10000 results found for 'tanker'

10000 results found for 'tanker'
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  • Maersk Tankers Sale Wrapped Up

    11 October 2017
    Business & Finance

    Danish shipping and energy conglomerate A.P. Møller – Mærsk A/S (APMM) has completed the sale of its tanker business Maersk Tankers A/S to one of its subsidiaries APMH Invest A/S. “Today, the sale has been completed and the shares in Maersk Tankers A/S have been transferred to APMH Invest A/S,” the group said in an […]

  • Greece Keeps the Lead in Tanker Ordering

    22 October 2015

    Despite a substantial fall in overall ordering this year, tanker contracting has been robust with 207 ships of 16.6m GT reported of being ordered so far this year, which is already above full year 2014 in terms of GT, according to data released by London-based Clarksons. Greece remained on top of the ordering chain, having […]

  • Knutsen Sells Suezmax Shuttle Tanker

    3 November 2016
    Business & Finance

    Norwegian shipowner Knutsen NYK Offshore Tankers, a company established by Knutsen and Nippon Yusen Kaisha, has reached an agreement to sell its 2015-built Suezmax shuttle tanker for a price of USD 116.5 million, according to data provided by VesselsValue. Featuring a length of 276.3 meters and a width of 46 meters, the Raquel Knutsen was sold to […]

  • Tanker Hijacked by Migrants Reaches Malta

    28 March 2019

    A tanker which was hijacked by migrants in Libyan waters has arrived at a port in Malta.

  • Teekay Tankers in Share Buyback Move

    15 September 2017
    Business & Finance

    Bermuda-based shipping company Teekay Tankers has announced a share repurchase program for the buyback of up to USD 45 million of the company’s shares.  “During this period of weaker tanker rates, one of our key priorities remains strengthening our balance sheet by further reducing financial leverage and increasing liquidity,” Kevin Mackay, Teekay Tankers’ President and CEO, explained. […]

  • Teekay Tankers’ CEO to Resign in June

    14 January 2014
    Business & Finance

    Teekay Corporation and Teekay Tankers Ltd. announced that Bruce Chan, Chief Executive Officer of Teekay Tankers and President of Teekay Tanker Services, has informed the Company of his intention to resign from his position effective June 20, 2014 after more than 18 years of service with the Company.  Peter Evensen, Teekay’s President and Chief Executive […]

  • VIDEO: US Coast Guard Medevacs Tanker Captain

    8 August 2014

    A U.S. Coast Guard helicopter crew evacuated the captain of a tanker approximately 50 miles offshore of Corpus Christi, Texas, Wednesday morning. Watchstanders at the Coast Guard Sector Corpus Christi command center were notified Tuesday at approximately 4:30 p.m. that the 50-year-old captain of the Weser, a 422-foot oil and chemical tanker vessel, was experiencing severe […]

  • Q-Ship takes delivery of fourth tanker

    26 January 2006

    The Qatar Shipping Co recently took delivery of MT Umlma, the fourth newly built tanker from the series of six 105,000 deadweight ton vessels being constructed by South Korea’s Hyundai Shipyard

  • Tanker Ordering Frenzy Winding Down

    23 June 2015
    Business & Finance

    Tanker newbuilding activity in the second quarter of the year is showing signs of slowing down compared to the first quarter, though the market remains ”robust in terms of numbers,” the London-based shipbroker Gibson said in its tanker report. The first quarter of the year saw the highest tanker newbuilding activity since 2007, but the second […]

  • Steady Sailing for Scorpio Tankers

    30 July 2014
    Business & Finance

    Scorpio Tankers Inc. had a net loss of $0.6 million, or $0.00 basic and diluted loss per share, according to the shipper’s first quarter results.   The company’s fleet expanded for 12 vessels, as it took delivery of four vessels (one LR2, two MR, and one ice-class 1A Handymax) in July 2014 and eight vessels […]

  • Scorpio Tankers Swaps Handymaxes for MRs

    24 August 2015
    Business & Finance

    Monaco-based Scorpio Tankers informed that it has amended its agreement with Hyundai Mipo Dockyard Co. Ltd. of South Korea (HMD) to construct MR and Handymax product tankers.  Under the amended deal, Scorpio has contracted for four MR product tankers to be built at HMD, replacing the previous order for two MR product tankers and two Handymax product tankers. […]

  • Tanker Investments Eyes Share Repurchase

    23 October 2014
    Business & Finance

    Marshall Islands-based tanker company Tanker Investments Ltd. (TIL) expects to report a net loss in the range of USD 0.01 to USD 0.03 per share for the third quarter of 2014, the company said in its earnings guidance for the three months ended September 30, 2014. TIL’s board of directors has authorized a share repurchase program to […]

  • Navios Acquisition Disposes of Chemical Tanker

    18 November 2016
    Business & Finance

    Greek tanker owner Navios Maritime Acquisition Corporation (Navios Acquisition) has informed that it closed the sale of the Nave Constellation, a 2013-built chemical tanker.  The 50,000 cbm vessel was sold for USD 36.4 million to an unnamed buyer. Navios Acquisition revealed it used USD 16.4 million of the total amount for repayment of debts. According […]

  • Tanker Catches Fire at Vietnamese Port

    12 March 2018

    A tanker docked at a Vietnamese port burst into flames following an explosion on March 10, according to Hai Phong Port Authority.

