10000 results found for 'tanker'

10000 results found for 'tanker'
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  • 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 […]

  • 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 […]

  • 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 […]

  • Ardmore Benefiting from Improved Charter Market

    5 November 2014
    Business & Finance

    Irish tanker owner Ardmore Shipping Corporation reported a net profit of USD 117,000 for the three months ended September 30, 2014 as compared to a net loss of USD 920,000,  for the same period in 2013. According to Ardmore, the quarter results reflect strong relative chartering performance combined with efficient operations in an otherwise challenging market environment. Average […]

  • Sovcomflot exits dry bulk sector with sale of Panamax bulker duo

    26 August 2021
    Business & Finance, Vessels

    Russian shipping owner PAO Sovcomflot (SCF Group) has completed its exit from the dry bulk business by selling the last two Panamax dry bulk carriers.

  • KR Certifies First Cybersecurity Compliant Ship

    9 March 2020
    Business & Finance

    KR certified Songa Hawk to be fully cybersecurity compliant.

  • Norden Reports Its Best Quarterly Result in 5 Years

    5 March 2020
    Business & Finance

    Danish shipping company Norden wrapped up 2019 with profit.

  • Spokesperson: Post-Fatality Inspection Finds No Defects on M/T Key Fighter

    4 September 2018
    Business & Finance

    Update: There have been no technical defects found on board M/T Key Fighter or its equipment.

  • Most Popular News of the Week, Jan 20 – 26, 2013

    26 January 2014

    Most Popular News of the Week, Jan 20 – 26, 2013

  • 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 […]

  • 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 […]

  • GulfNav Settles with NAT over Nordic Harrier Case

    10 August 2015
    Business & Finance

    Dubai-listed tanker operator Gulf Navigation Holding has signed a settlement agreement with one of its major creditors, Nordic American Tankers Limited, Bermuda (NAT), over a 2014 arbitration award. The arbitration case related to the 6-year bareboat charter with GulfNav of the Suezmax vessel Gulf Scandic (now named Nordic Harrier) covering the period 2004 to 2010. When the vessel […]

  • NYK Conducts Crisis-Response Drill

    5 July 2013
    Business & Finance

    On July 4, NYK conducted a crisis-response drill based on the scenario of a serious accident occurring on an LNG vessel operated by an NYK Group company. This drill was part of the company’s Remember Naka-no-Se Campaign, which has been conducted over the months of July and August every year since July 1998 to remind […]

  • China and India to Account for 35Pct of Oil Trade

    20 November 2014
    Business & Finance

    China and India will account for about 35% of global oil trade in the next ten to fifteen years, despite China’s commitment to increasing the use of clean power and renewable energy, according to Harald Lone, Chairman and Chief Executive Officer of Newport Shipping Group. The forecast was made during a round-table discussion marking the opening […]

  • RasGas Delivers First Q-Flex Cargo to Barcelona, Spain

    9 May 2012
    Vessels

    RasGas of Qatar announced that it achieved yet another successful milestone when the first Q-Flex vessel delivered Liquefied Natural Gas (LNG) at the Barcelona LNG receiving terminal, Spain. It is not only the first RasGas Q-Flex vessel to discharge LNG at the Barcelona LNG receiving terminal but, it is also the largest the Terminal ever […]

  • Japan: Yokohama Rubber Develops System to Monitor Offshore STS Operation

    27 February 2012
    Equipment, Research & Development

    The Yokohama Rubber Co. said that it has developed a system to monitor offshore Ship-To-Ship (STS) operation. The system incorporates technology from the design of pneumatic fenders and the numerical simulation analysis of dynamic ship motion. This is a comprehensive monitoring system for offshore STS operation, such as when two tankers come alongside to transfer […]

  • TotalEnergies and Shell’s offshore drilling plans at risk as court throws a spanner in the works

    15 August 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Regulation & Policy, Transition

    As oil and gas exploration off South Africa’s coast continues to garner attention, the offshore drilling activities planned by two energy giants, France’s TotalEnergies and the UK-based Shell, have hit a snag, with the Western Cape High Court opting to set aside the South African government’s decision to grant environmental authorization for offshore drilling in Block 5/6/7, along the southwest coast.

  • Fratelli Cosulich, RINA team up on ammonia bunker barge

    3 November 2021
    Business Developments & Projects, Vessels

    Shipping company Fratelli Cosulich Bunkers Singapore (Fratelli Cosulich) has signed a joint development project (JDP) agreement with Italian classification society RINA and Singapore-based vessel design specialist SeaTech Solutions to develop an ammonia bunker tanker design.

  • What Does 2020 Have in Store for Shipping?

    18 December 2019

    Sand: One of the most worrying trends that has developed recently is the falling trade-to-GDP ratio.

  • Moody’s Says Shipping Industry Outlook Stable

    13 October 2014
    Business & Finance

    Moody’s Japan K.K. said its outlook for the global shipping industry is stable, with moderate EBITDA growth expected amid continued vessel oversupply. The outlook was previously changed to stable from negative in April 2014. “We expect mid- to high-single-digit percentage aggregate year-over-year EBITDA growth for Moody’s rated shipping companies over the coming 12-18 months,” said […]

  • Bahri Ships 1st Saudi Aramco Chemical Cargo

    6 April 2018
    Business & Finance

    Bahri is transporting the first chemical shipment from Aramco Trading Company (ATC), a subsidiary of Saudi Aramco. 

  • Triyards Sets Up Ship Repair Subsidiary in Singapore

    6 June 2016
    Business & Finance

    Singapore-based Triyards Holdings Limited has formed a new shipbuilding and repair subsidiary in Singapore, according to the company’s announcement. Triyards’ wholly-owned subsidiary, Triyards Fabrication Services Pte. Ltd. (TFS), has been incorporated with a paid-up capital of USD 2 comprising of 2 ordinary shares. The main activity of TFS would be repairing and building of ships, tankers and other ocean-going vessels, Triyards said, adding that “none […]

  • Best Spot Results for d’Amico in Over Five Years

    6 March 2015
    Business & Finance

    Product tanker owner d’Amico International Shipping recorded the best spot results in the fourth quarter of 2014 in the last five years. Marco Fiori, Chief Executive Officer of d’Amico International Shipping attributed the results to the decline in the crude oil price which increased refiners’ margins, driving up product volumes and therefore tonnage demand and rates. “We can already […]

  • Crowley: Puerto Rico Considers Leaving the Jones Act Behind

    2 May 2016
    Business & Finance

    A recent debate on stabilizing the economy of Puerto Rico also triggered discussions of exempting the island trade from the Jones Act, which could “bring further investment in vessels built in U.S. shipyards to a standstill,” Crowley Maritime Corporation’s Michael Roberts, senior vice president and general counsel, said. Roberts further said that no credible proof was offered to suggest […]

  • DryShips Sells Two Panamax Veterans

    18 June 2018
    Business & Finance

    DryShips is steaming ahead with its fleet rejuvenation strategy and shedding of older tonnage.