10000 results found for 'tanker'

10000 results found for 'tanker'
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  • US Lifts Sanctions against Cosco Dalian

    3 February 2020
    Business & Finance

    The United States lifted its sanctions against Cosco Shipping Tanker (Dalian) Co.

  • Bumper Delivery Year for Lion City Owners

    24 April 2018

    Singapore-based owners are set to take delivery of the highest number of vessels on record yet.

  • Stena comes to Concordia Maritime’s rescue

    13 July 2021
    Business & Finance, Collaboration, Outlook & Strategy, Vessels

    Having been faced with financial headwinds, Swedish tanker shipping company Concordia Maritime will receive a helping hand from its parent company Stena.

  • Norstar to Establish New JV Company in US

    18 February 2016
    Business & Finance

    Singapore’s tanker company Norstar is setting up a new commercial management joint venture based in Westport Connecticut USA, named Norstar Chartering (USA) LLC. The new entity is a collaboration between brothers Chris and Tom Bonehill, principals of the Norstar Group and two senior shipping industry executives Lars Ebbesen and Olav Ekeberg formerly partners of Sokana Chartering […]

  • Maersk Maya Targeted by Pirates

    6 March 2018

    Oil products tanker Maersk Maya was boarded by pirates while anchored in Port-au-Prince, Haiti.

  • Australian regulator accepts Jadestone’s plan for new Stag field offtake model

    30 March 2021
    Authorities & Government, Business Developments & Projects, Project & Tenders, Regulation & Policy

    Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has approved Jadestone Energy’s plan for operations at the Stag field, located offshore Australia.

  • Technavio: Increase in LNG supply to drive LNG bunkering market growth

    19 July 2022
    Market Outlooks, Outlook & Strategy

    Global technology research company Technavio foresees the LNG bunkering market size to grow by $755.39 million due to an increase in the sup

  • GDF SUEZ Signs Time Charter with NYK Line for LNG Tanker Grace Acacia (France)

    17 June 2011
    Vessels

    GDF SUEZ has signed a time charter-party with the Japanese shipowner NYK Line for the LNG carrier Grace Acacia, for a 4-year period starting from summer 2012. The Grace Acacia is co-owned by NYK Line and Mitsui and has been delivered from Hyundai shipbuilding yards in 2007. She is equipped with Mark III GTT cargo […]

  • Aker Yards to build two vessels for Maritima

    3 July 2007

    Aker Yards has signed a contract for the construction of two bunkering tankers for delivery in October 2008 and January 2009. The two vessels will be sister vessels to those ordered by Maritima in August 2006.

  • APSI Completes Documentation for Joint Venture with Crowley

    8 November 2013
    Business & Finance

    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, […]

  • U.S. sanctions against COSCO will not affect Yamal LNG supplies

    1 October 2019

    After the U.S. put sanctions on two units of Chinese shipper COSCO for allegedly carrying Iranian crude oil, Russia’s Novatek stated that these sanctions would not hinder Yamal LNG supplies.

  • TORM buys scrubber-fitted LR2 trio for $120.8 m

    12 May 2021
    Environment, Equipment, Transition, Vessels

    Danish carrier of refined oil products TORM has signed an agreement to purchase three 2015-built scrubber-fitted and fuel-efficient LR2 vessels, splashing $120.8 million on the deal. The ships, named Nissos Schinoussa, Nissos Heraclea, and Nissos Therassia, are being bought from Okeanis Eco Tankers Corp. The vessels are expected to be delivered during the remainder of the […]

  • NAT books 2 Suezmaxes at SHI

    23 September 2020
    Vessels

    Tanker owner Nordic American Tankers (NAT)  has entered into two 2 Suezmax newbuilding contracts with Samsung Heavy Industries in South Korea. The scheduled deliveries of the ships are in the first half of 2022. “The combination of specifications, quality of yard, price, payment terms and deliveries make this an attractive investment for NAT and is consistent […]

  • Shanghai Waigaoqiao Shipbuilding ushers in 2025 with first ship delivery

    6 January 2025
    Business Developments & Projects, Infrastructure, Vessels

    Chinese shipbuilder Shanghai Waigaoqiao Shipbuilding, part of China State Shipbuilding Corporation (CSSC), has delivered Seascout, a 114,000 dwt tanker newbuilding, to Greek shipping company Thenamaris.

