10000 results found for 'tanker'

10000 results found for 'tanker'
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  • Aris 13 Hijackers, Somali Forces Clash in Puntland

    16 March 2017

    Somalia’s maritime forces have exchanged gunfire with the pirates, who hijacked the Comoros-flagged bunkering tanker Aris 13, in the country’s Puntland area, John Steed of Oceans Beyond Piracy (OBP) informed via social media. Steed added that the 1990-built vessel, which was hijacked while it was sailing near the Horn of Africa, has moved along the coast of Somalia. EU Naval […]

  • Fitch Ratings: Gloomy Outlook for Global Shipping amid Overcapacity Woes

    5 December 2017

    The outlook for the global shipping industry remains negative, according to Fitch Ratings, as the rating agency doesn’t expect a material improvement in market fundamentals in 2018 due to lingering overcapacity. As explained, both container and bulk markets show signs of a revival, but the longevity of this trend remains uncertain due to limited adherence […]

  • NOC: Sanchi Pollution May Reach Japan’s Ryukyu Islands

    13 February 2018

    Water polluted by Sanchi oil tanker may reach coral reefs in Japan’s Ryukyu Island chain.

  • Bahri posts highest Q2 results in its history

    21 July 2020
    Business & Finance

    Bahri, the world’s largest owner and operator of very large crude oil carriers (VLCCs), recorded a surge of 1,569% in its net profit for the second quarter of 2020, reaching SAR 760.61 million ($ 202.7 million). Total revenue came in at SAR 3.53 billion, up 145% from SAR 1.44 billion recorded in the corresponding period […]

  • Moody’s: BW Group Unfazed by BW Pacific’s Binned IPO

    18 November 2015
    Business & Finance

    BW Pacific Limited not proceeding with its planned IPO and listing on the Oslo Stock Exchange has no impact on the credit rating of its majority shareholder, BW Group Ltd, rated at Ba1 stable, as the decision will have limited implications on BW Group’s liquidity profile or capital structure, according to Brian Grieser, a Moody’s Vice […]

  • Saverys says investing in future-proof ships makes sense now, reveals a pipeline of 120 hydrogen and ammonia-powered ships

    15 January 2024
    Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Rules & Regulation, Transition, Vessels

    Belgian owner of marine and industrial applications CMB.TECH plans to add approximately 120 hydrogen and ammonia-powered vessels to its fleet and has five hydrogen infrastructure projects worldwide in the pipeline, Alexander Saverys, the company’s chief executive, revealed in a capital markets day presentation on Friday. The company is targeting a capital deployment ranging between $3-5 […]

  • Russia: Sovcomflot Inks Deal for USD 700 Mln Loan

    11 December 2012
    Business & Finance

      Sovcomflot (SCF Group) announced that it has signed a new USD 700 million seven year credit facility with a consortium of eight leading international banks, including Citibank, N.A., Bank of America Merrill Lynch N.A., BNP Paribas S.A., DVB Bank SE, ING Bank N.V., Nordea Bank Norge ASA and Skandinaviska Enskilda Banken AB (publ) acting […]

  • Nigeria Seizes Two Vessels Suspected of Crude Theft

    2 October 2015

    An ocean going vessel identified as MT Askja and a barge have been seized by Nigeria’s Join Task Force on the grounds of a suspicion of being involved in loading of stolen crude oil, Platts informed. The troops arrested the vessel together with the eight suspected oil thieves while the vessel was moored along the […]

  • Euronav to acquire CMB.TECH for $1.25 billion

    25 December 2023
    Business & Finance, Business Developments & Projects

    Belgian tanker shipping company Euronav NV and its controlling shareholder CMB NV have entered into a share purchase agreement for the acquisition of 100% of shares in cleantech maritime group CMB.TECH for $ 1.150 billion in cash. Euronav said that the move fits its renewed strategy of diversification, decarbonization, and accelerated optimization of its current […]

  • Industry Majors Put Their Iranian Businesses under Review

    14 May 2018
    Business & Finance, Rules & Regulation

    The announced reinstating of nuclear-related sanctions against Iran is already starting to kick in.

  • Finland: Wartsila Completes First Marine Dual Fuel Conversion

    23 November 2011

    The product tanker ‘Bit Viking’ was the first vessel ever to undergo a conversion by Wärtsilä from heavy fuel oil to liquefied natural gas (LNG) operation. The conversion enables the ‘Bit Viking’ to qualify for lower nitrogen oxide (NOX) emission taxes under the Norwegian NOX fund scheme. The unique fuel conversion of the product tanker […]

  • Ciner Denizcilik Orders Four Suezmaxes at HHI

    12 December 2018
    Business & Finance

    Hyundai Heavy Industries has won an order for four Suezmax tankers from Turikish shipowner Ciner Denizcilik.

