10000 results found for 'tanker'

10000 results found for 'tanker'
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  • Newbuild Crude Tankers Rise in Popularity

    20 June 2014

    Low shipbuilding prices and the North American energy boom are leading ship operators and investors to finance billions of dollars into building crude tankers, according to IMDO’s Weekly Market review. New drilling and extraction technology enabling the shale oil and gas boom has triggered plans for LNG projects, led Canada to boost crude exports and […]

  • Norstar Takes Facility to Buy Two LR1 Tankers

    14 August 2015
    Business & Finance

    Singapore-headquartered tanker operator Norstar Shipping Ltd. has secured a USD 32 million senior secured credit facility from New York-based CIT Maritime Finance, a subsidiary of CIT Group Inc., to acquire two long range (LR1) product tankers. Financing was provided by CIT Bank, N.A., the principal bank subsidiary of CIT, and the terms of the transaction were […]

  • GTT tanks ordered for Celsius Tankers LNG newbuilds

    27 September 2018
    Vessels

    French LNG containment specialist, GTT received an order from the Korean shipyard Samsung Heavy Industries (SHI) to design tanks for two liquefied natural carriers.

  • Crowley takes delivery of second LNG-ready tanker

    24 December 2015
    Vessels

    Jacksonville-based Crowley Maritime said it has taken delivery of the second of four LNG-ready product tankers from Philly Shipyard.

  • Tanker Activities Push Norden to Profit

    3 May 2017
    Business & Finance

    Danish shipping company Dampskibsselskabet Norden A/S has reported its adjusted result for the first quarter of 2017 at USD 1 million, against a loss of USD 5 million seen in 2016. Coverage prevented Norden from benefitting from a dry cargo market that continued a gradual improvement on the back of strong year-on-year increase in Chinese imports, […]

  • VIDEO: Life on Board LNG Tanker

    15 March 2013
    Vessels

    Meet the crew of Provalys, one of the largest LNG tankers in the world when it arrived at the terminal of Montoir-de-Bretagne and during the unloading of liquefied natural gas (LNG). https://www.youtube.com/watch?v=u5QUjFThXd0 When taken into service in 2006, the 154,000 m3 LNG carrier “Provalys” was the largest LNG carrier in existence. The ‘Provalys’ is propelled […]

  • Tanker Oversupply Might Be Easing Up

    18 August 2014
    Business & Finance

    Although the Caribbean market for Aframaxes has taken a precipitous tumble last week, other tanker segments have maintained healthy spot rates suggesting that vessel oversupply could be moderating in the general sense, Poten & Partners reports in their latest  ‘Tanker Opinions’. “Since ordering momentum continues, due in large part to a feeling that the market is coming […]

  • d’Amico Adds Three Product Tankers

    24 October 2016
    Business & Finance

    Tanker shipping company d’Amico International Shipping has added a 39,000 dwt handysize vessel and two 50,000 dwt medium range ships, built at the Vietnamese shipyard Hyundai Vinashin Shipyard, to its fleet. The total investment for the three new eco-ships, namely Cielo di Salerno, High Wind and High Challenge, amounted to USD 104 million, according to the company. With the […]

  • Aker-Crowley Tanker JV Gets Financial Boost

    12 March 2015
    Business & Finance

    Aker Philadelphia Shipyard (AKPS) and the US shipping company Crowley Maritime Corp have secured a USD 325 loan facility for their joint venture related to the operation and chartering of at least four product tankers, the Oslo-listed shipbuilder said in an announcement. The joint venture has received a firm and fully underwritten commitment from a group of banks and […]

  • Keppel to Build Singapore’s 1st Dual-Fuel Bunker Tanker

    9 April 2018
    Business & Finance

    Keppel Offshore & Marine has won a contract to build Singapore’s first dual-fuel bunker tanker.

  • India: Tanker ‘Pratibha Cauvery’ Refloated

    12 November 2012

    Five day salvage work on grounded ship MT Pratibha Cauvery concluded yesterday with the assistance of Malavya 21 towing vessel, NDTV reports. The salvage team from Singapore refloted the tanker from Chennai beach into the Bay of Bengal waters on Sunday without any oil spill from the ship that will stay in the outer anchorage […]

  • No Market for Unmanned Ships in Tanker Sector

    8 January 2018
    Business & Finance

    Ardmore Shipping does not see a market for unmanned shipping in the tanker sector.

