10000 results found for 'tanker'

10000 results found for 'tanker'
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  • 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;

  • ABS, DSME to use solid oxide fuel cells onboard VLCCs

    26 November 2020
    Business Developments & Projects, Certification & Classification, Regulation & Policy, Research & Development, Technology, Vessels

    US classification society ABS and South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) have signed a joint development project (JDP) to use solid oxide fuel cell (SOFC) technology to replace at least one of three diesel generators typically onboard a very large crude carrier (VLCC).

  • Costly environmental regulations boost ship scrapping

    13 August 2021
    Infrastructure, Market Outlooks, Regulation & Policy, Rules & Regulation, Vessels

    Costly environmental regulations recently introduced by the UN maritime body International Maritime Organization (IMO) are among the main factors for increased ship demolitions this year.

  • Teekay Corp in a Refinancing Swoop as It Books Bigger Loss in Q1

    19 May 2016
    Business & Finance

    Teekay Corporation has reported a widened loss for the first quarter of this year booking USD 48.8 million GAAP net loss against USD 9.76 million reported in the corresponding period last year. The company’s consolidated cash flow from vessel operations (CFVO) increased to USD 359 million from USD 320.9 million in the prior year, primarily due to […]

  • U.S. LNG exports continue weekly rise

    6 November 2020
    Infrastructure, Ports & Logistics

    Liquefied natural gas (LNG) exports from the U.S. liquefaction facilities have continued to rise week-on-week.

  • Sovcomflot reports drop in first quarter profit

    23 May 2017

    Russia’s largest shipping company Sovcomflot posted a drop in net profit of over 60 percent during the first quarter of 2017.

  • Spotted: Ship-to-Ship Oil Transfer at Sohar Port

    1 July 2015
    Business & Finance

    For today’s spotted article we have chosen a ship-to-ship (STS) transfer of fuel oil that took place last week at Oman’s SOHAR Port and Freezone between crude oil tanker MV Hafid and Panama-flagged tanker M Spirit. The delicate operation, which included light and heavy fuel oil transfer, was conducted by marine cargo transfer company Fendercare Marine. The company handles […]

  • BW Pacific Shelves Oslo Listing and IPO

    13 November 2015
    Business & Finance

    Singapore-based product tanker owner and operator BW Pacific has decided not to go through with plans to list its common shares on the Oslo Stock Exchange and launch a USD 250 million initial public offering (IPO), citing current market conditions as the reason, without providing any detailed clarification. BW Pacific floated the idea of listing its stocks and launching the IPO on Oslo […]

  • Spotted: Ship-to-Ship Oil Transfer at Sohar Port

    1 July 2015
    Business & Finance

    For today’s spotted article we have chosen a ship-to-ship (STS) transfer of fuel oil that took place last week at Oman’s SOHAR Port and Freezone between crude oil tanker MV Hafid and Panama-flagged tanker M Spirit. The delicate operation, which included light and heavy fuel oil transfer, was conducted by marine cargo transfer company Fendercare Marine. The company handles […]

  • Primorsk Files for Bankruptcy Protection

    19 January 2016
    Business & Finance

    Cyprus-registered tanker owner Primorsk International Shipping Ltd. has filed for bankruptcy with the U.S. Bankruptcy Court in New York, writes the Wall Street Journal. The company filed for Chapter 11 having been unable to pay up its debt to Norwegian lenders, especially following its ill-timed expansion that forced the oil carrier to dispose of its fleet. […]

  • Suezmax Crude Carrier Arrested in Singapore

    20 January 2017

    Ambassador, a Suezmax crude oil tanker, has been arrested in Singapore waters, according to Supreme Court of Singapore’s data.  The 153,000 dwt ship, owned by Cyprus-based shipping company Transland Bulk Carriers, was detained for undisclosed reasons in the morning of January 19, 2017. Focal Investigation & Security Agency has been appointed for security and investigation purposes related to […]

  • UANI Calls on Tanzania to Stop Reflagging of Iranian Vessels

    28 November 2012
    Business & Finance

    On Tuesday, United Against Nuclear Iran (UANI) called on Tanzania to immediately investigate and clarify its actions regarding the reflagging of National Iranian Tanker Company (NITC) vessels. While Tanzania stated in August 2012 that it would de-register Iranian ships, reports indicate that NITC vessels have recently been reflagged in Tanzania, including a report from yesterday […]

  • Nigerian cargo heading for Dragon LNG terminal

    16 March 2020

    The UK’s Dragon LNG terminal is scheduled to receive a Nigerian liquefied natural gas cargo at the end of this week. 

