10000 results found for 'tanker'

10000 results found for 'tanker'
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  • 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. […]

  • 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 […]

  • 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 […]

  • 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 […]

  • Ukraine: Kherson Shipyard to Hire More Workers in 2012

    20 February 2012

    Kherson Shipyard today is the sole shipbuilding company in Ukraine building key-turn tankers and dry-cargo vessels. The profit of KSY in 2011 made 15 mln UAH. Kherson Shipyard list of orders is formed till the end of 2013. At present moment 3 key-turn tankers of RST27 project for SVL Company (Malta) and 6 offshore constructions […]

  • 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 […]

  • U.S. LNG exports edge up on week

    1 November 2019
    Ports & Logistics

    Liquefied natural gas exports from the U.S. increased over the last week, according to data from the Energy Information Administration (EIA).

  • 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 […]

  • 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 […]

  • Morgan Stanley: LNG Shipping Rates Hit Record

    12 December 2011

    Shipping rates of liquefied natural gas for a period of 12-months or more rose to a record, Bloomberg reported, citing an analyst at Morgan Stanley. A.P. Moller-Maersk, hired out LNG tanker Maersk Methane for three years at $140,000 a day, Ole Storer, a Morgan Stanley analyst said. Morgan Stanley said one-year hire rates for 150,000 […]

  • G E Shipping Hands Over Jag Padma to New Owners

    22 May 2014
    Business & Finance

    The Great Eastern Shipping Company Ltd. (G E Shipping) has sold its 1996 built Medium Range Product Tanker “Jag Padma” (47,172 dwt). The shipper announced the delivery of the vessel to the new owners on May 21st. With the delivery of this vessel, the company’s current fleet stands at 29 vessels, comprising 21 tankers (8 […]

  • Newbuild JO ROWAN Departs NCS, China

    4 September 2013

    New Century Shipbuilding (NCS) has delivered the first 74,500 DWT product/chemical tanker to Jo Tankers AS from Norway. The vessel, named JO ROWAN, is one of the biggest product and chemical tankers in the world. The overall length of the LR-classed vessel is 228.6 meters, its moulded breadth being 32.26m, moulded depth 21.2 m, design draft […]

  • Moody’s: Soechi Lines Rated B1 with Stable Outlook

    14 July 2016
    Business & Finance

    Indonesian tanker company Soechi Lines Tbk has been assigned a definitive B1 corporate family rating (CFR) with a stable rating outlook, according to Moody’s rating agency. Moody’s has also withdrawn the provisional (P)B1 rating on the proposed USD 200 million senior unsecured notes of Soechi Capital B.V., a wholly owned subsidiary of Soechi, because the notes were not issued. […]

  • Russia: Sovcomflot Q1 Net Profit Climbs 36.3 Percent

    8 June 2012

    SCF Sovcomflot of Russia said that its net profit in the first quarter rose 36.3% on year to USD 45.4 million. Q1 2012 Highlights: • Gross revenue up 14.4% to USD 394.9 million (Q1 2011: USD 345.1 million). • Grand Aniva gas carrier completes the 500th delivery of LNG for Sakhalin-2 project, via the LNG […]

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

    4 November 2011
    Business & Finance

    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 are […]

  • Finland Based Wartsila to Provide Main Engines for KOTC’s New Vessels

    19 July 2012
    Business & Finance

    Wärtsilä, the marine industry’s leading system integrator, will supply the main engines for a series of vessels being built for Kuwait Oil Tanker Co. (KOTC), a Subsidiary of Kuwait Petroleum Corporation. Four VLCCs (Very Large Crude Oil Carriers), one Aframax tanker and four medium-range tankers are being built at the Daewoo Shipbuilding & Marine Engineering […]

  • NAT Takes Over Second Suezmax

    29 October 2015
    Business & Finance

    Bermuda-based tanker owner Nordic American Tankers (NAT) has taken delivery of the second of two 2010-built Suezmaxes bought for USD 122 million back in July. The first of these two ships, Nordic Light, was delivered to NAT on September 22. The second was taken over on October 29, and has been renamed to Nordic Cross. Following the delivery of […]

  • 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 […]

  • First Transshipment from Montoir LNG Terminal, France

    9 August 2013

    From its LNG terminal at Montoir-de-Bretagne, Elengy and Nantes Saint-Nazaire Port have operated on august 7th their first transshipment operation, service proposed since july 2013. This one occurred safely between the LNG tankers Ben Badis (177,000m3 capacity) and the LNG Gemini (126,000m3 capacity) during a stopover of 48 hours. Allowing to transship a freight directly […]

  • Greece: Capital Product Partners L.P. Announces Long-term Charter for MT Achilleas

    22 November 2011
    Business & Finance

    Capital Product Partners L.P. announced that it has secured long-term fixed rate time charter employment with profit share arrangements for its remaining spot VLCC, the M/T ‘Achilleas.’ In particular, the M/T ‘Achilleas’ (297,863 dwt, built 2010 Universal Shipbuilding Corp.) has secured employment with the Partnership’s sponsor, Capital Maritime & Trading Corp. (‘CMTC’) for a maximum […]

  • Kogas completes world’s first STS LNG loading test

    27 November 2020
    Infrastructure, Vessels

    South Korea’s Kogas has performed the first ship-to-ship liquefied natural gas (LNG) loading verification test prior to subsequent gas and sea trials.

  • Value of Second-Hand Vessel Sales Halved in July

    5 August 2016
    Business & Finance

    A total of USD 1.6 billion was spend on second-hand vessels in July 2016, compared to USD 3.1 billion spent in the same month last year, representing a drop of 48% in the total value of second-hand sales concluded in the period, according to data provided by VesselsValue. Bulker and tanker sales were down 13% in July […]

  • BSEE team inspects ‘Eagle Texas’ vessel

    7 April 2014

    The U.S. Bureau of Safety and Environmental Enforcement (BSEE) last week sent a team of engineers and inspectors to carry out a safety inspection of the first FPSO (floating production storage and offloading) vessel designed and built for containment use in the Gulf of Mexico. The pre-production inspection is one of the necessary steps to clear […]

  • Belgium: Euronav to Restructure Its Newbuilding Orderbook

    19 January 2012

    Recently, Euronav, one of the world’s leading independent tanker companies, reached an agreement to restructure its current orderbook. As a result, two Suezmax owned in JV by Euronav and its partner JM Maritime and one VLCC, (TBN Alsace) will be delivered in the first quarter of 2012, a Suezmax will be delivered in 1Q13 and the […]