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Tanker News

FSL Trust Finalizes Sale of Aframax TankerFSL Trust Finalizes Sale of Aframax TankerFSL Trust Management, a trustee manager of Singapore-based business trust First Ship Lease Trust, has completed the sale of FSL Shanghai, an Aframax crude oil tanker.02 April 2020 Thursday 13:30
Vitol Acquires Singapore’s Bunkering Company SinanjuVitol Acquires Singapore’s Bunkering Company SinanjuVitol Marine Fuels, a subsidiary of Switzerland-based commodity trader Vitol Group, has acquired 100 percent of Singapore-based bunkering specialist Sinanju Tankers Holdings.02 April 2020 Thursday 10:40
Tanker broke in two, sank or sinking, MediterraneanTanker broke in two, sank or sinking, MediterraneanProduct tanker LADY SANDRA was caught in rough seas and issued distress signal at around 2030 UTC Mar 25, reporting severe structural damages and hull about to break in two, E of Valetta Malta.27 March 2020 Friday 02:04
Gasum to Supply LNG-LBG Fuel Blend to Preem’s TankersGasum to Supply LNG-LBG Fuel Blend to Preem’s TankersFinnish gas company Gasum has entered into an agreement with Sweden’s largest fuel company Preem to supply the latter’s tankers with a new fuel blend consisting of liquefied natural gas (LNG) and 10 percent of renewable liquefied biogas (LBG).25 March 2020 Wednesday 15:10
Saudi Arabia Tanker Power Play Could Backfire as Oil Demand ShrinksSaudi Arabia Tanker Power Play Could Backfire as Oil Demand ShrinksTop exporter Saudi Arabia has chartered an armada of ships to flood the market with additional oil, but in the process has driven freight costs so high refiners are reluctant to take the shipments.24 March 2020 Tuesday 09:45
Vessel attacked in Gulf of GuineaVessel attacked in Gulf of GuineaVessel attacked in Gulf of Guinea, confirmed it’s tanker22 March 2020 Sunday 11:00
BIMCO: Tanker Shipping to Face Two Different RealitiesBIMCO: Tanker Shipping to Face Two Different RealitiesThe tanker shipping industry will likely face two contrasting realities, shipping association BIMCO said in its revised 2020 forecast.20 March 2020 Friday 12:05
Hunter Tankers Secures USD 80K Daily Charters for VLCC TrioHunter Tankers Secures USD 80K Daily Charters for VLCC TrioHunter Tankers AS, a wholly-owned subsidiary of Norwegian Hunter Group ASA, has entered into a six-month time charter agreement for three ships obtaining an average daily rate of approximately USD 80,000 per day.18 March 2020 Wednesday 13:55
Chembulk Tankers’ Entire Fleet to Join Womar PoolsChembulk Tankers’ Entire Fleet to Join Womar PoolsConnecticut-based shipping company Chembulk Tankers has signed commercial management agreements for its entire fleet of owned and chartered stainless-steel chemical tankers to enter commercial pools managed by Singapore’s Womar Logistics.18 March 2020 Wednesday 10:00
Saudis take 14 VLCCs, rocking day ratesSaudis take 14 VLCCs, rocking day ratesVLCC earnings closed the week ending 6 March 2020 on US$34,000/day, but over the weekend OPEC+ collapsed and Saudi Arabia reduced crude oil prices and announced an increase in output. Bahri has booked 14 VLCCs sending rates soaring14 March 2020 Saturday 14:30
ICS issues guidance document on combating coronavirusICS issues guidance document on combating coronavirusThe International Chamber of Shipping (ICS) has issued new guidance for the global shipping industry to help combat the spread of the coronavirus09 March 2020 Monday 14:07
TEN Unveils USD 104 Mn Tanker Quintet SaleTEN Unveils USD 104 Mn Tanker Quintet SaleGreek tanker operator Tsakos Energy Navigation Limited (TEN) has decided to sell five of its vessels as part of the company’s fleet modernization plan.09 March 2020 Monday 11:24
Frontline Raises Cash to Finance Ten Trafigura SuezmaxesFrontline Raises Cash to Finance Ten Trafigura SuezmaxesBermuda-based shipping company Frontline has signed a sale-and-leaseback agreement in an amount up to USD 544 million with China’s ICBC Financial Leasing Co., Ltd. (ICBCL).07 March 2020 Saturday 10:19
Saudi Coalition Thwarts Attack on Tanker off YemenSaudi Coalition Thwarts Attack on Tanker off YemenThe Saudi-led coalition fighting Houthi rebels in Yemen said it had foiled an attack on an oil tanker off the coast of Yemen.05 March 2020 Thursday 14:16
