Archive for the ‘Tankers’ Category

Sale of the VLCC Luxembourg

Sale of the VLCC Luxembourg
ANTWERP, Belgium, 15 January 2014 – Euronav NV (NYSE Euronext Brussels: EURN) today announced that the company sold its oldest double-hulled VLCC Luxembourg (1999 – 299, 150 dwt), for USD 28 million. The vessel is wholly owned by Euronav. The capital gain on that sale of about USD 6 million will...
January 15th, 2014 | Markets, News, Oil Industry, Oil Platforms and Rigs, Sales and Purchases, Stock Markets, Tankers | Read More

Damen Double Hull Oil Tanker 8000 for Opfeart Beheer

Damen Double Hull Oil Tanker 8000 for Opfeart Beheer
The “King Fisher” The Damen Double Hull Oil Tanker 8000 ‘Kestrel Fisher’ was delivered end 2013 to Dutch managers De Opfeart Beheer. In a two-tanker deal, the Kestrel Fisher’s sister vessel ‘King Fisher’ was delivered in June 2013. Both have been built by Damen Shipyards Bergum....
January 9th, 2014 | News, Oil Industry, Shipbuilding and Shipyards, Tankers | Read More

Euronav acquisition of Maersk VLCC fleet

Euronav acquisition of Maersk VLCC fleet
ANTWERP, Belgium, 5 January 2014 – Euronav is pleased to announce that it has entered into a contract to acquire fifteen (15) Very Large Crude Carriers (VLCC) from Maersk Tankers Singapore Pte Ltd for a total acquisition price of USD 980 million payable as the vessels are being delivered. The vessels...
January 6th, 2014 | Energy, Oil Industry, Shipbuilding and Shipyards, Story of the Day, Tankers | Read More

Market dips

Market dips
John Faraclas We did said it: 2014 will be the year of the upheavals… Again live from the studios of SBC TV in Athens earlier on this afternoon Friday the 3rd of January 2014 John Faraclas expressed his fears about the world shipping markets in its entirety. The year opened with the markets diving...
January 3rd, 2014 | Airline Industry, Chartering, Cruise Industry, Dry Bulkcarriers, Fixtures, Maritime Tourism, News, Oil Industry, Ports & Terminals, Sales and Purchases, Ship Conversions, Ship Demolitions, Shipbuilding and Shipyards, Shipfinance, Shipping Indices, Shiprepair, Statistics, Stock Markets, Tankers, Taxation, Tourism, Trade and Commerce | Read More

Tanker market “not for the faint hearted” delegates warned.

Tanker market “not for the faint hearted” delegates warned.
TradeWinds Events – Dec 13, 2013 12:09 GMT – A severe storm in Europe last Friday did nothing to dampen debate at the TradeWinds Charterers Forum in Geneva, although optimism for new year cheer among tanker owners was muted. Discussion focused on where the tanker market is headed for 2014....
December 13th, 2013 | Conferences, Seminars, Forums, Energy, Markets, Tankers | Read More

ClassNK Tanker Expert Appointed Chairman of Tanker Structure Co-operative Forum

ClassNK Tanker Expert Appointed Chairman of Tanker Structure Co-operative Forum
Tokyo – The Tanker Structure Co-operative Forum (TSCF) has elected Hayato Suga as its next Chairman at a recent Steering Committee Meeting. Hayato Suga is the General Manager of ClassNK’s Natural Resources and Energy Department and one of ClassNK’s foremost experts on tanker vessels. The TSCF was...
December 11th, 2013 | Classification Societies, Tankers | Read More

GAC sharpens focus on Brazil’s billion dollar chemical industry

GAC sharpens focus on Brazil’s billion dollar chemical industry
Chemical tanker services added to portfolio    SAO PAULO – December 10, 2013: GAC Brazil – the South American arm of the GAC global provider of shipping, logistics and marine services – has added specialist support for chemical tankers to its package of integrated services.    This...
December 10th, 2013 | Logistics, Marine Equipment Products and Services, Ports & Terminals, Tankers | Read More

Is the $300m tanker vetting industry out of control?

