10000 results found for 'tanker'

10000 results found for 'tanker'
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  • Suezmax Tanker on Auction in Singapore

    30 March 2017

    Suezmax crude oil tanker Ambassador, which was arrested on January 19 in Singapore waters, has been put up for auction, according to Supreme Court of Singapore’s data.  The court’s data shows that the closing date for bids for the 153,000 dwt vessel is April 12, 2017. The net value of bunkers on board Ambassador is SGD […]

  • MacGregor in Tanker Equipment Swoop

    17 April 2015
    Business & Finance

    MacGregor has secured contracts to supply Pusnes bow loading systems for three newbuild shuttle tankers intended for operations in Brazilian waters. South Korean shipyard Sungdong Shipbuilding & Marine Engineering will install a Pusnes bow loading system on a 157,000 dwt Suezmax DP2 shuttle tanker ordered by the Greek tanker specialist Tsakos Energy and Navigation. The Greek […]

  • Tankers Lift Stolt-Nielsen

    1 October 2015
    Business & Finance

    Oslo-listed Stolt-Nielsen Limited reported USD 30.1 million net profit attributable to shareholders for the third quarter ended August 31, compared with a net profit of USD 14.6 million reported in the third quarter of 2014, mostly due to the company’s tanker segment – Stolt Tankers. Stolt reported revenue of USD 500.7 million in the third quarter of […]

  • Namegiving of Svithoid Product Tanker

    15 September 2006

    On September 15, 2006 the namegiving ceremony of the LMG34PT project product carrier took place at the shipyard owned by SRC Laevaremondi OU, Tallinn. The tanker was built to the order of the Swedish company Svithoid Tankers AB. The tanker hull was constructed at the III International Shipyard. The construct was signed in October 2004.

  • Singapore Puts Bunkering Tanker Up for Sale

    19 January 2018
    Business & Finance

    Bunkering tanker UE Star, which was arrested in November 2017, has been put up for auction in Singapore.

  • Tanker Market Fundamentals Improving

    7 August 2014
    Business & Finance

    Crude tanker spot rates in the second quarter of 2014 averaged approximately 20 to 30 percent higher compared to the same period of 2013, reflecting improving tanker market fundamentals and higher fleet utilization compared to the previous year, according to Tanker Investments Ltd. Since the beginning of the third quarter of 2014, Aframax and Suezmax spot […]

  • Scorpio Tankers firms up options for five ships, sells one MR tanker

    18 January 2024
    Vessels

    Monaco-based shipping company Scorpio Tankers has entered into an agreement to sell an MR product tanker, and has exercised the purchase options on five ships.

  • DryShips Offloads Tanker Fleet

    31 March 2015
    Business & Finance

    Owner and operator of ships DryShips Inc. has entered into firm sales agreements with entities controlled by the company’s Chairman and Chief Executive Officer, George Economou, to sell its four Suezmax tankers. The tanker fleet, comprised of Vilamoura, Lipari, Petalidi and Bordeira, is to be sold for an en-bloc sales price of USD 245 million. […]

  • CCNI Boosts Tanker Fleet

    12 March 2015
    Business & Finance

    Chile’s Compania Chilena de Navegacion Interoceanica (CCNI) has inked a Memorandum of Agreement (MOA) with Norden Shipping (Singapore) Pte.Ltd. for the purchase of two 50,000 DWT tankers. The tankers, intended for the transport of petroleum products and derivatives, are each priced at USD 36.5 million. The ships will be leased to the country’s energy coglomerate […]

  • Scorpio Tankers Slides into Red

    13 February 2017
    Business & Finance

    Monaco-based tanker owner Scorpio Tankers has plunged into a net loss of USD 29.7 million for the three months ended December 31, 2016, compared to a net income of USD 34.2 million seen in the same quarter a year earlier. The company’s revenue for the quarter also decreased to USD 106 million from USD 178.3 […]

  • Infograph: Tanker Sizes 101

    17 September 2014

    The global crude oil and refined product tanker fleet uses a classification system to standardize contract terms, establish shipping costs, and determine the ability of ships to travel into ports or through certain straits and channels, T. Mason Hamilton of U.S. Energy Information Association explains. This system, known as the Average Freight Rate Assessment (AFRA) […]

  • Green Bunkers launches to strengthen sustainable bunkering industry, drive green corridors development

    3 September 2025
    Business Developments & Projects

    Green Bunkers, the first platform in Spain to connect shipowners and charterers with fuel suppliers, has been launched.

