10000 results found for 'tanker'

10000 results found for 'tanker'
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  • Teekay Tankers Orders Four LR2 Product Tanker from South Korea

    8 April 2013
    Business & Finance

    Teekay Tankers Ltd. announced today that it has entered into an agreement with STX Offshore & Shipbuilding Co., Ltd., (STX) of South Korea for the construction of four, fuel-efficient 113,000 dead-weight tonne (dwt) Long Range 2 (LR2) product tanker newbuildings for a fully built-up cost of approximately $47 million each. The agreement with STX also […]

  • BASF and Stolt Tankers introduce low-water chemical tanker Stolt Ludwigshafen

    29 May 2023
    Green Marine, Vessels

    Norwegian chemical tanker company Stolt Tankers and Germany-based chemical producer BASF have hosted a christening ceremony for the new low-water inland tanker Stolt Ludwigshafen. The vessel was named at BASF’s Ludwigshafen site on May 26, 2023. The ship’s godmother, Barbara Hoyer, Vice President of BASF, who played a key role in the project, wished the ship […]

  • Odfjell Hires Four Chemical Tanker Newbuilds, Forms Tanker Pool with Sinochem

    14 November 2017
    Business & Finance

     Norwegian shipping and tank terminal company Odfjell SE has signed a framework agreement with Sinochem Shipping Singapore whereby Odfjell will take four newbuilding 40,900 dwt chemical tankers on long-term bareboat charters. The bareboat charters include purchase options at the end of the charter period. The four ships are part of a total newbuilding order of eight chemical tankers. […]

  • Sogestran takes majority stake in De Poli Tankers to jointly buy TTI’s chemical tanker business

    27 November 2020
    Business Developments & Projects, Vessels

    French transportation company Sogestran Group has agreed to acquire a majority stake in De Poli Tankers, an integrated chemical tanker company based in Barendrecht, the Netherlands.

  • Advantage Tankers & Advantage Products to Retrofit 16 Tankers with Alfa Laval’s BWMSs

    21 December 2018
    Business & Finance, Rules & Regulation

    Advantage Tankers & Advantage Products team up with Alfa Laval for ballast water treatment retrofits of 16 tankers.

  • Product Tanker Giant Is Created

    18 January 2019
    Business & Finance

    BW Tankers Limited and Hafnia Tankers have completed their merger.

  • Aker Philadelphia Sells Tankers to Marathon

    22 September 2015
    Business & Finance

    U.S. shipbuilder Aker Philadelphia Shipyard, Inc. (APSI) has concluded the buy-out agreement with a subsidiary of Marathon Petroleum Corporation (MPC) for APSI’s interest in its joint venture with Crowley Maritime Corporation related to the operation and chartering of four 50,000 dwt product tankers. The transaction is based on an enterprise value of USD 150 million per […]

  • Scorpio Tankers Orders Two Product Tankers from HMD (South Korea)

    23 January 2013
    Business & Finance

    Scorpio Tankers Inc. announced yesterday that it has reached an agreement with Hyundai Mipo Dockyard Ltd. of South Korea for the construction of two 50,000 deadweight ton product tankers to be delivered in May and June 2014. In addition, the Company has taken delivery of four previously announced time chartered-in vessels. Newbuilding vessel orders The […]

  • Aker Philadelphia Sells Tankers to Marathon

    22 September 2015
    Business & Finance

    U.S. shipbuilder Aker Philadelphia Shipyard, Inc. (APSI) has concluded the buy-out agreement with a subsidiary of Marathon Petroleum Corporation (MPC) for APSI’s interest in its joint venture with Crowley Maritime Corporation related to the operation and chartering of four 50,000 dwt product tankers. The transaction is based on an enterprise value of USD 150 million per […]

  • TEN Fixes Tanker Trio

    12 December 2017
    Business & Finance

    Tsakos Energy Navigation has found work for three of its ships, an Aframax crude tanker and two MR product carriers.

  • Maersk Sells Maersk Tankers

    20 September 2017
    Business & Finance

    Danish shipping and energy conglomerate A.P. Møller – Mærsk has today signed an agreement to sell Maersk Tankers to APMH Invest A/S, a subsidiary of A.P. Moller Holding for USD 1.17 billion in an all-cash transaction. A.P. Moller Holding plans to establish an ownership consortium for Maersk Tankers’ fleet with Japan’s Mitsui & Co. Ltd. […]

  • Croatia: 3. Maj Shipyard Launches New Tanker Built for Wisby Tankers

    16 March 2012
    Business & Finance

    At a ceremony held on March 13, a newbuild 716 was launched from the Slipway No. 2. This is the first of a series of four tankers the shipbuilder 3. Maj has constructed for the Swedish company WISBY TANKERS. The tanker, designed to carry concrete, oil and chemicals, is 133 meters long and 23 meters […]

