10000 results found for 'tanker'

10000 results found for 'tanker'
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  • d’Amico Delays Delivery of LR1 Tankers

    2 March 2017
    Business & Finance

    Tanker shipping company d’Amico Tankers has reached an agreement with South Korean Hyundai Mipo Dockyard to postpone the delivery of its first newbuilding long range (LR1) vessel. Under the deal reached in February 2017, the company pushed the delivery of the 75,000 dwt ship from April 2017 to October 2017. d’Amico Tankers said that the agreement follows […]

  • AET Taking Over Remaining Stake in Paramount Tankers

    22 April 2016
    Business & Finance

    Singapore-headquartered petroleum logistics unit of MISC Berhad, AET, has agreed to purchase the remaining 50% of Paramount Tankers that it currently jointly owns under a 50/50 joint venture agreement with Golden Energy Tanker Holdings. Paramount Tankers is a JV which owns and operates six Aframax vessels. Commercial management is delivered by AET and technical management […]

  • Crew of Hijacked Indonesian Tanker Found

    27 October 2014

    Eleven crew members of the hijacked Indonesia-flagged product tanker Srikandi 515 have been found in lifeboats by Malaysian fishermen, according to Skala Times. The tanker loaded with 3,100 tonnes of palm oil was hijacked while transiting the Sampit shipping channel on October 9, the news site writes. Srikandi 515, owned by Lima Srikandi Jaya, departed Sampit, Kalimantan Tengah, on October […]

  • Maersk Tankers, Cargill to launch a joint bunker procurement service

    23 February 2021
    Business & Finance, Collaboration, Vessels

    Maersk Tankers and commodity trader Cargill have formed a partnership that will see the two companies combine their bunker volumes. The partnership will offer a new bunker procurement service to tramp shipping companies and trading houses. Initially, the goal is to procure bunker fuel for Cargill and Maersk Tankers’ combined fleet of over 900 vessels, […]

  • Team Tankers Ups Loan Facility

    20 October 2015
    Business & Finance

    Bermuda-headquartered chemical tanker owner and operator Team Tankers International has increased its existing USD 100 million loan facility by additional USD 50 million. ABN AMRO has joined the facility as the lender of the additional funds, with the remaining USD 100 million provided by  SEB and NIBC Bank. “We are delighted to establish a relationship with […]

  • Arcadia Shipmanagement Disposes of Suezmax Tanker

    30 January 2017
    Business & Finance

    Greek shipping company Arcadia Shipmanagement has decided to sell Aegean Navigator, a Suezmax tanker, to Shipping Corporation of India (SCI), according to data provided by VesselsValue.  The 158,700 dwt vessel was sold for USD 31 million on January 27, 2017. Market value of the crude oil carrier currently stands at USD 28.25 million, VesselsValue’s data shows. […]

  • EU Orders Report on Tanker Security

    20 June 2012

    Brussels is to study the consequences of a terrorist attack on a tanker carrying liquefied natural gas, oil or chemicals. The European Commission’s mobility and transport directorate has called for tender documents on the study — the latest in a series of maritime security reports — to be submitted by August 15. The purpose of […]

  • Robbers Board Tanker off Venezuela

    26 March 2019

    Three robbers armed with knives boarded a crude oil tanker off Venezuela. 

  • US: Iranian Tankers Are a Floating Liability

    9 November 2018

    Hook: Iranian tankers are now a floating liability.

  • Infographic: Highest Valued Tanker Company

    25 August 2015

    In this week’s infographic we presents to you the Highest Valued Company operating in the tanker market. The company that tops the extensive list of tanker owners and operators is Monaco-based Scorpio Tankers, boasting a fleet worth USD 3.3 billion. Scorpio Tankers owns 78 tankers with an average age of 1 year, time charters-in 17 […]

  • UAE Lays Down the Rules for Tankers

    19 January 2018
    Rules & Regulation

    Foreign flagged tankers carrying crude oil and products in UAE waters have to be less than 25 years old.

