10000 results found for 'tanker'

10000 results found for 'tanker'
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  • Frontline boasts $200 million Q2 profit, lands major financing deals

    28 August 2020
    Business & Finance

    Tanker shipping company Frontline booked a net income of $365 million for the first half of 2020, the strongest first half in more than 10 years, cashing in on strong quarterly earnings. For the second quarter, the Norwegian shipowner reported a net income of $199.7 million amid higher charter rates than in the previous three months. […]

  • Bahri’s Q1 2020 earnings soar amid higher rates

    24 April 2020
    Business & Finance

    The world’s largest owner and operator of very large crude oil carriers (VLCCs) Bahri reported a massive jump of 133.77 percent in its profit for the first quarter of 2020 despite COVID-19 challenges. The company’s net profit after tax reached SAR 419.22 million (USD 111 million) from SAR 179.33 million recorded in the same period […]

  • McQuilling: Ten VLCCs Set to Exit Trading Fleet in 2017

    2 May 2017
    Business & Finance

    With demolition values on the rise and impending environmental regulations that will require costly upgrades to existing vessels, the very large crude carrier (VLCC) sector is set to see an accelerated scrapping program begin this year. The scrapping spree is expected to persist throughout the next five years, according to a five-year forecast period from McQuilling […]

  • d’Amico Launches Four Eco-Ships Built by Hyundai Mipo

    20 January 2014
    Business & Finance

    The d’Amico Group has launched four new state of the art “eco-ship” vessels in Ulsan, Korea, designed in collaboration with the Hyundai Mipo Dockyard. The four new units will be added to the fleet of tankers belonging to d’Amico Tankers Ltd, 100% owned by d’Amico International Shipping, guaranteeing significant results in terms of energetic efficiency, […]

  • Anthony Veder’s Newbuildings to Get Dual-Fuel Propulsion Packages from Wartsila

    31 December 2012
    Business & Finance

    Wärtsilä, the marine industry’s leading solutions and services provider, has been contracted to supply the complete dual-fuel propulsion package for two new Liquefied Ethylene Gas (LEG)/Liquefied Petroleum Gas (LPG) tankers being built for Anthony Veder, the Netherlands based shipping company specialised in gas transportation. The contract was signed with AVIC-International Shanghai and Avic-Dingheng Shipbuilding Co. […]

  • Clarksons: Shipping Industry Could Keep Its Big Break Going

    11 October 2016

    Given the current conditions, the shipping industry needs supply-side re-positioning to help the markets back to improved health, and increased recycling in recent years has been a clear part of this, according to Clarksons Research. Since the start of 2009, a total of 206.6 million gross tons of shipping capacity has been sold for recycling, […]

  • TEN Sells Its Oldest VLCC for Scrap

    27 April 2018
    Business & Finance

    Tsakos Energy Navigation has availed of the strong demolition prices to sell its oldest very large crude carrier.

  • Videotel Meets Rising LNG Market Needs

    6 March 2014

    Videotel now offers the most extensive portfolio of training for the LNG sector available in the marketplace. Working with experts across the globe – BP Shipping, Shell, Maersk and SIGTTO, amongst many others – it has created a comprehensive package of training covering the essentials required when operating in this important market. Nigel Cleave, CEO […]

  • CPLP Acquires Three Newbuild Vessels

    17 September 2013
    Business & Finance

    Capital Product Partners L.P. (CPLP), an international diversified shipping company announced on September 12, the successful acquisition of three 5,023 TEU container vessels, namely the M/V CCNI Angol (ex Hyundai Prestige), the M/V Hyundai Privilege and the M/V Hyundai Platinum, from its sponsor Capital Maritime & Trading Corp. (Capital Maritime) for an aggregate purchase price […]

  • Minister: Oil Market Unaffected by Trump’s Move on Iran Nuclear Deal

    23 October 2017

    The global oil market has not been affected by the recent move by the US President Donald Trump regarding the Joint Comprehensive Plan of Action (JCPOA) agreed with Iran and six other powers in 2015, Iran’s Petroleum Minister, Bijan Namdar Zanganeh is quoted as saying by the Business Standard. According to Zanganeh, the market remained unfazed […]

  • SOHAR Port and HYNAT to develop natural hydrogen value chain in Oman

    29 July 2025
    Business Developments & Projects, Collaboration, Exploration & Production, Infrastructure, Outlook & Strategy, Ports & Logistics, Research & Development, Storage, Transition

    SOHAR Port and Freezone has signed a memorandum of understanding (MoU) with Swiss company HYNAT to develop a natural hydrogen value chain in Oman.

  • Navios Maritime Acquisition’s Net Income Surges in 2015

    11 February 2016
    Business & Finance

    As 2015 was a strong year for the tanker shipping market, the Monaco-based owner and operator of tanker vessels Navios Maritime Acquisition Corporation said that its full year net income skyrocketed to USD 89.7 million from USD 13 million reported in 2014. The fourth quarter of 2015 turned out to be a bit slower than a year before as […]

  • TOP Ships’ JV Offloads MR2 Pair

    24 February 2020
    Business & Finance

    TOP Ships’ JV sells M/T Holmby Hills and M/T Palm Springs.

