Tanker News

 

2021 in Review: The Dry Bulk and Tanker Markets

Dec 30, 2021

The Signal Group offers an exhaustive overview of the trends in the dry bulk and tanker markets that both defined 2021, and offer a glimpse as to what might be in store for 2022 and beyond. The report is excerpted in short below; to see the full report CLICK HERE.Using Signal Ocean data, give the insight to analyze the trends and changes across the major vessel sizes in the dry and tanker freight market for 2021…

Performance Shipping Buys Aframax Tanker

Feb 18, 2020

Performance Shipping announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase a 2007 built Aframax tanker vessel, the M/T FSL Shanghai, from an unaffiliated third party seller for a total purchase price of US$26…

Grindrod Shipping Acquires IVS Bulk Stake

Feb 10, 2020

The global provider of maritime transportation services in the drybulk and product tanker sectors Grindrod Shipping Holdings announced acquisition of an additional 33.25% stake in its IVS Bulk joint venture and the sale of the 2010-built small product tanker Kowie…

Sovcomflot Names LNGC SCF La Perouse

Feb 10, 2020

Russian state-controlled shipowner Sovcomflot (SCF) has named the 174,000m³ SCF La Perouse - the first of three LNG tankers on order with South Korean shipbuilder Hyundai Heavy Industries (HHI).The LNG carrier named after Jean-François de la Pérouse…

VesselsValue Warning on Tanker Market

Feb 04, 2020

According to VesselsValue, the recent events have resulted in an increasingly pessimistic short term outlook for the Tanker market, after a positive autumn and winter.'In short, factors contributing to supply growth and demand constriction have combined to bring down Tanker rates…

International Seaways Signs Refi Deal

Feb 02, 2020

New York-headquartered product tanker company International Seaways has closed on senior secured credit facilities worth a total of USD 390 million.The crude oil and petroleum product tanker company said that the facilities consists of a 5-year USD 300 million senior secured term loan facility…

Phoenix Tankers Adds New LPG Carrier

Jan 16, 2020

Japan's Kawasaki Heavy Industries (KHI) has delivered the Phoenix Gaia, an 82,200 m3 capacity liquefied petroleum gas (LPG) carrier, for Phoenix Tankers Pte. Ltd.According to a press note from the shipbuilder, Phoenix Gaia is the 60th LPG carrier…

Flex LNG Tanker Wins Endesa Charter

Dec 19, 2019

Norway-based shipowner Flex LNG announced that it has entered into a new time charter with the Spanish utility Endesa for the vessel Flex Ranger.Endesa is a leading company in the Spanish electricity sector and the second largest operator in…

TOP Ships Acquires 2 Scrubber Fitted Tankers

Dec 19, 2019

Greece-based international ship-owning company TOP Ships has acquired two ultra-high specification scrubber-fitted 50,000 dwt Medium Range (MR) product/chemical tankers under construction at Hyundai Mipo Dockyard Co., Ltd. in South Korea.The…

BIMCO: Supply & Demand Trending Off-Balance

Dec 18, 2019

One of the most worrying trends that has developed recently - which will affect shipping demand in the years to come - is the falling trade-to-GDP ratio. The falling ratio can be explained by slowing globaliztation as well as increasing protectionist measures being implemented around the world…

Pyxis Sells a Product Tanker

Dec 17, 2019

The Greek marine transportation provider Pyxis Tankers Inc announced that it had agreed to sell the Pyxis Delta, a 2006 built 46,616 dwt product tanker.The emerging growth pure play product tanker company said that the closing of the sale should occur in January…

AET Wins $245Mln Charter Deal with Shell

Dec 08, 2019

Petroleum and chemical tanker owner AET Tanker Holdings has been awarded three long-term time charter contracts by Brazil Shipping I Limited, a Shell group entity.The subsidiary of Malaysia’s maritime solutions and services provider MISC Berhad…

Ocean Yield Adds LR2 Tanker Trio

Dec 05, 2019

Norwegian ship owner and operator Ocean Yield ASA has taken delivery of three long range 2 (LR2) product tankers built in China.The three LR2 product tankers are Navig8 Pride (2018-built), Navig8 Providence (2018-built) and Navig8 Prestige (2019-built)…

Odfjell Adds Navig8 Chemical Tankers

Dec 03, 2019

Navig8 Chemical Tankers, an international shipping company focused on the transportation of chemicals,  has agreed to enter four of its 25,000-dwt chemical tankers into a pool operated by the Norwegian tanker owner and operator Odfjell.Following the delivery of the vessels…

KCC Names MV Barracuda

Dec 02, 2019

Norway-based shipowner Klaveness Combination Carriers (KCC) has named its second CLEANBU vessel, MV Barracuda, after it completed a first switch between dry cargo and a cargo of clean petroleum products (CPP).MV Barracuda was named at anchorage outside Singapore by Ms…

Logistics News

Compromise Agreements Yield over $2.3 Million in Penalties

Compromise Agreements Yield over $2.3 Million in Penalties

Antwerp Euroterminal Readies Shore Power Facility

Antwerp Euroterminal Readies Shore Power Facility

New Straddle Carriers Tested at Copenhagen Malmö Port

New Straddle Carriers Tested at Copenhagen Malmö Port

US Regulator Seeks New Emissions Data from Venture Global LNG

US Regulator Seeks New Emissions Data from Venture Global LNG

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