10000 results found for 'tanker'

10000 results found for 'tanker'
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  • Stolt-Nielsen Repays USD 147.6 Mn Bond

    3 October 2019
    Business & Finance

    Stolt-Nielsen received a further USD 140.7 million in proceeds of debt as part of the CMBFL facility.

  • VLCC Market Holding Its Ground

    5 May 2015

    The track record so far for the large crude oil tankers seems to be holding its ground and while the year-to-date performance has been stellar, it seems as though things may get even better, according to Allied Maritime Research’s weekly market update. Namely, demand for energy continues to surge and it seems that the low prices […]

  • Spotted: Maersk Arctic Is Born at Remontowa

    16 December 2015
    Business & Finance

    Liberian-flagged Elbtank Italy chemical tanker, owned by German TB Marine Shipmanagement has been reincarnated as Maersk Arctic at Polish ship repair company Remontowa S.A. The ship entered the yard early November for an overhaul only to depart the yard featuring a new livery-the Maersk blue, a new owner and a new name. The extend of […]

  • Odfjell Inks Deal on CTG’s Five Newbuildings

    13 July 2017
    Business & Finance

    Norwegian shipping and tank terminal company Odfjell has signed a final agreement to acquire five stainless steel newbuildings and form a pool for fifteen 25,000 dwt chemical tankers. The ships are a part of a newbuilding order of ten 25,000 dwt vessels with 24 stainless steel tanks, under construction at Chinese shipbuilder AVIC Dingheng. The announcement […]

  • Brokers: Nisshin Shipping Tied to Ten Bulkers

    19 January 2018

    Brokers link Nisshin Shipping to an order for up to ten new bulkers.

  • Morning Glory to Be Auctioned Off by Libyan Authorities

    4 September 2015

    The Morning Glory oil tanker is about to be put on auction by Libyan authorities, as informed by the state’s prosecutor office cited by Reuters. The tanker was boarded and seized by US Navy Seals in international waters in March 2014 on request of the governments of Libya and Cyprus following its seizure during the same […]

  • Top News of the Week January 27 – February 1, 2014

    2 February 2014
    Business & Finance

    New Container Vessels for COSCO COSCO Entities have entered into shipbuilding agreements worth US$434.5 million with China Shipbuilding Trading and Changxing Shipbuilding for the construction of five 9,400 TEU container vessels. Two Collisions off Singapore Following the oil spillage from two collisions south of Jurong Island and off Marina South on 29 and 30 January […]

  • Gener8 Maritime Sells One of Its Oldest VLCCs

    26 July 2016
    Business & Finance

    Crude oil shipping company Gener8 Maritime has sold its 2001-built Very Large Crude Carrier (VLCC) to the Taiwanese firm Winson Shipping, according to data provided by VesselsValue. The vessel in question is the 312,700 dwt GenMar Vision, which was built by South Korea’s shipbuilder Hyundai Heavy Industries. VesselsValue said that the tanker was sold for a price of USD […]

  • Panama Canal LNG transits spike

    11 January 2018
    Vessels

    The number of liquefied natural gas (LNG ) carriers transiting the expanded Panama Canal has been steadily rising since July 2016 reaching record highs last year, driven by US exports of shale gas. The expanded canal is able to accommodate about 90 percent of the world’s current LNG tankers. Only the Q-Flex and Q-Max tankers used for exports […]

  • Morning Glory to Be Auctioned Off by Libyan Authorities

    4 September 2015

    The Morning Glory oil tanker is about to be put on auction by Libyan authorities, as informed by the state’s prosecutor office cited by Reuters. The tanker was boarded and seized by US Navy Seals in international waters in March 2014 on request of the governments of Libya and Cyprus following its seizure during the same […]

  • Tsakos Catches Contango Fever

    13 February 2015
    Business & Finance

    NYSE-listed tanker owner and operator Tsakos Energy Navigation has signed a six month storage contract for a Very Large Crude Carrier (VLCC) with an unnamed client. According to the company’s fleet list, the company currently operates one VLCC – the 1998-built, 301,171 dwt Millennium. TEN expects this contract to bring the company around USD 10 million. ‘‘Accretive transactions […]

  • Life Time Extension for FPSO’s with Hull 30+ Years Old

    18 October 2013
    Business & Finance

    Some 44% of the world ship shape FPSO fleet have hulls that are above 30 years of age. All of these are conversions from Oil Tankers that had an initial design life of 25 years. Continued operation of these vessels will bring increasing challenges to maintain hull integrity as fatigue life and corrosion margins becomes […]

  • SCF Baltica Leaves BLRT Grupp´s Turku Shipyard (Finland)

    18 December 2012
    Business & Finance

    BLRT Grupp´s Turku shipyard has finished the repairs of oil tanker SCF Baltica. The specialists of ship-repair yard have dismantled machined, assembled back and balanced the shaft line and propeller (weight 35 tons) of the vessel. Also, main propulsion unit (B&W 7S60ME-C 16660 KW, 105 rpm, weight approximately 500 tons) was again aligned with shaft […]

  • Danish Start-Up Eyes Fleet Expansion in 2019

    22 April 2019
    Business & Finance

    Newly formed Cornerstone Maritime plans to acquire more tonnage as it takes over its first tanker.

