10000 results found for 'tanker'

10000 results found for 'tanker'
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  • 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 […]

  • 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 […]

  • 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.

  • 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).

  • 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 […]

  • Gazprom M&T: SUMIS lab opens

    30 September 2014

    A newly refurbished Laboratory of Electric Machines co-sponsored by GM&T and Dynagas was opened at the Admiral Makarov State University of Maritime and Inland Shipping (SUMIS). The Laboratory will enable SUMIS cadets to learn different modes of vessel electric propulsion system operation (free wave, rough sea, ice conditions, acceleration, stopping, emergency). Additionally, cadets will be able […]

  • 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 […]

  • Martek Marine Release New Gas Monitoring System (UK)

    8 November 2012
    Business & Finance

    Martek Marine has released Marine Tankscape, a new gas monitoring system for tankers and reefer vessels which removes the need for seafarers taking hand notes on deck by producing a certificate for Port State Control and other inspectors as well as storing the information for download. The new Marine Tankscape system incorporates seven instruments for […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • 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 […]

  • EUNAVFOR Stops Group of Suspected Pirates Off Somalia

    30 March 2012

    EU Counter Piracy Naval Forces (EUNAVFOR) have tracked down and stopped a group of suspected pirates who were believed to have tried to attack a Hong-Kong flagged tanker approximately 400 nautical miles off the coast of Somalia. EU Naval Force warship FS Aconit was called to investigate after the tanker came under attack on 26 […]

  • 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 […]

  • Schulte secures approval from German competition watchdog to buy LNG ship manager Pronav

    13 February 2018
    Project & Tenders

    Hamburg shipowning and management group Bernhard Schulte has received an approval from Germany’s competition watchdog to acquire liquefied natural gas (LNG) ship manager Pronav. With this merger approval by the German Federal Cartel Office (Bundeskartellamt), the acquisition announced in January is now finalized. Pronav manages six carriers which all under long-term charters to LNG producing giant […]

  • Elenger’s LNG bunkering vessel nearing completion

    21 September 2020
    Infrastructure, Vessels

    Damen’s Yichang yard in China has recently launched a 6,500-cbm LNG bunkering vessel for Elenger, formerly known as Eesti Gaas. Following delivery in the first quarter of 2021, the vessel named Optimus will start supplying LNG to a wide range of ships in the eastern part of the Baltic Sea, especially the Gulf of Finland. […]

  • Interactive Image: Piracy Attacks Over Time

    24 June 2015

    Almost everybody has heard about piracy off the Horn of Africa, or ships being attacked ships in the Indian Ocean. While piracy has been a constant threat throughout maritime history, the face of piracy has also been constantly changing. Pirates can be loosely defined in three groups: the mafia, the kidnappers, and the thieves. Mafia […]

  • Odfjell to Cancel Four Gas Carriers at Nantong

    9 May 2016
    Business & Finance

    Norwegian Odfjell is likely to cancel the four 17,000 cbm gas carriers at China’s Nantong Sinopacific, the company said, following recent discussions with the shipbuilding yard related to the delayed construction of its eight LPG/Ethylene vessels on order. Namely, the company has four 17,000 cbm gas carriers and four 22,000 cbm gas carriers on order at Nantong. The first […]

  • RINA okays SWS’ LNG/hydrogen-fuelled VLCC design

    22 December 2022
    Certification & Classification, Vessels

    Classification society RINA has granted approval in principle (AiP) for Shanghai Waigaoqiao Shipbuilding’s (SWS) very large crude carrier (VLCC) vessel design which can run on liquefied natural gas (LNG) and hydrogen.

  • DHT Holdings Inks Charters for 6 VLCCs

    2 April 2020
    Business & Finance

    DHT Holdings has secured time charters for six of its very large crude carriers (VLCCs).

  • Marinvest’s MT Marilee Completes Northern Sea Route Passage

    7 October 2011
    Business & Finance

      On the 15th of August M/T Marilee LR1 Ice Class 1A, successfully completed her first Northern Sea Route Passage, safely escorted by Rosatomflot’s nuclear ice breaker Vaigach. The savings compared to a voyage through Suez were 18 days and 580 tons of bunker resulting in a significant cost benefit for the Charterer and reduced […]

  • LNG/hydrogen-powered Ultramax bulker design earns RINA’s approval

    9 June 2025
    Business Developments & Projects, Certification & Classification, Green Marine, Infrastructure, Regulation & Policy, Vessels

    Italy’s classification society RINA has awarded approval in principle (AiP) for a new LNG/hydrogen-powered Ultramax bulker design developed by Shanghai Merchant Ship Design & Research Institute (SDARI) in collaboration with Almi Marine Management.

  • Drilling Rules Hit Trans-Alaska Pipeline

    15 June 2010

    The federal government’s new wariness about offshore drilling in the wake of the Gulf of Mexico oil spill is dimming what may be the best hope for extending the life of the Trans-Alaska Pipeline, a crucial artery supplying one-quarter of the West Coast’s oil. The 800-mile pipeline, owned by a BP-led consortium, carries about 670,000 […]