10000 results found for 'tanker'

10000 results found for 'tanker'
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  • Cosco Shipyards Bag USD 150 Million Worth of Contracts

    20 October 2015
    Business & Finance

    Three shipyards owned by China’s Cosco Shipyard Group have won contracts worth USD 150 million to build one products/oil tanker and two cargo transfer vessels. Cosco (Dalian) Shipyard will build the 22,000 dwt tanker for an unnamed Asia-based owner. The vessel is scheduled for delivery in the fourth quarter of 2016. Cosco (Nantong) Shipyard and Cosco (Guangdong) Shipyard […]

  • Concordia Maritime sells P-MAX vessel to improve long-term prospects

    17 January 2022
    Business & Finance, Business Developments & Projects, Vessels

    Swedish tanker shipping company Concordia Maritime has entered into an agreement for the sale of the 65,000 dwt P-MAX vessel Stena Perros to accelerate the amortization of bank debt.

  • ABC Maritime Orders Four from Chinese Yard

    15 August 2014
    Business & Finance

    Switzerland-based  owner ABC Maritime has ordered construction of four 4,900dwt asphalt carriers. The carriers will be built by Chinese yard AVIC Dingheng Shipbuilding. The price tag of the newbuilds has not yet been revealed. Bureau Veritas will class the vessels, which have been slated for delivery in the first and second quarter of 2016. The […]

  • Navios Announces Delivery of ‘Nave Alderamin’

    3 September 2013
    Business & Finance

    Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced today that the Nave Alderamin, a new building MR2 product tanker vessel of 49,998 dwt, was delivered today from a South Korean shipyard. Nave Alderamin has been chartered out to a high quality counterparty for six months at a rate of $13,163 net […]

  • New CEO for Evergas

    17 April 2015

    Copenhagen-based Evergas, operator of several LNG-Ethane-Multigas carriers, said it has appointed Steffen Jacobsen as the CEO of the company. Jacobsen joined Evergas in February this year as Vice President, Fleet after almost 35 years in Maersk, the company said in a statement on Thursday. According to the statement, Jacobsen has leadership experience in both commercial and technical […]

  • Solar Solve Marine scores LNG order

    11 July 2014
    Equipment

    Solar Solve Marine of the UK has recently won an order for their roller screens to be installed at the navigation bridge windows of an LNG tanker. Shell International placed the order in the middle of June for LNG Lagos, an LNG tanker built way back in 1976 at Chantiers de l’Atlantique shipyard in France, the […]

  • GALLERY: No oil spill risk from fire-stricken supertanker, Sri Lanka Navy says

    4 September 2020
    Authorities & Government, Environment, Safety, Vessels

    Spreading of the deadly fire on board the Panama-flagged oil tanker MT New Diamond, which erupted on September 3, has been controlled, according to the Sri Lanka Navy, posing no risk of oil leakage from the vessel. The fire broke out after an explosion of a boiler in the main engine room of MT New […]

  • Panama Canal hits LNG transit record

    4 February 2021
    Business Developments & Projects, Infrastructure, Operations & Maintenance, Ports & Logistics

    Panama Canal has hit a new record for the transit of liquefied natural gas (LNG) in January.

  • CMA CGM Orders Four Boxships from COSCO Zhoushan

    1 June 2016
    Business & Finance

    French shipping giant CMA CGM has ordered four 3,300 TEU container vessels from the Chinese COSCO (Zhoushan) Shipyard, a subsidiary of COSCO Shipyard Group. Under the contract signed between the parties, the new containerships are scheduled for delivery between March 31, 2018 and August 31, 2018. COSCO Zhoushan and CMA CGM have agreed to keep the contract prices confidential, according to the shipbuilder. “Barring any […]

  • Drewry: Sigh of Relief for Suezmax Owners

    12 April 2013

    Drewry’s latest Tanker Insight saw the Tanker Earnings Index jump by 69% as activity surged, lifting freight rates across all vessel segments. Chartering activity in the dirty tanker market remained buoyant as 77.9 million tonnes of crude were fixed for shipment, comfortably up on the 65.9 million tonnes fixed in February. Higher crude import demand […]

  • Bahri Keeps Them Coming

    29 February 2016
    Business & Finance

    The National Shipping Company of Saudi Arabia (Bahri) has signed a Memorandum of Agreement (MoA) to purchase a very large crude carrier (VLCC), the Hanjin Ras Tanura, for USD 75 million. The ship, built in 2011 at Hyundai Heavy Industries in South Korea, will be delivered to Bahri in March 2016. The company said that the financial implication […]

  • Jadestone sets up new offtake model for Stag crude oil

    3 September 2020
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Operations & Maintenance, Regulation & Policy, Vessels

    Jadestone Energy has set up a new offtake arrangement for the Stag oil field following Altera’s decision to retire the FSO Dampier Spirit.

