10000 results found for 'tanker'

10000 results found for 'tanker'
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  • HMD nets $174.3 million deal for product carrier quartet

    14 April 2023
    Vessels

    South Korean shipbuilding company Hyundai Mipo Dockyard (HMD) has received a contract to build four midsize product carriers.

  • 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.

  • 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 […]

  • 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 […]

  • USA: AET Receives World’s First Purpose-built LSV

    7 October 2011
    Business & Finance

      Cementing its leadership position in the US Gulf lightering sector, international petroleum tanker owner-operator AET has accepted delivery of the world’s first purpose-built lightering support vessel (LSV). The new craft, designed by Elliott Bay Design Group of Seattle and built by Leevac Industries in Louisiana was formally named at AET Offshore Service’s headquarters in […]

  • France’s Dunkirk LNG to receive record number of cargoes in July, plans 45-day maintenance

    23 July 2018

    France’s Dunkirk LNG import terminal, the country’s fourth regasification facility, is set to receive a record number of cargoes in July ahead of a planned 45-day maintenance shutdown. The Dunkirk LNG terminal took in total four cargoes this month and is expecting another shipment from Novatek’s Yamal LNG project in the Russian Arctic on July 28, a spokesman from […]

  • TORM Bullish on Outlook despite COVID-19, Oil Price Crash

    11 March 2020
    Business & Finance

    TORM is reaping fruits from one of the strongest starts of a year for the product tanker market.

  • Awilco LNG secures charter deal for WilPride

    6 June 2019
    Project & Tenders, Vessels

    Norwegian LNG transportation provider Awilco said it has secured a new charter deal for its 2013-built tanker WilPride. 

  • Denmark: Maersk Line Tests New Exhaust Gas Cleaning System

    19 September 2011
    Business & Finance

      As part of its drive to cut sulphur emissions from its fleet towards zero, Maersk Line will test a new exhaust gas cleaning system. “Sulphur is a major problem for our industry. We are concerned with the impact on public health, in particular for people living close to busy ports,” says Jacob Sterling, Head […]

  • DNV GL’s Carl Arne Carlsen Recognized with OTC’s Achievement Award

    5 May 2014
    Business & Finance

    DNV GL’s Dr. Carl Arne Carlsen was recognized with a Distinguished Individual Achievement Award at the Annual OTC Dinner on Sunday, May 4. The award is in recognition of his “outstanding, significant and unique achievements, and extensive contributions” to the offshore industry. Carl Arne Carlsen’s career highlights coincide with major developments in the offshore industry, […]

  • Sembawang Shipyard, Teekay Sign Long Term Ship Repair Contract (Singapore)

    30 March 2011
    Project & Tenders

      Sembawang Shipyard, a wholly-owned subsidiary of Sembcorp Marine has signed a long-term alliance contract with Teekay Marine Services, Canada, to provide ship-repair, refurbishment, upgrading and related marine services for its fleet of 137 ships. Teekay Marine Services is a subsidiary of Teekay Corporation, an international leader in energy shipping which serves the world’s leading […]

  • DNV GL Starts Clean Water Innovation Project (Norway)

    7 February 2014
    Business & Finance

    Phased-out tank ships are part of a solution that can provide much needed clean water for coastal cities according to a DNV GL research project. “Transforming ships into offshore treatment plants for waste water is a radical new way of approaching global water scarcity,” says Bjørn K. Haugland DNV GL Group Chief Sustainability Officer. Sigmund […]

  • Teekay Corporation CEO Bjorn Moller to Retire in 2011 (Bermuda)

    29 September 2010

    Teekay Corporation (Teekay or the Company) today announced that its President and Chief Executive Officer (CEO), Bjorn Moller, has informed the Company of his intention to retire from these positions in the spring of 2011, after more than 25 years of service with the Company. Mr. Moller plans to remain on Teekay’s Board of Directors. […]

  • Synergy Marine, Alsym Energy jointly developing non-flammable rechargeable batteries for ships

    20 July 2022
    Business Developments & Projects, Technology

    Singapore-based ship manager Synergy Marine and the US developer of next-generation rechargeable batteries Alsym Energy have teamed up to develop low-cost, non-flammable rechargeable batteries for shipping vessels. As disclosed, the partners will, in collaboration with Japanese shipowner Nissen Kaiun, jointly develop applications specific to the marine shipping industry using Alsym’s technology. As part of the […]

  • Bahri aims to enhance operations with fleet performance monitoring center

    5 September 2022
    Business Developments & Projects, Green Marine, Operations & Maintenance

    Saudi Arabian logistics and shipping company Bahri has launched the first phase of its Fleet Performance Monitoring Center (FPMC), set to enhance operations in the areas of speed and consumption, energy efficiency and hull performance. Bahri aims to develop it into a centralized support system that provides data and analytics-driven guidance which will be used […]

  • Frontline to acquire 24 VLCCs from Euronav for $2.35 billion as part of talks to end ‘structural deadlock’

    5 October 2023
    Business & Finance, Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Transition, Vessels

    Belgian tanker major Euronav NV confirmed the recent flurry of speculations engulfing discussions between two of its major stakeholders, Frontline and CMB NV. The rumors have stirred up volatility in Euronav’s share price, subsequently prompting the suspension of Euronav shares on Euronext Brussels. In a bid to shed light on the situation, Euronav said that […]

  • Repsol reopens North Sea field after oil spill-related shutdown

    6 May 2022
    Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Project & Tenders

    Repsol has experienced production interruption at its operated Yme field located offshore Norway but the field has now been restarted.

  • SGO to Provide Divers for VLCC Amuriyah Salvage Operations

    13 March 2014
    Business & Finance

    Sterling Global Operations (SGO) has been chosen to provide surface – supplied divers for unexploded ordnance search and removal and salvage operations for the sunken 82,000-ton VLCC  Amuriyah, an Iraqi tanker sunk near Bubiyan Island off the coast of Kuwait in Jan. 1991 during Operation Desert Storm. Special Diving Services (SDS) Holland hired SGO for this project. “For years SGO has conducted […]

  • Masirah adds to Yumna well funds through investment round

    17 January 2020
    Project & Tenders

    Exploration and production company Masirah Oil has raised $21.5 million for drilling of the Yumna appraisal well offshore Oman.

  • K Line Returns to Black

    31 October 2017

    Japanese shipping company Kawasaki Kisen Kaisha (K Line) has posted a profit of JPY 13.1 billion (USD 116.8 million) in the first half of 2018 fiscal year, covering the period from April to September, 2017, recovering from a loss of JPY 50.4 billion from the previous fiscal year. The rebound was mostly driven by an increase in handling […]

  • 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 […]

  • Knightsbridge Fleet Merger Half-Way There

    17 September 2014
    Business & Finance

    Knightsbridge Tankers Limited has completed the first stage of its previously announced shares for vessels transaction with Frontline 2012 Ltd. Knightsbridge has issued 31 million shares in exchange for 11 Cape size bulk carrier newbuildings, and two Newcastlemax newbuildings. Back in April 2014, Knightsbridge Tankers and Frontline 2012 agreed to combine Frontline 2012’s remaining fleet of 25 vessels […]

  • SFL: USD 1.2 Bn Invested in New Vessels in 2018

    28 February 2019
    Business & Finance

    SFL: USD 1.2 billion of new investments in 2018.