  • Newbuild Crude Tankers Rise in Popularity

    20 June 2014

    Low shipbuilding prices and the North American energy boom are leading ship operators and investors to finance billions of dollars into building crude tankers, according to IMDO’s Weekly Market review. New drilling and extraction technology enabling the shale oil and gas boom has triggered plans for LNG projects, led Canada to boost crude exports and […]

  • Scorpio Tankers Takes Delivery of ‘STI Ruby’ (Monaco)

    7 September 2012
    Business & Finance

      Scorpio Tankers Inc. announced on Wednesday (September 5th) that it has taken delivery of STI Ruby, the third MR vessel under its previously announced Newbuilding program. STI Ruby is the third of ten vessels scheduled for delivery under the Company’s Newbuilding program. Upon delivery, the vessel began a time charter for up to 120 […]

  • Hijacked Indonesian-Flagged Tanker Found

    1 December 2014

    The missing Indonesia-flagged tanker Srikandi 515 has been identified and located at approximately 9 nm off Narathiwat province, Thailand by the Royal Thai Navy and Thai Marine Police, anti-piracy watchdog ReCAAP reported in an update on November 27. Thai authorities also apprehended eight perpetrators onboard Srikandi 515, which was reportedly repainted and renamed from “Srikandi 515” to “Chong Li 2”. The palm […]

  • Philly Tankers Lines Up Charters

    26 February 2015
    Business & Finance

    The US Jones Act tanker operator Philly Tankers LLC, a wholly owned subsidiary of Philly Tankers AS, has entered into binding long-term time charter contracts with an unnamed US operator for the two 50,000 dwt product tankers the company has on order with Aker Philadelphia Shipyard (AKPS). The charters will commence after delivery of the vessels in 2016 […]

  • Long Range Tanker Market on Rebound

    11 November 2014

    There has been a significant change in fortunes for struggling long range (LR) tankers in recent months, according to UK-based shipbroker and consultant Gibson. The second quarter figures indicate a switch from the first half’s spot earnings of USD 11,000/day, in which both LR2 and LR1 earnings in the East averaged in October at the […]

  • DMER: Positive Earnings Outlook for Tankers

    5 June 2015
    Business & Finance

    The tanker market dynamics in the short to medium term are skewed in favour of market players as oil prices are expected to stay low and oil producers are not expected to cut supply in a hurry in a bid to protect their market share, Drewry Maritime Equity Research Assessment (DMER) believes. “We see a […]

  • Navig8 Chemical Adds New Tanker

    27 June 2016
    Business & Finance

    Chemical shipping company Navig8 Chemical Tankers Inc. has taken delivery of its first stainless steel chemical tanker, the Navig8 Sirius, from Japanese shipbuilder Kitanihon Shipbuilding Co. Ltd. Featuring 25,000 dwt, the Navig8 Sirius is the first of six vessels contracted at Kitanihon to be delivered to the company. The Navig8 Sirius will be entered into and operated in Navig8 Group’s […]

  • Norden Adds MR Product Tanker

    8 June 2017
    Business & Finance

    Danish shipping company Dampskibsselskabet Norden A/S (Norden) has purchased a 2009-built MR product tanker with a cargo capacity of 50,000 tonnes, taking advantage of low asset prices on the back of weakening tanker markets. The South Korean-built vessel is expected to be delivered in July 2017 and will be renamed Nord Pearl. The purchase marks Norden’s […]

  • Navig8 Chemical Tankers Takes First Fukuoka Newbuild

    26 May 2017
    Business & Finance

    Navig8 Chemical Tankers has taken delivery of the Navig8 Spica, a 25,000 dwt stainless steel chemical tanker, from Fukuoka Shipbuilding in Japan. The Navig8 Spica is the first of two vessels contracted at Fukuoka to be delivered to the company and is the first of two vessels to be delivered under the sale and leaseback […]

  • Product Tanker Hijacked off Indonesia

    7 April 2015

    A product tanker was hijacked by a group of armed pirates while underway off Indonesia. Around 15-25 pirates armed with pistols boarded the tanker some 62nm North of Pulau Uwi, Indonesia, International Maritime Bureau’s (IMB) piracy reporting center informed. Once on board, the pirates took the crew hostage and robbed their belongings. The group fled […]

  • Oil Products Tanker Detained in Singapore

    5 December 2017
    Business & Finance

    The 2012-built oil products tanker Angel Star has been arrested in Singapore waters, Supreme Court of Singapore’s data shows. The 6,500 dwt vessel was detained in the morning hours of December 2, 2017. The reason for the tanker’s detention was not disclosed. Focal Investigation & Security Agency has been appointed for security and investigation purposes related […]

  • Hafnia Tankers Ends 2017 in Red

    23 March 2018
    Business & Finance

    Hafnia Tankers ended 2017 in loss, driven by a weakened product tanker market witnessed during the year.

  • Oil tankers will pay more for liability

    25 February 2006

    Tankers and other liquid-carrying ships calling at New Jersey ports will soon have to carry increased insurance against the chance they spill cargo

  • Aramco orders six oil tankers

    20 February 2006

    State-owned Saudi Aramco has awarded South Korean Daewoo Shipbuilding and Marine Engineering a contract to construct six large oil tankers.