10000 results found for 'tanker'

10000 results found for 'tanker'
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  • BIMCO: Strong Tanker Demand to Resume

    16 March 2015
    Business & Finance

    Demand for crude oil and oil product tankers is currently strong and both segments are enjoying an extended winter season with high earnings, according to BIMCO. Spot market earnings in January for VLCC and Suezmax reached USD 70,000 and USD 65,000 per day at the peak respectively. For the product tankers, Handysizes peaked at USD […]

  • Hafnia Tankers Ends 2017 in Red

    23 March 2018
    Business & Finance

    Hafnia Tankers ended 2017 in loss, driven by a weakened product tanker market witnessed during the year.

  • Navig8 Chemical Adds New Tanker

    27 June 2016
    Business & Finance

    Chemical shipping company Navig8 Chemical Tankers Inc. has taken delivery of its first stainless steel chemical tanker, the Navig8 Sirius, from Japanese shipbuilder Kitanihon Shipbuilding Co. Ltd. Featuring 25,000 dwt, the Navig8 Sirius is the first of six vessels contracted at Kitanihon to be delivered to the company. The Navig8 Sirius will be entered into and operated in Navig8 Group’s […]

  • Shell bunkers Sovcomflot’s LNG-fueled Aframax tanker

    4 October 2018
    Vessels

    The Hague-based Shell bunkered Sovcomflot’s LNG-fueled newbuild Aframax tanker, the Gagarin Prospect at the Port of Rotterdam.

  • Scorpio Tankers Swaps Handymaxes for MRs

    24 August 2015
    Business & Finance

    Monaco-based Scorpio Tankers informed that it has amended its agreement with Hyundai Mipo Dockyard Co. Ltd. of South Korea (HMD) to construct MR and Handymax product tankers.  Under the amended deal, Scorpio has contracted for four MR product tankers to be built at HMD, replacing the previous order for two MR product tankers and two Handymax product tankers. […]

  • Norden Adds MR Product Tanker

    8 June 2017
    Business & Finance

    Danish shipping company Dampskibsselskabet Norden A/S (Norden) has purchased a 2009-built MR product tanker with a cargo capacity of 50,000 tonnes, taking advantage of low asset prices on the back of weakening tanker markets. The South Korean-built vessel is expected to be delivered in July 2017 and will be renamed Nord Pearl. The purchase marks Norden’s […]

  • Tanker Ordering Frenzy Winding Down

    23 June 2015
    Business & Finance

    Tanker newbuilding activity in the second quarter of the year is showing signs of slowing down compared to the first quarter, though the market remains ”robust in terms of numbers,” the London-based shipbroker Gibson said in its tanker report. The first quarter of the year saw the highest tanker newbuilding activity since 2007, but the second […]

  • KNOT’s Shuttle Tanker to Work for Total

    28 August 2019
    Business & Finance

    Knutsen NYK Offshore Tankers AS (KNOT) concludes a time charter contract with Total for a shuttle tanker newbuilding.

  • Yacht and gas tanker in collision

    17 April 2007

    A yacht has been towed to safety after a collision with a ship carrying liquid petroleum gas off the Suffolk coast. Great Yarmouth Coastguard was alerted to the accident on Monday evening by two people on board the 45ft yacht, which was taking on water.

  • Greece Keeps the Lead in Tanker Ordering

    22 October 2015

    Despite a substantial fall in overall ordering this year, tanker contracting has been robust with 207 ships of 16.6m GT reported of being ordered so far this year, which is already above full year 2014 in terms of GT, according to data released by London-based Clarksons. Greece remained on top of the ordering chain, having […]

  • Navig8 Chemical Tankers Remains in the Red

    11 May 2018
    Business & Finance

    Lower charter rates pushed Navig8 Chemical Tankers deeper into loss in the first quarter of this year.

  • Ultranav, Beyond the Sea to install kite-based propulsion system on chemical tanker

    19 May 2025
    Business Developments & Projects, Collaboration, Infrastructure, Innovation, Outlook & Strategy, Vessels

    Chile-based shipping group Ultranav has entered into a co-development agreement with Beyond the Sea, a French pioneer in kite-powered propulsion, to bring kite-powered propulsion to commercial shipping.