Is the $300m tanker vetting industry out of control?
The vetting inspections of tankers by oil companies are proliferating in frequency, rising steadily in cost and, at an estimated $300m a year, are well on the way to running out of control. The Ship Inspection Report (SIRE) programme developed by the Oil Companies International Marine Forum (OCIMF) intended...
December 9th, 2013 | Chartering, Marine Equipment Products and Services, Tankers | Read More

Sovcomflot tanker “Viktor Bakaev” completes East to West Northern Sea Route voyage

Sovcomflot tanker “Viktor Bakaev” completes East to West Northern Sea Route voyage
On 28 October 2013, at 12:20 p.m. Moscow time, the SCF Group (Sovcomflot) tankerViktor Bakaev passed Cape Zhelaniya, thus completing her transit of the Northern Sea Route (NSR). The voyage across the NSR took 14 days, including the time waiting for the ice convoy of vessels to form. The average speed...
October 30th, 2013 | Arctic Shipping, Events, Tankers | Read More

PRISCO’s tanker Zaliv Amurskiy completes her first Arctic voyage

PRISCO’s tanker Zaliv Amurskiy completes her first Arctic voyage
The “Zaliv Amurskiy” The Zaliv Amurskiy, a tanker of Primorsk Shipping Corporation (PRISCO), completed her first Arctic voyage on October 22, 2013. The vessel arrived at Antwerp for unloading of diesel fuel delivered via the Northern Sea Route, PRISCO said Thursday in a media release. This...
October 25th, 2013 | Arctic Shipping, IT and Communications, Marine Equipment Products and Services, Tankers, Technology | Read More

Watch out for the shipping markets as they drop again

Watch out for the shipping markets as they drop again
John N. Faraclas With the BDI down to 1901 points last Friday 18 October 2013 it’s more than evident that we are heading for yet another collapse. Shipping is in a big mess and only few will go through! Tramp Shipping will become “shipping for the few” and Liner shipping entering a new phase and...
October 19th, 2013 | Arctic Shipping, Chartering, Comment, Dry Bulkcarriers, Fixtures, Liner Shipping and Trade, Markets, Mergers and Acquisitions, Sales and Purchases, Ship Demolitions, Ship Finance, Shipping Indices, Stock Markets, Tankers, Trade and Commerce | Read More

Energy Developments in South east Mediterranean

Energy Developments in South east Mediterranean
The London Hellenic Centre The first day of this timely and well prepared two-day international conference at London’s Hellenic Centre attracted over 150 delegates –  a major success, given it is a Friday, and will continue with its Shipping as well as Energy & Renewables Energy sessions...
September 20th, 2013 | Alternative Sources of Energy, Conferences, Seminars, Forums, Energy, European Union, LNG, News, Oceanology, Oil Industry, Oil Platforms and Rigs, Politics and Government, Ports & Terminals, Tankers, Trade and Commerce | Read More

China office for London’s Baltic Exchange

China office for London’s Baltic Exchange
  The Baltic Exchange London headquartered bulk shipping exchange, the Baltic Exchange has today, Tuesday the  17 September 2013,  opened a new office in Shanghai. The exchange, whose members comprise the world’s leading shipping, chartering and broking companies, provides data on the cost of...
September 17th, 2013 | Chartering, Dry Bulkcarriers, Fixtures, LNG, LPG, Markets, News, Sales and Purchases, Ship Demolitions, Shipping Indices, Tankers | Read More

Derek Prentis’ views on the industry in black and white!

Derek Prentis’ views on the industry in black and white!
Derek Prentis, MBE, The Father of the Baltic Both the world economy and world politics are in a bad state and things should change, otherwise we fear of unprecedented social repercussions with detrimental effects; the following questions address our fears and also one has to prioritise the wants and...
August 14th, 2013 | Chartering, Dry Bulkcarriers, Fixtures, Markets, News, Piracy and Terrorism, Sales and Purchases, Tankers, Trade and Commerce | Read More