10000 results found for 'tanker'

10000 results found for 'tanker'
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  • Clarksons: Shipping Sees Toughest 1H Since Financial Crisis

    11 July 2016
    Business & Finance

    Shipping is experiencing some of its toughest conditions since the financial crisis and, despite its many efforts, may well be heading for an appointment with the bankers, according to Clarksons Research. With the spread of challenges facing the industry, Clarskons said that it is unlikely “the shipping markets would achieve many top grades,” however, the industry showed […]

  • Anglo-Eastern hits a milestone for LNG bunkering of dual-fuel ships

    7 August 2024
    Operations & Maintenance

    Hong Kong-based ship manager Anglo-Eastern has reached a milestone of bunkering 100,000 cbm of liquefied natural gas (LNG) across its fleet of LNG dual-fuel vessels.

  • Asia Pacific Shipping boosts its orderbook with new LPG carrier pair

    28 August 2024
    Vessels

    Vietnam-based shipping company Asia Pacific Shipping has decided to order a pair of liquefied petroleum gas (LPG) carriers in China.

  • Euronav wins green light for CMB.TECH’s acquisition

    12 February 2024
    Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    Euronav NV, the Belgian tanker shipping company, has secured approval for the acquisition of 100% of shares in cleantech maritime group CMB.TECH during a Special General Meeting held on February 7, 2024. The transaction, valued at $1.150 billion in cash, comes at a time of strategic transformation for the company. “This is an important step […]

  • Zvezda lays keel for lead Arctic LNG 2 carrier

    16 June 2021
    Business Developments & Projects, Infrastructure, Vessels

    On 15 June 2021, Zvezda Shipbuilding Complex hosted a keel laying ceremony for a new Arctic LNG carrier ordered by energy shipping company PAO Sovcomflot (SCF Group).

  • Kidnapped crew members of Curacao Trader freed

    28 August 2020
    Human Capital, Safety, Vessels

    The 13 crew members of product tanker MT Curacao Trader, who were kidnapped off Benin back in July, have been released and are all safe and well. The information was confirmed by the Russian Ministry of Foreign Affairs earlier this week, saying that 7 Russian sailors were released on August 24. As Offshore Energy-Green Marine […]

  • More time for Petrofac on FPSO working in Gulf of Thailand

    2 June 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Operations & Maintenance, Project & Tenders

    Petrofac has been awarded a long-term extension for the provision of operations and maintenance services on an FPSO working off Thailand.

  • Japan’s MOL to buy stake in self-elevating platform vessel operator

    24 February 2017

    Japanese Mitsui O.S.K. Lines (MOL) has revealed a plan to acquire a five percent share in Seajacks International, a UK-based owner and operator of five self-elevating platform vessels. Mitsui said on Friday that the company would buy the stake from its compatriot, Marubeni Corporation. This is a new offshore business for MOL, following the company’s […]

  • Shipping Associations Seek Diplomatic Solution for Strait of Hormuz

    2 August 2019

    EU member states are urged to work with Iranian authorities to de-escalate the situation.

  • Norway Updates Strait of Hormuz Security Warning

    31 July 2019
    Rules & Regulation

    Norwegian-flagged vessels are advised to minimize transit in Iranian territorial waters.

  • Oil Production from Siri Area Starts Again

    5 February 2014
    Business & Finance, Operations & Maintenance

    On Thursday, 28th of January, the oil tanker Siri Knutsen was connected via pipelines to three of the Siri area’s four oil fields. Thus, E&P is again able to produce from the Siri area, and yesterday Nini East delivered the first oil drops. The fields in the Siri area have not been in operation since […]

  • Polaris Opts for Open-Loop Scrubbers

    10 January 2019
    Business & Finance, Rules & Regulation

    Polaris Shipping will retrofit seven ships with open loop scrubbers in preparation for the 2020 sulphur cap.

  • OSG Seals USD 325 Mn Loan

    25 December 2018
    Business & Finance

    Overseas Shipholding Group has closed a five-year USD 325 million term loan credit facility.

