10000 results found for 'tanker'

10000 results found for 'tanker'
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  • Picture of the day: 1st Q-Max at Dunkirk LNG terminal

    21 November 2017
    Ports & Logistics, Vessels

    France’s Dunkirk LNG import terminal, the country’s fourth regasification facility, received its first ever Q-Max cargo from Qatar. The 266,366-cbm Al Dafna, one of the world’s largest LNG tankers, arrived at the EDF-operated terminal on Sunday, Dunkerque LNG, the terminal operator said in a statement. The 345m long and 54m wide Q-Max carrier is wholly-owned by […]

  • Gazprom, SCF Hold Naming Ceremony for LNG Carrier Velikiy Novgorod

    20 January 2014
    Vessels

    On 20 January, a naming ceremony was held for the new state-of-the-art LNG carrier Velikiy Novgorod, ordered by Sovcomflot group of companies (SCF) for transportation of LNG for Gazprom group. The ship will operate under a long-term time-charter agreement with OAO Sovcomflot and will reinforce positions of Gazprom in the world LNG market, as well […]

  • Tankerska Next Generation Boosts Earnings in “Anaemic” Spot Market

    1 November 2019

    TNG’s fleet currently consists of six MR tankers.

  • Kidnappings Double in 2015, IMB Says

    3 February 2016

    As a result of five attacks off Nigeria, kidnappings doubled from nine in 2014 to 19 in 2015, the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) said in its annual piracy report. ICC IMB added that piracy and armed robbery on the world’s seas is persisting at levels close to those in 2014, despite […]

  • Italy: EMSA Vessel to Assist SMIT Salvage with Bunker Oil Removal from Costa Concordia

    24 January 2012
    Business & Finance

      The EMSA-contracted Stand by Oil Spill Response Vessel Salina Bay arrived this weekend on site of the Costa Concordia to assist SMIT Salvage, who is in charge of the bunker removal and pollution response operations. Preparations are on-going for the removal of the bunker oil from the grounded cruise ship Costa Concordia. The Salina […]

  • Bermuda: Frontline Announces Company Restructuring

    6 December 2011
    Business & Finance

      Frontline Ltd. announces that the restructuring of Frontline has been approved by the Board of the Company and will in the next few days be put forward to their creditors and counterparties for approval. The proposed solution has been made possible through a massive commitment from companys major shareholder; Hemen Holding Ltd. (“Hemen”). The […]

  • Bond Issue for Aker American Shipping

    15 February 2007

    Aker American Shipping ASA (AKASA) intends to issue a bond loan of up to NOK 700 million. The loan will be applied to general working capital purposes related to the construction of the product tankers at its subsidiary Aker Philadelphia Shipyard, Inc. (APSI).

  • BIMCO: Sale of 25-year-old VLCC ends 512 days demolition drought

    18 November 2020
    Business & Finance, Vessels

    The sale of an almost 25-year-old crude oil tanker marks the end of the 4th longest streak of zero VLCC demolitions in history, lasting 512 days, BIMCO said. The 300,500 dwt VLCC named Sam (formerly Zoya 1) experienced a fire while undergoing maintenance in January this year. As Offshore Energy – Green Marine reported, two […]

  • Gina Krog FSO gets clean bill of health

    25 May 2017

    Along with Statoil receiving consent to start production from the Gina Krog field in the North Sea, the Petroleum Safety Authority (PSA) issued a “clean bill of health” for the Gina Krog FSO. The Norwegian safety body carried out an audit of the design and fabrication of the Gina Krog floating storage and offloading vessel and found […]

  • Canada to Boost Ship-Source Oil Spill Preparedness and Response

    8 July 2015

    Canadian Ministry of Transport is launching the Area Response Planning pilot project to improve ship-source oil spill preparedness and response within local communities, Aboriginal groups, the shipping industry, and all levels of government. Area Response Planning is one of the Government of Canada’s measures under the World-Class Tanker Safety System and is tailored to a particular geographic […]

  • Shipping Corporation of India Told to Buy New Ships

    9 May 2016
    Business & Finance

    Shipping Corporation of India (SCI) should purchase new fuel efficient vessels to replace the old ones, the company was told by India’s standing parliamentary committee on transport. The recommendation comes in the aftermath of Shipping Corporation of India’s recovery from its loss making phase since 2011-12, bouncing back to a net profit of Rs.384.41 crore during […]

  • Brightoil Collects USD 200 Mn through Ship Auctions

    12 June 2019
    Business & Finance

    Brightoil Petroleum sold four tankers in Hong Kong and Singapore auctions to repay its liabilities.

  • Eships to double fleet in three years

    16 February 2010

    Emirates Ship Investment (Eships) will be beefing up its fleet with a major investment programme to double its fleet in three years. By the end of the programme, Eships will have over 25 chemical and product tankers and dry bulk carriers.