  • NAT Ends 1Q in Red

    8 May 2017
    Business & Finance

    Still impacted by weak tanker market conditions, Bermuda-based tanker owner Nordic American Tankers (NAT) suffered a net loss of USD 3.4 million in the first quarter of this year, down from a profit of USD 29.3 million posted in the same period of 2016. The company’s net operating earnings for the quarter were USD 5.1 […]

  • South Korea: Sungdong Shipbuilding and Tsakos Sign Shipbuilding Contract

    8 November 2012

    Greek shipping company Tsakos Group has entered into a shipbuilding contract with Sungdong Shipbuilding from Korea. According to the Seatrade Asia report, the subject of the contract is construction of a 157,000 dwt shuttle tanker with an option to build another one. The vessel is scheduled to be delivered in 2014. Sungdong Shipbuilding commenced construction […]

  • G E Shipping expands its VLGC fleet

    9 July 2014

    The Great Eastern Shipping Company took delivery of a 1994-built Very Large Gas Carrier (VLGC) Jag Vishnu (73,800 cbm) on 8th July. With the induction of  “Jag Vishnu”, the company’s fleet stands at 29 vessels, comprising 21 tankers (8 crude carriers, 12 product tankers, 1 LPG carrier) and 8 dry bulk carriers (1 Capesize, 3 […]

  • India to Get LNG Cargo

    9 June 2014
    Vessels

    Petronet’s Dahej terminal on India’s west coast is due to get a cargo of liquefied natural gas onboard the LNG tanker Aseem from Qatar on Monday, shipping data reveals. The 155,000 cbm LNG tanker, managed by the Shipping Corporation of India, was recently repaired at the Nakilat-Keppel Offshore & Marine (N-KOM) shipyard in Qatar. The […]

  • Gener8 Shareholders Approve Euronav Takeover

    12 June 2018
    Business & Finance

    Shareholders of Gener8 Maritime approved the merger with Belgium’s Euronav on June 11.

  • EPS takes delivery of dual-fuel Capesize bulker from New Times Shipbuilding

    21 November 2022
    Vessels

    Singapore-based shipowner Eastern Pacific Shipping (EPS) has taken delivery of a 210,000 DWT dual-fuel bulk carrier from Chinese shipbuilder New Times Shipbuilding.

  • Hafnia expands fleet through new joint ventures

    30 August 2021
    Business & Finance, Vessels

    Singapore-based tanker owner and operator Hafnia has expanded its fleet with two Medium Range (MR) newbuilds through a new joint venture established with Monaco-based tanker owner International Andromeda Shipping.

  • Newport Shipping inks LNG deal with LGM Engineering

    27 August 2020
    Business Developments & Projects

    UK-based drydocking services provider Newport Shipping has signed a cooperation deal with Gloryholder Liquified Gas Machinery (LGM Engineering).

  • Bahri’s Profit Surges

    18 January 2016
    Business & Finance

    National Shipping Company of Saudi Arabia (Bahri) reported a huge jump in its net profit for the quarter ending on December 31st, 2015. Bahri’s fourth quarter net profit amounts to SAR 566.88 million (USD 151 million), a major leap from last year’s SAR 123.42 million. The company’s current profit reached SAR 1.8 billion doubling last year’s SAR 533 million in net profit. […]

  • Western nations decide to make things harder for Russian ‘shadow’ fleet

    24 December 2024
    Authorities & Government, Collaboration, Infrastructure, Outlook & Strategy, Regulation & Policy, Vessels

    Twelve European countries agreed measures targeting Russia’s ‘shadow’ fleet at a recent summit in Tallinn, Estonia.

  • Rolls-Royce to Design and Equip 7 Vessels for Brazilian Ship Owner

    19 January 2012
    Business & Finance

    Rolls-Royce, the global power systems company, has been awarded two contracts to design and equip seven vessels for Brazilian ship owner Navegação São Miguel Ltd. The contracts, for four oil spill recovery vessels and three bunker tankers, are worth £23 million to Rolls-Royce. Anders Almestad, Rolls-Royce, President Offshore, said: “Rolls-Royce continues to win contracts in […]