10000 results found for 'tanker'

10000 results found for 'tanker'
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  • Fitch Ratings Downgrades Global Shipping Outlook for 2016 to Negative

    11 December 2015
    Business & Finance

    Fitch Ratings has revised the global shipping sector outlook for 2016 to negative from stable in 2015. The rating agency expects muted global trade growth and the economic slowdown in emerging markets to exacerbate overcapacity, leading to declining and volatile freight rates. But performance will vary across the segments, with dry-bulk and container shipping under […]

  • SMOU Recovers Unpaid Wages for Distressed Seafarers

    30 April 2013
    Business & Finance

      The Singapore Maritime Officers’ Union (SMOU) has helped 20 seafarers onboard an arrested tanker called “C Whale” claim their unpaid wages of US$300,000 (S$375,000). The seafarers were denied their wages for three months until they asked for the Union’s assistance in March. Negotiations went on for almost a month until the Union finally secured […]

  • S. Korean shipbuilders enjoy brisk orders in first quarter

    3 April 2007

    South Korean shipbuilders racked up large overseas orders in the first quarter of the year on continued demand for oil tankers and liquefied natural gas (LNG) ships, leaving them on course to exceed their yearly targets, industry sources said Tuesday.

  • Hunter Makes It Official with DSME

    16 May 2018
    Business & Finance

    DSME wins a contract for three VLCCs from Norwegian Hunter Group.

  • Bahri in Clover

    23 October 2015
    Business & Finance

    The National Shipping Company of Saudi Arabia (Bahri) saw its net income rise to SAR 510.3 million (USD 136 million) in the third quarter of 2015 from SAR 84.8 million reported in the same period last year. The company’s gross profit reached SAR 611.2 million, a major increase when compared to the corresponding period from […]

  • One Dead, Three Rescued after Vessel Collision off Nigeria

    27 October 2015

    One person has died and three have been rescued following the collision of the Marshal Islands-flagged oil products tanker MT Elixir with a Nigerian self-propelled barge identified as MT Tank, some 65 nautical miles off the Nigerian coast. The three rescued crew members, of the total of at least 12 reported to be on board MT Tank […]

  • Tullow confirms damage on Jubilee FPSO turret bearing

    8 April 2016

    Oil and gas company Tullow Oil said on Friday that, following an issue with the turret bearing on the Jubilee field, offshore Ghana, an investigation has confirmed that the turret has been damaged.  Namely, Tullow identified the potential issue with the turret bearing in February which was followed by a change to operating procedures at the […]

  • Greece: Navios Maritime Charters Out Newbuild Nave Cetus

    2 November 2012
    Business & Finance

    Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that the Nave Cetus, a new building LR1 product tanker vessel of 74,581 dwt, was delivered on October 30, 2012 from a South Korean shipyard. Nave Cetus has been chartered out to a high quality counterparty for one year at a rate of […]

  • Kherson Shipyard Starts Sea Trials of SVL LOYALTY, Ukraine

    11 July 2013

    The second tanker of RST27 Project SVL LOYALTY, built by Kherson Shipyard (KSY), has been put to sea for trials. The vessel is intended for river-sea transportation of crude oil and oil products, including petrol without limitation as to flashpoint, with provision of simultaneous transportation of two cargo grades. RST27 Project is developed by the Marine […]

  • Milaha boosts half year profit by 26 pct

    28 July 2015

    Doha-based Qatar Navigation (Milaha) informed that its net profit increased 26 percent to QR 651 million in the first half of 2015, as compared with the same period a year before. Milaha, which owns a 30 percent stake in LNG shipper Nakilat, said that the company’s operating revenues increased 22 percent to QR 1.51 billion […]

  • SHI partners up with Zvezda on Arctic LNG 2 carriers

    4 September 2019
    Project & Tenders, Vessels

    South Korean shipbuilding giant, Samsung Heavy Industries has concluded a contract with the Russian Zvezda shipyard to build ice-class LNG carriers for the Arctic LNG 2 project. 

  • National Grid opens Grain LNG truck loading facility, plans expansion

    11 November 2015

    National Grid informed on Wednesday it has opened a truck loading facility at its Isle of Grain LNG terminal in Kent.

