10000 results found for 'tanker'

10000 results found for 'tanker'
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  • 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 […]

  • Concordia Maritime Pens Sale-Leaseback for Stena Supreme

    28 October 2016
    Business & Finance

    Swedish tanker shipping company Concordia Maritime has entered into a sale and leaseback agreement for the 158,000 dwt Suezmax tanker Stena Supreme. Under the deal with a Japanese ship owning company, the vessel will be chartered back on a bareboat basis for a period of 12 years, with annual purchase options from year three onwards. The […]

  • 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 […]

  • Trafigura Seals Lease Deal for 30 New Ships

    11 December 2017
    Business & Finance

    Trafigura Group has finalized the deal for the leasing of all 30 newbuilding ships.

  • New 15-year deals enable Altera to redeploy FPSO and shuttle tanker at Eni’s African oil & gas project

    3 October 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Altera Infrastructure has secured contracts for the redeployment of an FPSO vessel and a shuttle tanker, which will be converted into an FSO.

  • Sand: massive supply-demand imbalance is upon us

    3 April 2020
    Business & Finance, Outlook & Strategy, Vessels

    Saudi Arabia’s decision to flood the market with crude oil at a time when demand is in doldrums amid coronavirus pandemic is about to create a massive supply-demand imbalance, says BIMCO’s Chief Shipping Analyst, Peter Sand. Liquid fuels production and consumption will be imbalanced during much of 2020 with total production estimated at 102.2 million […]

  • MEB to Present Its Latest Projects at Marine Industry of Russia 2012

    16 May 2012

    Marine Engineering Bureau will present its latest projects at the III international forum “Marine industry of Russia”. Forum will take place in Moscow during period from 23rd till 25th of May, 2012 in “Gostiny Dvor” exhibition hall. 10 vessels with summarized deadweight of 43 000 tons were built only during 4.5 months of 2012, as […]

  • The Netherlands: Bodewes Binnenvaart, MAN Rollo Team Up on LNG Propulsion Project

    4 November 2011

      Never before has an inland tanker been built, powered by 100% LNG (Liquefied Natural Gas) propulsion. Currently three different projects have been filed for approval by the European Commission. One of such projects is the result of a collaboration between Bodewes Binnenvaart B.V. (part of DAMEN Shipyards Group), Alewijnse and MAN Rollo B.V. LNG-gensets […]

  • TORM Restructures

    14 July 2015
    Business & Finance

    Danish shipping company TORM has wrapped up its comprehensive restructuring process, recapitalizing its balance sheet, by reducing the existing debt worth up to USD 561 million. The restructuring was carried out by way of a lender debt writedown to current asset values against the issuance of warrants and a subsequent optional exchange of debt to equity. As […]

  • Moody’s: Eletson’s Rating Down with Negative Outlook

    30 August 2017
    Business & Finance

    The corporate family rating (CFR) of Greece-based shipping company Eletson Holdings has been downgraded to B3 from B2, according to Moody’s ratings agency. Moody’s also downgraded Eletson’s probability of default rating (PDR) to B3-PD from B2-PD and the rating on its USD 300 million first preferred ship mortgage notes due in 2022 to B3 from B2. The […]

  • Second-Hand Market More Active than Newbuilding

    26 November 2014

    The Panamax and 2,500TEU sectors continued to be the two areas that sparked the most interest and the highest volume of ships changing hands in the second-hand market last week. According to Braemar ACM Shipbroking, the ships that are being sold at the moment have been on the market for some time, and there has been a serious decline in the number of fresh ships […]

  • Readers’ Picks of the Week (3rd-9th Nov)

    9 November 2014
    Business & Finance

    MS Marco Polo Runs Aground in Norway Cruise ship MS Marco Polo has run aground with 750 passengers on board while manoeuvring to anchor near Leknes in Norway’s northern Lofoten Islands.…Read more VIDEO: Panama Canal Pilots Voice Navigation Concerns The long-awaited expansion of the Panama Canal has taken a somewhat different course from that initially […]

  • Elenger brings two shiploads of LNG to port of Klaipeda in March

    30 March 2023
    Business Developments & Projects, Ports & Logistics, Vessels

    Estonian energy group Elenger has reported that, on its order, two LNG cargoes arrived at the port of Klaipeda from Norway in March, one on the tanker Arctic Aurora and the other on the tanker Arctic Princess. Elenger has booked terminal capacity to bring 10 LNG cargoes until the fall of this year. Three deliveries […]

  • Readers’ Picks of the Week (July 4 – 8, 2016)

    10 July 2016
    Business & Finance

    Fincantieri, CSSC Tap Into China’s Growing Cruise Industry Italian shipbuilder Fincantieri and China’s shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) have signed an agreement for the constitution of a joint venture… Read More Vale Sells Three Valemaxes for USD 269 Mn Brazilian mining giant Vale SA reached an agreement to sell three of its Very […]

