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…
PortVision’s Jason Tieman will speak to the International Liquid Terminals Association (ILTA) Conference on 'New Ways toMaximize Uptime & Utilization with Limited Resources'.PortVision®, a leading provider of business intelligence solutions for the maritime industry…
The first Iran-built Aframax oil tanker ship is complete and the vessel will be ready soon for delivery to Venezuela.The 113,000 dwt vessel has been built by Iran Marine Industrial Company, an affiliate of Sadra group of companies, and is 250 meters long…
Duplex stainless steel, NSSC®2120 by Nippon Steel & Sumikin Stainless Steel Corporation was recentlly chosen for the construction of two domestic tankers.Sasaki Shipbuilding Co., Ltd. & Hakata Shipbuilding Co., Ltd. became the first shipbuilders…
China Shipping Development and Sinopec Kantons are to spend HK$11.71 billion to buy six LNG carriers, which will be chartered to Sinopec.The two companies have set up a joint venture China Energy Shipping Investment (CESI) which is 51 percent…
StealthGas Inc., has increased the size of its stock offering, & will sell 10-million shares at $10 each using the proceeds towards purchase of 5 ships.The gross proceeds from the offering before the underwriting discount and other offering expenses are $100…
Odfjell buys long-term chartered vessel 'MT Bow Engineer', a 30,086 dwt chemical tanker.Odfjell, a leading company in the global market for transportation and storage of bulk liquid chemicals, acids, edible oils and other special products…
Denmark's TORM agreed to sell five MR product tankers to a company controlled by Oaktree Capital Management as part of an earlier restructuring agreement.The sale is a consequence of the specific option rights, which one bank group exercised in connection with the Restructuring Agreement…
Euronav reports its net loss slipped to US$ 10.7 million in the first three months of 2013, compared with US$ 9.0 million a year earlier.In its Q1 2013 financial report Euronav makes broad observations on the global tanker market as follows…
Wärtsilä to supply cargo handling package, dual-fuel engines & propulsion for Denmark's Evergas to be built at Sinopacific Offshore & Engineering in China.In addition to LNG, the ships will be able to carry and reliquefy Ethane and LPGs with the cargo handling package supplied by Wärtsilä…
Ridgebury Tankers LLC announce a $200 million commitment from Riverstone Holdings LLC, alongside a $5.7 million commitment from Ridgebury management. The Connecticut-based Company will use the capital to acquire clean product carriers of…
Increasingly lower oil demand in the U.S. prompts tankship operators to look towards the China market.According to a BIMCO review, the tanker market is doing full steam ahead – not in relation to demand, earnings or actual operating speed…
Teekay Tankers orders 4 LR2 product tankships from STX Offshore & Shipbuilding with options for 12 more.The agreement is for STX of South Korea to construct four fuel-efficient 113,000 dwt Long Range 2 (LR2) product tanker newbuildings for a fully built-up cost of approximately $47-million each…
