Category archives: Tankers

NASSCO christens and launches eco-friendly tanker, the Constitution

On Saturday, August 27, shipbuilders at General Dynamics NASSCO celebrated the christening and launch of the Constitution, the sixth ship in a series of eight eco-friendly tankers constructed or under ...

Rising refinery capacity to dent crude tanker shipping outlook

A steep rise in refinery capacity in the Middle East, the world’s crude oil production hub, will diminish oil trade growth and with it prospects for tanker shipping, according ...

Gener8 Maritime announces delivery of the Gener8 Chiotis

Gener8 Maritime, Inc., a leading U.S.-based provider of international seaborne crude oil transportation services, announced that it took delivery of the "ECO" VLCC the Gener8 Chiotis on August ...

Ternsund the first ship to bunker LNG in Rotterdam

Recently, the bunkering (taking on fuel) of the Ternsund was initiated. It is the first sea-going vessel to bunker LNG (liquefied natural gas) in Rotterdam. As a result the brand ...

MR tanker time charter rates under pressure

Time charter rates in the smaller chemical tanker vessel sizes are expected to remain stable over the next two years, but rates for the larger sizes, especially MRs, will decline ...

Navig8 Product Tankers takes delivery of its first newbuilding

Navig8 Product Tankers Inc., an international shipping company focused on the transportation of petroleum products, announced that it has taken delivery of the Navig8 Pride, a 74,000 DWT LR1 ...

Stolt-Nielsen agrees to acquire the chemical tanker operations of Jo Tankers

Stolt-Nielsen Limited announced that it has agreed to acquire the chemical tanker operations of Jo Tankers. The transaction comprises 13 chemical tankers and a 50% share in a joint venture ...

Sovcomflot Group gains the right to buy nine PRISCO vessels

SCF Tankers Ltd., a subsidiary of PAO Sovcomflot (“SCF Group”), has won the auction for nine vessels that belonged to Primorsk International Shipping Ltd. (“PRISCO”). The United States Bankruptcy Court ...

IMOIIMAX tanker Stena Imagination is delivered

The MR tanker Stena Imagination has been delivered from the Chinese shipyard GSI (Guangzhou Shipbuilding International). The vessel is jointly owned on a 50-50 basis by Stena Bulk and Indonesian ...

Volume order win for Maersk Fluid Technology’s BOB system

In the second half of 2015, Maersk Fluid Technology introduced a new version of its cylinder oil ‘Blending-On-Board’ (BOB) system, targeting medium-sized 2-stroke propulsion engines with a cylinder bore between ...

"K" Line and KLPL to invest in next generation VLCC and AFRAMAX

Kawasaki Kisen Kaisha, Ltd. ("K" Line) and "K" Line Pte Ltd. (KLPL), have signed the ship building contracts for three next generation VLCCs and two AFRAMAX tankers in line with ...

Scorpio Tankers announces a commitment for a new loan facility

Scorpio Tankers Inc. announced that the Company has received a commitment for a loan facility up to $300 million from ABN AMRO Bank N.V., Nordea Bank Finland plc, acting ...

Sovcomflot and Gazprom Neft sign a Memorandum of Understanding

As part of the Saint Petersburg International Economic Forum, Sovcomflot and Gazprom Neft have entered into a Memorandum of Understanding (MOU) for the supply of marine lubricants. The MOU document ...

SCF Group and VTB Bank sign USD 260 million loan to finance Arctic LNG tanker

On 17 June 2016, as part of the 20th International Economic Forum in Saint Petersburg, PAO Sovcomflot (“SCF Group”) and VTB Bank signed a USD 260 million 13-year loan agreement ...

MOL introduces ClassNK e-GICSX on tanker newbuilding

Mitsui O.S.K. Lines (MOL) has introduced ClassNK Consulting Service’s condition-based monitoring (CBM) system ClassNK CMAXS e-GICSX on the M/V Taranaki Sun, marking the system’s first ...

Stena Weco's tanker named in Copenhagen by Princess Mary of Denmark

The chemical and product tanker Stenaweco Impulse was last Monday named at Langelinie Pier in the centre of Copenhagen in a solemn ceremony attended by guests from near and far ...

Frontline sells six medium range tankers

Frontline Ltd. announced that it has entered into an agreement whereby the Company will sell its six medium range tankers for an aggregate sale price of $172.5 million to ...

Frontline: Acquisition of VLCC newbuilding contracts

Frontline Ltd. is pleased to announce the acquisition of two VLCC newbuildings under construction at Hyundai Heavy Industries at a purchase price of $84 million each. The vessels are due ...

Euronav, Diamond S Shipping and Frontline join in Suezmax chartering joint venture

Euronav NV announces the formation of a commercial joint venture with Diamond S Management LLC and Frontline Ltd. The aim of the joint venture is to create a single point ...

Frontline reports results for the first quarter 2016

Frontline Ltd. has reported unaudited results for the three months ended March 31, 2016. Robert Hvide Macleod, Chief Executive Officer of Frontline Management AS commented:

"We are very pleased to ...

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