10000 results found for 'tanker'

10000 results found for 'tanker'
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  • Teekay Sells Last VLCC for USD 62 Mn

    24 June 2016
    Business & Finance

    Amid an increase in the sale and purchase activities related to the tanker segment, Teekay Corporation has agreed to sell its last Very Large Crude Carrier (VLCC) for a price of USD 62 million, according to data provided by VesselsValue. Namely, the 2011-built Shoshone Spirit was sold to Greek Pantheon Tankers Management, a company which operates a fleet […]

  • Readers’ Picks of the Week (3-7 of August)

    9 August 2015
    Business & Finance

    Boxships Collide in Port Klang Two container ships collided while one of the vessels was performing berthing maneuvers in Westport harbor at Port Klang, Malaysia, on August 1, according to local media…. Read more Video: MSC Zoe Arrives in Hamburg Mediterranean Shipping Company (MSC) christened its third ‘Oscar Class,’ 19,224 TEU container ship – MSC […]

  • France: GDF Suez LNG Workers Still on Strike

    20 April 2012

    As informed by Reuters, the strike staged by workers at GDF Suez LNG terminals, situated in southern and western France, continues today as well. Namely, work on all the terminals is completely suspended, resulting in delays in unloading schedule and even forcing certain tankers to divert to other terminals. This was the case with the […]

  • Iran in Talks to Build LNG Carriers

    14 January 2016
    Business & Finance

    Iran seems to be losing no time with the preparations for the post-sanction era which seems to be ever closer. Namely, the country is in talks with European counterparts Belgium, France and Germany on construction of liquefied natural gas (LNG) tankers, PressTV reports citing Managing Director of the National Iranian Tanker Company Ali Akbar Safa’ee. […]

  • OSG to spin off its international unit

    18 July 2016

    New York City-based Overseas Shipholding Group on Friday said it intends to spin off its international business that includes four ownership interests in four liquefied natural gas carriers.

  • Louisiana Offshore Port Tests VLCC Loading

    14 February 2018
    Business & Finance

    Louisiana Offshore Oil Port LLC (LOOP) launches test loading of a very large crude carrier (VLCC).

  • Norden Seals Financing for Its USD 1Bln Fleet Renewal

    19 December 2014
    Business & Finance

    Danish shipping company Norden said that it has secured three new credit facilities, worth a total of USD 187 million. Two loans have been agreed with Scandinavian banks and the remaining one with a Japanese bank. The said financing puts USD 433 million of undrawn credit facilities at Norden’s disposal, the company added. The new credit facilities will be used for partial […]

  • Ardmore Adds One MR

    27 May 2014
    Business & Finance

    Ardmore Shipping today announced the acquisition of a 49,997 Dwt Eco-design product and chemical tanker built in July 2013 at STX Offshore & Shipbuilding Co. Ltd., South Korea, for a purchase price of $36 million. The vessel is expected to deliver to Ardmore between July 1st and August 31st 2014, and is intended to be […]

  • Kherson Shipyard: SVL Unity Starts Sea Trials (Ukraine)

    12 August 2013

    Kherson Shipyard (Ukraine), managed by Smart Maritime Group (SMG), started, on Aug 9th, sea trials for the recently launched river-sea tanker of the project RST27, the SVL Unity. The vessel, third of the tanker series being built for SVL, is intended for the sea and combined river-sea transportation of crude oil and oil products, including […]

  • BW LPG Praises Its Crew for “Serious and Damn Good Seamanship” following Pirate Attack

    11 December 2018
    Business & Finance

    BW LPG revealed that the crew of its LPG carrier BW Frigg thwarted a pirate attack on October 29.

  • Hunter Nets USD 220 Mln Loan to Finance VLCC Newbuilds

    21 February 2020
    Business & Finance

    Hunter Tankers AS secures USD 220 million loan facility.

  • Sino-Global Broadens Ownership Scope

    27 January 2015
    Business & Finance

    New York-based shipping agency Sino-Global Shipping America has broadened its ownership scope with the signing of a deal for its first tanker.  The company has entered into a Memorandum of Understanding (MoU) with Hong Kong corporation Rong Yao International Shipping Limited to acquire a second-hand small oil/chemical tanker. The purchase price for the vessel is said to […]

  • N2Tankers Aframax Pool Gets Underway

    6 November 2018
    Business & Finance

    Reederei Nord and Synergy Group have launched a new Aframax tanker pool.

  • CEO: TEN Well Positioned for Market Upturn with 65-Strong Fleet

    13 March 2018
    Business & Finance

    Despite a difficult tanker market Greek tanker shipping company TEN ended the year in the black.