  • Maersk Tankers Sale Wrapped Up

    11 October 2017
    Business & Finance

    Danish shipping and energy conglomerate A.P. Møller – Mærsk A/S (APMM) has completed the sale of its tanker business Maersk Tankers A/S to one of its subsidiaries APMH Invest A/S. “Today, the sale has been completed and the shares in Maersk Tankers A/S have been transferred to APMH Invest A/S,” the group said in an […]

  • Tanker Investments Adds Six Suezmaxes

    15 December 2014
    Business & Finance

    Oslo-listed investment company Tanker Investments Ltd. has agreed to acquire six, modern Suezmax tankers for an en bloc purchase price of USD 315 million. The fleet consists of four, 2009-built and two, 2010-built Suezmaxes constructed by Rongsheng Heavy Industries Group Ltd. and are expected to be delivered to Tanker Investments during the first half of […]

  • Navios Acquisition Disposes of Chemical Tanker

    18 November 2016
    Business & Finance

    Greek tanker owner Navios Maritime Acquisition Corporation (Navios Acquisition) has informed that it closed the sale of the Nave Constellation, a 2013-built chemical tanker.  The 50,000 cbm vessel was sold for USD 36.4 million to an unnamed buyer. Navios Acquisition revealed it used USD 16.4 million of the total amount for repayment of debts. According […]

  • Knutsen Sells Suezmax Shuttle Tanker

    3 November 2016
    Business & Finance

    Norwegian shipowner Knutsen NYK Offshore Tankers, a company established by Knutsen and Nippon Yusen Kaisha, has reached an agreement to sell its 2015-built Suezmax shuttle tanker for a price of USD 116.5 million, according to data provided by VesselsValue. Featuring a length of 276.3 meters and a width of 46 meters, the Raquel Knutsen was sold to […]

  • Tanker Orders Ramp Up in Q2

    17 August 2017

    The second quarter of the year saw a total of 32 product tankers ordered as owners rushed to quench their thirst for newbuilding tonnage amid attractive asset prices. A total of 10 Handysize vessels and 22 Middle Range (MR) tankers have been ordered along with 18 Long Range (LR) 2 vessels, which corresponds to 2.4% […]

  • Tanker Catches Fire at Vietnamese Port

    12 March 2018

    A tanker docked at a Vietnamese port burst into flames following an explosion on March 10, according to Hai Phong Port Authority.

  • Philly Tankers Lines Up Charters

    26 February 2015
    Business & Finance

    The US Jones Act tanker operator Philly Tankers LLC, a wholly owned subsidiary of Philly Tankers AS, has entered into binding long-term time charter contracts with an unnamed US operator for the two 50,000 dwt product tankers the company has on order with Aker Philadelphia Shipyard (AKPS). The charters will commence after delivery of the vessels in 2016 […]

  • Tanker management company Sokana relaunched

    3 June 2020
    Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Vessels

    Sokana, a tanker management company operating in the chemical and product segments, was relaunched on 2 June as a joint venture.

  • New methanol-ready product tanker joins Algoma

    29 April 2025
    Infrastructure, Vessels

    Canadian shipping company Algoma Central Corporation and compatriot refining company Irving Oil have welcomed the first new methanol-ready product tanker.

  • Scorpio Tankers Bags a Second-Hand

    28 July 2015
    Business & Finance

    NYSE-listed tanker operator Scorpio Tankers has entered into an agreement to purchase one 2014-built MR product tanker from an unrelated third party for around USD 37.1 million. The tanker was built at SPP Shipbuilding Co., Ltd. of South Korea, and is expected to be delivered to Scorpio Tankers in August 2015. The company currently owns 76 tankers with an average age […]

  • Tanker Investments Eyes Share Repurchase

    23 October 2014
    Business & Finance

    Marshall Islands-based tanker company Tanker Investments Ltd. (TIL) expects to report a net loss in the range of USD 0.01 to USD 0.03 per share for the third quarter of 2014, the company said in its earnings guidance for the three months ended September 30, 2014. TIL’s board of directors has authorized a share repurchase program to […]

  • Tanker Scrapping Highest Since 1982

    9 April 2018
    Business & Finance

    Tanker scrapping increased significantly in the first quarter of 2018.

  • Suezmax Tanker Joins NAT’s Fleet

    28 February 2017
    Business & Finance

    Bermuda-based tanker owner Nordic American Tankers Limited (NAT) has expanded its fleet as it took delivery of a newbuilding Suezmax tanker on February 27. Nordic Space, the company’s second Suezmax newbuilding tanker, was constructed by South Korean Sungdong Shipbuilding and Marine Engineering. The 158,000 dwt ship, which was christened on August 24, 2016, has started its […]