  • GasLog, GasLog Partners name COO designate

    23 April 2019

    GasLog and GasLog Partners have named Paolo Enoizi as chief operating officer (COO) designate of GasLog and GasLog Partners.

  • Australia: Santos GLNG ships its 25th cargo

    19 April 2016
    Vessels

    The US$18.5 billion Santos GLNG project in Australia has exported its 25th cargo of chilled gas since it commenced production in 2015. The 25th cargo was loaded during the weekend onboard the South Korean flagged LNG tanker YK Sovereign. The 127,125 cbm vessel was the first Moss-type LNG carrier to travel through the Port of Gladstone since […]

  • Stena Bulk In Major Deal With Neste Oil

    2 October 2006

    Stena Bulk has sold 50 per cent of the tanker Stena Arctica to the Finnish oil company Neste Oil, which will also operate the vessel on a 10-year charter from 1 January, 2007

  • Eitzen Calls for Bermuda Move

    20 February 2015
    Business & Finance

    Eitzen Chemical ASA sent out a letter to its shareholders with a recommendation from the Board to accept the exchange offer from Team Tankers International (TTI) for the company’s move to Bermuda. Team Tankers International  is a company established by Eitzen Chemical with the sole purpose to move its operations to Bermuda. “This is desirable as […]

  • Frontline CEO Robert Macleod steps down

    7 October 2020
    Business & Finance, Human Capital

    Robert Hvide Macleod, Chief Executive Officer of tanker major Frontline Management AS, has decided to step down from his position. Macleod is retiring after six years leading the company through often volatile market conditions. “I would like to thank Robert for his contribution to Frontline. He has led the company through a period of significant fleet growth and […]

  • GulfNav Posts Net Loss but Revenue Jumps

    20 May 2019
    Business & Finance

    Gulf Navigation Holding (GulfNav) ended the first quarter of this year with a net loss.

  • Second Oil Spill in Los Angeles in a Month

    1 April 2016

    The Los Angeles Harbor has been hit with a second oil spill in less than a month following the one involving MOL’s car carrier Istra Ace in early March. Namely, the United States Coast Guard (USCG) received on Thursday morning a report on an unknown quantity of oily-water mixture coming from a holding tank residing on the […]

  • Freight Derivative Trade Volumes Rise in 2018

    10 January 2019
    Business & Finance

    Overall volume of Forward Freight Agreement (FFA) trades increased in 2018, according to the Baltic Exchange.

  • Wood wins North Sea contract with Bluewater

    8 February 2018
    Business & Finance, Infrastructure

    Wood has been awarded a new contract with Bluewater to provide industrial services to the Haewene Brim FPSO vessel in the UK North Sea.

  • Minister Bans Shipbreaking Activities at Gadani Yards

    3 February 2017
    Business & Finance

    The demolition of tankers and liquefied petroleum gas (LPG) carriers at Pakistan’s Gadani shipbreaking yards has been banned, local media said citing the Chief Minister of Balochistan, Sardar Sanaullah Khan Zehri. Following two incidents which caused dozens of fatalities, the shipbreaking activities were stopped until proper safety arrangements are made. The minister informed that these breaking activities would […]

  • APSI Commitment for USD 65 Million Term Loan Expires

    20 January 2014
    Business & Finance

    Aker Philadelphia Shipyard ASA announced today that the commitment letter between its wholly owned U.S. subsidiary, Aker Philadelphia Shipyard, Inc. (APSI) and a group of private lenders that was announced on 14 November 2013 has expired. This commitment had been for a secured term loan of $65 million with a variable interest rate of LIBOR […]

  • Ardmore Sails to Profitable Full Year

    4 February 2015
    Business & Finance

    Cork-based ship owner and operator Ardmore Shipping has posted a third successive profitable quarter and its first profitable full year. The company reported EBITDA of USD 8 million for the three months ended December 31, 2014, an increase of USD 6.5 million from USD 1.5 million for the three months ended December 31, 2013. Ardmore’s […]