10000 results found for 'tanker'

10000 results found for 'tanker'
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  • Pantheon Tankers Tied to Phoenix Advance Acquisition

    14 July 2017
    Business & Finance

    Greece-based tanker management firm Pantheon Tankers Management has bought a second-hand Aframax tanker from Singaporean owner Phoenix Tankers. The transaction, dated July 13, shows the 2011-built Phoenix Advance being sold for USD 28 million, based on VesselValue’s data. The Aframax will join the company’s 20-strong tanker fleet. Pantheon has three more newbuilds on order, two 114,700 DWT […]

  • G E Shipping Takes Delivery of MR Product Tanker

    27 September 2013
    Business & Finance

    The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a 2005 built Medium Range (MR) product tanker “Jag Pranav” (about 51,300). With the induction of “Jag Pranav”, the Company’s fleet stands at 30 vessels, comprising 22 tankers (8 crude carriers, 13 product  tankers, 1 LPG carrier) and 8 dry bulk carriers (1 […]

  • China Considering Salvage of Sunken Iranian Tanker

    22 January 2018

    The Chinese authorities are reviewing a possibility of salvaging the wreck of sunken Iranian tanker.

  • Scorpio Tankers Offloads Remaining Dorian Stake

    24 July 2015
    Business & Finance

    Scorpio Tankers Inc. has entered into a deal to sell 3,392,083 common shares of Dorian LPG Ltd., owner and operator of Very Large Gas Carriers (VLGCs), to Sino Energy Holdings LLC, for a purchase price of USD 16.16 per share.  The company said that the shares would be sold pursuant to an effective resale registration […]

  • Scorpio Tankers Offloads Remaining Dorian Stake

    24 July 2015
    Business & Finance

    Scorpio Tankers Inc. has entered into a deal to sell 3,392,083 common shares of Dorian LPG Ltd., owner and operator of Very Large Gas Carriers (VLGCs), to Sino Energy Holdings LLC, for a purchase price of USD 16.16 per share.  The company said that the shares would be sold pursuant to an effective resale registration […]

  • Iraq About to Invest in Large Tanker Fleet

    17 February 2017
    Business & Finance

    Iraq has set sights on creating a large fleet of modern oil tankers to transport the country’s crude, Reuters reports quoting a statement from the country’s Oil Minister. “The ministry wants to restructure the company’s mission to develop its operations by building and buying a large fleet of tankers to transport and market oil to all parts of the world,” Minister Jabar […]

  • Teekay Firms Shuttle Tanker Order at SHI

    25 August 2017
    Business & Finance

    South Korean shipbuilder Samsung Heavy Industries (SHI) has sealed the order for two Suezmax-size DP2 shuttle tankers with Teekay Offshore Partners (TOO). The shipbuilder said today in an exchange filing that it has signed a sales and supply contract with Teekay for the tanker pair. The contract, worth KRW 309.2 billion (USD 274 million), contains options for […]

  • Petronas of Malaysia to Directly Buy LNG Tankers

    1 August 2013

    Petronas of Malaysia plans to directly purchase newbuild LNG tankers to bring down costs. The company will hire its shipping unit MISC to provide project management and technical consultancy services for the construction of the new LNG vessels, Reuters informs. “The move will allow Petronas to have direct access to LNG shipping capacity at the […]

  • BIMCO: January Tanker Deliveries at a Record High

    2 February 2017
    Business & Finance

    Crude oil tanker deliveries reached a record high in January as 5.5 million dwt of the capacity entered the fleet so far this year, representing an increase of 220% from January 2016, BIMCO said citing preliminary data from VesselsValue. The month already accounts for 22% of the previous year’s total crude oil tanker deliveries. In comparison to […]

  • Teekay Tankers Nets USD 900m Loan

    14 December 2015
    Business & Finance

    Nasdaq-listed tanker shipping company Teekay Tankers has secured a new USD 900 million long-term debt facility that will be used to refinance 36 of the company’s existing vessels. The loan, set to mature in January 2021, will include refinancing of the recently-acquired vessels that are secured by the company’s two bridge loan facilities which mature in early-2016, […]

  • Fifth Chemical Tanker Delivered to Ocean Yield

    12 April 2016
    Business & Finance

    The Oslo-listed Ocean Yield ASA has taken delivery of a 49,000 dwt IMO II chemical tanker Navig8 Turquoise from Korean shipbuilder STX. This is the fifth vessel delivered in a series of total eight chemical tankers that will be chartered to Navig8 Chemical Tankers under a 15-year “hell and high water” bareboat charter. Navig8 Turquoise will be […]

