10000 results found for 'tanker'

10000 results found for 'tanker'
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  • It All Boils Down to China

    13 February 2018

    Chinese seaborne imports of iron ore and crude oil have reached the highest levels ever recorded in 2017.

  • Sovcomflot Navigates Back to Black

    29 August 2014
    Business & Finance

    OAO Sovcomflot (SCF), Russia’s largest shipping company, has managed to accrue the net profit of USD 63.6 million for the first six months of 2014, a far cry from the 1H 2013 loss of USD 14.5 million, largely due to improved crude oil market dynamics during the first half of the year.  SCF’s interim report has revealed that: […]

  • France: AXSMarine Releases Enhanced Version of its Chartering Tools

    27 October 2011
    Business & Finance

    AXSMarine, a shipping software company providing online chartering tools coupled with an array of in-house databases, is launching an enhanced version of its tanker software. AXSTanker, a unique and exclusive service offering reserved for tanker brokers only, has evolved to adapt to new market requirements. The enhanced product includes a new messageboard, a fixtures tool […]

  • Euronav comes out with its own proposal for Supervisory Board changes

    13 February 2023
    Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Outlook & Strategy, Vessels

    Belgian tanker shipping major Euronav has proposed to expand the membership of its Supervisory Board and to revise its structure, in line with the recent shifts in the company’s shareholder base. Namely, Famatown and its affiliated companies, controlled by shipping tycoon John Fredriksen, have built up its stake in Euronav in the aftermath of the […]

  • UK: Lloyd’s Register Issues New Rules for Ice-Class Vessels

    20 April 2012
    Business & Finance

    The first dedicated set of rules for stern-first ice-class ships has just been published by Lloyd’s Register, answering demand for technical support as industry continues to explore the potential of polar transportation routes and the new energy reserves in the far north. The timely release of the rules comes as more and more ships are […]

  • Drewry: Methanol Carriers to Grow in Size

    2 December 2015

    The average size of a methanol ship is expected to increase with the addition of new methanol production capacity by the US and Middle East over the next two years,  UK shipping consultancy Drewry believes. “The average size of a methanol ship is expected to increase considering the long-haul distance between the major sources of supply and demand,” […]

  • Jamaican Bunkering Market Has a New Player

    4 July 2014
    Business & Finance

    Approval has been given for the third bunkering company West Indies Petroleum (WIP) to commence operations in Jamaica.   WIP now joins Aegean Marine Petroleum Network Inc. and Petrotech Marine Petroleum Limited as the retail suppliers of bunker fuel to ships calling at Jamaican ports and transiting its waters. WIP owns and operates a tug […]

  • Taiwan to Get LNG Cargo

    17 June 2012

    Taiwan’s Yung-An LNG terminal is due to receive a cargo of liquefied natural gas next week, according to Kaohsiung Port Authority. The Maersk Ras Laffan LNG tanker, with a capacity of 138,200 cbm, will reach Yung-An terminal on June 18. The Yung-An terminal is Taiwan’s first liquefied natural gas receiving terminal, and it is operated by […]

  • Belgium: Zeebrugge to Re-Export LNG Cargo

    25 January 2012
    Vessels

    Belgium’s Zeebrugge liquefied natural gas terminal is set to re-export a cargo of LNG on February 3, according to the Zeebrugge Port Authority. The cargo will be shipped by the Golar Maria, a 145,000 m3 tanker. The Zeebrugge terminal is operated by Fluxys LNG and has an annual throughput capacity of nine billion cubic meters (bcm) […]

  • New ship being built for NZ sandminer

    30 September 2010

    Japan-based NYK Line is building a new slurry tanker for shipments of New Zealand ironsands to China and Japan. NYK and New Zealand Steel Mining Ltd (NZSM) — the local face of BlueScope, the former BHP conglomerate which controls the Glenbrook steel mill — have agreed to extend their current contract for an additional 15 […]

  • World’s Biggest LPG Shipping Line Idles Four Vessels

    12 March 2010

    BW Gas Ltd., the world’s biggest shipper of liquefied petroleum gas, idled four tankers because rates plunged so low that each vessel was losing the company about $25,000 a day. The Berge Racine will idle until the end of the year, when it will be given to new owners, Andreas Sohmen-Pao, chief executive officer of […]

  • Peru LNG heads for Mexico

    23 September 2014
    Vessels

    Peru’s only LNG export facility shipped a liquefied natural gas cargo to Mexico on Sunday. The cargo is being hauled by the Barcelona Knutsen, a 173,400 cbm tanker, and it is sailing to the Manzanillo import terminal. The liquefaction plant in Pampa Melchorita has exported 228 cargoes since its startup in June of 2010, according to […]

  • Qatari LNG Bound for Belgium

    11 October 2012
    Vessels

    The Al Thumama LNG tanker, with a capacity of 216,200 cbm, is due to arrive in the Zeebrugge LNG terminal from Qatar on October 27, according to port data. The Zeebrugge LNG terminal is situated on a 30ha site in the outer port of Zeebrugge, Belgium. It is operated by Fluxys LNG and has an annual […]