  • Norden Cuts Top Brass

    11 August 2015
    Business & Finance

    Danish shipping company Norden A/S has decided to combine a number of management functions and reduce its executive management team from 5 to 3 members with immediate effect. As a consequence, Norden’s current CFO Michael Tønnes Jørgensen and Executive Vice President Lars Bagge Christensen will resign. They will be available for Norden during a short period […]

  • DryShips Sells 17 Bulkers, Rest of the Fleet Up for Grabs

    10 September 2015
    Business & Finance

    Owner of drybulk carriers DryShips Inc. has entered into firm sales agreements with entities controlled by the Company’s Chairman and Chief Executive Officer, George Economou, to sell 17 vessels. The 17 vessels, comprised of 13 Capesize and 4 Panamax bulk carriers, are being sold for an aggregate price of USD 377 million, DryShips said. The […]

  • Chemikalien Seetransport Integrates ShipManager QHSE across Its Fleet

    29 January 2014

    As a step toward improving quality and safety systems and easing work for its crew, the German tanker company Chemikalien Seetransport has implemented DNV GL’s ShipManager QHSE software across its entire tanker fleet of 40 vessels. The ShipManager QHSE system supports findings and incident reporting, documentation, certificate control, safety task management and direct link into […]

  • Algoma Withdraws Six Oldies from Service

    22 February 2016
    Business & Finance

    Canada’s Algoma Central Corporation has decided to retire five domestic dry-bulk vessels and a product tanker that had reached the end of their economic life. “Our decision to retire the dry-bulk vessels reflects our view that the current domestic market capacity exceeds customer demand and certain of our older vessels are no longer economic to operate […]

  • MSI: Shipping Faces a Stormy Road to Recovery

    11 November 2016
    Business & Finance

    The shipping industry is set to experience a stormy road to recovery, with uneven supply/demand trends set to test the nerve of investors and operators, according to research and consultancy firm Maritime Strategies International (MSI). Addressing the Hansa Forum in Hamburg, Germany this week, MSI Senior Analyst James Frew warned that the industry will continue to face multiple […]

  • Drewry: Fleet Oversupply to Weaken Chemical Shipping Rates

    8 November 2016
    Business & Finance

    Softening seaborne trade and rising fleet growth are expected to depress chemical shipping freight rates over the next few years, according to shipping consultancy Drewry. Spot rates collapsed in the third quarter as some charterers who usually fix their cargoes on contract took advantage of low spot rates. This situation also weighed on time charter […]

  • Iran’s NITC Affected by Sanctions, Despite EU Blacklisting Overturn

    15 July 2014
    Business & Finance

    Iran’s leading oil tanker firm NITC still has a long and arduous way ahead in the effort to reach its pre-sanction export levels, in spite of the EU General Court’s ruling against the EU’s 2012 blacklisting designation of the company.   NITC, sanctioned both by the EU and the United States, contested the blacklist designation by […]

  • Top Ships Investigated over Kalani Share Issuance Scheme

    25 August 2017
    Business & Finance

    An investigation has been launched on behalf of investors of Top Ships, a Marshall Islands-incorporated tanker owner and operator, into the company’s dealings with Kalani Investment. According to US-based law firm Glancy Prongay & Murray LLP (GPM), the investigation concerns the company and its officers’ possible violations of federal securities laws. The investigation is said to be instigated […]

  • USCG: Detained Ship Departs Baltimore after 10 Months

    10 August 2017

    Having been detained for the last ten months, the 5,900 dwt tanker Asphalt Trader departed Baltimore on August 5, the United States Coast Guard (USCG) said.  The Greece-flagged Asphalt Trader, previously known as Newlead Granadino, was detained for numerous safety discrepancies found during compliance inspections in 2016 and 2017. Representatives of the Coast Guard Sector […]

  • ISS Advises of Ice Conditions Affecting Shipping Operations

    8 January 2014
    Business & Finance

    Inchcape Shipping Services (ISS) is advising that due to the extreme cold weather which has settled over the eastern North American continent, there have been heavy delays in shipping operations since 4th January 2014. The delays have been caused primarily by ice build-up between Lanoraie and the Three Rivers (St. Lawrence River). Three Canadian Coastguard […]

  • Wilhelmsen to Supply IGG Systems for Vessels Working Offshore Brazil

    29 August 2013
    Business & Finance

    Wilhelmsen Technical Solutions has secured multiple orders to supply its Maritime Protection Inert Gas Generator (IGG) systems for installation on vessels working offshore Brazil. The company will deliver a total of eight dual-fuel Maritime Protection systems via contracting partner EEP to Brazil’s national oil company Petrobras for installation onboard a quartet of Very Large Crude […]

  • Enterprise to Build Offshore Texas Crude Oil Export Terminal

    18 July 2018
    Business & Finance

    Enterprise Products Partners (EPD) is planning to develop an offshore crude oil export terminal off the Texas Gulf Coast.