10000 results found for 'tanker'

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• Petrofac Keeps Al Fao Job

  30 October 2014

  Business & Finance, Operations & Maintenance, Project & Tenders

  Petrofac has secured a second contract extension from South Oil Company (SOC) for support on its Iraq Crude Oil Expansion Project. The 12-month extension, worth around US$106 million, comes into effect in December and brings the total value of the contract to more than US$300 million since it was first awarded in 2012. Petrofac is […]

• Monjasa Finds New US Banking Partner, Reports Sales Volume Growth

  

  5 November 2018

  Business & Finance

  Monjasa unveils a new credit agreement in the US on the back of positive sales volume developments across the Americas.

• Platts: Freight Rates Pressured by Falling Bunker Fuel Prices

  20 October 2014

  Falling bunker fuel prices are putting downward pressure on freight rates for dry bulk and tanker vessels operating in Northwest Europe, Platts quoted market sources as saying. As bunker prices account for 70% of the cost of operating a dry bulk vessel, any significant changes in fuel prices will have a knock-on effect on freight […]

• HSHI delivers world’s 1st silent product carrier

  

  20 April 2021

  Certification & Classification, Environment, Innovation, Transition, Vessels

  Hyundai Samho Heavy Industries (HSHI), a shipbuilding arm of Korea Shipbuilding & Marine Engineering, has built and delivered a 115,000 dwt product carrier which has obtained the Silent E-Notation from DNV. The LR2 tanker, named Onex Peace, is owned by UAE-based energy trading company Onex DMCC, and will be employed in Scorpio Tankers’ LR2 Pool, […]

• GMS: Uncertainty Looms over Pakistani Shipbreaking Yards

  7 February 2017

  Business & Finance

  The decision to halt shipbreaking activities at Gadani yards in Pakistan has left many fearing for the fate of new arrivals and clearance permissions on existing deals, according to GMS, a cash buyer of ships for recycling. Namely, the uncertainty arose after Chief Minister of Balochistan, Sardar Sanaullah Khan Zehri, banned all demolition activities related to tankers […]

• Norden in Fleet Optimization Mode

  

  3 May 2018

  Business & Finance

  Norden continued to overhaul its fleet during Q1 with several sales and purchase deals reported.

• Euronav suffers $89.7M loss in “challenging” Q2

  

  12 August 2021

  Business & Finance

  Antwerp-based tanker shipping company Euronav has reported a challenging second quarter of 2021 which ended in a $90 million deficit.

• South Korea: HMD Pens Contract for 20 MR Product Carriers

  6 December 2012

  Korean shipyard Hyundai Mipo Dockyard has been awarded with a contract for 20 Medium Range (MR) product carriers by Sinokor Merchant Marine, according to Fearnleys Weekly report. Reportedly, the contract was signed last week and it comes in the form of 10 formally ordered and 10 optional 52,000-dwt tankers. The delivery is planned for 2014-2015. […]

• Uljanik and ETCA Caspian Jointly Target Gas Shipping Market

  4 April 2017

  Business & Finance

  Croatian shipping company Uljanik Plovidba and Cyprus-based ETCA Caspian Limited have formed a joint venture company for maritime transport and storage of liquefied natural gas (LNG) and liquefied petroleum gas (LPG). The two companies filed, signed and submitted the Memorandum and Articles of Association as well as the application for registration of the new company – […]

• China: CIC Lixin Shipyard Redelivers Mar Adriana

  6 April 2012

  M/V Mar Adriana arrived at CIC Lixin Shipyard in the middle of March, 2012 and began her special survey that lasted for two weeks. With LOA 144 metres and molded breadth 23 metres, the vessel is a chemical tanker. This time the main work scope was the inspection of about 12 sets of cargo pumps, […]

• Magellan Spirit anchored off Sines

  9 February 2015

  Teekay’s 165,500 cbm LNG carrier Magellan Spirit is currently anchored offshore Portugal’s Port of Sines, where REN’s import terminal is located.

• Australia: Santos GLNG ships 20th cargo

  16 March 2016

  Vessels

  The US$18.5 billion Santos GLNG project said on Wednesday it has shipped its 20th cargo of chilled gas since it commenced production in 2015. The 160,000 cbm Cool Runner tanker carrying the 20th cargo left Curtis Island in Gladstone harbour this morning, Santos GLNG said. However, the Santos-led LNG project did not reveal the final […]

• CSL launches three new vessels

  1 March 2006

  Cochin Shipyard Limited (CSL) launched a bulk carrier for the Clipper Group of Bahamas, a tug for Jeddah Port Authority, Saudi Arabia and a platform supply vessel for Sea Tanker Management Group, Norway, on Tuesday.