Hyundai Mipo Inks Deal to Build Chemical TankerHyundai Mipo Inks Deal to Build Chemical TankerHyundai Mipo Dockyard (HMD), part of South Korean shipbuilding group Hyundai Heavy Industries’ (HHI), has received an order for the construction of a chemical carrier.04 March 2020 Wednesday 11:05
Teekay Returns to BlackTeekay Returns to BlackThe fourth quarter of 2019 marked a return to profitability for Teekay Corporation, as the company booked a consolidated adjusted net income of USD 31 million compared to an adjusted net loss of USD 2 million in the same period of the prior year.28 February 2020 Friday 14:32
Ocean Yield Wins Arbitration Case against OkeanisOcean Yield Wins Arbitration Case against OkeanisOslo-listed Ocean Yield has won an arbitration case related to the purchase options of four very large crude carriers (VLCCs) exercised by Greek shipping company Okeanis ECO Tankers.27 February 2020 Thursday 11:08
Russian-state oil trader added to US OFAC listRussian-state oil trader added to US OFAC listThe Swiss-based crude oil trading arm of Russia-backed Rosneft has been added to the US OFAC sanction list. US companies and citizens have until 20 May 2020 to unwind contracts26 February 2020 Wednesday 15:05
Euronav Sells One of Its Oldest SuezmaxesEuronav Sells One of Its Oldest SuezmaxesAntwerp-based tanker shipping company Euronav NV has decided to dispose of one of its oldest Suezmax vessels, the 2003-built Finesse.25 February 2020 Tuesday 12:01
Hunter Nets USD 220 Mln Loan to Finance VLCC NewbuildsHunter Nets USD 220 Mln Loan to Finance VLCC NewbuildsHunter Tankers AS, a wholly-owned subsidiary of Hunter Group ASA, has signed a binding agreement for a USD 220 million loan facility.21 February 2020 Friday 12:22
Clarkson Acquires Spanish Shiproker MartankersClarkson Acquires Spanish Shiproker MartankersClarkson Overseas Shipbroking, part of UK shipping services provider Clarksons, has acquired 100% of the issued share capital of Spanish shipbroker Martankers.21 February 2020 Friday 12:03
Ten Seafarers Kidnapped from Tanker off CotonouTen Seafarers Kidnapped from Tanker off CotonouTen crew members have been kidnapped from a crude oil tanker off Cotonou, Benin, Dryad Global said.21 February 2020 Friday 10:42
Vessel attacked in Gulf of Guinea, confirmed tanker hijacked, communications lostVessel attacked in Gulf of Guinea, confirmed tanker hijacked, communications lostAccording to Dryad Global report, officer on watch identified two armed men on board, and no further details regarding the nature of weapons or actions have since been received.20 February 2020 Thursday 16:25
Performance Shipping Step Closer to Pure Play Aframax CompanyPerformance Shipping Step Closer to Pure Play Aframax CompanyGreek shipowner Performance Shipping has signed a memorandum of agreement (MoA) to purchase a 2007-built Aframax tanker.19 February 2020 Wednesday 13:14
Russian navy tanker vessel Akademik Pashin project 23130 became part of Northern FleetRussian navy tanker vessel Akademik Pashin project 23130 became part of Northern FleetAccording to pictures released to the official website of the Russian MoD (Ministry of Defense), the newest tanker vessel "Akademik Pashin" project 23130 of the Russian Navy became a part of the Northern Fleet.14 February 2020 Friday 14:25
Two mind-bending incidents in Spain portsTwo mind-bending incidents in Spain portsTwo similar incidents with stowaways occurred on board of merchant ships docked at Spanish ports, on Feb 11-12. In both cases stowaways tried to escape the ship, breaking the cabins they’ve been locked in.14 February 2020 Friday 12:16
Stranded Tankers and Full Storage Tanks: Coronavirus Leads to Crude Glut in ChinaStranded Tankers and Full Storage Tanks: Coronavirus Leads to Crude Glut in ChinaThe coronavirus’s effect on energy markets is worsening, as the sharp fall in demand in China, the world’s largest importer of crude, is stranding oil cargoes off the country’s coast and prompting shippers to seek out other Asian destinations.14 February 2020 Friday 09:39
Grindrod Shipping Ups Stake in IVS Bulk JV, Sells TankerGrindrod Shipping Ups Stake in IVS Bulk JV, Sells TankerSingapore-based ship owner and operator Grindrod Shipping Holdings (GSH) has agreed to acquire an additional stake in IVS Bulk joint venture and sell a 2010-built product tanker.12 February 2020 Wednesday 17:39
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