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Al Seer Marine rolls out red carpet for new clean fuel-ready tanker duo

27 December 2024

Vessels

Abu Dhabi-headquartered Al Seer Marine, a subsidiary of International Holding Company, has rang the welcome bell to the second duo of alternative fuel-ready 50,000 dwt chemical tankers, built by South Korea’s K Shipbuilding. As disclosed, MT Saiph and its sister vessel are part of a newbuilding sextet that the UAE-based maritime organization ordered from the […]

Elengy puts Fos Tonkin LNG capacity up for sale

21 January 2019

French LNG operator Elengy, a unit of the energy giant Engie, is set to offer up for sale access to uncommitted capacities at the Fos Tonkin LNG terminal for the period 2021-2030.

Suez Canal Extends Toll Cuts for Crude Carriers

26 December 2018

The Suez Canal Authority extends discounts related to oil tankers to 2019.

Ineos Insight Brings First US Shale Gas Cargo to UK

27 September 2016

Business & Finance

The first shipment of US shale gas has arrived in the UK today aboard the LPG tanker JS Ineos Insight, operated by Swiss-based chemicals giant Ineos. The tanker was heading to Ineos’ Grangemouth plant in Scotland, where it was set to unload 27,500 cubic metres of ethane extracted from beneath western Pennsylvania, US. The shipment is said to […]

Philly Shipyard Sees Modest Rise in Income

23 March 2016

Business & Finance

U.S. shipbuilder Philly Shipyard, formerly known as Aker Philadelphia Shipyard, reported a net income of USD 17.4 million, a slight increase from a net income of USD 13.6 million seen in 2014. During the year the company’s operating revenues reached USD 286.3 million, mainly due to continued progress on SeaRiver and Crowley projects, compared to 2014 operating revenues of USD […]

APSI and Crowley Maritime in Joint Venture

8 November 2013

Aker Philadelphia Shipyard, Inc. (APSI), and Crowley Maritime Corporation have completed definitive documentation and satisfied the closing conditions for the joint venture related to the operation and chartering of at least four product tankers. The transaction was originally announced on August 9, 2013. The agreements include binding shipbuilding contracts for the first four product tankers, […]

BIMCO: Scrubber installation set to rise despite 2022 fall

15 March 2023

Authorities & Government, Environment, Equipment, Green Marine, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition, Vessels

Exhaust gas cleaning systems, also known as scrubbers, were installed on 399 ships in 2022, marking a fall of 24% y/y, data from BIMCO shows. The systems are being installed on ships to comply with the IMO 2020 Sulphur Cap as a way of cleaning out sulphur emissions while continuing to burn less expensive heavy […]

‘Foul play’ among suspected reasons behind oil tanker–cargo ship North Sea collision

10 March 2025

Business & Finance, Business Developments & Projects, Environment, Ports & Logistics, Vessels

After two ships caught fire in the wake of a collision between a U.S.-flagged oil tanker and a Portuguese container ship, which occurred in the North Sea, north of England, U.S. officials have reportedly been unable to rule out ‘foul play,’ as a potential cause for the crash that set these vessels ablaze.

Wartsila to Equip Three New FSUs with Inert Gas Systems

16 April 2013

Wartsila, the marine industry’s leading solutions and services provider, is to supply inert gas systems for a Floating Storage Unit (FSU) to be located on Norway’s Heidrun offshore oil and gas field, and for two shuttle tankers that will support the FSU. The FSU is owned by Statoil, the Norwegian state owned energy company, and […]

Thenamaris Adds Two More from Hyundai Samho

21 September 2015

Business & Finance

Greek ship manager Thenamaris (Ships Management) Inc, has exercised an option for construction of two Suezmax tankers at South Korean shipbuilder Hyundai Heavy Samho Industries. The order was confirmed to World Maritime News by the company’s spokesperson and relates to a 158,580 dwt tanker duo, slated for delivery in 2017. The latest order brings the company’s orderbook to eleven newbuildings, reaching a […]

MOL Bets on Offshore Shipping

3 September 2014

Business & Finance

Mitsui O.S.K. Lines, Ltd. (MOL) has agreed to establish a ship-owning joint venture with Norway’s Viken Shipping AS, and to participate in a shuttle tanker project. The joint company is called Viken MOL AS, and will be managed from Viken Shipping’s office in Bergen. The initial investment by the joint company will be the acquisition of a […]