  • Team Tankers Plunges into Red

    1 March 2017
    Business & Finance

    Due to a decline in charter rates and difficult market environment, Bermuda-based chemical tanker owner and operator Team Tankers International suffered a major drop in its full-year net results. Team Tankers saw a net loss of USD 13.1 million in 2016, compared to a profit of USD 455.4 million posted in 2015. During the fourth quarter […]

  • Demand for Tanker Newbuilds Subdued

    10 April 2015

    Newbuilding contracting of tankers has slowed in the first quarter of the year to the lowest levels recorded since 2012, according to McQuilling Services quarterly review of tanker orderbook. The marine transportation consultancy said that through March 52 orders have been placed, the bulk of which were Suezmax tankers, followed by the Aframax and LR1 […]

  • KNOP Snags Tanker Couple

    24 June 2014
    Business & Finance

    KNOT Offshore Partners LP (KNOP) has entered into agreements to purchase from Knutsen NYK Offshore Tankers AS all of the ownership interests in the companies that own and operate the shuttle tankers Hilda Knutsen and Torill Knutsen. The purchase price of the Hilda Knutsen is $166m, net of $109.6m of outstanding indebtedness related to the vessel. […]

  • Tsakos Fixes Suezmax Tanker

    2 December 2015
    Business & Finance

    Athens-based tanker owner and operator Tsakos Energy Navigation (TEN) has entered into a long-term charter agreement for a suezmax tanker with an undisclosed company. The contract is scheduled to start in December 2015 upon the completion of the vessel’s current voyage. Tsakos expects that the charter will generate approximately USD 18.5 million in total gross revenues. “This accretive […]

  • Demand for Tankers Outstripping Supply

    15 December 2014
    Business & Finance

    Stronger freight rates in the tanker market may bring about some positive trends for the first quarter of 2015, if lower oil prices can continue to generate higher demand for product tankers, BIMCO said. The stronger freight market has been attributed to the supply side, in particular the newbuilding side of it, because the crude […]

  • Maersk sells tanker business

    20 September 2017

    Following a recent deal to sell its oil business, Danish shipping giant Maersk has now reached an agreement to sell its Maersk Tankers unit. The company said on Wednesday it would sell the shares in Maersk Tankers to APMH Invest A/S (APMHI) for USD 1,171 mill. on a debt and cash-free basis. APMHI is a […]

  • Scorpio Tankers Pounces on Newbuildings

    11 November 2014
    Business & Finance

    Tanker owner Scorpio Tankers has reached an agreement to purchase two LR2 product tankers currently under construction at Daewoo Shipbuilding and Marine Engineering Co., Ltd. (DSME) for approximately USD 60 million each. These vessels are expected to be delivered in January 2015. Scorpio has not revealed the name of the seller. The company has also taken delivery […]

  • New CEO at Teekay Tankers

    28 May 2014
    Business & Finance

    Teekay Tankers Ltd. has announced the appointment of Mr. Kevin J. Mackay as Chief Executive Officer (CEO) of Teekay Tankers, effective June 20, 2014. Mr. Mackay will join Teekay Tankers from Phillips 66 Corporation, where he is currently head of the global marine business unit for this industry-leading downstream company. Teekay’s new CEO said, “Teekay Tankers […]

  • Product Tanker Giant Is Created

    18 January 2019
    Business & Finance

    BW Tankers Limited and Hafnia Tankers have completed their merger.

  • Bunker One Expands to Caribbean with Bunker Tanker Waltz

    30 May 2019

    The vessel is starting operations in Freeport, the Bahamas, on June 1.

  • Scorpio Tankers Buys Back

    29 May 2015
    Business & Finance

    New York-listed Scorpio Tankers Inc. authorized a new securities buyback program to purchase up to an aggregate of USD 250 million of the company’s common stock and bonds. The program includes convertible senior notes due 2019, unsecured senior notes due 2020 and unsecured senior notes due 2017, which were issued in October 2014. This program replaces the company’s stock buyback […]

  • Simulated Oil Tanker, Benzene Chemical Tanker Collision in Tampa Bay

    6 June 2006

    In light of recent natural and man-made disasters the ability to quickly respond is becoming more urgent than ever. Emergency response teams, rescue units, police and firefighters all need crucial and timely data to perform their jobs when time is of the essence and lives are on the line. By creating interoperability between systems this […]

  • Scorpio Tankers Plunges into Loss

    18 September 2017
    Business & Finance

    Monaco-based tanker owner Scorpio Tankers delivered a net loss of USD 68.3 million for the three months ended June 30, 2017, against a net income of USD 3.8 million seen a year earlier. The company’stime charter equivalent (TCE) revenue dropped to USD 117.5 million from USD 136.7 million reported in the same three-month period in […]