10000 results found for 'tanker'

10000 results found for 'tanker'
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  • Avance Gas sells veteran LNG carrier

    16 September 2016

    Oslo-based VLGC operator, Avance Gas on Friday said it has reached a deal to sell the liquefied natural gas (LNG) carrier Gaea. The 1980-built 126,530-cbm LNG tanker is expected to be delivered to an undisclosed owner in December this year, according to a statement by Avance Gas. “The sale proceeds correspond to the book value and […]

  • South Hook awaits more Qatari LNG

    29 September 2015
    Vessels

    South Hook LNG terminal on the shores of the Milford Haven waterway is set for a busy first week of October.

  • Uljanik Confirms Deal for Cruise Ship with Scenic

    23 February 2016
    Business & Finance

    Croatia-based shipbuilder Uljanik confirmed that it signed a contract for the construction of a luxury cruise ship in Pula’s shipyard with the Australian company Scenic in November of 2015. The cruise ship will be able to accommodate up to 240 passengers and 172 crew members. The vessel, scheduled to be delivered to its owner by 2018, will be 165.70m […]

  • Hunter Agrees 5-Year Sale and Leaseback Deal

    30 August 2019
    Business & Finance

    The company said that the deal was agreed “at highly attractive terms.”

  • EPS to order ammonia carrier from Hyundai Heavy

    7 June 2022
    Infrastructure, Vessels

    Eastern Pacific Shipping (EPS) intends to order an ammonia dual-fuel gas carrier which will be built at Hyundai Heavy Industries.

  • WinGD launches four new X72DF engine options

    19 February 2021
    Business Developments & Projects, Infrastructure, Research & Development, Vessels

    Marine engine developer WinGD updated its best-selling X72DF dual-fuel engine platform with four versions to provide ship design flexibility while reducing installed power and emissions.

  • BAE Systems Begins Construction of MV Magdalen (USA)

    9 June 2012
    Vessels

    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 […]

  • TORM Invests in Scrubber-Fitted LR2 Newbuilding Pair

    23 January 2020
    Business & Finance

    TORM has inked a contract to buy two scrubber-fitted LR2 newbuildings.

  • TORM Returns to Profit After Five Years

    13 May 2015
    Business & Finance

    Danish shipping company TORM reaped the benefits of a stronger tanker market delivering a positive net result for the first time in the last five years. In the first quarter of 2015, TORM realized a positive EBITDA of USD 53m and a profit before tax of USD 9m, against a  loss of USD -222m from 2014. […]

  • International Seaways Returns to Black in 4Q

    12 March 2019
    Business & Finance

    International Seaways return to the back in the fourth quarter of 2018 with a net income of USD 7 million.

  • Shipowners: Is This the Right Time to Buy?

    8 June 2016
    Business & Finance

    As the shipping industry continues sailing in a sluggish market, the shipowners are weighing the decision whether to buy ships while the prices are still low, it was said during the shipping exhibition Posidonia, taking place from June 6 to 10 at the Athens Metropolitan Expo. Seven shipowners, which took part in a poll on whether the time is […]

  • Moody’s Changes Navios Acquisition’s Outlook to Negative

    10 May 2016
    Business & Finance

    NYSE-listed tanker company Navios Maritime Acquisition has seen its outlook changed from stable to negative on the B2 corporate family rating (CFR) reflecting the increased contagion risk facing the company as a result of the challenges that its parent company, Navios Maritime Holdings, is encountering, Moody’s rating agency said. Moody’s has also changed the company’s outlook on B2-PD probability of default […]

  • Stolt-Nielsen Eyes LNG Distribution Projects

    8 July 2016
    Business & Finance

    Oslo-listed shipowner Stolt-Nielsen Limited plans to build a global business of small-scale regional LNG distribution projects, focusing on terminals in strategic locations, which would be serviced by a flexible fleet of ships, the company said. The shipowner added that these LNG distribution projects would be underwritten by a committed base load demand. The company is also looking to develop an integrated model […]

  • New Deliveries to Keep LR Freight Rates Down

    25 August 2017
    Business & Finance

    Freight rates for the Long Range (LR) tankers are expected to remain low for the rest of this and the next year, according to a tanker market update from McQuilling Services. “Based on the developments witnessed over the first seven months of this year, we have adjusted our expectations for 2017/2018 down slightly in our […]