  • Fosmax Loads First LNG Cargo from Fos Cavaou Terminal in France

    21 December 2012
    Vessels

    Fosmax LNG loaded an LNG cargo from the Fos Cavaou LNG terminal for the first time, replenishing the tanks  of  the Arctic Spirit. The operation was performed safely and skillfully by teams from Fosmax LNG and Elengy. The reloading service meets the market’s new demands, but is just one of the new services offered by […]

  • Shipping Corporation of India Delivers MV Devprayag to Its Buyer

    30 December 2011
    Business & Finance

      The 47,349 DWT Handymax Bulk Carrier ‘mv Devprayag’, owned by the Shipping Corporation of India (SCI), has been sold. The buyer will undertake its physical delivery. The company had recently handed physical delivery of its bulk carrier ‘mv Rishikesh’, a Handymax Bulk Carrier built in 1986 with DWT 47318.8 MT capacity, to its buyer. […]

  • MOL, COSCO Shipping Ink MOU on LNG, Ethane Carrier Cooperation

    7 August 2019
    Business & Finance

    MOL and COSCO Shipping Energy Transportation (CSET) have decided to further develop their cooperation.

  • ITF: Stranded Newlead Granadino Crew Sent Home

    7 June 2017
    Business & Finance

    An eight-month ordeal for the crew of the vessel Newlead Granadino was brought to an end on May 31 when the final six Filipino seafarers were repatriated. The tanker experienced major engine problems in September 2016 and was detained by the US Coast Guard for repairs, International Transport Workers’ Federation (ITF) informed. ITF added that the tanker was stranded in Baltimore […]

  • Hyundai Cuts Steel for KOTC’s New Gas Carrier

    26 November 2018
    Business & Finance

    Hyundai held a steel cutting ceremony for the first of three VLGCs ordered by KOTC in January 2018.

  • Spotted: Sakigake Blazes Path into LNG Territory

    15 September 2015
    Business & Finance

    Japanese shipping and logistics company NYK recently took delivery of the country’s first LNG-fueled tugboat named Sakigake, roughly translated as the pathfinder or the one that is the first to charge. Sakigake has been chartered to Wing Maritime Service Corporation from NYK, and will be operated mainly at the ports of Yokohama and Kawasaki. This vessel […]

  • Radio Holland to Look After Thome’s Champions

    24 August 2015
    Business & Finance

    Radio Holland, part of Imtech Marine, has signed a Managed Service Agreement (MSA) with Singapore-headquartered Thome Ship Management that will cover nine vessels for four years. The agreement covers a pool of nine chemical oil tankers of around 45,000-50,000 dwt on a 24/7 basis. The MSA covers the maintenance of marine electronic equipment including navigation, […]

  • VIDEO: Take a Tour of Besiktas Shipyard

    1 September 2015
    Business & Finance

    Maintenance is a key aspect of keeping ships in service and improving their durability and life expectancy. Since all ships have to undergo maintenance at a certain stage of their service the crucial thing for owners is to ensure that maintenance operations are executed in a fashion where they don’t cause down time or off hire. In […]

  • Russia: Baltic Shipyard Holds Launching Ceremony for Vessel Mary

    29 December 2011

    Today Baltic Shipyard launched the second vessel of a series of four non self-propelled oil tankers of Project 2734, built by order of the Group of Companies “Baltic Fuel Company” (BFC). The vessel was named “Mary”. “I am grateful to Dmitry Kozak and Georgy Poltavchenko who had acted as guarantors that our orders will be […]

  • Readers’ Picks of the Week (23rd -27th of March)

    29 March 2015
    Business & Finance

    Maersk Line Orders Seven Containerships Maersk Line signed a new building order today with COSCO Shipyard Co., Ltd in Zhoushan China for seven 3,600 TEU container vessels…. Read more Fincantieri: Designing the Drillship of the Future Italian shipbuilder Fincantieri is introducing a new ultra-deep drillship design at OMC Technical conference today, named the Proxima…. Read […]

  • NORDEN Picks LR to Class Its Entire Fleet

    17 June 2015
    Business & Finance

    Copenhagen-based tramp ship operator Dampskibsselskabet NORDEN A/S has contracted Lloyd’s Register to class 57 ships, including the full NORDEN fleet and other externally managed NORDEN owned ships. Some 32 of the ships in the agreement will be transfer of class (ToC) ships and include nine new ships which will transfer to LR upon delivery. In addition, 16 […]

  • Two men found dead on ship at local port

    15 March 2007

    Two crew members died Thursday aboard a refrigerated tanker ship docked at the Port of Manatee, authorities said. The U.S. Coast Guard is still investigating the two foreign nationals’ cause of death, but initial reports suggested it could have been from noxious fumes.

  • Coast Guard Plans Transit for Seabulk Pride

    15 February 2006

    The Seabulk Pride is a double hulled, 601-foot tanker leased by Tesoro. A post incident investigation, completed with the support of divers, found a water ballast tank in its outer hull had two small 5-to-7 inch cracks, which were temporarily repaired