Drewry’s latest Tanker Insight reports that freight rates in most vessel categories remained on the softer side during the month due to weakness in chartering activity in the major loading regions barring Arabian Gulf. The same was reflected…
Further ordering activity seen in the tanker market in the period up to 10, June 2013, according to Clarkson Hellas Weekly S+P report.Clients of Consolidated Marine Management have contracted three firm 115,000 DWT LR2s at Hyundai Samho. Understood to have been signed earlier this year…
Almi Tankers S.A. has received M/T Almi Navigator following the vessel's delivery at DSME's Okpo Shipyard., South Korea.This 157,787 dwt tanker is the eighth Suezmax of Almi's newbuilding programme and was built by Daewoo Shipbuilding & Marine Engineering Co…
Teekay LNG Partners signs two, 5-year time-charter contracts with Cheniere Marketing to provide Liquefied Natural Gas (LNG) transportation services.The fixed-rate time-charter contracts will be serviced by the two 173,400 cubic meter LNG…
Product and chemical tanker specialist Ardmore Shipping has taken delivery of the Ardmore Seaventure from SPP Shipbuilding in Korea and immediately delivered the tanker to Cargill on a 12 month time charter arrangement.The Ardmore Seaventure is a 49…
With seasonally weak demand in the second quarter, the short-term view for freight rates does not look positive finds Drewry.Global oil demand declined by 1.0% in the first quarter of the year to 89.9 million bpd, although some recovery…
Rolls-Royce has won a contract to convert the tankship 'Bergen Viking' to run on engines powered by natural gas, replacing the current diesel engines. Rolls-Royce Plc has won a contract to convert the merchant ship Bergen Viking to run on engines powered by natural gas…
Wilhelmsen Technical Solutions has launched an upgraded Unitor-Generon inert gas system to meet demand for a high-efficiency, low energy purging and padding system for liquid cargo safety.The updated Unitor-Generon system features modern membrane…
Latvian Shipping Company (LSC) owners of 19 medium-size tankships reports a profit in Q1 2013.LSC and its affiliates made a profit of US$ 77,000 despite an impairment charge of US$ 1.7-million against the decrease of the fleet value. Though in absolute terms the profit is merely symbolic…
American Shipbuilder General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, announced that it has entered into a contract with an affiliate of American Petroleum Tankers (APT), a company majority owned by funds managed by Blackstone on behalf of its investors…
Scorpio Tankers Inc. announces 16 newbuilding agreements and US$ 525-million in commitments to its 2013 Credit Facility.The company has reached agreements with five shipyards in Korea to construct 16 newbuilding vessels consisting of eight LR2…
Maersk Tankers exits Very Large Gas Carrier (VLGC) segment by selling its fleet to the BW Group.The BW Group buys Maersk Tankers five owned vessels and takes over the five existing time charter commitments, which Maersk Tankers explains is…
MAN Diesel & Turbo diesel engines power the tanker, the second PROMEF ship built by Estaleiro Atlantico Sul (EAS).Powered by an MAN B&W 6S70ME-C type prime mover and 3 × MAN 7L23/30H auxiliary engines, the delivery ceremony of the ‘Zumbi dos…
Maersk Tankers plan to spend up to $35m as it pushes ahead with a fuel saving retrofit programme.One of the company's 'I-class' VLCCs is being fitted with fuel saving devices, iincluding Becker Mewis propeller ducts and propeller boss cap fins on a range of owned tankers…
Clean tanker rates for refined petroleum products on top export routes soften with build up of ships pressurizing the transatlantic market.Rates for medium-range (MR) tankers for 37,000-tonne cargoes on the TC2 route from Rotterdam to New York were at W140…
