will be sold to an unnamed third party following their deliveries from COSCO Shipping Heavy Industry (Yangzhou). Based on the information on the company’s website, the […]

  • MPA Singapore Revokes Panoil’s Bunker Craft Operator Licence

    15 August 2017
    Business & Finance

    Bunkering company Panoil Petroleum will no longer be allowed to work as a bunker craft operator in the Port of Singapore after the Maritime and Port Authority of Singapore (MPA) revoked its licence. The decision, which takes effect from August 14, 2017, comes on the back of MPA’s checks conducted on the company between January […]

  • Six Missing After Collision in Singapore Strait

    17 December 2015

    Six crew members are missing after a Cayman Islands-registered chemical tanker Stolt Commitment and Antigua and Barbuda-flagged freighter Thorco Cloud collided in the Singapore Strait in the evening hours of December 16. The 2004-built freighter, which was carrying 560 metric tonnes of bunker fuel, sank, while the 2000-built chemical tanker sustained minor damage and is in stable condition, […]

  • Deutsche ReGas hires S5 Agency World to manage shuttle tankers at Lubmin LNG terminal

    26 January 2023
    Business Developments & Projects, Green Marine, Infrastructure

    Port services provider S5 Agency World has entered into a contract with Deutsche ReGas to act as terminal agent at the new Deutsche Ostsee LNG terminal at Lubmin Port. The floating storage and regasification unit (FSRU) serving as the terminal was officially launched on 14 January, with the inauguration ceremony attended by German Federal Chancellor Olaf Scholz. […]

  • South Korea: STX Secures 16 New Orders Totaling USD 1 Bln

    19 April 2012

    STX Offshore & Shipbuilding is accelerating its order receipt activities for 2012 by successfully receiving a number of consecutive orders. The company announced that it received orders for two 170,200m3 class LNG carriers and six 50.000 DWT class tankers from Sovcomflot and John Fredriksen Group, respectively. The orders are totally more than USD 600 million, […]

  • South Korea: STX Accelerates Its Order Receipt Activities for 2012

    19 April 2012
    Business & Finance

    STX Offshore & Shipbuilding is accelerating its order receipt activities for 2012 by successfully receiving a number of consecutive orders. The company announced that it received orders for two 170,200m3 class LNG carriers and six 50.000 DWT class tankers from Sovcomflot and John Fredriksen Group, respectively. The orders are totally more than USD 600 million, […]

  • Cardiff Marine Orders Four Aframaxes from Hangtong

    17 August 2015
    Business & Finance

    China’s Jiangsu Hangtong shipyard informed today that it has signed a contract with Greek shipowner Cardiff Marine on construction of four 115,000 DWT Aframax oil tankers. Under the deal, which includes an option for two additional tankers of the same typee, Cardiff Marine is expected to take the delivery of the new ships in 2017. […]

  • Euronav Confirms to Be in Talks to Buy 4 VLCCs

    12 June 2015
    Business & Finance

    Belgian tanker owner Euronav NV reacted to recent market speculations on its plan to buy up to eighteen tankers for USD 1.2 billion, confirming only that the company is currently in ”advanced talks” to buy four very large crude carriers (VLCCs). Euronav was reported to be negotiating to buy eight VLCCs from Greece’s Metrostar Management for USD 98 million per vessel. The company […]

  • Certain tankers might produce more CO2 while chasing CII rating, Gibson warns

    12 September 2022
    Environment, Green Marine, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition

    With less than four months until the entry into force of the IMO’s carbon intensity indicator (CII) and Energy Efficiency Existing Ship Design Index (EEXI), fears are being raised that the tanker sector might emit higher CO2 emissions as it adjusts trading patterns to attain the required rating. With EEXI compliance it is the owner’s […]