10000 results found for 'tanker'

10000 results found for 'tanker'
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  • Performance Shipping Step Closer to Pure Play Aframax Company

    19 February 2020
    Business & Finance

    Performance Shipping signs a memorandum of agreement (MoA) to purchase a 2007-built Aframax tanker.

  • Minerva sets up new service in Red Sea ports

    23 December 2021
    Business Developments & Projects, Infrastructure, Ports & Logistics

    Marine fuel supplier Minerva Bunkering has introduced a new marine fuels supply service in the Red Sea ports of Yanbu and Jeddah in the Kingdom of Saudi Arabia.

  • Latvian Shipping Company Fixes USD 121 Mn Loan

    2 March 2017
    Business & Finance

    Latvian Shipping Company has completed its loan refinancing procedure, securing a loan of USD 121 million from a syndicate of three banks and simultaneously repaying the previous loan, the tanker owner said on Tuesday. The new loan has been issued with a repayment deadline of June 30th, 2022. “We are delighted to have completed the refinancing […]

  • Oil Spill Near Malaysia, Singapore After Ships Collide

    25 May 2010

    A Malaysian tanker and a ship collided Tuesday morning near the Malaysian and Singaporean waters resulting in an oil spill. Singapore’s ports authority said in a press release that tanker MT Bunga Kelana 3 and the bulk carrier MV Waily collided in Singapore Strait.

  • bound4blue: ‘World’s largest’ suction sails installed on LDC juice carrier

    8 April 2025
    Business Developments & Projects, Equipment, Infrastructure, Vessels

    Spanish automated wind-assisted propulsion system specialist bound4blue has installed what it claims to be “the world’s largest” suction sails on a vessel.

  • Chubu Says First LNG Tanker at Joetsu Unit Due to Arrive October 8 (Japan)

    4 October 2011

    Chubu Electric Power Co said on Tuesday it would join other utilities in Japan in asking its customers to keep saving power this winter… (reuters) [mappress] Source: reuters, October 4, 2011

  • Slow Steaming Panacea for All Industry Ailments?

    4 June 2018
    Business & Finance, Rules & Regulation

    Industry players from different sectors agree: reducing ship speed is the panacea to all ails.

  • Stena Bulk Names First of Its Ten Newbuilds

    5 February 2015
    Business & Finance

    Stena Bulk’s IMOIIMAX Stena Impression, the first of ten 50,000 DWT MR chemical tanker newbuilds, was named in Singapore on Wednesday. The Stena Impression is owned by a joint venture of which Stena Bulk and Indonesian Golden Agri Resources (GAR) each own 50 percent. The fleet of ten newbuilds, worth a total of USD 400 […]

  • MWCC Announces Delivery of New Component to Expanded Containment System (Japan)

    21 September 2011
    Business & Finance, Equipment, Operations & Maintenance

      Marine Well Containment Company (MWCC) has announced the delivery of an integral component to its expanded containment system, a new Aframax tanker. Named “Eagle Texas” in a recent ceremony in Takamatsu, Japan, the tanker will be operated by AET Tanker Holdings. The “Eagle Texas” will soon undergo extensive conversion and modification before taking up […]

  • NAT Refinances Credit Facility

    17 December 2015
    Business & Finance

    New York-listed shipping company Nordic American Tankers (NAT) has agreed to extend and refinance its current credit facility up to end 2020 covering its 26 vessel Suezmax fleet. The new non amortizing facility is increased from USD 430 million to USD 500 million, based on improved terms. The banking group consists of DNB Bank, Nordea […]

  • Aegean Shipping Orders Four Aframaxes

    22 April 2016
    Business & Finance

    Greece’s Aegean Shipping Management has placed an order for four Aframax tankers at Chinese shipbuilder COSCO (Zhoushan), according to Asiasis. The 113,000 dwt oil tankers are said to be slated for delivery in 2018. Details on the price of the ships were not disclosed, however the deal reportedly includes options for four more ships. The ships are […]

  • ITIC: Inaccurate Ship Description by Pool Manager Led to Costly Consequences

    5 July 2017
    Business & Finance

    After a shipping pool manager failed to accurately describe a tanker, leading to a substantial claim by charterers, it had to settle the claim, the International Transport Intermediaries Club (ITIC) said. As informed, an unnamed pool manager misdescribed the tanker as being acceptable to a specific oil major, even though he had received an email […]

  • Gener8 Orion Finds New Owner

    13 June 2017
    Business & Finance

    US-based crude oil shipping company Gener8 Maritime informed it has delivered Gener8 Orion, a Suezmax tanker, to its new owners in Singapore. In May, Gener8 inked a sub-sale agreement to sell the 160,000 dwt ship to Elegant Ship Management for USD 13.3 million, VesselsValue’s data shows. The tanker, which was built by South Korean shipbuilder Samsung […]

