10000 results found for 'tanker'

10000 results found for 'tanker'
Order results by

A list of search results

  • Pyxis Tankers Obtains Nasdaq Compliance Again

    14 March 2016
    Business & Finance

    The Greece-based product tanker company Pyxis Tankers Inc. has regained compliance with the Nasdaq’s continued listing requirements regarding the minimum closing bid price, the company said. “We received a written notification from The NASDAQ Stock Market, Inc. on March 11, 2016 stating that the closing bid price of our shares has been USD 1.00 per share […]

  • STX Launches LNG Tanker SCF Mitre

    11 February 2014
    Vessels

    STX Offshore & Shipbuilding has launched the second ice class LNG tanker, SCF Mitre, ordered by Russia’s Sovcomflot under a long-term agreement with Shell, the Russian Maritime Register of Shipping (RS) said in a statement. The first tanker, SCF Melampus, was launched on 5 November 2013. The delivery of SCF Melampus is planned for the […]

  • Construction Starts on Furetank’s 7th Vinga Tanker

    17 September 2019

    A steel-cutting ceremony in China marked the start of construction.

  • 7th Newbuilding Joins Navig8 Product Tankers

    24 January 2017
    Business & Finance

    The seventh newbuilding product tanker has been delivered to the shipping firm Navig8 Product Tankers from Chinese shipbuilder Guangzhou Shipyard International Company Limited. Featuring 113,000 dwt, the LR2 tanker Navig8 Gladiator was ordered as part of a batch of eight ships from the former CSSC Offshore & Marine Engineering (Group) Company Limited, now GSI. With 128,000 cbm, the new ship is […]

  • Explosion rocks Hafnia tanker at Jeddah port

    14 December 2020
    Ports & Logistics, Safety, Vessels

    A Singapore-flagged LR1 Product tanker has been hit from ‘an external source’ whilst discharging at Jeddah, Saudi Arabia, on 14 December 2020, causing an explosion and subsequent fire onboard.

  • LNG Tanker Insurance Rates Going Up

    8 September 2011

    The cost of insuring liquefied natural gas (LNG) tankers has risen as naval containment of piracy fails and surging global demand spurs traf… (arabianbusiness) [mappress] Source: arabianbusiness, September 8, 2011;

  • Bay Shipbuilding Gets Contract for Oil Tanker

    23 November 2005

    Bay Shipbuilding in Sturgeon Bay has been awarded a contract to build an ocean-worthy oil tanker. The ocean-class, double-hull, hot oil tank barge will be 369 feet in length and have an 80,000 barrel capacity. It’s scheduled for delivery in approximately one year.

  • New study to explore converting tanker to containership

    8 February 2022
    Business Developments & Projects, Collaboration, Infrastructure, Innovation, Outlook & Strategy, Research & Development, Vessels

    Swedish tanker shipping company Concordia Maritime has launched a technical design study on the conversion of a tanker to a container vessel.

  • 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.

  • Team Tankers International Shakes Up Fleet

    26 February 2016
    Business & Finance

    Tanker owner Team Tankers International Ltd. has engaged in considerable reshuffling of its fleet with a dozen of vessel transactions carried out since November. The most recent ones saw Team Tankers sell the 20,000 dwt stainless steel ship the North Fighter, and agreeing to sell two 3,500 dwt stainless steel ships, the Sichem Colibri and […]

  • Naqilat to invest $3.5bn on gas tankers, shipyard

    26 May 2005

    Qatar Gas Transportation Co (Naqilat) plans to invest $3.5bn on gas tankers, bulk carriers and a ship-repair yard, its managing director said. About $2.5bn is for liquefied petroleum gas carriers and $1bn divided equally on a yard and bulk ships, the director, Robert Curt, said in London.

  • MSI: Tanker Earnings to Bounce Back in Q2

    22 March 2016

    VLCC, Suezmax, Aframax and product tanker rates are expected to rebound in the second quarter of 2016 supported by oil market fundamentals’ recovery, according to Tanker Freight Forecaster from Maritime Strategies International. Though last month saw a fall in VLCC spot earnings, rates are set to rise in the second quarter on high crude supply which […]

  • 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 […]

  • 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 […]

  • Product tanker deliveries to jump 256% in 2025

    16 January 2025
    Market Outlooks, Outlook & Strategy

    Product tanker newbuild deliveries are expected to reach 12 million deadweight tonnes (dwt) in 2025, with deliveries set to jump 256% compared to the 3.4 million dwt delivered in 2024, shipping association BIMCO revealed.

  • Singapore-Owned Tanker Raided in Malacca Strait

    23 April 2014
    Business & Finance

    Armed pirates raided a Singapore-owned tanker in the Malacca Strait stealing several million liters of diesel fuel it was carrying, as informed by Malaysian marine police on Wednesday. According to the reports, ten armed pirates stopped the vessel, en route from Singapore to Myanmar, on early Tuesday off Klang port. After the pirates boarded the […]

  • 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 […]

  • Leighton: First Tanker Successfully Berthed (Iraq)

    12 March 2012

    Leighton Offshore has announced that following the successful hydrostatic testing of the onshore and offshore pipeline systems and subsequent final commissioning of the offshore export facility, crude oil was now flowing to a single point mooring (SPM) installed under the $799m Iraq Crude Oil Export Expansion Project (ICOEEP) Phase 1 in Iraq. The first tanker […]

  • 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 […]

  • Denmark: TORM Cancels MR Tanker Newbuilding

    22 November 2011
    Business & Finance

    TORM has entered into an agreement to cancel one MR product tanker newbuilding, which was scheduled for delivery in March 2013. The parties have agreed not to disclose the terms. “TORM has cancelled an MR newbuilding as part of the Company’s overall plan to preserve cash and delever the balance sheet. With this agreement TORM has remaining […]

  • 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.

  • 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 […]

  • 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 […]