• OPEC: 30 Pct of Shipowners Won’t Be Compliant with 2020 Sulphur Cap Early On

  

  1 October 2018

  Rules & Regulation

  OPEC expects a significant level of non-compliance with the 2020 sulphur cap.

• NAT Posts Nine-Month Loss

  6 November 2017

  Business & Finance

  Nordic American Tankers (NAT) booked a net loss of USD 34.2 million in the third quarter of this year, widening its loss when compared to the corresponding quarter from last year when the loss equaled USD 7.5 million. For the first nine months ended September 2017, the company’s loss reached USD 53.6 million, a plunge from […]

• Fitch: Global Shipping Outlook Is Negative

  

  2 December 2019

  Based on Fitch Ratings’ new report on the shipping sector’s outlook, there is little room for optimism.

• Frontline adds two scrubber-fitted ECO-type VLCCs to its fleet

  

  29 June 2021

  Business & Finance, Vessels

  Norwegian tanker owner and operator Frontline has entered into an acquisition deal for two scrubber-fitted, ECO-type very large crude carriers (VLCCs) worth a total of $180 million. Frontline said it intends to meet the financing of this acquisition with existing borrowing facilities and establish long term financing closer to delivery of the vessels. The vessels, […]

• Euronav Buying 4th Scrubber-Fitted VLCC Newbuild

  

  6 March 2020

  Business & Finance

  Euronav has entered into an agreement for the acquisition of one VLCC newbuilding contract through a resale. 

• Frontline: Iran to Overcome Insurance Hurdles in a Few Months

  2 March 2016

  Business & Finance

  John Fredriksen-controlled oil tanker shipping company Frontline Ltd. said that there are still some remaining issues related to insurance and payments for cargoes sent from Iran, which could be resolved in two or three months. “We have not lifted anything yet,” Robert Hvide Macleod, Director and CEO of Frontline Management AS, said during a conference call, adding that “two to three months […]

• Greece: NewLead Holdings Ltd Receives New 35.000 DWT Dry Bulk Vessel Navios Serenity

  3 August 2011

  NewLead Holdings Ltd, an international shipping company owning and operating tankers and dry bulk vessels, today announced that on July 28, 2011, the “Navios Serenity,” a new Handysize dry bulk vessel of 35,000 dwt, was delivered from a Korean shipyard to NewLead’s fleet. Mr. Michael Zolotas, president, chief executive officer and interim chief financial officer […]

• Russia: ASW Ship Admiral Panteleyev Escorts 5-Vessel Convoy

  18 October 2011

    Pacific Fleet (PF) large ASW ship Admiral Panteleyev escorts a convoy consisting of five foreign vessels through the piracy-hazardous Gulf of Aden. “On October 16 at 9.30 pm (Moscow time) PF large ASW ship Admiral Panteleyev started to escort a 5-vessel convoy through the Gulf of Aden“, said official spokesman for the Navy. The […]

• Russia’s Novatek looking to build Kamchatka LNG reload facility

  24 October 2017

  Russia’s largest independent natural gas producer, Novatek is planning to build a liquefied natural gas (LNG) reloading terminal on Kamchatka Peninsula in the Russian Far East. The company signed a cooperation agreement with the regional government of Kamchatka on building the facility. Novatek said in a statement on Monday that the facility would allow Arctic ice-class […]

• USA: Sabine Pass Battleground Improvement Project Includes Dredging

  31 October 2011

  American Eagle Tankers has agreed to pay for new picnic and sports facilities at Walter Umphrey Park and improvements to the Sabine Pass…   (chron) [mappress] Source: chron, October 31, 2011;

• UltraStrip Signs Exclusive Robotic Agreement with BAE Systems Subsidiaries

  12 February 2006

  UltraStrip’s robotic technology will perform high speed coating removal services to the shipyard’s customers, including U.S. Navy vessels, oil tankers, cruise ships, bulk carriers, and container ships.

• Kuwait: KOTC to Build LNG Plant

  31 August 2010

  The Kuwait Oil Tanker Company (KOTC) intends to sign a Kuwaiti Dinar 45.5 million ($189 million) contract for the design and construction of…   (arabtimesonline) [mappress] Source: arabtimesonline, August 31, 2010;