  • 70 Pct of FPSO Conversions Done by Singapore Shipyards

    3 December 2012

    Traditional shipyards in Singapore are benefitting from booming oil and gas business, as work orders flow in for Floating Production Storage and Offloading (FPSO) and Floating Storage and Offloading (FSO) conversions, states a new report by business intelligence experts GBI Research. The new report cites Singapore as the location of around 70% of conversions for […]

  • Ardmore Refinances Seven, Disposes of Two Ships

    7 February 2019
    Business & Finance

    Ardmore Shipping refinanced seven vessels and agreed to sell two units during the fourth quarter of 2018.

  • Overseas Shipholding Group Expects to Benefit from Improving Market

    12 November 2018
    Business & Finance

    Overseas Shipholding Group (OSG) closed the first nine months of this year with improved earnings.

  • International Seaways Eyes Fleet Growth as It Reports Q1 Profit

    10 May 2017
    Business & Finance

    US-based tanker shipping firm International Seaways (INSW) is eager to avail of the attractive market so as to modernize its fleet with new fleet additions. According to Lois K. Zabrocky, International Seaways’ President and CEO, there are compelling opportunities to grow and renew the company’s fleet. However, Zabrocky did not reveal whether she was interested in second-hand […]

  • d’Amico Signs Shipbuilding Contracts with HMD, South Korea

    18 December 2012
    Business & Finance

    d’Amico International Shipping S.A., an international marine transportation company, operating in the product tanker market, announces yesterday that its operating subsidiary d’Amico Tankers Limited (Ireland), will enter into shipbuilding contracts for the construction of two additional new product/chemical tanker vessels (50,000 dwt Medium Range) with Hyundai Mipo Dockyard Co. Ltd. – Korea. These are expected […]

  • Report: Fire extinguished on offshore platform in Iran

    13 June 2019

    An offshore platform, operated by Pars Oil and Gas Compan (POGC), caught fire in the Persian Gulf offshore Iran on Wednesday.

  • Rolls-Royce converts Bergen Viking to LNG power

    30 June 2015
    Vessels

    Rolls-Royce informed that Bergen Viking has returned to service following a successful conversion from diesel-electric to liquefied natural gas-electric propulsion.

  • Euronav CEO: We don’t want to make a bet on a specific future fuel

    3 February 2023
    Business Developments & Projects, Collaboration, Green Marine, Innovation, Outlook & Strategy, Transition, Vessels

    Being a front-runner, especially in the shipping industry, comes with a lot of risks. Being the first to enter a market or introduce a new product or service can give you a significant advantage over others, and even set the tone in the market. However, there is a great risk of failure bringing with it […]

  • Norway: Lunde to Resign as CEO of Fred.Olsen Production

    20 June 2011
    Business & Finance

    The Board of Fred Olsen Production ASA informs that Mårten Lunde will resign as CEO of the Company on 31 July 2011. The Board has decided to appoint CFO Jørn Røkaas as acting CEO as from 1 August. The Board regrets Lunde’s decision to leave the company and will thank him for his contribution to […]

  • Euronav Assigns USD 235.5 Mln for Maersk’s VLCCs

    3 February 2015
    Business & Finance

    Having closed its Initial Public Offering (IPO) of ordinary shares on NYSE, Euronav NV said it would repay the USD 235.5 million bond issued to finance the acquisition of 15 VLCCs from Maersk Tankers Singapore Pte Ltd announced on 5 January 2014. The vessels have an average age of 4 years and will expand the […]

  • BLT Sets Out Restructuring Path

    27 April 2015
    Business & Finance

    Indonesian tanker owner PT Berlian Laju Tanker plans to transfer 27 of its vessels to a newly formed entity within its restructuring process launched in 2012. Under the binding terms of its restructuring agreement, the new company named Newco, owned by a consortium of lenders headed by private equity firms Kohlberg Kravis Roberts (KKR) and York Capital […]

  • Concordia Maritime Reels In USD 5 Mn for IMOIIMAX Success

    10 September 2019
    Business & Finance

    The payment was made as a consequence of the commercial successes of the IMOIIMAX fleet since delivery.

  • Moody’s Ups Capital Product Partners’ Rating, Outlook Stable

    24 October 2017
    Business & Finance

    Ratings agency Moody’s has upgraded the corporate family rating of Athens-based Capital Product Partners with a stable outlook. The CFR was revised to B1 from B2 and the probability of default rating to B1-PD from B2-PD. “Our decision to upgrade CPLP’s rating follows an approximately USD 116 million debt repayment combined with a successful refinancing […]