  • Taiwan: LNG Carrier Due at Yung-An Today

    26 March 2013
    Vessels

    Taiwan’s Yung-An LNG terminal is due to receive a cargo of liquefied natural gas from Indonesia today, according to the Kaohsiung Port Authority. The Golar Mazo tanker, with a capacity of 135,000 cbm, is sailing from Indonesia’s Bontang LNG terminal. The Yung-An terminal is Taiwan’s first liquefied natural gas receiving terminal, and it is operated […]

  • President: MOL Needs a Change of Course

    2 April 2015
    Business & Finance

    The business performance of Japanese shipping major Mitsui O.S.K. Lines (MOL) fell short as the company could not achieve its initial target of ¥70 billion in consolidated ordinary income, MOL’s President Koichi Muto said while speaking on MOL’s Foundation Day. According to Muto, the highest priority for the company is to swiftly alter the course of the midterm […]

  • US largest publicly-listed shipping company is born

    15 October 2021
    Business Developments & Projects, Infrastructure, Market Outlooks, Outlook & Strategy, Vessels

    Dry cargo vessel owner and operator Navios Maritime Partners has completed the acquisition of tanker owner Navios Maritime Acquisition Corporation after securing unitholder approvals.

  • Brazil: Teekay Announces FPSO Contract Extension with Petrobras

    23 June 2010

    Teekay Corporation  today announced that it has signed an agreement with Petroleo Brasileiro SA (Petrobras) to extend the operating contract for Teekay’s Cidade de Rio das Ostras Floating Production Storage and Offloading (Rio das Ostras FPSO) unit through 2018. The Rio das Ostras FPSO, which has operated at the Siri reservoir on the Badejo field […]

  • McCain Stands Up for Jones Act Repeal

    23 January 2015

    U.S. Senator John McCain took to the Senate floor on Thursday to defend his amendment to repeal the Merchant Marine Act of 1920, also known as the Jones Act. The proposed amendment has been faced with fierce opposition from various interested parties including the American Maritime Partnership (AMP) and more recently a group of Congressmen. Fears have […]

  • Pin Oak Corpus Christi loads 1st vessel at new oil dock

    16 April 2020
    Ports & Logistics, Project & Tenders

    Pin Oak Corpus Christi, a joint venture between Dauphine and commodities trader Mercuria Energy Group, received its first vessel Wednesday at its newly commissioned oil dock at the Port of Corpus Christi. The dock, capable of accommodating fully laden bulk liquid tankers up to Suezmax class with loading rates in excess of 40,000 barrels per […]

  • Singapore: Jurong Shipyard Bags FPSO Conversion Contract

    4 October 2011

    Jurong Shipyard, a wholly-owned subsidiary of Sembcorp Marine, has secured an approximately S$130 million project to convert the Very Large Crude Carrier (VLCC) tanker, the MV “TAR II” (ex STAR II), to a Floating Production Storage and Offloading (FPSO) vessel for MODEC. This conversion project involves the installation of an external turret mooring system and […]

  • Shell takes first Sabine Pass cargo under long-term deal

    21 May 2016

    Hague-based LNG giant Shell confirmed it has started taking cargoes from Cheniere’s Sabine Pass LNG export terminal in Louisiana, the first of its kind to ship U.S. shale gas overseas. Shell has a 20-year offtake agreement with Cheniere for 3.5 mtpa of liquefied natural gas from Train 1 at Sabine Pass. “We can confirm Shell’s first […]

  • Samsung Heavy Swings to Profit

    31 October 2016
    Business & Finance

    One of South Korea’s biggest shipbuilders, Samsung Heavy Industries (SHI), has seen its net income surge to KRW 128.6 billion (USD 112 million) in the third quarter of 2016, from a net loss of KRW 212.4 billion (USD 185 million) reported in the second quarter of the year. The company’s operating profit for the period jumped to KRW […]

  • Sweden: First Baltic Sea LNG Terminal Opens This Week

    24 May 2011

      AGA’s facility for liquefied natural gas (LNG) will be inaugurated outside Nynäshamn, Sweden on 27 May. The first in the Baltic Sea region, the terminal is AGA’s largest venture ever. Natural gas can replace oil in industrial processes and as a fuel for land and sea-based transport, reducing emissions of carbon dioxide, nitrogen dioxide, […]

  • Lower US Demand Reshuffles West African Crude Moves

    24 November 2014

    West African crude moves have shifted from the U.S. to Europe as lower demand from the U.S. has forced a reshuffle of the global crude oil markets, according to the latest tanker market review by shipbroker Poten & Partners. Namely, in order to make their crudes more competitive West African suppliers have reduced their prices […]

  • MAN Heart for Angelicoussis Shipping’s New Vessels

    15 June 2016
    Business & Finance

    Four new vessels, ordered last week by Maran Tankers Management (MTM) and Maran Gas Maritime, oil tanker and gas shipping units of the Angelicoussis Shipping Group Limited (ASGL), will each be fitted with MAN engines, according to the company’s statement. Angelicoussis Shipping’s units ordered two ME-GI powered 173,400 cbm liquefied natural gas (LNG) carriers and two 318,000 […]