10000 results found for 'tanker'

10000 results found for 'tanker'
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  • Cefor: Insurance Claims for Chinese Newbuilds Most Frequent

    26 April 2016

    Vessels built in China have a higher claims frequency than those of other major shipbuilding nations, according to an analysis of tanker, bulk and container vessels built in Asia in the period 2007-2015 conducted by the Nordic Association of Marine Insurers (Cefor). In 2015, shipyards in South Korea, Japan and China built almost 90% of all vessels […]

  • North Sea yields ‘significant’ black gold discovery

    21 August 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Aker BP, a Norwegian oil and gas player, has brought its exploration campaign in the North Sea to an end, uncovering a new oil find that augments its hydrocarbon arsenal off the coast of Norway.

  • Awilco LNG freight income drops

    13 February 2015

    Oslo-based Awilco LNG, operator of five LNG tankers, reported freight income of USD 17.7 million compared to USD 20.8 million in the previous quarter.

  • NAT CEO: Makes No Sense to Order New Ships at the Time

    5 April 2016
    Business & Finance

    Nordic American Tankers (NAT) will buy new vessels only when ‘the time is right’, the company’s Chairman & CEO, Herbjørn Hansson said, adding that NAT was constantly assessing vessels offered on the market. “Our management does not have a fee incentive to grow indiscriminately. Some companies engage in such practices but at NAT we have […]

  • bound4blue’s wind-assisted propulsion systems get financial boost

    7 September 2023
    Business & Finance, Business Developments & Projects, Project & Tenders

    Agricultural company Louis Dreyfus Company, French containment specialist GTT and the European Commission have invested in bound4blue’s Series A funding round, becoming shareholders of the company.  

  • UNDP hires Boskalis to prevent ‘enormous oil disaster’ offshore Yemen

    20 April 2023
    Business & Finance, Business Developments & Projects, Collaboration, Environment, Safety, Vessels

    Dutch offshore services provider Boskalis has, through its subsidiary SMIT Salvage, reached an agreement with the United Nations Development Programme (UNDP) to remove oil from a floating storage and offloading (FSO) facility moored off Yemen’s Red Sea coast. This Stop Red Sea Spill operation is a part of the UN-coordinated project to remove and transfer […]

  • RESOLVE Launches Two New Vessels (USA)

    24 July 2012
    Business & Finance

    RESOLVE Engineering Group, LLC has announced the launch of two of the Naval Architecture and Marine Engineering firm’s latest design and construction support jobs. The American Phoenix, a 616’ x 105’ chemical tanker was built by BAE Systems Southeast Shipyards, Alabama for owner Mid-Ocean Tanker Company LLC of South Norwalk, CT. RESOLVE provided construction support […]

  • COVID-19 impact bites into Panama Canal’s FY 2020 projections

    6 October 2020
    Business & Finance

    The Panama Canal closed its 2020 fiscal year with an annual tonnage of 475.1 million Panama Canal tons (PC/UMS), a 4% drop compared to projections, mainly due to the impact of COVID-19 on global trade. The canal authority ended its fiscal year with 13, 369 transits, a 2% lower than initially projected. The drop in […]

  • Klaveness reveals two crew were infected with COVID-19

    19 August 2020
    Human Capital, Vessels

    Klaveness Combination Carriers reported that two crew members on board one of its CABU vessels had been infected with COVID-19 virus. The infection cases were confirmed in July, the company revealed in its Q2 earnings report. The confirmed positive persons were signed off and isolated until no longer being infectious, the company said. After consistent […]

  • Cutting Edge Technology to Manage Energy Consumption

    17 September 2017

    One of the key issues ship owners and operators are facing is ensuring the efficient use of energy while at the same time meeting new environmental regulations being implemented on a global and regional basis. Getting an insight into energy optimisation and alternative energy sources is central to both cost and environmental control. Visitors to […]

  • Singapore: Keppel Bags Three Conversion Contracts

    23 July 2012
    Business & Finance

    Keppel Shipyard Ltd (Keppel Shipyard) has secured three conversion contracts with an initial combined value of S$103 million. The contracts are from PTSC Asia Pacific Pte Ltd (PTSC Asia Pacific), Perenco Group (Perenco) and BC Petroleum Sdn Bhd (BC Petroleum). The contract from PTSC Asia Pacific, which is a joint venture between PetroVietnam Technical Services […]

  • Vietnam: Dung Quat Shipyard Hosts Petrovietnam Officials

    2 March 2012

    On 23rd February 2012, Mr. Phung Dinh Thuc, Chairman of Board of Directors of Petrovietnam together with Group Leaders has visited and worked with Dung Quat Shipyard ( DQS) in Dung Quat Economic Zone, Quang Ngai Province. Mr. Tran Hoai An, General Director of Dung Quat Shipyard (DQS) reported to Petrovietnam Leaders on the results […]

