10000 results found for 'tanker'

10000 results found for 'tanker'
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  • Gate terminal Expands to Handle Small LNG Vessels

    31 August 2016
    Business & Finance

    Gate terminal has expanded its LNG import facilities at the Massvlakte in Rotterdam to include a third berth and special infrastructure for the loading of small LNG vessels. These small LNG vessels will enable distribution to LNG terminals in other North Sea and Baltic ports where large LNG tankers cannot deliver LNG cargo directly, due […]

  • Update: United Kalavrvta Departing US Waters After 6 Months of Limbo

    28 January 2015

    The oil tanker United Kalavrvta, carrying 1 million barrels of Kurdish oil, is finally leaving US waters after Baghdad and the Kurds agreed to share the disputed oil revenue, Reuters reports. The tanker headed east on Tuesday across the Atlantic to Gibraltar, having spent six months idling off Texas coast as the legal dispute over the cargo ownership awaited solution. The […]

  • Greece still dominates shipping, China catching up

    14 June 2010

    Greece is still the largest shipping country in the world in terms of dry/bulk cargo and tanker fleet capacity, despite the growing presence of China which ranks third, just behind Japan. According to N. Cotzias statistics, Greece is the largest buyer for dry/bulk cargo ship and tankers, and occupies 22 percent of dry bulk/cargo ship […]

  • Stena Bulk sells two LNG tankers to BW LNG in bid to ‘build bridges towards a new era’

    26 March 2024
    Business & Finance, Business Developments & Projects, Infrastructure, Outlook & Strategy, Project & Tenders, Vessels, Vision

    Swedish tanker shipping company Stena Bulk has completed the sale of two LNG carriers to Norway-based gas shipping company BW LNG.

  • Samsung Heavy Orders Propulsion Systems from Kawasaki

    25 April 2013

    Kawasaki Heavy Industries, Ltd. announced on April 4 that it has received an order for propulsion systems for shuttle tankers to be used in an oilfield development project conducted in the Barents Sea by Statoil ASA, one of the world’s leading energy companies in oil and natural gas production based in Norway. The order comes […]

  • USA: Ships Charleston and Harvest Moon Collide in Houston Ship Channel

    14 December 2011

    According to the Coast Guard, a collision of a tanker and a cargo ship in the Houston Ship Channel was reported on Tuesday. The collision that took place north of Texas City Dike involved the 630-foot tanker, known as the Charleston, and the 623-foot cargo ship, Harvest Moon. Only minor damages were reported and the […]

  • Spotted: New Constant Joins CMES’ Ranks

    20 May 2016
    Business & Finance

    In a colorful arrival, China Merchants Energy Shipping (CMES) welcomed yesterday its new very large crude carrier (VLCC) New Constant. The vessel’s naming and delivery ceremony was held at Dalian Shipbuilding Industries’ shipyard.  The New Constant is a 319,000 dwt tanker, having a gross tonnage of 165,000 tons. The vessel features a length of 333 meters […]

  • Eurotankers Buys Second-Hand VLCC from MOL

    3 August 2016
    Business & Finance

    Greek shipping company Eurotankers has expanded its fleet of Very Large Crude Carriers (VLCCs) with a 2003-built tanker purchased from Japan’s shipping company Mitsui O.S.K. Lines, Ltd (MOL). According to data provided by VesselsValue, the second-hand vessel Kaminesan was bought for a price of USD 28.3 million, below the tanker’s market value of USD 30.3 million. Featuring a […]

  • China: COSCO Secures More Orders from Offshore Sector

    3 April 2013
    Business & Finance

    The Norwegian shipowner, Knutsen NYK Offshore Tankers (KNOT), recently finalized a deal for a 152,000-DWT DP2 shuttle tanker to be built by COSCO (Zhoushan) Shipyard. The vessel will be 276.3 metres in length, 46 metres in width and have a design draft of 17.5 metres. Additionally, COSCO (Zhoushan) has won another order to build a […]

  • Torm Expands Fleet with New Tonnage

    8 September 2017
    Business & Finance

    Danish shipping company TORM has expanded its fleet as it took delivery of two newbuilding MR2 chemical/product tankers. The vessels in question, which were bought as resales from Hong Kong-based Cido Shipping, were named Torm Sovereign and Torm Supreme. Each featuring 50,000 dwt, the tankers were purchased from Cido Shipping at a price of USD 32.5 million a piece, […]

  • Ocean Yield’s Profit Rises, Weaker Results Lie Ahead

    2 November 2018
    Business & Finance

    Ocean Yield delivered stronger net profit in the third quarter of 2018, but predicted weaker results ahead.

