10000 results found for 'tanker'

10000 results found for 'tanker'
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  • Study: Efficiency of New Ships Decreasing

    3 July 2017
    Business & Finance

    The average design efficiency of new bulk carriers, oil tankers and gas carriers was worse in 2016 than in 2015, Transport & Environment cited data from the CE Delft study. Additionally, the study showed that the share of new ships complying with future efficiency standards also decreased in 2016. The design efficiency of containerships and […]

  • Euronav Concludes Sale, Leaseback Deal for VLCC Trio

    3 January 2020
    Business & Finance

    Euronav entered into a sale and leaseback agreement for three very large crude carriers.

  • Pirates demand ransom for kidnapped Thai captain, crew

    2 June 2005

    Pirates have kidnapped a Thai captain and crewman from a tanker in the busy Malacca Strait. The head of the Piracy Reporting Centre of the London-based International Maritime Bureau, Noel Choong, says the pirates have already demanded a ransom. Mr Choong says the band of between five and eight pirates approached on a fast boat […]

  • CMB breaks deadlock as Frontline sails away with $2.35 billion VLCC bounty in Euronav deal

    9 October 2023
    Business & Finance, Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    After months of tense negotiations and legal disputes, Compagnie Maritime Belge (CMB) has announced a breakthrough agreement with Frontline and its affiliated company Famatown Finance Limited that paves the way for resolving the ongoing deadlock within Belgian tanker major Euronav. CMB, along with its affiliates, currently holds a 22.93% stake in Euronav, while Frontline and […]

  • Spain’s GNF in Barcelona LNG bunkering first

    31 January 2017
    Vessels

    Spanish LNG operator Gas Natural Fenosa said it completed its first LNG bunkering operation in the port of Barcelona. Gas Natural Fenosa supplied the chilled fuel to the Baleària-operated ferry Abel Matutes via road tanker on January 29. This is the first LNG bunkering operation in the port of Barcelona and also first for the […]

  • IMB: 58 Seafarers Kidnapped in Q1, 2017

    4 May 2017

    Pirates and armed robbers attacked 43 ships and captured 58 seafarers in the first quarter of 2017, slightly more than the same period last year, according to the latest ICC International Maritime Bureau’s (IMB) piracy report. The global report highlights persisting violence in piracy hotspots off Nigeria and around the Southern Philippines – where two […]

  • Number of methanol-powered vessels doubles in 12 months

    4 August 2022
    Green Marine, Transition, Vessels

    The surging demand for methanol-powered ships over the past 12 months has been triggered by the shipping industry’s accelerating decarbonization push, which has resulted in ordering of 40 methanol-powered ships.

  • Seatrium secures $400 million sustainability-linked credit facility

    16 July 2025
    Business & Finance, Business Developments & Projects, Outlook & Strategy

    Singapore-headquartered offshore, maritime, and energy solutions provider Seatrium has secured a $400 million sustainability-linked revolving credit facility with United Overseas Bank (UOB).

  • 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 […]

  • Ulsan wants to become a methanol bunkering hub

    22 November 2022
    Business & Finance, Business Developments & Projects, Certification & Classification, Collaboration, Environment, Green Marine, Infrastructure, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Rules & Regulation, Transition

    Ulsan Port Authority (UPA) has signed a Memorandum of Understanding (MOU) with the international classification society Korean Register (KR) to support methanol-fueled ships and establish the South Korean port as a low-carbon energy hub. “UPA is actively working to make eco-friendly, and low-carbon fuels become more of a universal feature in shipping and port markets. […]

  • Proman scales up methanol bunkering in Trinidad and Tobago

    19 August 2024
    Business Developments & Projects, Green Marine, Infrastructure, Operations & Maintenance, Ports & Logistics

    Proman highlights the potential of Trinidad as a methanol bunkering hub with 2,100 MT of methanol to be delivered to ships in August 2024.

  • Singapore’s 1st LNG bunkering vessel starts commercial ops

    24 February 2021
    Infrastructure, Vessels

    FueLNG Bellina, Singapore’s first liquefied natural gas (LNG) bunkering vessel, kicked off commercial operations.

  • Euronav Going Strong

    17 October 2014
    Business & Finance

    VLCC earnings are up 80% for the third quarter compared with the third quarter last year, Antwerp-based tanker company Euronav said in its third quarter results for 2014. The company said that the outlook for the seasonally stronger fourth quarter is looking stronger than in the last four years as “the fleet growth is minimal and […]

  • Trinidad Exports LNG Cargo

    12 June 2012
    Vessels

    Trinidad and Tobago shipped an LNG cargo from the Point Fortin terminal on Sunday, according to shipping data. The cargo is being carried by the Neva River, a 147,804 cubic-meter tanker and the destination of the cargo is unknown at this moment. The Point Fortin terminal consists of four trains and it has a capacity […]

  • Taiwan to Get LNG Cargo

    1 August 2012
    Vessels

      Taiwan’s Yung-An LNG terminal is due to receive a cargo of liquefied natural gas next week, according to Kaohsiung Port Authority. The Stena Clear Sky tanker, with a capacity of 174,000 cbm, will reach Yung-An terminal on August 6. The Yung-An terminal is Taiwan’s first liquefied natural gas receiving terminal, and it is operated […]

  • Stena Bulk makes SEK Billion Strategic Acquisition

    18 January 2008

    Stena Bulk has purchased three MR* product tankers for a total of approx. SEK 1 billion from Italian Gestioni Armatoriali Spa in Ravenna with delivery set for February, 2008. The three vessels, the Stena Conqueror, the Stena Conquest and the Stena Italica, which Stena has controlled via long-term charters ever since they were built, will […]