10000 results found for 'tanker'

10000 results found for 'tanker'
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  • Aker Yards enters chemical tanker market

    23 June 2006

    Aker Yards has today signed an agreement with Kleven Maritime to acquire Kleven Flor

  • Maersk Tankers Exits VLGC Segment

    30 May 2013
    Business & Finance

    Maersk Tankers exits its VLGC segment by selling the fleet to the BW Group. The BW Group bought Maersk Tankers five owned vessels and takes over the five existing time charter commitments. The divestment is part of Maersk Tankers strategy to focus on fewer segments. Hanne B. Sørensen, CEO Maersk Tankers: “This transaction supports our […]

  • Stolt Tankers Buys Odfjell’s Trio

    24 June 2015
    Business & Finance

    Tanker owner Stolt Tankers B.V. has emerged as the buyer of three 5,800 dwt fully stainless steel parcel tankers from Odfjell Tankers AS. The ships, which were built in 1997-1998 and are sister ships of three tankers currently operated by Stolt Tankers, are expected to join the Stolt-Nielsen Inter-Europe Service by the end of August […]

  • Southeast Asia Tanker Hijackings Rising

    14 January 2015

    Attacks against small tankers off South East Asia’s coasts caused a rise in global ship hijackings, up to 21 in 2014 from 12 in 2013, despite piracy at sea falling to its lowest level in eight years, the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) has revealed. Pirates took 442 crewmembers hostage, compared […]

  • Product Tanker Orderbook at Historic Low

    27 October 2017

    Despite somewhat increased activity in terms of new orders in the product tanker sector in the first nine months of 2017, the orderbook remains at historically low levels, as disclosed by Capital Product Partners L.P. in a market commentary. The MR product tanker orderbook currently stands at 7.2% of the fleet, the lowest level on record. In addition, […]

  • Hafnia Tankers Acquires LR1 Quartet

    11 February 2015
    Business & Finance

    Danish shipping company Hafnia Tankers has entered into an agreement to acquire four LR1 product tankers as it pushes to further expand its business within the product tanker segment. The quarter is scheduled to be delivered during the month of February. Once delivered, the vessels will all be joining the Straits Tankers LR1 Pool. The vessels in question […]

  • Maersk Product Tankers back to black

    25 March 2020
    Business & Finance

    Danish tanker owner and operator Maersk Product Tankers returned to black having reported a profit of $91.4 million for 2019 as freight markets improved across all tanker segments. The profit marks a significant recovery when compared to a loss of $35 million a year earlier. The tanker shipping company reported an increase in revenue to […]

  • US Removes Sanctions on PB Tankers

    4 July 2019
    Business & Finance

    PB Tankers was removed from the list after terminating its contract with Cuban state-run company Cubametales.

  • Scorpio Tankers Fixes Three for Three

    27 October 2015
    Business & Finance

    Monaco-based tanker owner Scorpio Tankers has entered into time charter-out agreements with undisclosed clients for two ice class, medium-range oil/chemical tankers, and one long-range crude oil tanker. Scorpio chartered out the 2015-built, 52,000 dwt STI Westminster for a period of three years at USD 20,500 per day. The 2015-built, 52,000 dwt STI Nothing Hill was chartered out for the identical […]

  • Russian LNG Tanker Heads for Japan

    13 March 2011

      Russia has sent a tanker load of liquefied natural gas to Japan. The vessel set off from the port of Prigorognoye in southern Sakhalin on Sunday morning. Another tanker with LNG for Japan will be dispatched on Monday. These are planned supplies totaling more than 100,000 cubic meters of gas. Earlier, Prime Minister Vladimir […]

  • Norway: Odfjell Buys Chemical Tanker

    14 October 2011
    Business & Finance

      Odfjell has today entered into a contract for the purchase of MT Holly Galaxy, a 19,975 dwt chemical tanker (IMO II/III) with 22 stainless steel cargo tanks, built in 2006 at Fukuoka Shipbuilding in Japan. The vessel will be delivered in December 2011 and shall be traded regionally in South America. Company is in […]

  • Scorpio Bulkers Swaps Bulkers for Tankers

    5 February 2015
    Business & Finance

    Scorpio Bulkers has reached agreements with a shipyard in South Korea to modify existing newbuilding contracts for three Capesize vessels.  The three contracts, two for vessels scheduled for delivery within the first quarter of 2016 and one for a vessel scheduled for delivery within the second quarter of 2016, will now provide for the construction […]

  • South Korea: Scorpio Tankers, HMD Sign Contract for 52.000 DWT MR Product Tanker