  • Lower Rates Dent OSG’s Q1 Profit

    10 May 2017
    Business & Finance

    US-based oil tanker company Overseas Shipholding Group (OSG) had a challenging start of the year reporting a slashed net income of USD 5.4 million for the quarter ended March 31, 2017, compared to USD 50.7 million a year earlier. However, net income for the prior year period included income from discontinued operations from International Seaways […]

  • Fredriksen buys 4.6 million more shares in Euronav as arbitration over failed merger looms

    23 January 2023
    Business & Finance, Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Vessels

    Famatown Finance Limited, a company controlled by shipping magnate John Fredriksen, has acquired 4,653,000 additional shares in Belgian tanker shipping company Euronav. Together with related companies, Famatown holds 45,641,478 shares in Euronav or 22.62% stake. The move has brought Fredriksen close to the Saverys family’s stake of 25 pct in the tanker giant. This is […]

  • Ardmore Swings to Full-Year Loss

    7 February 2018
    Business & Finance

    Ardmore Shipping Corporation books a net loss of USD 12.5 million for 2017.

  • VLCCF – Sale of Vessel

    20 December 2007

    Knightsbridge Tankers Limited is pleased to announce that it has agreed to sell its 1995-built double hull VLCC tanker Chelsea for the net sale proceeds of approximately $99 million. Delivery to buyers is expected to take place in January 2008.

  • BIMCO: 500 days since last VLCC was sold to scrapyard

    28 October 2020
    Infrastructure, Vessels

    On 2 November 2020, it will be 500 days since the last very large crude carrier (VLCC) left active service when it went on its final journey from Jeddah to Bangladesh for dismantling, according to BIMCO, the world’s largest shipowner association.

  • Termination of Suezmax JVs Affects Euronav’s Profits

    28 July 2016
    Business & Finance

    Antwerp-based tanker owner and operator Euronav NV has recorded its first half of 2016 earnings at USD 153.7 million, against USD 173.2 million seen in the first half of 2015. Proportionate EBITDA for the same period was USD 298.6 million, compared to USD 316.1 million reached a year earlier. The decrease is mainly attributed to the termination of the joint […]

  • German Navy scares off Somali pirates

    22 April 2008

    According to the Japanese shipping company Nippon Yusen KK, the tanker Takayam was attacked early Monday morning by a small vessel off the northern Somali coast. The tanker began to lose fuel after being hit by a rocket, but it was still able to head towards Saudi Arabia.

  • Euronav Bounces Back to Profit, Selling Suezmax Quartet

    17 March 2016
    Business & Finance

    Antwerp-based tanker owner and operator Euronav NV has returned to full-year profit, recording USD 350 mln in earnings, against USD 45 million loss from 2014. For the fourth quarter the company recorded USD 104.8 million in profit, up from USD 3.9 million from the corresponding period in 2014.  “2015 was a landmark year for Euronav with the […]

  • Ardmore CEO Bullish for the Products Market

    27 October 2015
    Business & Finance

    Owner and operator of mid-size product and chemical tankers Ardmore Shipping Corporation reported a net profit of USD 13.6 million for the three months ended September 30, 2015, as compared to USD 0.1 million for the corresponding period in 2014. The company reported EBITDA of USD 24.5 million for the quarter, an increase of USD […]

  • Ardmore CEO Bullish for the Products Market

    27 October 2015
    Business & Finance

    Owner and operator of mid-size product and chemical tankers Ardmore Shipping Corporation reported a net profit of USD 13.6 million for the three months ended September 30, 2015, as compared to USD 0.1 million for the corresponding period in 2014. The company reported EBITDA of USD 24.5 million for the quarter, an increase of USD […]

  • EPS inks deals for four ammonia dual-fuel bulkers, two LNG dual-fuel tankers

    28 February 2024
    Business Developments & Projects, Infrastructure, Vessels

    Singapore-based ship management company Eastern Pacific Shipping (EPS) has signed contracts with subsidiaries of China State Shipbuilding Corporation (CSSC) in Shanghai for a total of six new environmentally friendly vessels.