  • Mingde Heavy Hosts Naming Ceremony of JO LOTUS (China)

    26 September 2013
    Business & Finance

    The biggest stainless steel chemical tanker ever built by Mingde Heavy Industry was named successfully on the afternoon of September 25th 2013. Godmother Mrs. Aas named the new ship as “JO LOTUS”. Mr. Ji Fenghua, the Chairman of Mingde Group, and Mr. Odfjell, the owner of Jo Tankers AS, gave their speeches at the ceremony. […]

  • NET Plans Public Offering to Finance Fleet Modernization

    31 January 2014

    Tsakos Energy Navigation Ltd., a leading product, crude and LNG tanker operator, announced yesterday that it plans to offer its common shares in a public offering. Entities affiliated with the Tsakos Holdings Foundation, which is the company’s largest shareholder, have indicated their intention to purchase 500,000 of the common shares sold in the offering. The […]

  • Another collision in the Strait of Gibraltar

    19 August 2007

    Operations are currently underway in the Strait of Gibraltar to salvage the Panamanian registered cargo ship ‘New Flame’ which partially sank after colliding with the Danish tanker the ‘Tom Gertrud’ on Sunday 12th August. The ‘New Flame’ loaded with scrap metal was leaving Gibraltar when it came so close the the tanker that a collision […]

  • Thenamaris Orders Aframax Pair

    24 November 2017
    Business & Finance

    Athens-based ship manager Thenamaris has placed an order for two 111,900 dwt Aframax tankers with Japanese shipbuilder Sumitomo Heavy Industries. Based on the company’s data, the two newbuildings are slated for delivery in 2020 and will be flagged in the Marshall Islands. The price of the duo was undisclosed. Thenamaris is currently overseeing the construction of seven […]

  • Algoma hits ship delivery trifecta on fleet renewal quest

    11 March 2025
    Business Developments & Projects, Green Marine, Infrastructure, Outlook & Strategy, Vessels

    Canada’s shipping company Algoma Central Corporation has taken delivery of three new ships, including dual-fuel and methanol-ready product tankers, as part of its fleet modernization and diversification program.

  • Frontline’s Front Altair to Return to Service in 4th Quarter

    27 August 2019
    Business & Finance

    The ship would return to service once it completes repairs, currently ongoing in Dubai.

  • SCF’s LNG-Fueled Aframax Transits Northern Sea Route

    31 October 2018
    Business & Finance

    SCF’s LNG-fueled Lomonosov Prospect completed a commercial voyage along the Northern Sea Route.

  • Readers’ Picks of the Week (July 18 – 22, 2016)

    24 July 2016
    Business & Finance

    Stolt-Nielsen Buys Jo Tankers’ Chemical Operations Stolt-Nielsen Limited has agreed to acquire the chemical tanker operations of Jo Tankers comprising 13 chemical tankers and a 50% share in a joint venture with eight chemical tanker newbuildings… Read More CMA CGM Enters Total NOL Takeover Mode French container carrier CMA CGM S.A. has reported that its […]

  • Sovcomflot profit down 36 pct YoY

    21 November 2016

    Russia’s largest shipping company Sovcomflot posted a 36.2 percent drop in its third-quarter net profit in a”challenging” tanker market. Sovcomflot reported a net income of US$52.1 million as compared to $81.6 million in the same period last year. “Despite the tanker market conditions being challenging in the third quarter, with spot rates under notable pressure […]

  • Scorpio Secures Financing for Newbuild Bulkers

    2 February 2015

    Scorpio Bulkers said it has closed a previously announced credit facility worth USD 42 million with a leading European financial institution. The loan is intended to finance a portion of the purchase price of two Kamsarmax vessels, of which one Kamsarmax vessel was recently delivered to the company from Imabari Shipbuilding Co. Ltd., Japan and one […]

  • Ardmore to move toward more non-fossil fuel cargoes as part of the energy transition plan

    11 February 2021
    Business & Finance, Market Outlooks, Outlook & Strategy, Transition

    The global energy transition will have a profound impact on the shipping industry, including product tanker and chemical tanker segments, Anthony Gurnee, Chief Executive Officer of Ardmore Shipping, believes. “While this will unfold over years, the impact has already been felt through anticipated regulations and constraints on newbuilding ordering activity. Our view is that the […]

  • Damaged Elsa Essberger Sails to Rotterdam Port

    4 January 2018
    Business & Finance

    Tanker Elsa Essberger, which collided with an offshore oil platform, has moored in the port of Rotterdam.