    23 December 2011

    Scorpio Tankers Inc has signed a contract with Hyundai Mipo Dockyard Co., Ltd. of South Korea (HMD) to construct a 52,000 DWT MR product tanker for approximately $36.4 million. The company executed a $92.0 million credit facility (“2011 Newbuilding Credit Facility”) with Credit Agricole Corporate and Investment Bank (“CA-CIB”) and Skandinaviska Enskilda Banken AB (“SEB”) […]

  • Scorpio Tankers Ends Year in Red

    26 February 2013
    Business & Finance

    Scorpio Tankers Inc. yesterday announced its financial results. For the three months ended December 31, 2012, the Company had an adjusted net loss of $3.6 million (see Non-GAAP Measure section below), or $0.08 basic and diluted loss per share, excluding a $1.3 million, or $0.03 per share, unrealized loss on derivative financial instruments. For the […]

  • Vitol Marine Fuels acquires Sinanju Tankers

    1 April 2020

    Vitol Marine Fuels, a unit of the Vitol Group, has acquired the Singapore-based bunkering specialist Sinanju Tankers Holdings (Sinanju).

  • Odfjell Buys Handy Chemical Tanker

    23 May 2017
    Business & Finance

    In line with its fleet renewal strategy, Norwegian shipping and tank terminal company Odfjell informed it has bought M/T Argent Eyebright, a Handy chemical tanker.  The 33,600 dwt ship was purchased from Singapore-based MOL Chemical Tankers, VesselsValue’s data shows. As disclosed, Argent Eyebright has been on short-term time charter to Odfjell Tankers since January 2017 and will […]

  • Tanker Investments Plunges Further into Red

    9 November 2017
    Business & Finance

    Challenging market conditions plagued by the oversupply of vessels have pushed tanker owner and operator Tanker Investments Ltd (TIL) further into the red in the third quarter of the year. Namely, TIL reported a net loss of USD 9.4 million for Q3, widening its loss from the corresponding quarter a year earlier which stood at USD […]

  • Fratelli Cosulich orders ammonia bunker tanker in China

    29 September 2022
    Business Developments & Projects, Infrastructure, Outlook & Strategy, Transition, Vessels

    Fratelli Cosulich Bunkers Singapore and Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd have signed a memorandum of understanding (MOU) for the construction of an ammonia bunker tanker.

  • Tanker Market Keeps Up the Momentum

    27 April 2015

    In the first quarter of 2015, tanker earnings for crude oil tankers have climbed to new strong levels, with averages not seen since 2008, BIMCO said in the latest market overview. The demand for crude oil tankers remain high even after the winter months as the market appears to have kept the momentum going, keeping the crude […]

  • Pirates Hijack Tanker off Indonesia

    2 February 2015

    An Indonesian-flagged tanker carrying around 1,100 tonnes of fuel was hijacked and its crew forced to board a lifeboat off North Sulawesi, Indonesia, on Wednesday, January 28, according to the local media. According to initial reports, eight masked men armed with knives approached and boarded the MT Rehobot on a wooden boat, forcing 14 of the ship’s […]

  • Scorpio Tankers Secures Loan Duo

    20 March 2015
    Business & Finance

    Scorpio Tankers said that it has received commitments from two leading European financial institutions for two separate loan facilities of up to USD 113.2 million. The loan is intended to partially finance the purchase of four LR2 product tankers that was announced in December 2014. A USD 52 million loan will be used to finance […]

  • Scorpio Tankers Continues Newbuilding Spree

    3 July 2013
    Business & Finance

    Scorpio Tankers Inc. announced yesterday that it has reached agreements with two yards in Korea to construct a minimum of 5 and up to 10 newbuilding vessels designed for the carriage of liquefied petroleum gas (“LPG”). Also, the Company announced that it has taken delivery of its ninth Newbuilding MR product tanker, STI Le Rocher, […]

  • Tanzanian-Flagged Tanker Sanctioned by UN

    25 July 2017
    Business & Finance

    The United Nation Security Council’s Committee on Libya has added an oil product tanker Capricorn to its list of individuals and entities subject to the assets freeze.  The Tanzanian-flagged vessel Capricorn (IMO: 8900878) was listed on 21 July 2017, on the grounds of “illegal” transportation of gasoil, a refined petroleum product. The product was “illicitly exported […]

  • Desgagnés Takes Delivery of New Dual-Fuel Tanker

    9 May 2019
    Business & Finance

    Desgagnés takes delivery of Rossi A. Desgagnés, a new-generation oil-chemical tanker.

  • Frontline Thrives on Strong Tanker Market

    29 February 2016
    Business & Finance

    John Fredriksen-controlled oil tanker shipping company Frontline Ltd. has reported an increased net income of USD 124.3 million in 2015, compared to USD 86.2 million reached in 2014. Robert Hvide Macleod, Chief Executive Officer of Frontline Management AS, said that Frontline’s fourth quarter of 2015 was strong with net income attributable to the company reaching USD 58.6 million. […]