German shipping asset manager MPC Capital has acquired a strategic stake of 50 percent in compatriot tanker chartering company Albis Shipping & Transport.The Hamburg-based asset and investment manager informed that, Albis, led by Kim Moeller…
Tanker owners’ group International Tanker Owners Pollution Federation (ITOPF) selected Erik Hanell President & CEO of Stena Bulk, as its new Chairman.After eight years, former Euronav chief executive Paddy Rodgers has stepped down as ITOPF chairman…
A naming ceremony was held in Kumamoto Prefecture at the Ariake Shipyard of Japan Marine United Corporation for a new VLGC (very large gas carrier) that NYK will charter under a long-term contract to Astomos Energy Corporation, pre-eminent liquefied petroleum gas (LPG) company…
Delivered tonnage of crude oil tankers have grown by +37%, whereas total fleet demolitions for 2019 have slumped to the lowest in a decade with a reduction of 52% from the year before, says BIMCO, the largest of the international shipping associations representing shipowners…
Norwegian energy company Equinor reached a milestone at its Hammerfest LNG facility on Melkøya Island, “the Snøhvit plant”, by loading the 1000th cargo of the chilled fuel.The cargo consists of 140 500 cubic metres of liquefied natural gas (LNG)…
Bermuda-headquartered Nordic American Tankers (NAT) said that its tanker segment is on upswing mode following he strong market improvement for its Suezmax tankers.'However, seeing is believing and if anyone had doubts, last week, the international…
Monaco-based petroleum products shipping firm Scorpio Tankers has signed a deal to acquire 19 product tankers from Trafigura Maritime Logistics for around $803 million.The acquisition of the leasehold interest in the vessels includes a finance…
Qatargas made its first liquefied natural gas (LNG) cargo delivery (LNG) on a Q-Flex vessel to the Floating Storage and Regasification Unit (FSRU) named ‘Excellence’ and known as Moheshkali LNG Terminal (MLNG), located offshore Bangladesh.According…
The LNG tanker Ramelia has been delivered to the chemical tankers in Northern Europe Rederi AB Älvtank, becoming the sixth of eight vessels ordered in the Gothia Tanker Alliance series.The vessels are built on a design where FKAB Marine design…
Dutch energy and commodities group Vitol and South Korea's H-Line Shipping have executed a 10-year time-charter agreement for a newbuild, latest generation LNG carrier.The commodity trader said that the 174,000m3 vessel with XDF propulsion is…
The world's largest oil tanker shipping company Frontline Ltd has declined options to buy four more tankers from Trafigura Marine Logistics (TML) and said that it will keep to buying only 10 tankers.Last month, the Bermuda based company announced…
Commodities trader Cargill and shipowner Maersk Tankers aim to build a joint Medium Range (MR) tanker pool with more vessels as they seek to cut emissions.'The strategic partnership will improve flexibility for customers and reduce fuel consumption and emissions…
The fire in the engine room of the crude oil tanker Dubai Harmony moored at Equinor’s Sture terminal in Øygarden municipality on the west coast of Norway near Bergen has now been extinguished.At 1102 this morning, Equinor's alarm center received…
A fire onboard an oil tanker at Norway's Sture crude export terminal has been put out, the fire service told Reuters on Friday.The fire broke out in the engine room of the Dubai Harmony tanker during loading at the Equinor oil terminal on Norway's west coast…
Hunter Tankers, a subsidiary of Norwegian investment company Hunter Group, has selected Tankers International Ltd as commercial manager for its fleet of very large crude carriers (VLCCs).According to Oslo-based company, Tankers International…