10000 results found for 'tanker'

10000 results found for 'tanker'
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  • China: Members of DNV Visit Rongsheng Group

    15 June 2011

    In the afternoon of 13th of June, Chief Operations Officer & Executive Committee member Mr. Bjorn Kj.HAUGLAND, and Director of Operations Mr. Trond Hodne of DNV with their entourage visited our company. President Mr. Chen Guorong, Vice President Mr. Zhao Zhongwu and President Assistant Mr. Zhou Yang provided a warm welcome for them. Both sides […]

  • Norden benefits from dry bulk market’s bumper year

    12 October 2021
    Business & Finance, Business Developments & Projects, Market Outlooks, Outlook & Strategy

    Danish shipping company Norden is capitalizing on rising asset values in the dry cargo market through vessel sales, with several units sold in the past few months.

  • Frontline buys six ECO VLCC newbuilds for $565.8 million

    19 May 2021
    Environment, Transition, Vessels

    Norwegian tanker owner and operator Frontline has entered into an agreement to acquire six ECO-type VLCC newbuildings through resale. The six VLCCs are currently under construction at the Hyundai Heavy Industries shipyard in South Korea. The VLCCs are being bought for $565.8 million, including an estimated $25.7 million in additions and upgrades to the standard […]

  • Teekay LNG posts rising second-quarter profit

    1 August 2019

    Teekay LNG Partners, one of the world’s largest owners of LNG carriers, reported a rising profit for the second quarter of the year. 

  • d’Amico Adds Two Eco-Ships to Its Fleet

    6 October 2015
    Business & Finance

    d’Amico International Shipping S.A. has launched two eco-ships today at the shipyards of Hyundai Vinashin Shipyard Co. Ltd  in Vietnam, bringing the fleet to over 50 units. The vessels Cielo di Ulsan, a handysize Ice Class of 39,000 tons and High Trader, a medium range 50,000-ton product tanker boast innovative design, elevated performance in terms of energy […]

  • Shots Fired at Merchant Vessel off Somalia

    17 October 2018

    A merchant vessel was attacked in the Gulf of Aden, offshore Somalia.

  • StealthGas Posts Record Revenues, Remains “Cautiously” Optimistic

    26 May 2017
    Business & Finance

    StealthGas, a shipping company serving the LPG sector, reported record revenues in the first quarter of 2017, reaching USD 38.1 million, compared to revenues of USD 36.5 million seen in the same period a year earlier.  The rise was attributed to increased fleet utilization and a slight increase in market rates. The company’s net income stood at USD […]

  • China: New Shipbuilding Orders Decreased by 49%

    23 August 2012

    In the first half of 2012, the global economic downturn and weak international trading activities continued to exert pressure on the shipping industry, which has been struggling since the second half of 2011. The imbalance between supply and demand of the shipping industry further worsened, leading to a reduced overall shipbuilding demand, and new shipbuilding […]

  • USA: BAE Systems Cuts Steel for Construction of TSHD MV Magdalen

    10 June 2012
    Business & Finance

    BAE Systems has begun construction on the MV Magdalen, an 8,500 cubic yard capacity trailing suction hopper dredge for Weeks Marine, Inc. Executives from the two companies gathered this week at the BAE Systems Mobile shipyard to oversee the initial cutting of steel for the vessel’s first module, which will weigh 130 tons. When complete […]

  • Moore Stephens: Shipping Confidence Slips on Geopolitical Factors

    25 September 2018
    Business & Finance

    Moore Stephens: Shipping confidence dipped very slightly in the three months to end-August 2018.

  • Alexander Spirit Back in Australian Waters, but with Foreign Crew

    9 September 2015
    Business & Finance

    The fuel tanker Alexander Spirit has returned to Australian coastline carrying fuel, however the ship’s former Australian crew has been replaced by foreign labour force, according to the Maritime Union Australia. The Alexander Spirit is currently in Townsville, before arriving in Cairns on Thursday, then on to Groote Eylandt. The 36 Australian crew members of […]

  • Gibson: VLCCs Outearning Suezmaxes in 2015

    12 May 2015

    Rising West Africa to Europe crude trade, dramatic increases in spot fixtures out of the Middle East Gulf and a more active Caribbean market had helped the Suezmax market outperform Very Large Crude Carriers (VLCCs) for most of last year, but the tide has turned in 2015, UK shipbroker EA Gibson says in its Weekly Tanker Report. […]

  • Bermuda: Frontline Completes Restructuring

    2 January 2012
    Business & Finance

    Frontline Ltd. announces that the restructuring of Frontline has been successfully completed. The major part of the restructuring consists of the following elements: Frontline has completed the sale of five VLCC newbuilding contracts, six modern VLCCs including one time charter agreement and four modern Suezmax tankers to Frontline 2012 Ltd. (“Frontline 2012”) at fair market […]

  • Erik Thun picks Cetasol’s AI solution to boost energy management of 50 ships

    30 January 2024
    Automation, Business Developments & Projects, Infrastructure, IT & Software, Vessels

    Swedish shipping company Erik Thun Group has chosen an AI-based solution developed by compatriot company Cetasol to enhance the energy management of nearly 50 vessels.

