10000 results found for 'tanker'

10000 results found for 'tanker'
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  • Frontline Abandons Four VLCC Newbuildings

    14 October 2016
    Business & Finance

    Tanker owner and operator Frontline has entered into an agreement to terminate contracts for four Very Large Crude Carrier (VLCC) newbuildings previously ordered from South Korea’s shipbuilder STX Offshore & Shipbuilding. The contracted price of these vessels, which were due for delivery in 2017, was USD 364.3 million, of which the company has made instalment payments of USD 45.5 million. […]

  • Inocean: Life Time Extension for 30-Year-Old FPSO Hulls

    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 […]

  • Suez Canal Introduces Toll Discounts for LNG Carriers

    27 September 2017

    The Suez Canal Authority is granting toll reductions for LNG tankers operating between the American Gulf, Arabian Gulf zone, India and its eastern ports. The toll reductions relate to tankers either loaded or in ballast. A 30% cut will be offered to LNG carriers sailing in the Arabian Gulf and west of India up to […]

  • DHT Holdings Back to Black in 4Q 2018

    7 February 2019
    Business & Finance

    DHT Holdings managed to return to the black in the fourth quarter of 2018, as revenues continued rising.

  • Chandris Fined for Illegal Oil Dumping off Texas

    28 October 2015
    Business & Finance

    Greek ship management company Chandris (Hellas) Inc. has been fined with USD 1 million for dumping oily waste into the waters off Texas and falsifying its oil record book. The company pleaded guilty to violations of the Act to Prevent Pollution from Ships on Tuesday in Corpus Christi federal court, the Associated Press reports. Chandris was ordered […]

  • Readers’ Picks of the Week (19-24 Oct)

    25 October 2015
    Business & Finance

    Maersk Signs LOI to Boost Cargo Flows in Eastern Indonesia Danish shipping trade and energy conglomerate Maersk Group has signed a Letter of Intent LOI with Indonesia’s Coordinating Ministries for Maritime Affairs and Ec… Read More Tanker Ablaze after Engine Room Blast off Denmark Liberiaflagged oilchemicals tanker Alia caught fire in the North Sea off […]

  • Ukrainian Shipyard Constructs Suction Anchors for Saipem

    26 April 2012
    Business & Finance

    Kherson Shipyard has Successfully Completed the Construction of Offshore Structures for Italian Saipem Company. Recently PJSC Kherson Shipyard completed the construction of 6 pcs. offshore Structures of Suction Anchors (Hull No.18027) for Italian Offshore Saipem Company, designed to secure the underwater pipeline in the Caspian Region. The overall dimensions of each structure are as follows: […]

  • China: CIC Changxing Shipyard Completes Repair Works for MV Qilinzuo

    20 January 2012

    On Jan. 7th, 2012, CIC Changxing shipyard completed all the repair projects for MV Qilinzuo. M.V. Qilinzuo belongs to China Shipping group and her main repair projects included new installation of 3 windlasses, the emergency towing device and the low sulfur oil system of boiler. It should be a special survey for the mentioned vessel. […]

  • Norsepower inks rotor sail retrofit deal with Socatra

    25 January 2023
    Business Developments & Projects, Environment, Equipment, Green Marine, Outlook & Strategy, Technology, Transition, Vessels

    Wind propulsion systems developer Norsepower Oy has signed a contract with French ship owner and operator Socatra for the retrofit installation of two rotor sails on the medium range tanker Alcyone. The 50,000 dwt, 2022-built, French flag tanker, chartered by global energy company TotalEnergies, will be retrofitted with two 35m x 5m Norsepower rotor sails. […]

  • Russia: Sovcomflot Approves Its Development Strategy Until 2017

    27 June 2011

    The Board of Directors of OAO Sovcomflot reviewed and approved the Company’s Development Strategy until 2017. The strategy, in particular, envisages: – An increase in the proportion of the Company’s business involving the specialised shipment of energy resources, in particular liquefied natural gas (LNG) transportation and shuttle tanker operations; – Further development of the Company’s […]

  • Another AHTS for Med Offshore

    17 August 2007

    Med Offshore recently ordered an AHTS 6615 of the Damen Offshore series. This is the second time Med Offshore orders an anchor handling tug supply vessel from Damen, following the AHTS 6114, Med Otto, which was delivered to Med Offshore in September 2006. Med Offshore the Italian shipping company owned by the Garolla Family operates […]

  • Sonangol Back at DSME for Two More

    16 December 2014
    Business & Finance

    Angola’s oil company Sonangol has placed an order for two 156, 290 TDW crude oil tankers with South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME). The contract signing ceremony was held on Thursday, December 11th in Seoul, South Korea. The Suezmax vessels will feature 274 meters in length, 48 metres in width and 23.7 […]

  • Eitzen Secures USD 100 Mln Loan

    27 January 2015
    Business & Finance

    Oslo-based owner and operator of chemical tankers Eitzen Chemical ASA has entered into a loan facility with Skandinaviska Enskilda Banken AB and NIBC Bank N.V. related to its restructuring as set out in the company’s Plan Support Agreement (PSA) The loan amounts to USD 100 million and it is split into two segments: USD 33.3 million Revolving Credit Facility […]

  • Euronav-Frontline merger could reap multiple benefits of energy transition

    8 April 2022
    Business & Finance, Business Developments & Projects, Market Outlooks, Outlook & Strategy, Transition

    Norwegian tanker owner and operator Frontline and its Belgium-based counterpart Euronav have decided to pursue a merger, creating a global leader in the oil tanker industry.