  • MPA Singapore invites applications for methanol bunkering license

    26 March 2025
    Business Developments & Projects, Green Marine, Infrastructure, Ports & Logistics

    Following the finalization of the methanol bunkering licensing framework and standards, the Maritime and Port Authority of Singapore (MPA) has opened applications for licensees to supply methanol as a marine fuel in Singapore.

  • GEM Receives Second Aframax Vessel from Samsung Heavy, South Korea

    11 February 2013
    Business & Finance

    Gulf Energy Maritime (GEM) continues to expand its fleet to better serve its regional and international customers with the delivery of Gulf Valour, its second Aframax vessel. After two months since the delivery of Gulf Vision, their first Aframax vessel, GEM received Gulf Valour, which was also built by Samsung Heavy Industries. Standard Chartered arranged […]

  • Bergen Viking to Run on Gas Powered Engines

    5 June 2013

    Rolls-Royce Plc has won a contract to convert the merchant ship Bergen Viking to run on engines powered by natural gas, replacing the current diesel engines. The Norwegian ship owner Bergen Tankers AS has chosen gas engines and accompanying systems from Rolls-Royce for this upgrade, to provide a more environmental friendly and fuel efficient ship. […]

  • Stolt-Nielsen’s Earnings in Line with Expectations

    31 January 2017
    Business & Finance

    Oslo-listed shipowner Stolt-Nielsen has reported a net profit of USD 113.2 million for 2016, down from the net profit of USD 133.1 million seen in the previous year. The company’s revenue for the full year stood at USD 1.87 billion, compared with a revenue of USD 1.98 billion in 2015. For the fourth quarter ended November 30, […]

  • Russia’s Novatek delivers two Yamal LNG cargoes via NSR to China

    19 July 2018
    Vessels

    Russia’s largest independent natural gas producer, Novatek said Thursday it delivered its first cargoes of liquefied natural gas from the Yamal LNG project to China via the Northern Sea Route. As previously reported by LNG World News, the 172,000-cbm ice-class LNG carriers Vladimir Rusanov and Eduard Toll left the Yamal LNG port in Sabetta end-June. […]

  • China Shipbuilding Boasts USD 4.2 Billion Deals Galore

    6 December 2019

    China Shipbuilding Corp has been on a roll over the past week bringing its orderbook to over USD 4.2 billion.

  • BIMCO: Shipbuilding orderbook hits 17-year low

    7 August 2020
    Business Developments & Projects, Vessels

    The total orderbook for dry bulk, container and tanker ships has reached its lowest point in 17 years as Covid-19 massively slowed contracting (-50%), BIMCO’s data shows. However, deliveries of new vessels have proved more resilient (-2%), as shipyards work through lockdowns to meet their delivery schedules and remain busy. The orderbooks for dry bulk […]

  • MOL, Partners Pen MR Pool Deal

    11 November 2014
    Business & Finance

    Mitsui O.S.K. Lines (MOL), Asahi Tanker Co., Ltd., Ultranav International S. A., and OSG International, Inc, Ltd. have signed an agreement governing the formation of a new mdium range product tankers (MR) pool, MOL announced. The new pool named “Clean Products Tankers Alliance” will operate a combined fleet of around 60 MR vessels, ranging from 45,000 to […]

  • Spotted: Nevsky Flaunts Its Largest Ship

    31 May 2016

    In today’s spotted we bring you the Academician Pashin – the first tanker built for the Russian Navy since the end of the Soviet Union. The vessel was launched at Nevsky Shipyard on May 26. Nevsky says Academician Pashin is the biggest vessel ever launched at this shipyard. Its construction was carried out in accordance with the state contract for the […]

  • Sovcomflot Reports 2013 Results

    21 March 2014
    Business & Finance

    Despite another challenging year for the international tanker industry, Sovcomflot maintained operating profitability and made good progress in implementing its strategy to develop and grow in the key gas and offshore sectors. 2013 Highlights Gross revenue: USD 1,262.8 million (2012: USD 1,353.0 million) EBITDA: USD 382.1 million (2012: USD 406.1 million) Net loss: USD 39.2 million […]

  • Aegean Starts Bunkering Operations in Gulf of Mexico

    23 December 2014
    Business & Finance

    Athens-based marine fuel logistics company Aegean Marine Petroleum Network Inc. is starting immediate marine fuel supply operations in the Gulf of Mexico. In support of its operations the company has also assumed the contracts for two ocean-going bunkering tankers previously under charter to OW Bunker and expects to purchase the fuel on-board. E. Nikolas Tavlarios, President […]