  • Unique System FZE Provides Monitoring System to ADOC

    20 November 2013
    Business & Finance, Equipment

    Unique System FZE, a Unique Maritime Group company, which is one of the world’s leading integrated turnkey subsea and offshore solutions provider, engineered and supplied a monitoring system that will provide the Abu Dhabi Oil Company Ltd. (Japan) with meteorological and oceanographic data to aide operational decision-making. Since Abu Dhabi Oil Co. (ADOC), started its […]

  • Singapore: Keppel Shipyard Wins Three Conversion Contracts Worth USD 142 Million

    29 September 2011

    Keppel Shipyard Ltd 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 Storage and Offloading […]

  • Ecosphere Delivers Robots to BAE Systems San Francisco Ship Repair

    27 August 2006

    Ecosphere Technologies, Inc. (OTCBB: ESPH), the Stuart, Florida-based technology innovation company for homeland security, marine, disaster relief and defense applications, announced today that it has shipped the initial M3500 Robotic Systems to begin coating removal services for BAE Systems Ship Repair in San Francisco, through its wholly owned subsidiary, UltraStrip Envirobotic Solutions. UltraStrip’s robotic technology […]

  • Qatari LNG Bound for UK

    24 September 2012
    Vessels

    UK’s South Hook LNG terminal is expected to receive a cargo of LNG on October 1, according to the Milford Haven Port Authority website. The Milaha Ras Laffan LNG tanker, with a capacity of 138,2o0 cbm, is sailing from Ras Laffan, Qatar. The South Hook terminal can process 15.6 million tonnes of LNG a year […]

  • SCF Inks Financing, Charter Deals for New Icebreaking LNG Carrier

    4 November 2019
    Business & Finance

    The financing deal was agreed with VEB.RF Group, while a time charter contract was signed with NOVATEK Group.

  • Zeebrugge LNG books second June cargo

    31 May 2016
    Vessels

    Fluxys-operated Zeebrugge LNG terminal is scheduled to receive a cargo of liquefied natural gas mid-June.

  • South Korea’s Samsung Heavy nets LNG duo order

    24 December 2018
    Vessels

    South Korean shipbuilding giant Samsung Heavy Industries said Monday it won a new order to build two liquefied natural gas (LNG) carriers. The price tag for the new LNG duo is 426 billion Korean won ($377.8 million). Samsung Heavy did not reveal the company behind the newest order saying only it is a buyer in […]

  • Wallem Takes Supramax Pair Under Its Wing

    23 November 2017
    Business & Finance

    Hong Kong-based maritime solutions provider Wallem Commercial Services has added two new Supramax vessels to its commercially-managed fleet. “We are delighted to welcome two new vessels to our commercial fleet, bringing the total number of ships under our current commercial management to 20,” Nitin Mathur, Managing Director of Wallem Group Singapore said. The latest fleet […]

  • Bermuda: NAT Takes Delivery of New Suezmax Vessel

    23 September 2011
    Business & Finance

      Nordic American Tankers yesterday took delivery of the suezmax vessel that the Company agreed to acquire from an unrelated third party in early September this year. The double hull suezmax vessel built at Samsung Heavy Industries, Korea, has been named Nordic Aurora. Including the delivery of the newbuilding Nordic Zenith from Samsung Heavy Industries […]

  • CIC Changxing Shipyard Repairs MT PRO EMERALD, China

    30 January 2013

    A product tanker MT PRO EMERALD arrived at CIC Changxing Shipyard for repair in late January, 2013. The main work scope will be dry docking repairs and other scattered items of the special survey. The owner of the subject vessel, a shipping company of South Korea, has enough resources of the shipping industry and operates […]

  • ASTON Orders Four Ships in China

    12 April 2018
    Business & Finance

    Russia’s ASTON has signed contracts with two Chinese shipyards for the construction of four new bulk carriers.