Category archives: Tankers

d'Amico sales m/t High Spirit and m/t High Challenge

d’Amico International Shipping S.A. announces  that its operating subsidiary d’Amico Tankers Limited (Ireland), agreed the sale of the MR product tanker vessels M/T High Spirit and ...

d'Amico orders two more tankers

d’Amico International Shipping S.A.  announces that its operating subsidiary d’Amico Tankers Limited (Ireland), exercised its purchase options, as earlier disclosed last 12 of March, and entered into ...

Sovcomflot launches first VLCC tanker

On 5 May, 2013, the first of two Very Large Crude Carrier tankers (VLCC) ordered by Sovcomflot Group was successfully launched. SCF is a world leader in the product carrier ...

Tanker major chooses G-type engine

STX Offshore & Shipbuilding announced on April 8, 2013 that it had signed a contract to build four 113,000-dwt Long Range 2 (LR2) product tankers for Teekay Tankers Ltd., with ...

CFO of TORM resigns

CFO and member of the Executive Board of TORM Roland M. Andersen has tendered his resignation. He will continue his normal duties on the Executive Board and leave the Company ...

Odfjell buys MT Bow Engineer

Odfjell has entered into a contract for the purchase of MT Bow Engineer, a 30,086 DWT chemical tanker (IMO II/III) with 28 stainless steel cargo tanks, built in ...

TORM enters into an agreement with Oaktree on five MR product tankers

TORM has entered into an agreement to sell five MR product tankers to a company controlled by Oaktree Capital Management (Oaktree). The sale is a consequence of the specific option ...

Euronav sales Suezmax Cap Isabella

The executive committee of Euronav NV announced that the company sold the Newbuilding Suezmax Cap Isabella (2013 – 157,648 dwt) for a selling price of USD 54,000,000 and ...

MOL installs ballast water treatment system on VLCC

Mitsui O.S.K. Lines, Ltd. announced completion of work to install a ballast water treatment system on the very large crude oil carrier (VLCC) Libra Trader at Keppel Shipyard ...

Drewry: Sigh of relief for Suezmax owners

Drewry’s latest Tanker Insight saw the Tanker Earnings Index jump by 69% as activity surged, lifting freight rates across all vessel segments.
Chartering activity in the dirty tanker market ...

Odfjell and NCC to discontinue chemical tanker pool

After four years of co-operation Odfjell Tankers and National Chemical Carriers (NCC) have agreed, effective 1 June 2013, to dissolve their pool of 40,000 to 45,000 dwt coated ...

Teekay Tankers orders four LR2 product tanker newbuildings

Teekay Tankers Ltd.  announced that it has entered into an agreement with STX Offshore & Shipbuilding Co., Ltd., (STX) of South Korea for the construction of four, fuel-efficient 113,000 dead-weight ...

Drewry: VLCCs continue to struggle

The market continues to struggle and Drewry's latest Tanker Insight report saw the Drewry Tanker Earnings Index suffer a further decline in February.

Weak demand hammered freight rates on ...

AET reinforces leadership position in world VLCC fleet

Today (15 March 2013) global petroleum tanker operator, AET, maintained its industry leading position in the world tanker fleet with the delivery of a second “eco-design” VLCC that is fully ...

DIS orders two more eco design product tankers vessels

d’Amico International Shipping S.A., an international marine transportation company, operating in the product tanker market, announces  that its operating subsidiary d’Amico Tankers Limited (Ireland), entered into contracts ...

Another tanker released from Somali pirates

It has been a busy couple of days for EU Naval Force (EU NAVFOR) flagship ESPS Méndez Núnez. The Spanish warship, which is conducting EU counter piracy patrols ...

EU NAVFOR assists to MV Royal Grace after freedom from pirates

On 8 March 2013 EU Naval Force (EU NAVFOR) flagship ESPS Méndez Núnez provided much-needed assistance to the crew of chemical tanker MV Royal Grace after the vessel ...

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