10000 results found for 'tanker'

10000 results found for 'tanker'
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  • CST Buys 20Pct Interest in Shanghai Beihai

    23 June 2014
    Business & Finance

    China Shipping Tanker (CST), a wholly-owned subsidiary of the China Shipping Development (CSD) Company, has signed an Equity Transfer Agreement with Sinochem International Corporation for the purchase of 20% interest in Shanghai Beihai Shipping (SBS). The total value of the deal is $132.9m. “The acquisition represents a strategic expansion of the group to further entrench its position […]

  • Fresh Barents Sea oil find offers tie-in opportunity for Equinor

    30 June 2025
    Business Developments & Projects, Exploration & Production, Project & Tenders

    Norwegian state-owned energy giant Equinor has made an oil discovery in the proximity of a field it operates in the Barents Sea using a rig owned by Switzerland-based offshore drilling contractor Transocean.

  • Navig8 Boosts Ranks

    14 January 2015
    Business & Finance

    Two chemical tankers and two dry bulk carriers have joined Navig8 Group’s shipping pools in January.  The 2008-built, 13,946 cbm chemical tanker Ocean Cerise joined the Taras8 Pool on January 16, while the 2015-built, 44,301 cbm Ardmore Dauntless entered the Delta8 pool on January 12. The Supra8 pool was bolstered with two additional dry bulk carriers. The 2009-built, 53,462 dwt Melos and […]

  • 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 […]

  • Two Dead in Tank Inspection Accident in Shenzhen

    8 September 2015
    Business & Finance

    Two men died and one is receiving hospital treatment for hypoxia in Shenzhen after reportedly succumbing to oxygen starvation in a tank of the China-flagged tanker Jin Wang You 9 on September 7, according to local media. Two crewmen of the 2,000 dwt tanker, anchored at the Port of Shenzhen, reportedly went to check up on one of their colleagues who […]

  • Bad weather blights Bentley

    7 December 2010

    Operator Xcite Energy has disclosed that bad weather is continuing to hit its plans to test the UK Bentley heavy oil field. Although a shuttle tanker, the Betty Knutsen is ready to offload oil produced during a planned test on the UK Northern North Sea 9/3b-6z sidetrack well, Xcite said today that the tanker is […]

  • Delivery of Stena Perros from Brodosplit

    6 December 2007

    Today Concordia Maritime’s product tanker Stena Perros will be delivered from Brodosplit Shipyard, Croatia. The vessel has been signed to a 5-year time charter with the French oil and energy company TOTAL to transport refined products. The Stena Perros, a so-called P-MAX tanker, is the sixth in a series of ten units ordered. The Stena […]

  • France: LNG SOKOTO to Enter Damen Shiprepair Brest Drydock

    30 August 2012
    Business & Finance

    Damen Shiprepair Brest (France) received her first firm booking for the drydocking, maintenance and repair of an LNG carrier. The Bonny Gas Transport-owned, 79,822 DWT ‘LNG SOKOTO’ will arrive at the yard end of August for maintenance work, including drydocking. Jos Goris, managing director of Damen Shiprepair Brest, says: “We are very pleased with this […]

  • Ocean Yield Invests into New Suezmax

    9 June 2017
    Business & Finance

    Norwegian ship owner Ocean Yield ASA has purchased a new Suezmax tanker with 14-year bareboat charter to a company owned and guaranteed by Okeanis Marine Holdings SA. Being bought for a consideration of USD 54 million, the 2017-built tanker will be delivered to Ocean Yield within June 2017. The vessel in question is the 157,500 dwt Poliegos, […]

  • Ardmore Adds Three More

    8 April 2015
    Business & Finance

    The Marshall Islands-incorporated tanker operator Ardmore Shipping Corporation has taken delivery of three more newbuildings after January 6 and the delivery of the Ardmore Cherokee. In February 2015, Ardmore took delivery of the Ardmore Dauntless and the Ardmore Defender, from the Hyundai Mipo Dockyard in Korea. The Ardmore Dauntless, a 37,764 dwt product and chemical tanker, was delivered to Ardmore on […]

  • Fure West bunkers LNG in port of Amsterdam

    24 November 2016
    Vessels

    Furetank Rederi said that its LNG-fueled product tanker Fure West bunkered liquefied natural gas for the first time in the port of Amsterdam.

  • Norden had its best first quarter since 2015

    6 May 2020
    Business & Finance, Business Developments & Projects, Infrastructure, Market Outlooks, Outlook & Strategy, Vessels

    Although the first quarter of this year was characterised by weak spot rates in dry cargo and strong spot rates in tankers, Danish shipping company Dampskibsselskabet Norden A/S delivered an adjusted result of $29 million, compared to $7 million seen in Q1 2019.