  • American Shipping Company Seals USD 500m in Loans

    7 July 2015
    Business & Finance

    Tanker owner American Shipping Company ASA has received firm commitments for a USD 500 million refinancing of its secured bank debt from a group of lenders. The refinancing is structured in two separate facilities; one being a USD 350 million facility with a club of four banks consisting of BNP Paribas, Credit Agricole, SEB and […]

  • Tufton Oceanic Buys Six Second-Hand Ships

    12 September 2016
    Business & Finance

    UK’s fund management company Tufton Oceanic has added two Handy bulk carriers, purchased from US-based Apex Bulk Carriers LLC for a total of USD 19.5 million, according to data provided by VesselsValue. The 34,400 dwt Lisa J and 35,000 dwt Steven C were built in 2010 and 2009 at South Korea’s Goseong Shipyard. Bought on […]

  • The Netherlands: NST – Further Fleet Expansion

    20 April 2012
    Business & Finance

      North Sea Tankers (NST) announced that its tonnage partner Borealis Maritime will add vessel number four and five (M/T Bomar Pluto and M/T Bomar Ceres) to NST’s fleet consisting of 21 chemical tankers. The 2008-built 5,500 dwt ‘Bomar Pluto’ will be join NST’s commercial pool operation this weekend and her 2009-built sister is due […]

  • FSL Trust Forced to Sell Boxship Duo amid Lack of Charter Interest

    5 February 2016
    Business & Finance

    FSL Trust Management Pte, the trusteemanager of First Ship Lease Trust, has sold two containerships for USD 10.8 million as it failed to find further employment for the boxships in an already oversupplied market. Ever Radiant and Ever Respect are Japanese-built, 4,229 TEU containerships built in 1994 and 1995 respectively. The two vessels have been on bareboat charter to […]

  • Russia: Gazprom, Sovcomflot Discuss LNG Marine Shipping

    27 March 2013
    Business & Finance

    Gazprom’s CEO Alexey Miller and Sergey Frank, Director General of Sovcomflot met at the company’s headquarters in Moscow. “The parties discussed the cooperation in arranging marine shipping of liquefied natural gas (LNG), among other things, to Asia-Pacific markets,” Gazprom said in a statement. In January 2012 Gazprom and Sovcomflot reached the agreement on arranging a […]

  • Wärtsilä Introduces Voyage Emissions Reduction System

    4 December 2017
    Business & Finance, Rules & Regulation

    Finnish technology group Wärtsilä is introducing its Voyage Emissions Reduction (VER) system as a means for increasing oil tanker revenues, while also significantly aiding the environment through reduced emissions. The system effectively eliminates the problem of volatile organic compound (VOC) emissions from tankers during laden voyages, according to the company. VOC’s are organic chemicals having […]

  • Teekay Offshore Partners, Statoil Ink New FSO Contract

    22 May 2013
    Business & Finance

    Teekay Offshore Partners L.P. today announced that it has entered into an agreement with Statoil Petroleum AS (Statoil), on behalf of the field license partners, to provide a floating storage and offtake (FSO) unit for the Gina Krog oil and gas field located in North Sea. The contract will be serviced by a new FSO […]

  • Bermuda: Teekay Offshore Partners Announces Pricing of Follow-on Offering

    18 August 2010
    Business & Finance

    Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE: TOO) announced today that it has priced its follow-on public offering of 5,250,000 common units, representing limited partner interests, at $22.15 per unit. Teekay Offshore has granted the underwriters a 30-day option to purchase up to an additional 787,500 units to cover over-allotments, if any. […]

  • Capital Ship Management Adds Three Vessels

    13 January 2017
    Business & Finance

    Greece-based Capital Ship Management Corp. has taken deliveries of two tanker newbuildings from Asian shipyards and a 2011-built bulk carrier. M/T Amfitrion, a 50,100 dwt IMO II/III eco chemical/product tanker, was delivered from Samsung Heavy Industries (SHI) Ningbo in China on January 12, 2017. The newbuilding is the last of eight sister ships delivered between 2015 and […]

  • Top news of the week May 22-27

    28 May 2017

    Quartet performs first LNG STS transfer in Philippines Koch Supply & Trading (KS&T) completed the first ship-to-ship (STS) LNG transfer with private Chinese company JOVO and Malaysian shipowner MISC. Nakilat takes over management of 8th LNG tanker from Shell Qatari LNG shipping giant Nakilat has taken over full ship management and operations of Q-Flex LNG […]

  • d’Amico Launches $126m Handysize Spree

    25 October 2013

    d’Amico Tankers Limited (Ireland), a subsidiary of d’Amico International Shipping S.A. (DIS), has entered in a shipbuilding contract for the purchase of four 39,000 dwt Handysize product chemical tankers at the price of $31.2 million/each, with Hyundai Mipo Dockyard Co. Ltd. at their HVS facility in Vietnam, for a total investment amount of $126 million. The […]