  • 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 […]

  • Australian Unions Pledge to Fight Down Foreign Labour Use

    14 July 2015
    Business & Finance

    The Maritime Union of Australia has passed a motion regarding the ‘Crisis in Coastal Shipping’ as Australian Council of Trade Unions Executive (ACTU) members that met today in Melbourne. The resolution reaffirmed ACTU’s support to MUA’s shipping campaign and maintenance and growth of an Australian domestic shipping industry. “Australian unions will strongly defend maritime cabotage, believing that reservation […]

  • USA: BAE Systems, MOTC Launch Largest Vessel from State of Alabama

    1 November 2011
    Business & Finance

    BAE Systems has joined with Mid Ocean Tanker Company (MOTC) to launch the American Phoenix, a U.S. Flag/Jones Act product chemical tanker. Measuring 616 feet long and 105 feet wide, it is largest vessel ever launched from the State of Alabama. It has a draft of 36 feet and a cargo capacity of 49,000 dwt. […]

  • Denmark: A2SEA and Teekay Corporation Sign MOU for New Vessel

    30 June 2011

    A2SEA A/S (A2SEA) today announced the signing of a Memorandum of Understanding (MOU) for a cooperation agreement with Teekay Corporation, a vessel owner and operator providing transportation services within the offshore sector. The aim of the cooperation is to design, deliver and operate floating transportation and installation vessels that can work in the deeper more […]

  • Russia: First Stage of Ambitious Zvezda Shipbuilding Project Nears Completion

    17 October 2012

    The United Shipbuilding Corporation (USC) represented by the Far Eastern Shipbuilding and Ship Repair Center (FESRC) is building a new modern shipyard in Bolshoi Kamen, first shipbuilding yard in Primorsky region. The first stage of this ambitious project is almost complete. The commissioning of hull fabrication workshop and painting workshops will enable to produce ship […]

  • VIDEO: NOV Subsea Oil Storage System

    24 May 2017
    Business & Finance, Equipment

    The animation shows a subsea storage unit (SSU) solution, patented by National Oilwell Varco, which enables storage of crude oil, chemicals and produced water on the subsea floor. The SSU is a gravity based storage unit that employs the new concept of a flexible bag protected by a dome. According to NOV, the system offers a […]

  • HMS Shoreham Crew Spots Shipwreck in the Gulf

    11 October 2013

    Sharp-eyed sailors aboard a Royal Navy minehunter have found an unknown shipwreck on one of the world’s busiest tanker routes. The crew of HMS Shoreham were practising using the ship’s hi-tech sonar suite off the coast of Abu Dhabi when Able Seaman Tash Kennedy picked up an unexpected contact on the display in the minehunter’s […]

  • Gitga’at First Nation: No Clear Consensus on LNG among BC First Nations, Canada

    4 March 2013

    The Gitga’at First Nation says a recent conference on LNG, sponsored by the BC provincial government, has raised more questions than it has answered, and government officials, including Premier Clark, and proponents are getting ahead of themselves if they think there is a clear consensus on LNG among BC First Nations. “There is a gold […]

  • Perfect 6: Full House on LNG Berths in Ras Laffan Port (Qatar)

    28 February 2011

      The achievement of 77 million tonnes per annum (Mta) of liquefied natural gas (LNG) production capacity by the end of 2010 confirms the country’s position as the world’s leading producer of LNG with the largest production capacity – by far. Ras Laffan Port is the point of export of this clean energy product and […]

  • DSME shipbuilding orders surge

    14 August 2014

    South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) won two large orders in July and its secured orders value for 2014 is about 5.8 billion USD. On July 8th, DSME inked new orders for nine Arc 7 icebreaking LNG carriers. DSME received six LNG carrier orders from Teekay & CLNG, a joint venture between Canada’s Teekay and […]

  • Chevron preparing for first Gorgon post-shutdown cargo

    29 June 2016
    Vessels

    Chevron’s US$54 billion Gorgon LNG project in Australia is gearing up for first export after the March shut-down as an LNG tanker arrived near the plant located on Barrow Island. The giant liquefaction and export facility halted production soon after the first cargo of the chilled fuel was shipped in March due to a mechanical issue […]