  • Teekay Tankers Plans to Expand Its Fleet

    25 February 2013
    Business & Finance

    Teekay Tankers Ltd. on Thursday reported its results for the three months ended December 31, 2012. During the fourth quarter of 2012, the Company generated $10.8 million, or $0.13 per share, in Cash Available for Distribution(2), compared to $9.7 million, or $0.12 per share, in the third quarter of 2012. On February 20, 2013, Teekay […]

  • Drewry Maritime: Better Prognosis for Product Tankers

    16 February 2012

    Drewry Maritime Research’s latest Tanker Forecaster report looks at how surplus tonnage is placing a burden on crude tanker freight rates in the short and medium term, however, product tankers especially MR tankers, are expected to perform better in the coming years. Freight rates for MR product carriers improved in the last quarter of 2011 […]

  • Hijackers Board Oil Tanker off Indonesia

    15 October 2015
    Business & Finance

    The Liberia-flagged oil/products LR tanker MT Almi Spirit was boarded by six pirates in the Strait of Singapore today, Admiral Datuk Ahmad Puzi Ab Kahar, the Director General of Malaysian Maritime Enforcement Agency (MMEA), reported via Twitter. The six men boarded the 2007-built tanker at around 7 a.m. local time in Indonesian waters, while the vessel was en route […]

  • BIMCO: Oil Product Tanker Earnings in Decline

    30 June 2016

    Oil product tanker earnings are the lowest since Q3 of 2014 and could drop even further but there is still money to be made in the second half of this year, according to BIMCO.  The reason for this decline is oil product tanker fleet growth coupled with slowing down of oil product stock building seen at […]

  • Maersk Tankers Orders 9 at Samsung Ningbo

    18 September 2015
    Business & Finance

    Copenhagen-headquartered tanker owner and operator Maersk Tankers has signed a USD 300 million contract with Samsung Heavy Industries Ningbo shipyard in China for the construction of nine 49,940 dwt Medium Range product tankers.  The contract was signed today at Maersk Tankers’ office in Copenhagen by Claus Grønborg, VP and Head of Business Development of Maersk Tankers, […]

  • Big Fleets to Hold in Check Tanker Consolidation

    12 February 2018

    Big fleets and the diverse ownership of the remainder of the VLCC fleet to cap consolidation in the sector.

  • Crowley Sells Two Jones Act Tankers

    6 November 2014
    Business & Finance

    Crowley Maritime Corporation’s petroleum services has sold two Jones Act tankers, the Pennsylvania and Florida, to Kinder Morgan Energy Partners, L.P. Crowley said that it would continue to manage the vessels with no changes in crewing or operations. The tankers have been under long term charter transporting gasoline, jet fuel, diesel and crude oil since being placed […]

  • Tanker ‘Dahi Bulbul’ launched in istanbul shipyard

    23 March 2005

    A gigantic tanker

  • Pacific Carriers Tied to Tanker Order at STX

    10 July 2018
    Business & Finance

    Singapore’s Pacific Carriers Limited (PCL) has reportedly decided to expand its fleet by up to three new tankers.

  • One More Navig8 Tanker Named in China

    16 August 2018

    New Times Shipbuilding names Navig8′ new 111,000 dwt oil tanker.

  • Product Tanker Supply About to Outpace Demand

    2 September 2015

    Impending fleet growth is expected to reduce the product tanker market’s earnings over the medium term impacting the healthy returns the market enjoyed in recent years, according to Drewry’s Product Tanker Market Annual Report 2015. The widespread switching of trade by product/chemical tankers (swing tankers) from chemicals to refined products has resulted in rapid growth in the […]

  • Kuwait takes delivery of crude oil tanker Kazma 3

    5 April 2006

    KUWAIT: Kuwait has officially taken delivery of the giant oil tanker Kazma 3 yesterday. Kazma 3 is part of the modern fleet of the Kuwait Oil Tanker Company which has embarked on a fleet renewal programme.

  • Cruise Ship Collides with Tanker off Gallipoli

    29 June 2015
    Business & Finance

    A Celestyal Cruises ship suffered structural damage to its bow and was forced to dock at Turkey’s port of Gallipoli after it collided with the Marshal Islands-flagged product tanker STI Pimlico in the early hours of Saturday. The 37,000 dwt tanker was reportedly carrying highly flammable naphtha at the time of the collision. Local coastal safety authorities reported that […]

  • NAT cashing in on never stronger tanker market

    27 April 2020
    Business & Finance

    The tanker market has never been so strong, according to Herbjørn Hansson Chairman & CEO of Nordic American Tankers (NAT). The company, which owns and operates Suezmax tankers, is cashing in on the market bonanza and unprecedented demand for floating storage. Namely, big oil companies the likes of Exxon, Shell, BP and Equinor are scrambling for storage […]