  • Tanker Orders Ramp Up in Q2

    17 August 2017

    The second quarter of the year saw a total of 32 product tankers ordered as owners rushed to quench their thirst for newbuilding tonnage amid attractive asset prices. A total of 10 Handysize vessels and 22 Middle Range (MR) tankers have been ordered along with 18 Long Range (LR) 2 vessels, which corresponds to 2.4% […]

  • Nordic Shipholding’s Tanker Sale Fails

    8 April 2019
    Business & Finance

    The sale of Nordic Shipholding’s Nordic Ruth has failed, the Danish shipowner said.

  • Tanker Investments Adds Six Suezmaxes

    15 December 2014
    Business & Finance

    Oslo-listed investment company Tanker Investments Ltd. has agreed to acquire six, modern Suezmax tankers for an en bloc purchase price of USD 315 million. The fleet consists of four, 2009-built and two, 2010-built Suezmaxes constructed by Rongsheng Heavy Industries Group Ltd. and are expected to be delivered to Tanker Investments during the first half of […]

  • Scorpio Tankers in Talks with South Korea’s Shipyard for Construction of Five MR Product Tankers

    13 May 2011

    Scorpio Tankers Inc. announced yesterday that it has commenced a public offering of 5,500,000 shares of its common stock. The proceeds of the offering are expected to be used, after assessing any working capital and other general corporate expense needs, to pursue vessel acquisitions consistent with the Company’s acquisition strategy. In addition, the Company has […]

  • £50 billion going down the drain as UK keeps oil & gas windfall tax in place

    27 November 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Regulation & Policy, Rules & Regulation

    As the dust continues to settle over the United Kingdom (UK) government’s decision to retain the energy profits levy (EPL), known as the windfall tax on oil and gas profits, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has expressed its dissatisfaction with the move it portrays as a bitter blow to the UK’s energy workers and industry players.

  • Suezmax Tanker Joins NAT’s Fleet

    28 February 2017
    Business & Finance

    Bermuda-based tanker owner Nordic American Tankers Limited (NAT) has expanded its fleet as it took delivery of a newbuilding Suezmax tanker on February 27. Nordic Space, the company’s second Suezmax newbuilding tanker, was constructed by South Korean Sungdong Shipbuilding and Marine Engineering. The 158,000 dwt ship, which was christened on August 24, 2016, has started its […]

  • Greece Keeps the Lead in Tanker Ordering

    22 October 2015

    Despite a substantial fall in overall ordering this year, tanker contracting has been robust with 207 ships of 16.6m GT reported of being ordered so far this year, which is already above full year 2014 in terms of GT, according to data released by London-based Clarksons. Greece remained on top of the ordering chain, having […]

  • NAT Expands Fleet with New Tanker

    8 September 2016
    Business & Finance

    Bermuda-based tanker owner Nordic American Tankers Limited (NAT) took delivery of a Suezmax newbuilding tanker the Nordic Star, built at South Korea’s Sungdong Shipbuilding and Marine Engineering. Featuring 158,000 deadweight tons, the vessel, which was named on August 24, will be employed in the tanker market right away, according to the company. NAT’s second Suezmax newbuilding, the Nordic […]

  • Team Tankers Ups Loan Facility

    20 October 2015
    Business & Finance

    Bermuda-headquartered chemical tanker owner and operator Team Tankers International has increased its existing USD 100 million loan facility by additional USD 50 million. ABN AMRO has joined the facility as the lender of the additional funds, with the remaining USD 100 million provided by  SEB and NIBC Bank. “We are delighted to establish a relationship with […]

  • Terntank Adds Third Chemical Tanker

    16 November 2016
    Business & Finance

    Swedish tanker owner Terntank has taken delivery of the Tern Sea, the third of four 15,000 dwt chemical tankers with dual-fuel two-stroke engines ordered from Avic Dingheng shipyard in China.  Featuring a length of 147 meters and a width of 22 meters, the Tern Sea was named in September 2016. Prior to departing for Europe, […]

  • Mercator Limited Disposes of Tanker Oldie

    29 November 2018
    Business & Finance

    As part of its strategic plan, Mercator Limited has decided to sell one of its vessels, Vedika Prem.