  • NAT Looking into a ‘Ship or Two’

    24 June 2015
    Business & Finance

    Nasdaq-listed tanker company Nordic American Tankers Limited is pondering ship acquisition opportunities to be financed by its cash, held back from previous quarters. “The company is in an excellent position to grow the fleet,” Herbjørn Hansson, NAT’s Chairman & CEO said, adding that the company will resume to restrain from making large fleet acquisitions. According […]

  • Radio Holland signs service agreement with BWFM

    2 June 2015
    Project & Tenders, Vessels

    Radio Holland, part of Imtech Marine, said it has concluded a service agreement with tanker, gas and offshore maritime group BW Fleet Management.

  • Russia: Sovcomflot’s SEVP Wins Award for Achievements in Science and Technology in 2011

    17 February 2012
    Business & Finance

    On 6 February 2012 the Government of the Russian Federation announced the winners of “The Prize for Achievements in Science and Technology in 2011”. SCF Group records that Mr. Sergey Popravko, Member of the Sovcomflot Executive Board and Senior Executive Vice-President, has been awarded one of these highly prestigious prizes. The citation on Mr Popravko’s […]

  • Bermuda: Teekay Offshore Reports Strong Operation Results

    11 November 2011
    Business & Finance

    Teekay Offshore GP L.L.C., the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership), yesterday reported the Partnership’s results for the quarter ended September 30, 2011. During the third quarter of 2011, the Partnership generated distributable cash flow of $52.1 million, compared to $20.8 million in the same period of the prior […]

  • Korea, Russia Look to Cash In from Northern Sea Route

    8 September 2017

    Russia and Korea are working to bolster their maritime ties, especially as they eye the benefits of shipping through the Northern Sea Route. As Russia strives to build up its own shipbuilding capacity, it turned to Korea for the construction of its gas carrying ships. A Korean company has received a contract to build 15 ice-breaking LNG carriers […]

  • Liberia and China join forces to bolster maritime safety

    7 December 2021
    Collaboration

    The Liberian Maritime Authority and the Maritime Safety Administration of China have signed a Memorandum of Understanding (MoU) to bolster and expand on their existing working relationship in the areas of maritime safety.

  • Greek Flag Loses 62 Ships

    17 March 2017

    The fleet registered under the Greek flag saw a significant loss of 62 ships during the year until March 1st, 2017, equivalent to 3.7 million DWT and 2.3 million GT. The country’s fleet is now comprised of 747 ships, totaling 43.7 million GT and 75.2 million DWT, the Greek Shipping Cooperate Committee (GSCC) said in its latest report. […]

  • Euronav Opts Out of 4 VLCCs

    29 October 2015
    Business & Finance

    Belgian tanker operator Euronav has decided not to exercise the option for four newbuilding very large crude carriers (VLCCs) on top of the four vessels the company had agreed to buy back in June, as the tanker vessels have not become more expensive in the meantime, and the company feels that the four VLCCs do not provide ‘‘hedge […]

  • Top News of the Week 16th – 20th of June

    22 June 2014
    Business & Finance

    China Rejects P3 Network, Plan Abandoned The Ministry of Commerce (MOFCOM) of the People’s Republic of China denied support to the P3 Network, proposed by Mærsk A/S (Maersk Line)  together with MSC Mediterranean Shipping Company S.A. and CMA CGM S.A. The MOFCOM’s decision follows a review under China’s merger control rules.   Rising Concern over […]

  • Port of Gothenburg hosts Swedish-produced biomethane bunkering pilot

    15 May 2025
    Business Developments & Projects, Green Marine, Infrastructure, Operations & Maintenance, Ports & Logistics, Vessels

    Swedish Port of Gothenburg has hosted bunkering of domestically produced liquefied biomethane to a tanker as it strives to become Scandinavia’s primary alternative fuels bunkering hub.

  • Scorpio’s STI Mythos Joins Bahri’s Fleet

    30 March 2016
    Business & Finance

    The National Shipping Company of Saudi Arabia (Bahri) has taken delivery of the second of five second hand MRs ships bought in February for USD 166.5 million. MR ship STI Mythos was delivered and ownership was transferred to Bahri’s subsidiary National Chemical Carriers (NCC) on Tuesday, 29 March 2016 and the ship’s name was changed to NCC Jood. Bahri said […]