  • BIMCO: 2021 to see 3rd lowest level of newbuilding orders in 12 years

    24 June 2021
    Market Outlooks, Outlook & Strategy, Vessels

    2021 is turning out to bring the third-lowest level of newbuilding orders in 12 years, despite new orders for containerships currently at a 14-year high, BIMCO forecasts. The trading world merchant fleet had a capacity of 74,505 ships across 11 main segments covered by the BIMCO ICS Seafarer Workforce Report 2021, at the start of […]

  • Euronav Sells Suezmax Veteran

    30 November 2017
    Business & Finance

    Belgian tanker owner Euronav NV has disposed of another older vessel as it ramps up efforts to shed outdated tonnage and renew fleet. Following last week’s sale of its oldest VLCC, Euronav said today that it has sold the 1998-built Suezmax Cap Georges for USD 9.3 million. The 146,652 dwt vessel was delivered to its […]

  • Concordia Damen scores 40 LNG-fueled barges order

    9 November 2020
    Infrastructure, Vessels

    Dutch shipyard Concordia Damen has signed a contract for 40 dual-fuel barges with institutional investors advised by J.P. Morgan Asset Management.

  • L.G.R. di Navigazione Secures Refinancing Deal

    30 October 2017
    Business & Finance

    Naples-based shipping company L.G.R. di Navigazione has reached an agreement for a USD 28.8 million loan facility, secured by mortgages over two of its medium range ice class tankers. The financing, which was agreed with Italian bank Banca Popolare di Milano S.p.A., is secured by, inter alia, mortgages over the company’s vessels Cenito and Posillipo, according to the international law […]

  • Navig8 Awarded Green Flag by Port of Long Beach

    20 June 2013
    Business & Finance

    On May 30, 2013, Navig8 was recognized and honored by the Port of Long Beach for participating in the Green Ship Program. Navig8 was chosen amongst the select shipping lines that have had the greatest positive impact on Southern California’s air quality in 2012 by complying with the Port’s Green Flag Program. By awarding the […]

  • Uljanik Plovidba Becomes Alpha Adriatic

    30 August 2019
    Business & Finance

    Uljanik Plovidba is changing its name to Alpha Adriatic.

  • Report: Arrest Warrants Requested After Explosion at STX Yard in August

    16 October 2017

    Arrest warrants have been demanded for five people related to the explosion at the South Korean STX Offshore & Shipbuilding yard earlier this year, Yonhap News Agency reported. The explosion, which occurred on an oil tanker under construction in Changwon on August 20, resulted in deaths of four workers. At the time, the workers, in their […]

  • Denmark: NORDEN Sells Two Kamsarmax Units

    27 November 2012

      Market conditions for NORDEN in dry cargo and tankers sector in the third quarter of 2012 were significantly worse than in the same period last year. The company has reported operating earnings (EBITDA) of USD 23 million for this year, down for 13 million when compared to the last year’s score. Despite the figures, […]

  • Latvian Shipping Company to Raise Cash for Shipping Debts

    18 December 2015
    Business & Finance

    Latvian owner and operator of medium and handy size tankers Latvian Shipping Company (LSC) is planning to raise equity capital of EUR 80 million (USD 86.5 million) in an Initial Public Offering (IPO). LSC plans to use the newly acquired capital to pay down existing shipping debts due in 2016 and 2017. The Supervisory Council of LSC is looking […]

  • Time-Lapse Video: FPSO Pioneiro De Libra’s Dry Docking

    25 September 2015

    On September 17, 2015, yet another Libra Project milestone was achieved through FPSO Pioneiro De Libra’s first dry docking at the Jurong Shipyard in the Tuas area of Singapore. Teekay’s team was ready with their timelapse cameras! Her time in dry dock is expected to be quick as she is set to be moved to […]

  • G E Shipping Takes Delivery of Offloaded Jag Akash

    3 September 2015

    Mumbai-based Great Eastern Shipping Company Ltd. (G E Shipping) has taken delivery of the recently sold newbuilding Kamsarmax dry bulk carrier. GE Shipping signed a contract to sell the 81,600 dwt Jag Akash, built by Tsuneishi Heavy Industries (Cebu) Inc., the Philippines, with an unnamed shipping company on August 11. After the sale of the Jag […]

  • BBG starts LNG carrier reloading ops at Bilbao

    29 May 2015

    Spain’s Bahía de Bizkaia Gas (BBG) said it has, for the first time, reloaded a carrier with LNG at its terminal in the port of Bilbao on Monday, May 25.

  • Amur River LNG carrier begins Sakhalin-2 operation

    10 August 2015
    Vessels

    The LNG carrier Amur River recently departed from the port of Prigorodnoye for its first voyage loaded with 149 700 cubic metres of liquefied natural gas from the Sakhalin-2 project.