  • Advantage Tankers to welcome new eco-friendly tankers as global fleet balloons

    27 January 2025
    Vessels

    As the number of newbuild tankers to be welcomed in 2025 swells, Swiss shipping player Advantage Tankers is gearing up to expand its fleet with a dual-fuel 319,000 dwt crude oil tanker and a dual fuel-ready 157,000 dwt Suezmax tanker trio. It is understood that the 319,000 dwt newbuilding is currently under construction at China’s […]

  • Suezmax Tanker Market Strong

    20 November 2014
    Business & Finance

    The recent drop in the oil price is positive for world tanker business, Herbjørn Hansson, Chairman & CEO of Nordic American Tankers Limited (NAT) said in a letter to the company’s shareholders. According to Hansson, the Suezmax tanker market is strong at the moment and the upswing in Suezmax tanker rates in the recent past may […]

  • Scorpio Rejuvenates Tanker Fleet

    16 September 2014
    Business & Finance

    Scorpio Tankers Inc., a global provider of marine transportation for petroleum products,  announced today that it has added seven newbuilding vessels to its fleet, all recently delivered. The deliveries are as follows: STI Madison and STI Park, LR2 product tankers, were delivered from Hyundai Samho Heavy Industries in September 2014. Upon delivery, each vessel began […]

  • Sea Hub Tankers Defaults on Sea Tanker I Demise Charter Contract

    18 September 2017
    Business & Finance

    ES Shipping, a subsidiary of Singapore’s ES Group, has terminated the demise charter contract with compatriot Sea Hub Tankers Pte for the bunker vessel Sea Tanker I. Under the five-year demise charter contract entered into in November 2012, after the ship was delivered from the yard, ES Shipping had agreed to demise charter Sea Tanker I […]

  • Bunker One tanker starts biofuel trials

    12 May 2021
    Business Developments & Projects, Environment, Infrastructure, Outlook & Strategy, Regulation & Policy, Transition, Vessels

    M/T Amak Swan, a tanker operated by marine fuel supplier Bunker One, has commenced trials of using biofuel in its own engine.

  • Scorpio Tankers Prices Shares

    24 May 2017
    Business & Finance

    Monaco-based tanker owner Scorpio Tankers has priced its previously announced underwritten public offering of 50,000,000 shares of its common stock, par value USD 0.01 per share, at USD 4 per share. The offering is expected to close on May 30, 2017. The company has also granted the underwriters a 30-day option to purchase up to […]

  • Teekay Tankers’ Profit Rises

    19 February 2016
    Business & Finance

    Due to the strongest tanker market recorded since 2008, Nasdaq-listed tanker shipping company Teekay Tankers, a part of the Teekay Corporation, has reported an increase in its net income from USD 40.9 million in the third quarter of 2015 to USD 53.5 million in the fourth quarter. The company added that its net income for the full […]

  • Pyxis Tankers Stays in the Red

    11 August 2017
    Business & Finance

    Greece-based product tanker company Pyxis Tankers suffered a net loss of USD 0.8 million in the second quarter of this year, compared to a net income of USD 0.4 million seen in the same period in 2016. However, the company managed to narrow its loss from USD 1.7 million reported in the first quarter of […]

  • MacGregor in Tanker Equipment Swoop

    17 April 2015
    Business & Finance

    MacGregor has secured contracts to supply Pusnes bow loading systems for three newbuild shuttle tankers intended for operations in Brazilian waters. South Korean shipyard Sungdong Shipbuilding & Marine Engineering will install a Pusnes bow loading system on a 157,000 dwt Suezmax DP2 shuttle tanker ordered by the Greek tanker specialist Tsakos Energy and Navigation. The Greek […]

  • Scorpio Tankers Slides into Red

    13 February 2017
    Business & Finance

    Monaco-based tanker owner Scorpio Tankers has plunged into a net loss of USD 29.7 million for the three months ended December 31, 2016, compared to a net income of USD 34.2 million seen in the same quarter a year earlier. The company’s revenue for the quarter also decreased to USD 106 million from USD 178.3 […]

  • First LNG bunkering for cement tanker Greenland

    23 November 2015
    Vessels

    LNG-powered cement tanker Greenland was bunkered on Saturday for the first time with the chilled fuel at the Ferus Smit Westerbroek Yard in the Netherlands.

  • Infograph: Tanker Sizes 101

    17 September 2014

    The global crude oil and refined product tanker fleet uses a classification system to standardize contract terms, establish shipping costs, and determine the ability of ships to travel into ports or through certain straits and channels, T. Mason Hamilton of U.S. Energy Information Association explains. This system, known as the Average Freight Rate Assessment (AFRA) […]

  • Team Tankers Plunges into Red

    1 March 2017
    Business & Finance

    Due to a decline in charter rates and difficult market environment, Bermuda-based chemical tanker owner and operator Team Tankers International suffered a major drop in its full-year net results. Team Tankers saw a net loss of USD 13.1 million in 2016, compared to a profit of USD 455.4 million posted in 2015. During the fourth quarter […]