Tag archives: VLCC

Euronav: Acquisition of four existing VLCCs under construction

Euronav has entered into an agreement for the acquisition through resale of four VLCCs which are completing construction at Hyundai Heavy Industries for an aggregate purchase price of USD 384 ...

Bahri inks contracts with Hyundai Samho Heavy Industries to build 5 very large crude carriers

The National Shipping Company of Saudi Arabia (Bahri) announces that the company signed contracts with Hyundai Samho Heavy Industries (HSHI) on Thursday evening, May 21, 2015 to build 5 very ...

Gener8 and Navig8 to create the largest owner of eco VLCCs

Gener8 Maritime, Inc. announced that General Maritime Corporation and Navig8 Crude Tankers Inc have completed the merger to create Gener8 Maritime, a leading U.S.-based provider of international seaborne ...

Korean Register facilitates high quality, optimised conversion of OBO to VLCC

Korean Register (KR) – an IACS member class society – has facilitated the successful conversion of the Madison Orca, a 320,000 dwt Ore-Bulk-Oil (OBO) carrier to a VLCC in a reduced ...

Optimised In-Tank Ballast Water Treatment wins UK MCA Type Approval

Coldharbour Marine has designed and developed a Ballast Water Management System (BWMS) optimised for Tankers and Very Large Crude Carriers, it has just been formally approved by the UK’s ...

General Maritime and Navig8 Crude Tankers to create Gener8 Maritime

General Maritime Corporation and Navig8 Crude Tankers Inc. announced that they have entered into a definitive agreement to create Gener8 Maritime Inc., a world-class provider of international seaborne oil transportation ...

Bahri takes over sixth VLCC from Vela

Subsequent to The National Shipping Company of Saudi Arabia (Bahri) announcement on 21 July 2014 relating to merging the Vela fleet and operations with Bahri, Bahri announces that (Pisces Star ...

Euronav acquires four VLCC vessels

EURONAV has entered into an agreement for the purchase of 4 modern Japanese built VLCC vessels for an aggregate purchase price of USD 342 million. The vessels are on average ...

Navios Maritime Acquisition Corporation announces acquisition of VLCC

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced the acquisition of a 2003-built VLCC of 298,287 dwt. The VLCC was purchased for $43.5 million ...

KOTC celebrated naming the 2 tankers "Dasma" and "Boubyan"

Naming the 2 new tankers comes within Phase III for fleet revamping that includes building 4 medium-range oil product tankers, 1 long-term petroleum product tanker "AFRAMAX LR-2 being built by ...

Navig8 bags VL sextet

Navig8 Crude Tankers has raided the Norwegian OTC market for $245m in fresh equity to back expansion of its VLCC fleet, the owner confirms today.

The equity is going to ...

NYK shipping more crude for Thailand

NYK has started transporting oil for an affiliate of the Thai Oil Public Co. Ltd. (Thai Oil) using a third very large crude-oil carrier (VLCC), Taizan (built: 2002; DWT: about ...

Debt financing of the Maersk VLCC fleet acquisition completed

With reference to the press releases of 5 and 6 January 2014 in which Euronav announced the acquisition of fifteen (15) Very Large Crude Carriers (VLCC) from Maersk Tankers Singapore ...

Euronav sells VLCC Luxembourg

The capital gain on that sale of about USD 6 million will be recorded at delivery. The net cash proceeds available to Euronav after the mandatory repayment of its debt ...

Euronav announces acquisition of Maersk VLCC fleet

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 ...

COSCO signed a shipbuilding contract with CSIC for four VLCCs

On December 25, 2013, COSCO Group held a ceremony in Ocean Plaza for the signing of a shipbuilding contract with China Shipbuilding Industry Corporation (CSIC) for four VLCCs.

The ceremony ...

Scorpio Tankers announces newbuilding agreements for seven VLCCs

Scorpio Tankers Inc. announced that it has entered into agreements for the construction of seven Very Large Crude Carriers ('VLCCs') and entered into an agreement with an unaffiliated third party ...

Russia's largest tanker is named Svet

On 7 November 2013 a naming ceremony took place for Svet, the first VLCC (Very Large Crude Carrier) in the Russian merchant fleet. The 320,000 tonnes deadweight tanker was ...

Euronav sales VLCC Ardenne Venture

Euronav NV announced that the company sold the double - hulled VLCC Ardenne Venture (2004 – 318 , 658 dwt), for USD 41.7 million. The vessel is owned by a 50/50 ...

Ship Finance sales two VLCCs

Ship Finance International Limited announced that it has agreed to sell the 1998 and 1999 built VLCCs Front Champion and Golden Victory to unrelated third parties. The Company has simultaneously ...

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