  • South Korea: HMD Cuts Steel for Sovcomflot’s Second LPG Carrier

    19 October 2012

    The steel-cutting ceremony for the second of two LPG carriers, ordered by Russian Sovcomflot (SCF Group), was held, Oct 15th, at the Hyundai Mipo Dockyard’s shipyard in Ulsan, South Korea. The tanker will be constructed under the supervision of two classification societies – Lloyd’s Register and Russian Maritime Register of Shipping. Russian manufacturers of navigation […]

  • IBIA: Bunker Ships to Gain from BWM Exemption in Local Areas

    25 May 2016
    Business & Finance

    As the ratification of the Bunker tankers (BWM) Convention approaches, the International Maritime Organization (IMO) is now considering whether to grant exemptions for vessels operating in a limited geographical area from the requirement to manage ballast water, rather than the current exemption provisions where each individual ship must make its case. This follows a proposal to define and […]

  • SVL UNITY Launched at Kherson Shipyard, Ukraine

    24 June 2013

    The 21st of June 2013 at Kherson Shipyard was marked with a launching ceremony of a tanker, project RST27, SVL UNITY, the third ship of the tanker series, being built by the shipyard for SVL Companies Group (Malta). The total cost of the contract exceeds USD 50 million. The vessel is intended for the sea […]

  • Russia: SCF Group Announces Financial Results for 9 Months of 2011

    9 December 2011
    Business & Finance

    SCF Sovcomflot (SCF Group) reported results for the nine month period ended 30 September 2011. SCF Highlights – Gross revenues USD 1,075.6 million (+ 7.9 pct) – Time charter equivalent (TCE) revenues USD 697.3 million (-3.5 pct) – EBITDA USD 361.0 million (-13.7 pct) – Net profit USD 46.6 million (-53.5 pct) – Debt to […]

  • Russia: Sovcomflot Net Profit Dips

    9 December 2011

    SCF Sovcomflot (SCF Group) reported results for the nine month period ended 30 September 2011. SCF Highlights – Gross revenues USD 1,075.6 million (+ 7.9 pct) – Time charter equivalent (TCE) revenues USD 697.3 million (-3.5 pct) – EBITDA USD 361.0 million (-13.7 pct) – Net profit USD 46.6 million (-53.5 pct) – Debt to […]

  • Citizen-Group Lawsuit Challenges US Coast Guard Approval of LNG Project

    22 December 2012

      Three citizen groups have sued the U.S. Coast Guard to challenge the agency’s April 2009, approval of a proposal for a liquefied natural gas terminal on the Columbia River in Warrenton, Oregon, and the LNG tanker traffic that would result on the river. Three citizen groups have sued the U.S. Coast Guard in federal […]

  • TEN Ends Best Second Quarter in Years with a Bang

    31 July 2015
    Business & Finance

    Athens-based owner and operator of tankers and LNG carriers Tsakos Energy Navigation (TEN) has wrapped up its best second quarter in seven years with a flurry of activity, purchasing four new vessels and chartering out five, as well as selling one suezmax and one handymax tanker. TEN bought two suezmaxes for a total price of USD 122 million and two VLCC […]

  • Fatal accident in Alang raises fresh concerns as Hong Kong Convention nears entry into force

    18 June 2025
    Authorities & Government, Environment, Safety, Vessels

    Just weeks ahead of the entry into force of the Hong Kong Convention (HKC) for the safe and environmentally sound recycling of ships, another accident has claimed the life of a shipbreaking worker in Alang, India—widely regarded as the world’s largest ship dismantling yard and one that asserts its compliance with the convention’s standards. According […]

  • Spotted: Garden State Sails Closer to Delivery

    18 July 2016
    Business & Finance

    Garden State, the ECO Class tanker being built for American Petroleum Tankers (APT) by General Dynamics NASSCO, set sail for trials along the coast of California on July 15. Following a series of tests, the Garden State will be back in NASSCO’s San Diego yard and ready for delivery later this month, the shipbuilder said. […]

  • Hyundai Heavy to Build VLGC Duo for Latsco

    23 October 2018
    Business & Finance

    Hyundai Heavy Industries received an order for two VLGCs from Greece-based Consolidated Marine Management.

  • TOP Ships Finds Work for Newcomer

    23 July 2015
    Business & Finance

    Owner and operator of tanker vessels TOP Ships Inc. has taken delivery of the M/T Ecofleet, a 39,000 dwt fuel efficient ECO MR product tanker, the third of six vessels under construction in the company’s fleet. The company also announced that the M/T Ecofleet has commenced its time charter employment with BP Shipping Limited. The remaining […]

  • Hyundai Samho Bags Suezmax Duo

    21 March 2016
    Business & Finance

    South Korean shipbuilding major Hyundai Samho Heavy Industries (HHI), a shipbuilding affiliate of Hyundai Heavy Industries (HHI), has secured an order for two Suezmax tankers from Arab Maritime Petroleum Transport Co (AMPTC), Asiasis said. The 159,000 DWT Long Range 3 (LR3) oil tankers, priced at around USD 130 million, are slated for delivery next year. The order comes on the back of the […]

  • Trafigura Concludes Charter Contract for TNG’s Dalmacija

    1 October 2018
    Business & Finance

    Trafigura terminates a time charter contract for Dalmacija with Tankerska Next Generation.

  • Subsea7 takes delivery of subsea control umbilical for Belinda project

    28 July 2025
    Business Developments & Projects, Collaboration, Equipment, Exploration & Production, Outlook & Strategy, Project & Tenders, Technology

    UK-based manufacturer of subsea and power cables, JDR Cable Systems, part of TFKable Group, has completed the manufacture and load-out of a 7.4-kilometer subsea control umbilical, including subsea umbilical termination assemblies (SUTAs), for Subsea7 as part of the Serica Energy-operated Belinda project. According to JDR Cable Systems, the umbilical was produced at JDR’s facility in […]