  • Poten: Aframax Dirty Rates May Sway Clean Operators to Change Ranks

    22 December 2014
    Business & Finance

    With the earnings for an Aframax trading crude from the Arabian Gulf to South East Asia at USD 33,400/day for a ‘dirty’ voyage versus USD 24,500/day for a ‘clean’ trip, a portion of the LR2 Aframax product carrier fleet will switch from ‘clean’ to ‘dirty’ to take advantage of market discrepancies, according to Poten & Partners’ latest  Tanker Opinion. […]

  • Port of Long Beach Dredging Work in Progress (USA)

    14 June 2010

    City, port and army folks joined together on Pier F at the Port of Long Beach on a gray Tuesday morning last week to celebrate the movement of mud from the bottom of the Port of Long Beach main channel to an empty slip at the ITS terminal on Pier G. Although the ceremony officially […]

  • Lithuania: Construction starts on first hydrogen-electric ship (Gallery)

    24 June 2024
    Vessels

    The construction of Lithuania’s first hydrogen-electric ship has begun at Western Baltija Shipbuilding (WBS).

  • Damen Yichang Shipyard Increases Product Portfolio

    17 March 2015
    Business & Finance, Equipment, Technology

    The Damen Yichang Shipyard in China is poised to enter a new era. Starting operations in 1999, the joint venture between Damen Shipyards Group and Sinotrans CSC has had a successful history of delivering cargo vessels from the Damen portfolio. Now, the yard is rolling out an increased portfolio of vessels to a wider market […]

  • Moore Stephens: Operating Costs Down for 6th Year in a Row

    1 October 2018

    Moore Stephens: Total annual operating costs in the shipping industry fell by 1.3% in 2017.

  • Singapore: Keppel Secures USD 142 Million Conversion Contracts

    29 September 2011
    Business & Finance

      Keppel Shipyard Ltd (Keppel Shipyard) has secured three conversion contracts worth a total of S$142 million. These conversion contracts are to convert a Liquefied Natural Gas (LNG) Carrier to a Floating Storage Unit (FSU), a VLCC tanker to a Floating Storage and Offloading (FSO) unit as well as a tanker to a Floating Production […]

  • LR updates ShipRight software

    2 July 2014

    An enhanced Fatigue Design Assessment (FDA) Level 2 solution is now available in LR’s ShipRight software. It provides a robust tool which can help owners to reduce their risks. This first release covers oil tankers and membrane type LNG carriers. Lloyd’s Register has given designers, ship owners and operators an updated tool to help assess […]

  • Update: LNG carriers searched amidst terrorist threat to UK

    23 May 2017

    For the past two years, United Kingdom’s special forces have been searching for mines attached to LNG tankers transporting the chilled fuel from the Middle East to the UK’s receiving terminals.

  • MPA Cancels Palmstone Petroleum’s Bunker Supplier Licence

    9 July 2013
    Business & Finance

    The Maritime and Port Authority of Singapore (MPA) has cancelled Palmstone Petroleum Pte Ltd’s bunker supplier licence with effect from 8 July 2013. The cancellation of the licence follows Palmstone Petroleum Pte Ltd contravening the terms and conditions of the bunkering licence. Palmstone Petroleum Pte Ltd was found to have breached Clause 3 of the […]

  • Russia: Kozmino Dredging Nears Completion

    8 October 2012

    Dredging project at the Berth Number 2 of the oil port of Kozmino (LLC Spetsmornefteport Kozmino) is scheduled for completion on October 22, according to portnews.ru. This dredging project will enable access for 120,000 DWT tankers to the Berth Number 2. “Increasing capacity of Spetsmornefteport is conducted in accordance with the Eastern Siberia-Pacific Ocean (ESPO) […]

  • Second hand vessel sales retreat to year-lows during July

    11 August 2010

    With sea freight markets retreating both in the dry and the wet segments of the market during most of July, ship owners were reluctant to invest in acquiring more vessels, after the high level of sale and purchase activity, observed during May and June. According to the latest monthly analysis, prepared by shipbroker Golden Destiny, […]

  • G E Shipping: Crude Carrier ‘Jag Leela’ Delivered to Buyer

    11 July 2013
    Business & Finance

      The Great Eastern Shipping Company Ltd. (G E Shipping) delivered its 1999 built Aframax crude carrier “Jag Leela” (about 105,000 dwt) to the buyers. With the delivery of this vessel, the Company’s current fleet stands at 28 vessels, comprising 20 tankers (8 crude carriers, 11 product carriers, 1 LPG carrier) and 8 dry bulk […]

  • Trinidad Ships LNG Cargo

    20 July 2012
    Vessels

    Trinidad and Tobago’s Point Fortin LNG terminal shipped a cargo of  liquefied natural gas yesterday, according to shipping data. The cargo is being hauled by the Bilbao Knutsen, a 138,000 cubic-meter tanker, and it is due to arrive in Puerto Rico on July 21. Trinidad and Tobago’s Point Fortin terminal is one of the world’s […]