10000 results found for 'tanker'

10000 results found for 'tanker'
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  • Overseas Shipholding Group to Split Up Domestic and International Businesses

    18 July 2016
    Business & Finance

    NYSE-listed Overseas Shipholding Group (OSG) has filed a registration statement on Form 10 with the US Securities and Exchange Commission in connection with the tanker company’s previously announced plan to separate its international and domestic businesses. OSG expects that any separation would be achieved through a spin-off of OSG International, Inc. in the second half […]

  • Torm Is On a Roll

    3 August 2017
    Business & Finance

    Danish carrier of refined oil products Torm is resuming its shopping spree with a purchase of two high-specification MR resale vessels. The two 50,000 DWT vessels are currently under construction at the Korean yard Hyundai Mipo and will be delivered to Torm later this quarter, the company said. The product tanker company added it already […]

  • LNG bunkering ship Optimus in Estonia’s 1st STS bunkering op

    9 November 2021
    Business Developments & Projects, Infrastructure, Operations & Maintenance, Vessels

    Finnish-Baltic LNG bunkering service provider Elenger Marine has wrapped up the first ship-to-ship LNG bunkering operation in Estonia with its newbuild ship Optimus.

  • Novatek to sell stake in transshipment business to Total

    28 April 2021
    Business Developments & Projects, Project & Tenders

    Russia’s largest independent natural gas producer Novatek has signed heads of agreement to sell a 10 per cent stake in its LNG transshipment business to France’s Total.

  • Wisdom Marine Orders Bulk Carrier Duo in Japan

    8 September 2016
    Business & Finance

    Taiwan’s shipping company Wisdom Marine Lines has placed an order for two Ultramax bulk carriers at Japanese shipyard Imabari Shipbuilding, according to data provided by VesselsValue. The two ECO bulkers, which would feature 63,000 dwt, are scheduled to join their new owner in 2019. The company ordered the vessels under a contract valued at USD 48 […]

  • Dorian LPG Takes Over Scorpio VLGC Contracts

    29 October 2013

    Dorian LPG Ltd. has entered into an agreement with Scorpio Tankers Inc. whereby Scorpio will contribute its entire Very Large Gas Carrier (VLGC) newbuilding contracts, together with a cash contribution of $1.9 million, in exchange for newly issued shares representing 30% of the company’s pro-forma outstanding shares immediately following the transaction. As of the date […]

  • Qatar Shipping Secures USD 425 Mln Loan for Four LNG Carriers

    23 January 2014
    Vessels

    Qatar Shipping, a subsidiary of Qatar Navigation, said it has received a 12-year, $425 million loan from a consortium of international banks. The loan will be used to refinance existing debt facilities on four LNG tankers – Fuwairit, Lusail, Al Thakhira and Al Deebel, the company said in a statement. The LNG tankers are all […]

  • Picture of the day: ship-to-ship LNG bunkering at Port of Gothenburg

    5 September 2016
    Vessels

    The LNG-powered chemical tanker, Ternsund over the weekend bunkered liquefied natural gas at the entrance to the Port of Gothenburg, at a protected location, just off the island of Fotö.

  • Scorpio Sells Seven VLCC Newbuildings

    14 March 2014
    Business & Finance

    Scorpio Tankers Inc. has entered into an agreement to sell its seven Very Large Crude Carriers (VLCCs) under construction for cash and record a gain of approximately $50 million. This transaction is subject to the execution of definitive agreements and satisfaction of customary closing conditions and is expected to close by the end of March […]

  • Teekay Corp Remains in Red

    18 May 2017
    Business & Finance

    Bermuda-headquartered shipping company Teekay Corporation reported consolidated GAAP net loss attributable to shareholders of USD 45.3 million, and consolidated adjusted net loss of USD 35.7 million in the first quarter of 2017. The net loss edged down when compared to the corresponding period when the corporation booked USD 48.7 million loss, but is considerably higher […]

  • USA: Diamond S Shipping Acquires 30 Medium-Range Refined Product Carriers

    1 August 2011
    Business & Finance

    Diamond S Shipping announced today that it has entered into a definitive agreement to acquire 30 medium-range refined product carriers to add to its fleet of ten tankers under construction in Korean shipyards. The 30 product carriers and related charters are being purchased from Cido Tanker Holding Co. under a definitive agreement which is scheduled […]

  • Summer Lull Not Over Yet for Newbuilds

    25 August 2014
    Business & Finance

    The summer lull that took over the newbuilding market is not over yet, as prices for new ships are forecast to continue to soften, according to London-based shipbroker Gibson. The dowturn has stricken the tanker product orderbook the strongest, as explained by Gibson, with Tsakos Energy’s order for two +two LR1s announced earlier this month […]

  • TotalEnergies, CMA CGM unveil LNG bunkering logistics JV for ARA region

    23 July 2025
    Collaboration, Outlook & Strategy, Transition, Vision

    French energy major TotalEnergies and compatriot shipping and logistics company CMA CGM Group have entered into an agreement to develop a 50/50 logistics joint venture dedicated to the implementation and operation of a liquefied natural gas (LNG) bunker supply solution at the Port of Rotterdam, the Netherlands.