  • Argentine icebreaker ablaze; 296 abandon fiery ship

    12 April 2007

    A raging fire aboard an Argentine navy icebreaker forced all 296 people aboard to abandon ship in the South Atlantic, where they spent hours in lifeboats awaiting rescue by an oil tanker and fishing vessels, the military said Wednesday.

  • LNG Development Boosts Investments in Dutch Transport Sector and Creates Jobs

    11 July 2013

    The introduction of LNG (liquefied natural gas) as an alternative, cleaner fuel for road transport, inland waterway transport and coastal shipping is expected to bring an extra 2.7 million euros in economic growth and 8,000 man years between now and 2030, in the Netherlands. The development of LNG is therefore of strategic importance to the […]

  • Ocean Yield Provides Financing for NAT’s Suezmax Trio

    4 December 2017
    Business & Finance

    Norwegian shipowner Ocean Yield has inked a deal to acquire Nordic American Tankers’ (NAT) three Suezmax newbuildings with ten-year bareboat charters to NAT.  Ordered by NAT in October 2016, the crude tanker trio is currently under construction at South Korean shipyard Samsung Heavy Industries (SHI). NAT paid 30% of the contract price for each vessel on contract […]

  • GE Shipping contracts to sell Aframax Crude Carrier

    13 September 2007

    GE Shipping has signed a contact to sell its 1986 built Aframax tanker ‘Jag Leher’. This Korean built ship of 107,592 dwt was acquired in November 2003. The ship is scheduled for delivery to buyers in Q3 FY 2007-08.

  • INTERTANKO Calls for Prosecution of Bow Saga Pirates

    6 August 2010

    INTERTANKO calls for the prosecution of the Somali pirates whose attack on the Norwegian 40,085 dwt chemical tanker Bow Saga in the Gulf of Aden Internationally Recognised Transit Corridor was frustrated by the Spanish frigate Victoria, where the pirates are now being detained.

  • SFL splashes $1 billion on five LNG dual-fuel containerships

    3 July 2024
    Vessels

    Bermuda-based shipowner and charterer SFL Corporation has placed an order to build five liquified natural gas (LNG) dual-fuel containerships.

  • Euronav splashes $112 million on VLCC newbuild

    16 August 2023
    Business & Finance, Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Vessels

    Belgian tanker shipping major Euronav has entered into a deal to buy a Very Large Crude Carrier (VLCC) newbuild from an undisclosed party, paying $112.2 million for the vessel. Under the deal, the company has an option for an additional VLCC newbuild. Euronav said that it has two months to decide whether it would exercise […]

  • Erik Thun orders next-gen dry cargo vessels

    9 February 2022
    Business Developments & Projects, Environment, Infrastructure, Market Outlooks, Outlook & Strategy, Regulation & Policy, Vessels

    Swedish shipping company Erik Thun Group has ordered two new dry cargo vessels from Dutch shipyard Ferus Smit in an effort to replace some of the existing vessels with newbuilds.

  • Norden Swings to Q1 Loss amid Dry Cargo Woes

    4 May 2016
    Business & Finance

    Miserable conditions in the dry bulk market have pushed Danish shipping company Dampskibsselskabet NORDEN A/S (Norden) to a loss of USD 5 million in the first quarter of 2016, compared to a profit of USD 27 million in the same period last year.  The company’s operating earnings also reached a loss of USD 1 million. In […]

  • Capital Adds Third Dropdown Newbuilding

    2 July 2015
    Business & Finance

    Nasdaq-listed diversified shipping company Capital Product Partners L.P. (Capital) has acquired the 2015-built chemical/product tanker M/T Amadeus, the third of five dropdown vessels the company had agreed to buy from its sponsor, Capital Maritime & Trading Corp. The 50,000 dwt M/T Amadeus was built at Samsung Heavy Industries’s yard in Ningbo, China. Capital signed the vessel acquisition agreement […]

  • Iran’s NITC Expects First Supertanker Delivery from China in May

    13 April 2012

      Based on the information published by Reuters, Tehran- based oil shipping company NITC, expects arrival of the first out of 12 ordered supertankers in May. The construction is taking place at Waigaoqiao Shipbuilding Co Ltd, a China CSSC Holdings Ltd unit based in financial hub Shanghai, and Dalian Shipbuilding Industry Co. Ltd, based in […]

  • Norway: Teekay Offshore Acquires Dynamic Positioning Unit from Remora

    12 November 2012
    Business & Finance

    Teekay Offshore Partners (Teekay Offshore or the Partnership) announced that it has entered into an agreement to acquire a 2010-built HiLoad Dynamic Positioning (DP) unit from Remora AS (Remora), a Norway-based offshore marine technology company, for a total purchase price of approximately $55 million. The HiLoad DP unit is a self-propelled dynamic positioning system that […]