  • New VLCCs Drive Bahri’s Profit Surge

    18 April 2016
    Business & Finance

    National Shipping Company of Saudi Arabia (Bahri) has seen a rise in its profits in the first quarter of 2016, as the company recorded a net profit of SAR 611.9 million (USD 163.2 million) in the first three months of the year. The company’s net profit jumped by 53% compared to the same period a year earlier when it reached […]

  • Titan LNG Wraps Up 1st STS LNG Bunkering in Port of Ghent

    20 November 2019
    Business & Finance

    Dutch LNG supplier Titan LNG has completed the first ship-to-ship LNG bunkering in the Port of Ghent, Belgium.

  • Strong Product Market Spot Earnings Spur Hafnia’s Profit Surge

    15 March 2016
    Business & Finance

    The best product tanker market spot earnings since 2009 combined with a larger fleet contributed to Hafnia Tankers’ profit for the twelve months ended December 31, 2015 worth USD 59.6 million, a major recovery from USD 2.3 million reported in 2014. The book value of the fleet, including newbuilds, as of December 31, 2015 was USD […]

  • Euronav Returns to Black, Expects Further Freight Rate Recovery

    24 January 2019
    Business & Finance

    Euronav reported a net profit of USD 0.1 million in the fourth quarter of 2018, tapping into the market recovery.

  • TEN Extends Charter for LNG Carrier at Higher Rate

    6 December 2019
    Business & Finance

    Tsakos Energy Navigation extends a charter contract of one of its LNG carriers at a higher rate.

  • Frontline Extends Options for Trafigura’s Two Suezmaxes

    13 September 2019
    Business & Finance

    The option for the first option Suezmaxes was extended to September 18.

  • New Measures against Oil Pollution Effective from October

    4 August 2016

    The latest amendments to the MARPOL Annex I for the prevention of oil pollution are scheduled to come into effect on October 1, 2016, according to Marine Department of the Government of Hong Kong. The amendment regulation states that oil residue (sludge) tank for machinery space should be provided with a designated pump for disposal of the oil residue and […]

  • Scorpio Ordering Spree Continues

    14 October 2013

    Scorpio Tankers Inc. has exercised options to construct two Very Large Gas Carriers (VLGC) in South Korea. The company also took delivery of the twelfth vessel under its newbuilding program, STI Ville. The company has exercised options it held with Hyundai Samho Heavy Industries for the construction of two VLGC for approximately $75.0 million each. […]

  • Celsius Shipping on the Rise

    11 April 2014
    Business & Finance

    Monaco-based Celsius Shipping has increased its current orderbook for 24,600 dwt stainless steel chemical tankers to ten firm vessels. Celsius and Nantong Mingde Heavy Industry recently signed a contract for the construction of seven more 24,600 dwt chemical tankers with options for additional four. However, the company didn’t want to comment, other than to say that the […]

  • Winning Shipping Acquires Capesize Duo

    17 January 2017
    Business & Finance

    China’s Winning Shipping has purchased two Capesize bulk carriers from South Korea’s shipping company Dong-A Tanker (DAT), according to data provided by VesselsValue.  The vessels in question are the 179,600 dwt Dong-A Leto and the 179,200 dwt Dong-A Ether and they were bought for USD 21.85 million and USD 24.65 million, respectively. Market value of Dong-A Leto currently […]

  • UK’s Grain LNG terminal to get reloaded cargo from Belgium

    17 June 2016
    Vessels

    Chevron’s Asia Vision LNG tanker is set to deliver a reloaded cargo of the chilled fuel to UK’s Grain LNG terminal, located on the Isle of Grain, Kent. The 160,000-cbm tanker is currently loading a cargo of previously imported LNG at Fluxys-operated Zeebrugge LNG terminal. The ship will depart from Zeebrugge during the day and is expected […]

  • Scorpio Places Order for Up to Ten VLGCs

    3 July 2013

    Scorpio Tankers Inc. has reached agreements with two yards in Korea to construct a minimum of 5 and up to 10 newbuilding vessels designed for the carriage of liquefied petroleum gas (LPG). Also, the Company announced today that it has taken delivery of its ninth Newbuilding MR product tanker, STI Le Rocher. Emanuele Lauro, chief […]

  • Drewry bullish on methanol’s role in decarbonizing shipping

    5 July 2021
    Outlook & Strategy, Transition, Vessels

    UK-based shipping consultancy Drewry expects half of the vessels ordered after 2025 to have dual-fuel engines, with a large percentage using methanol as marine fuel. Methanol is viewed as a good replacement for traditional marine fuels due to its potential to reduce GHG emissions since it doesn’t contain NOx and Sulfur and PM emissions are […]