  • OSG to Take Full Ownership of Alaska Tanker Company

    27 December 2019
    Business & Finance

    OSG pens deals to purchase crude oil carrier vessels operated by Alaska Tanker Company.

  • IRISL Denies Ordering Tankers at Sadra

    25 October 2018
    Business & Finance

    IRISL refutes shipbroking reports that linked the company to an order for three tankers at Sadra.

  • Oil tankers will pay more for liability

    25 February 2006

    Tankers and other liquid-carrying ships calling at New Jersey ports will soon have to carry increased insurance against the chance they spill cargo

  • Aramco orders six oil tankers

    20 February 2006

    State-owned Saudi Aramco has awarded South Korean Daewoo Shipbuilding and Marine Engineering a contract to construct six large oil tankers.

  • TEN Rides the Tanker Recovery Wave

    27 November 2018
    Business & Finance

    TEN has secured an 18-month long charter with profit sharing provisions for a Suezmax with an oil concern.

  • Scorpio Tankers Announces Newbuilding Agreements

    6 August 2013
    Business & Finance

    Scorpio Tankers Inc. announced today that it has reached agreements to construct four Very Large Gas Carriers (VLGC) at two yards in South Korea along with two MR and two Handymax ice class-1A fuel efficient product tankers at Hyundai Mipo Dockyard Co., Ltd. of South Korea (HMD). Additionally, the company took delivery of the eleventh […]

  • US Blacklists Six Venezuelan Tankers

    4 December 2019

    The United States has blacklisted six tankers that were shipping crude oil from Venezuela to Cuba. 

  • Four People Die in Tanker Blast

    15 April 2015
    Business & Finance

    Four people have died in an explosion that occurred on Monday on board a Pertamina-owned tanker while undergoing repairs at Belawan Port in North Sumatra. Three victims died on the spot, while the fourth worker died in a hospital succumbing to fatal injuries. Pertamina spokesman Brasto Galih Nugroho confirmed to the Jakarata Post that the tanker […]

  • KOTC Names Two New Tankers

    21 March 2014
    Business & Finance

    KOTC celebrated naming of the two tankers “Dasma” and “Boubyan”. Naming of the new tankers comes within Phase III for fleet revamping that includes building 4 medium-range oil product tankers, 1 long-term petroleum product tanker AFRAMAX LR-2 being built by Hyundai Mipo and 4 supertankers VLCC being built by Daewoo. Dasma and Boubyan tankers are […]

  • Tanker Catches Fire in Kiel Canal

    17 May 2017

    A fire broke out onboard product/chemical tanker Oraness while it was transiting the Kiel Canal in the evening hours of May 16, a representative of the Fire Department Suchsdorf confirmed to World Maritime News. The 79-meter-long vessel, unloaded at the time of the incident, was en route to Brunsbüttel from Aarhus. The fire occurred in […]

  • TEN Secures Work for Tanker Quartet

    7 December 2016
    Business & Finance

    Greek tanker owner and operator Tsakos Energy Navigation Limited (TEN) today announced new time charter contracts for four vessels, an aframax, two panamaxes, and a handysize product tanker, all to major end users. The company said that the average contract length of all four fixtures is 14 months which bring the aggregate fleet gross revenues […]

  • AET Tankers Christens LR2 Duo

    8 June 2017
    Business & Finance

    Petroleum and chemical tanker owner AET Tankers has held a double naming ceremony of two long-range (LR2) petroleum tankers built by South Korean Hyundai Heavy Industries (HHI). Christened at HHI’s yard in Gunsan, Korea, Eagle Lyon and Eagle Le Havre will both qualify for the Green Passport notation, having been designed to optimise overall operational efficiency and minimise […]

  • Wärtsilä Unveils Upgraded Tanker Design

    10 September 2014
    Business & Finance

    Wärtsilä has launched its SK 5054 MkII ship design, a further development and upgraded version of the SK 5054 design. The launch of the new chemical and oil products tanker design will take place at the Wärtsilä stand in Hall A4, Booth 305 at the SMM conference and exhibition in Hamburg, Germany. The Wärtsilä SK 5054 ship […]