10000 results found for 'tanker'

10000 results found for 'tanker'
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  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • Panama Revoking Registration to Two Ships Linked to North Korea Dealings

    5 January 2018

    Panama to cancel the registration of the two ships suspected of breaching sanctions against North Korea.

  • Photo: Ichthys LNG cooldown cargo arrives

    27 April 2018
    Ports & Logistics, Vessels

    The Inpex-operated giant Ichthys liquefied natural gas (LNG) export project near Darwin in Australia has received a cooldown cargo. To remind, Japan’s Inpex said earlier this week it purchased a cargo of the chilled fuel in order to cool down the liquefaction facility at Bladin Point prior to the start-up. The 182,000-cbm LNG carrier Pacific […]

  • Jordan receives LNG cargo

    13 July 2015
    Vessels

    The 160,000 cbm FSRU Golar Eskimo, which is being used as Jordan’s first LNG import terminal in the port of Aqaba, received a cargo of the chilled gas during the weekend.

  • CMES Names New Bulker Pacific Talisman

    8 April 2016
    Business & Finance

    The Chinese state-owned shipping operator China Merchants Energy Shipping (CMES) has named its new bulk carrier Pacific Talisman at Dalian COSCO KHI Ship Engineering (DACKS). Featuring a weight of 61,000 tons, the new bulker is equipped with energy saving technology, according to its owner. With the new vessel, CMES’ bulk carrying fleet now stands at a total of 4.82 million dwt. Just two […]

  • Songa Shipmanagement Gets KR Cyber Security Certificate

    22 February 2019
    Business & Finance

    Songa Shipmanagement became the first company to achieve cyber security certification by Korean Register.

  • COSCO On a Roll

    6 February 2015
    Business & Finance

    COSCO Shipyard Group said that it has secured two shipbuilding contracts through its subsidiaries worth approximately USD 160 million. COSCO’s Zhoushan Shipyard Co. has received a contract from an undisclosed European company to build a 152,000 DWT shuttle tanker. The shuttle tanker is scheduled for delivery in the 1st quarter 2017. Separately, COSCO’s Dalian Shipyard is […]

  • Top News of the Week October 28 – November 2, 2013

    3 November 2013

    Two Ships Collide in Kiel Canal, Germany A coastal cargo ship Siderfly collided with Dutch-flagged gas carrier Coral Ivory early Monday morning in the Kiel Canal, in Northern Germany, according to Germany’s Central Command for Maritime Emergencies (CCME). USA: First Zumwalt Class Destroyer Launched General Dynamics Bath Iron Works successfully launched the Navy’s first Zumwalt-class […]

  • Japan’s Jera plans to double its LNG fleet

    11 February 2016

    Japan’s Jera Co, a joint venture between Chubu Electric and Tepco, expects to have 30-40 mtpa of contracted LNG volumes by 2030-31, compared with 40 mtpa now. Jera said in its 15-year business plan released on Wednesday it will be changing its LNG purchasing strategy as it is “building procurement and business development platforms capable of […]

  • Cheniere ships ninth Sabine Pass export cargo

    18 May 2016
    Vessels

    Cheniere’s Sabine Pass LNG export terminal in Louisiana, the first of its kind to ship US shale gas overseas, has exported its ninth cargo of the chilled fuel since start-up in February. The 155,000 cbm GasLog Shanghai LNG tanker left the Sabine Pass facility on Monday and is currently located in the Gulf of Mexico, according […]

  • Teekay’s 2014 profit slightly up

    19 February 2015

    Teekay GP the general partner of Teekay LNG Partners posted a net income of $176.7 million for the year ended December 31, 2014, compared to $175.0 million for the same period of the prior year.

  • MOL, Petronas team up for LCO2 transportation

    8 February 2022
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage

    Japanese shipping major Mitsui O.S.K. Lines (MOL) has signed a memorandum of understanding (MoU) with Malaysian energy company Petronas to study liquefied CO2 (LCO2) transportation for carbon capture, utilisation and storage (CCUS) value chain.

  • Bulgargaz-BOTAŞ agreement: First LNG cargo arrives in Turkey

    12 April 2023
    Authorities & Government, Business Developments & Projects, Collaboration, Outlook & Strategy, Vessels

    The first LNG cargo, pursuant to the agreement concluded between Bulgaria’s state gas company Bulgargaz EAD and Turkish company BOTAŞ, has been delivered to an LNG terminal in Turkey. Bulgargaz said the gas delivered by the tanker is from the American company Shinier, which in the fall of last year won Bulgargaz’s tender to provide […]

  • Eitzen Chemical ASA buys and sells vessels

    28 May 2007

    Eitzen Chemical ASA (the Company) announced today that it has reached an agreement in principal to acquire the vessel “Team Actinia” for USD 20.0 mill. The vessel is 40,296 dwt, built in Uljanik Shipyard, Croatia in 1993, single sided and double bottom. The intention is to convert the vessel to double hull. The vessel is […]

  • Belgium to Get LNG Cargo

    3 October 2012
    Vessels

    The Fuwairit LNG tanker, with a capacity of 138,262 cbm, is due to arrive in the Zeebrugge LNG terminal on October 19, 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 throughput capacity […]

  • Peru LNG on way to Mexico

    8 October 2014
    Vessels

    Peru’s only LNG export facility shipped a liquefied natural gas cargo to Mexico on Monday. 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 231 cargoes since its startup in June of 2010, according […]

  • Peru LNG Cargo Heads for Mexico

    2 April 2014
    Vessels

    Peru’s only LNG export facility shipped an LNG cargo to Mexico on Tuesday. The cargo is being hauled by the Barcelona Knutsen, a 173,400 cbm tanker, and it is expected to arrive at the Manzanillo import terminal on April 8. The liquefaction plant in Pampa Melchorita has exported 203 cargoes since its startup in June […]

  • 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 […]

  • Norden inks order for six Supramaxes with DACKS

    22 June 2023
    Business & Finance, Business Developments & Projects, Green Marine, Vessels

    Danish shipping company Norden has placed a newbuilding order for six Supramax dry cargo vessels with Dalian COSCO KHI Ship Engineering (DACKS), a joint venture between COSCO Shipping and Kawasaki Heavy Industries. The 64,000 dwt vessels are slated for delivery in the next two to three years. “Placing this newbuilding order is an integrated part […]

  • Long-awaited oil removal from ‘ticking bomb’ FSO Safer kicks off in Red Sea

    25 July 2023
    Authorities & Government, Business Developments & Projects, Collaboration, Environment, Green Marine, Outlook & Strategy, Regulation & Policy, Safety, Vessels

    The much-anticipated removal of more than 1 million barrels of oil from the decaying FSO Safer off Yemen’s Red Sea coast started today. The ship-to-ship transfer of oil to the replacement tanker Yemen, formerly known as Nautica, which arrived in Yemen a few days ago, is expected to last 19 days. The UNDP-led operation is aimed […]

  • 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 […]