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Maersk Product Tankers sells 14 ships to CDBL

8 December 2020

Infrastructure, Vessels

Denmark-based tanker owner Maersk Product Tankers has entered into an agreement with China Development Bank Financial Leasing (CDBL) for the sale of fourteen product tankers.

Picture of the Day: Clean Force LNG tanker

27 March 2015

The 149,700 cbm Clean Force LNG carrier, owned by Dynagas, is currently docked at the QCLNG jetty off Gladstone, Australia. BG Group, the operator of the QCLNG project, has a charter contract with Dynagas for the 2008 built vessel which expires in July this year. Dynagas last year signed a 13-year time-charter contract with Gazprom Marketing […]

Scorpio Wraps Up Merger with Navig8 Product Tankers

4 September 2017

Business & Finance

Monaco-based tanker owner and operator Scorpio Tankers has closed its merger with Navig8 Product Tankers Inc, the company informed. To make the merger a reality, Scorpio has issued 55 million shares of its common stock to the holders of NPTI’s common shares or 19.7% of the current 279,663,300 Scorpio common shares issued and outstanding. Through […]

Poten & Partners: Tanker Deliveries vs. Scrapping Potential

14 November 2016

Business & Finance

Given the orderbook, the tanker market is expected to experience ample supply growth in the coming years while the forecasts for tanker demand growth are rather subdued, according to Poten & Partners. In recent years, tanker sales for scrap have been “few and far between,” while the average age of tankers that are sold for demolition is […]

Navios Acquisition Acquires Navios Europe Tanker Quintet

8 January 2020

Business & Finance

Following the liquidation of Navios Europe I, Navios Maritime Acquisition takes delivery of 5 tankers.

Australia: second tanker due at GLNG this week

19 October 2015

Vessels

A second liquefied natural gas carrier is expected to dock at the GLNG jetty on Curtis island off Gladstone this week. LNG tanker Cool Voyager, with a capacity of 160,000 cbm, is due to arrive at the Santos-operated US$18.5 billion LNG plant around October 21, according to Gladstone port shipping data. The final destination of […]

Tsuneishi Shipbuilding to Switch Focus to Tankers, Boxships

1 June 2017

Business & Finance

Japanese shipbuilder Tsuneishi Shipbuilding revealed plans to lower the construction ratio of bulk carriers by 2023 and shift to other ship types such as tankers and containerships. In response to falling ship prices and ocean freight affected by excess shipping tonnage worldwide, the shipbuilder said it plans to promote a strategic product mix and build a […]

Besiktas Shipyard wins LNG-powered tankers order

14 November 2014

Vessels

Turkis Besiktas Shipyard won an order from Groupe Desgagnés of Canada for two LNG-powered tankers.

JO Tankers Orders Eight Vessels from China

11 November 2013

Business & Finance

JO Tankers has confirmed that the company placed its largest ever order for eight 33.000 dwt stainless-steel chemical tankers at China’s New Times Shipbuilding, with deliveries scheduled for 2016 and 2017. The deal, estimated to be worth around $320 million, consists of firm and optional contracts. The new buildings will join Milestone Chemical Tankers – […]

DHT: Tanker Market Hit from Both Sides

7 February 2018

Business & Finance

Tanker transportation is hit by inventory drawdowns and deliveries of newbuildings.

GSI Delivers Final Newbuilding to Navig8 Product Tankers

19 May 2017

Business & Finance

Petroleum products shipping company Navig8 Product Tankers has taken delivery of the Navig8 Gratitude, a 113,000 DWT LR2 tanker from China’s Guangzhou Shipyard International Company Limited (GSI). The Navig8 Gratitude is the last of eight vessels contracted at GSI, formerly CSSC Offshore & Marine Engineering (Group) Company Limited, to be delivered to the company. The […]

Navigate Product Tankers in Loss Despite Rates Rebound

16 May 2017

Business & Finance

Although product tanker rates started to recover in the first quarter of the year, Norway-based Navig8 Product Tankers ended the quarter with a net loss of USD 1.2 million, against a net income of USD 5.7 million seen a year earlier. Despite the result, the company’s revenue for the period increased to USD 38.3 million from USD 22.9 million, […]

Ardmore to manage 4 chemical tankers for Carl Büttner

2 March 2021

Infrastructure, Vessels

Bermuda-based tanker owner and operator Ardmore Shipping Corporation has unveiled a new partnership with Carl Büttner, taking on the commercial management of four chemical tankers on behalf of the Bremen-based shipowner.

NASSCO christens second LNG-ready tanker for APT

25 April 2016

Vessels

General Dynamics NASSCO on Saturday christened the second LNG-ready tanker for American Petroleum Tankers, currently under construction at the company’s shipyard in San Diego.

Odfjell orders two LNG-ready chemical tankers

10 April 2017

Project & Tenders, Vessels

Norwegian shipping company Odfjell signed final shipbuilding contracts with China’s Hudong-Zhonghua Shipbuilding for the construction of two LNG-ready chemical tankers.

d’Amico Joint Venture Agrees to Sell MR Tanker

3 June 2019

Business & Finance

d’Amico International Shipping’s joint venture is to sell an MR product tanker for USD 28.7 million.

Tanker Fire: Another Body Recovered (Malaysia)

29 July 2012

Business & Finance

MISC confirms that another body was recovered in the waters early Saturday morning. The identity of the body has yet to be confirmed. As for the two bodies recovered on Friday they are confirmed to be Ordinary Seaman Mohd Hanafi Bin Kalil and Senior Pumpman Zahari Bin Hassim, both Malaysians. [mappress] Source: MISC Berhad, July […]

New partnership eyes development of NH3-fueled NH3 bunkering tanker

8 September 2023

Business Developments & Projects, Collaboration, Green Marine, Outlook & Strategy, Research & Development, Vessels

ClassNK, a ship classification society, Consort Bunkers, bunkering ships operator, Daihatsu Diesel, alternative fuel engines developer, Daikai Engineering, machinery and marine equipment and after-sales service provider, and SeaTech Solutions International, designer of ships equipped with alternative fuel engines, have concluded a memorandum of understanding (MoU) concerning a joint study on ammonia-fueled ammonia bunkering tanker. Specifically, […]

Two Killed, One Missing after Explosion on Russian Tanker

4 November 2019

Business & Finance

Two people died and another person is missing following an explosion on board a Russian tanker.

Desgagnés Takes Delivery of New Dual-Fuel Polar-Class Tanker

22 November 2018

Business & Finance

Desgagnés has accepted delivery of M/T Paul A. Desgagnés, a new-generation product tanker.

Fifth Newbuilding Joins Navig8 Chemical Tankers’ Fleet

12 January 2017

Business & Finance

Navig8 Chemical Tankers, a joint venture between the Navig8 Group and Oaktree Capital Management, has taken delivery of the Navig8 Saiph, a 25,000 dwt stainless steel chemical tanker, from Japanese shipbuilder Kitanihon Shipbuilding. The Navig8 Saiph is the fifth of six vessels ordered by the company from Kitanihon. In addition, the tanker is the first of […]

DryShips Sails Back into Tanker Market with Two Ships

21 February 2017

Business & Finance

Greek owner of drybulk carriers DryShips Inc. has decided to re-enter the tanker shipping market as it agreed to purchase an Aframax tanker and a very large crude carrier (VLCC). Bought for a total gross price of about USD 102.5 million, the two vessels are set to join DryShips’ fleet in the second quarter of […]