  • All eyes on Russia’s fleet as crude oil price cap, OPEC+ cut perpetuate tanker markets’ volatility

    5 December 2022
    Authorities & Government, Business & Finance, Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Regulation & Policy

    Uncertainty and volatility continue to cast a shadow over the oil and tanker market as December 5 deadline for the oil price cap for Russian oil expires. Today, all eyes are set on Russia to see what vessels will be loaded and where they would head as Moscow defines its steps in response to the […]

  • CMB seeks dismissal of Euronav’s Supervisory Board members

    17 January 2023
    Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Outlook & Strategy, Vessels

    Euronav’s shareholder Compagnie Maritime Belge NV (CMB) is asking for the dismissal of all five members of the tanker giant’s Supervisory Board following the failed merger with Frontline. The company has issued a request to Euronav requesting for a special general meeting of the Supervisory Board as soon as possible. The agenda of the meeting […]

  • COVID-19 hinders Nordic Shipholding’s merger talks

    27 August 2020
    Business & Finance, Business Developments & Projects

    Discussions on a potential merger between Danish shipowner Nordic Shipholding and an unidentified tanker firm have been delayed due to the impact of COVID-19 pandemic, the company said. “The majority shareholder of the company had commenced merger discussions with a potential entity since late 2019. However, these merger discussions have stalled due to the diminished financial […]

  • V.Ships: Kidnapped Seafarer Received Medical Help from Pirates

    27 January 2020

    A kidnapped seafarer of MV Duke was provided with medical help by pirates but they did not manage to save him.

  • CSET sets up new entity focused on LPG shipping and hydrogen

    11 December 2024
    Business & Finance, Business Developments & Projects, Green Marine, Outlook & Strategy

    China’s tanker major COSCO Shipping Energy Transportation (CSET) has established a new subsidiary centered around LPG fleet development and hydrogen-based new energy business.

  • Chita LNG terminal receives 3,500th cargo

    8 June 2015
    Vessels

    Chubu Electric Power and Toho Gas jointly operated Chita LNG terminal in Chita City received its 3,500th LNG tanker, the Al Zubarah from Qatar.

  • Chita LNG terminal receives 3,500th cargo

    8 June 2015
    Vessels

    Chubu Electric Power and Toho Gas jointly operated Chita LNG terminal in Chita City received its 3,500th LNG tanker, the Al Zubarah from Qatar.

  • Construction starts on ‘world’s first’ methanol dual-fuel intelligent VLCC

    12 November 2024
    Collaboration, Green Marine, Outlook & Strategy, Vessels

    Dalian Shipbuilding, in partnership with China Shipbuilding Industry Corporation, has started constructing what is said to be the “world’s first” methanol dual-fuel intelligent very large crude carrier (VLCC) for China Merchants Energy Shipping (CMES).

  • First Order for MHI-MME’s Next-Generation Eco Engine

    28 May 2014
    Business & Finance

    The first order for UEC50LSH-Eco low-speed marine diesel engine being developed by Mitsubishi Heavy Industries Marine Machinery & Engine Co., Ltd. (MHI-MME) was placed with Kobe Diesel Co., Ltd., a licensee of Mitsubishi UE engine technology located in Hyogo, Japan. The advanced low-fuel-consumption engine will ensure high efficiency even during slow steaming, and will be […]

  • Orkim Harmony Still Missing, Search Underway

    12 June 2015
    Business & Finance

    The Malaysian Maritime Enforcement Agency (MMEA) and the Indonesian Navy have deployed patrol boats to search for Orkim Harmony, a Malaysia-flagged product tanker that went missing on June 11. Orkim Harmony is carrying 6,000 metric tonnes of ULG 95 (petrol) and has crew comprising Indonesians, Malaysians and Myanmar nationals on board. Piracy watchdog ReCAAP ISC received […]

  • Russia: Sovcomflot Acquires Four New Product Carriers

    17 February 2012
    Business & Finance

      Sovcomflot (SCF Group) agreed a further joint project with Glencore International AG to own, operate and manage four coated LR1 type product tankers (74,000 tonnes DWT). The vessels “SCF Plymouth”, “SCF Pacifica” and “SCF Pearl” built in 2011 at Hyundai Mipo Dockyard Co (South Korea) will immediately be managed by the joint venture. The […]

  • China: SF Shipyard Looks to Recruit New Vessel and Marine Engineers

    21 November 2011

    A job fair especially launched for vessel and marine engineers was held in the gymnasium of Jiangsu University of Science and Technology on November 3, 2011. Taizhou Sanfu Ship Engineering Co., Ltd is a robust large-scale ship-building company. The shipyard is capable of building a great variety of Bulk Carriers, Container Vessels, MPC Vessels, and […]