South Korea: Green Suezmax Almi Globe Handed Over at DSME’s Okpo Shipyard

31 May 2012

Almi Tankers S.A. recently took delivery of M/T Almi Globe at DSME’s Okpo Shipyard. The Hull No. 5356, a 157,430 DWT crude oil tanker M/T Almi Globe is the third Green Suezmax of the newbuilding programme that was built by Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) to the highest industry standards. It flies […]

Frontline: 65pct of our fleet will be scrubber fitted

1 December 2022

Business & Finance, Business Developments & Projects, Environment, Equipment, Green Marine, Regulation & Policy, Rules & Regulation, Vessels

Norwegian tanker shipping heavyweight Frontline is poised to have exhaust gas cleaning systems installed on over half of its fleet of over 70 ships. The company’s owned fleet included 37 scrubber-fitted vessels at the end of the third quarter of 2022, including 15 VLCCs, 19 Suezmax tankers and three LR2/Aframax tankers. In October 2022, the […]

Ardmore Closes Q1 in Red

3 May 2017

Business & Finance

Bermuda-headquartered owner and operator of product and chemical tankers Ardmore Shipping Corporation suffered a net loss of USD 2.2 million in the first quarter of 2017, sinking from a net income of USD 6.7 million posted in the same period a year earlier. However, revenue for the quarter ended March 31, 2017, increased to USD 49.7 million […]

French player’s new LNG carrier design gets the go-ahead as deal for eight dual-fuel tankers comes its way

30 October 2024

Authorities & Government, Business & Finance, Business Developments & Projects, Certification & Classification, Project & Tenders, Regulation & Policy

Gaztransport & Technigaz (GTT) has obtained a stamp of approval from Japan’s classification society ClassNK for its 30,000 cubic meters (cbm) membrane-type liquefied natural gas (LNG) carrier design.

Furetank launches dual-fueled newbuild

7 August 2020

Infrastructure, Vessels

Sweden shipping company Furetank launched its seventh dual-fueled vessel at the Avic Dingheng Shipbuilding yard in China.

Cosco Zhoushan Confirms $180 Mln Order for Four Vessels

9 July 2013

The Board of Directors of COSCO Corporation (Singapore) Limited announced today that four shipbuilding contracts signed by COSCO (Zhoushan) Shipyard Co., Ltd (Cosco Zhoushan) with a European ship owner for the construction of four 111,000dwt tankers have been made effective recently at a value of over US$180 million in total. Delivery of the above four […]

Spotted: Frontline’s Aframax Duo Hits the Water in China

3 April 2018

Business & Finance

Smooth launching of Frontline’s Aframax pair at New Times Shipbuilding.

World shipbuilding forecast shows weak-but-steady growth in oil and gas tanker fleet over next five years

17 September 2009

The world fleet of oil, chemical and gas tankers is predicted to continue to grow over the next five years, although at a much more sluggish rate than the previous five years, according to a Shipbuilding Market Report issued this month by Lloyds Register – Fairplay (LR Fairplay). The oil tanker fleet, which currently stands […]

BIMCO: Ordering Ramping Up in H1 Is Not What Industry Needs

26 June 2017

The newbuild activity for the first half of 2017 has surpassed the same period last year by 20%. A total of 5.9 million DWT was contracted in May 2017 and 3.1 million DWT so far in June 2017, which brings the total amount of newbuild orders up to 19.6 million DWT for 2017, BIMCO’s figures […]

Jiangsu Hantong Names Three Merchant Vessels

10 January 2017

Business & Finance

China’s Jiangsu Hantong Ship Heavy Industry has held naming ceremonies for three merchant vessels in the last four days. The shipbuilder held a naming ceremony for two 38,800 dwt bulk carriers owned by Nord on Saturday, January 7. The shipbuilder, however, failed to mention the names of the bulkers. On Monday, January 9, Jiangsu Hantong organised a […]

LNG Leo Docks at Gate Terminal in Rotterdam

26 November 2013

Vessels

One of the world’s oldest sailing tankers, LNG Leo, has docked at the Dutch Gate terminal on Friday, the Port of Rotterdam said in a statement. After a difficult start in 2013, the Rotterdam port currently handles one LNG tanker weekly. The port authority rewards seagoing LNG tankers holding the Green Award certificate by offering them a […]