  • Sweden: Pallas Group to Acquire Bunker Vessel ‘SP DUBLIN’

    15 April 2013
    Business & Finance

      Pallas Group AB, a shipping company based in Sweden, announced that it has entered into a Letter of Intent (LOI) with German company Medallion Reederei Gmbh for the acquisition of the bunker vessel MT SP Dublin along with the associated charter contract with Bominflot Bunkers Gibraltar. Both parties aim to complete the deal before […]

  • Expert Teams Provide Underwater Propeller Services

    20 December 2013
    Business & Finance, Operations & Maintenance

    Hydrex teams carried out a wide range of underwater propeller operations on tankers around the world. Among them a propeller blade straightening on a 248-meter ship in Algeciras, Spain, a blade cropping on a 183-meter vessel in Flushing, the Netherlands, and a spinner cone (Propeller Boss Cap Fins –PBCF) replacement on a 110-meter vessel in […]

  • Six-Pack for Hyundai Mipo

    10 October 2013

    Navig8 Chemical Tankers Inc. has placed an initial order with Hyundai Mipo Dockyard Co. Ltd. (HMD) for six 37,000 dwt IMO2 eco-design chemical tankers. The newbuilds will have the length of 184 meters, breadth of 27.4 meters and the height of 17.2 meters. The construction is scheduled to start in May 2014 with the delivery planned for […]

  • Report: Navig8 Adds More Ships to Orderbook in China

    29 March 2018
    Business & Finance

    Navig8 Group has increased its orderbook with up to six more vessels, data provided by Asiasis shows.

  • Top Ships Launches Fleet Modernization

    13 December 2013

    An international maritime shipping company Top Ships has placed an order for a 39,000-dwt ECO-type product/chemical tanker with Hyundai Mipo Dockyard, the Greek shipowner revealed in a regulatory filling. The tanker, worth USD 35 million, will be completed and delivered by the Korean shipbuilder, specializing in product carriers, in 2015. The newbuilding is financed from […]

  • Interview: Insight into Piracy

    6 January 2015
    Business & Finance

    The 2014 has been a pretty eventful year with respect to pirate activities, seeing a tragic end with a crew member of a Vietnamese tanker VP Asphalt 2 being killed in a hijacking attack off the eastern coast of Malaysia in December. On the other hand, pirate suspects being taken before European courts were given compensation for […]

  • Irish Managed Cargoship Sinks After Collision Off UK

    14 December 2011

      After a collision with a Greek owned chemical tanker on Friday, Irish managed general cargoship Florece sank offshore UK. Seven crew members have been rescued from the Dominican flagged vessel. The unfortunate mishap took place in the Bay of Biscay. Florece, the 88m cargoship managed by Greystones based Berg Maritime Management, collided with the […]

  • Grimaldi Group Orders Five ConRo Vessels from South Korea

    29 November 2012

    Despite talks of capacity overload and poor market conditions, new ship orders are still coming in. Following in the footsteps of JO Tankers that placed an order of two Stainless Steel Chemical Tankers with Nantong Mingde Heavy Industry last week, an Italian shipping group Grimaldi also decided to add new units to its orderbook, according […]

  • Marmaras Navigation Buys Two Newbuilding Resales

    13 December 2016
    Business & Finance

    Singapore-based shipping company GC Tankers has sold two very large crude carriers (VLCC), which are being built by China’s shipbuilder Jinhai Heavy Industry, to Greek shipowner Marmaras Navigation, VesselsValue’s data shows.  The price of the two 320,000 dwt newbuildings was not disclosed. The market value of each of the two vessels stands at USD 61.64 million, according […]

  • Spotted: Armada Pride Ready to Serve

    3 September 2015
    Business & Finance

    Turkish shipbuilder Armada Shipyards, part of Palmali Group, launched the Armada Pride, the thirteenth 7,150-dwt tanker within the Project RST22M, and the second of five to be built by this shipyard on September 2, 2015.  Istanbul-headquartered Palmali Group, a shipping company operating in the Mediterranean, the Caspian and the Black Sea, signed a contract with Armada Shipyard for […]

  • Ex China Shipping Development Manager Gets 6 Years in Prison

    22 December 2014
    Business & Finance

    Shanghai No.1 Intermediate People’s Court found Mao Shijia, former general manager of China Shipping Tanker Company, a subsidiary of China Shipping Development, guilty of corruption and sentenced him to six years in prison. The court also sentenced Liu Houping, former assitant general manager at China Shipping Tanker Company, to three years and six months in jail […]

  • Atlas Maritime Sends Aframax to Navig8’s V8 Pool

    23 June 2017
    Business & Finance

    Greece-based shipping company Atlas Maritime has become the latest shipowner to join Navig8’s V8 Pool. The pool operator said that the company will deploy its Aframax tanker MT Lady M in the coming days. Featuring 115,400 dwt, the 2003-built tanker will take the number of vessels committed to the V8 Pool to 19 units. Since the […]