Publication: Tanker Operator

First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

ClassNK addresses EEDI

PrimeShip GREEN/MinPower was developed to help shipyards comply with the EEDI requirements of the amendment to MARPOL Annex VI by calculating minimum propulsion power requirements.This is in compliance with the IMO 2013 ‘Interim Guidelines for Determining ... [Published Tanker Operator - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

KEXIM backs Scorpio

This sum includes $175 mill in direct finance and $125 mill in vessel-backed bonds.Lee Duk-hoon, Kexim Bank’s president, signed the deal with Cameron Mackey, chief operating officer of Scorpio Tankers, at the latter’s headquarters in New York at the beginning ... [Published Tanker Operator - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

More FPSO conversions on the cards

With a production capacity of 230,000 barrels per day, Kaombo will develop estimated reserves of 650 mill barrels. Following an intensive optimisation exercise, the project’s capital expenditure to reach full capacity was reduced by $4 bill to $16 bill. ... [Published Tanker Operator - Apr 17 2014]
Entities: Angola, Saipem SpA, Zoning
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

Stalwart pulls IPO

According to newswire reports, the Athens-based company, which booked $26 mill in sales during 2013, had been seeking to raise $150 mill by offering 12.5 mill shares (all primary) at a price range of $11-$13.Stalwart's postponement comes a month after ... [Published Tanker Operator - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

Taiwan tanker company contracts BASS

The patented BASSnet Maintenance module will be implemented within Simosa Shipping. BASS said that it had won the contract following a tender exercise.“The advantages of BASS shipping software in optimising shipmanagement through automation are truly ... [Published Tanker Operator - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

De-listing Nanjing Tanker narrows losses

It was also said that the state-owned Sinotrans & CSC Group subsidiary will de-list from the Shanghai stock exchange this week following four consecutive years of net losses, including around $952 mill for last year.NJTC reportedly said that it will continue ... [Published Tanker Operator - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

MPC buys Ahrenkiel

Ahrenkiel's activities in both Hamburg and Cyprus, will be pooled with MPC Münchmeyer Petersen Steamship and Thien & Heyenga taking the name Ahrenkiel Steamship.The acquisition of the Ahrenkiel Group took place against the backdrop of a consistently weak ... [Published Tanker Operator - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

Products to outgrow crude this year

Crude oil trade will marginally firm, while products trades will see an increase of about 3.4%, the class society said.Last year, the tanker trades grew by 1.7% with crude oil showing an annual growth of 1%.We have witnessed an increase in VLCC ordering, ... [Published Tanker Operator - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

Still more tanker orders

The vessels will be delivered in the second half of 2016 and will be charted to Laurin Maritime for seven years.Laurin Maritime ordered four similar tankers at Samjin in October last year, however, the orders were cancelled earlier this year, as the newbuildings ... [Published Tanker Operator - Apr 17 2014]
First reported Apr 11 2014 - Updated Apr 12 2014 - 1 reports

Yara buys into scrubber technology

” We are excited to get the GTM team on board. New IMO regulations are being implemented, and combining GTM with our existing NO X portfolio will help the maritime industry cleanse their emissions and be compliant," said Yves Bonte, senior vice president ... [Published Tanker Operator - Apr 11 2014]
First reported Apr 11 2014 - Updated Apr 11 2014 - 1 reports

Finance raised for LR1 purchases

This facility will be used to purchase four modern LR1s.Financing from CIT was provided by CIT Bank, the US commercial bank subsidiary of CIT. Terms of the transaction were not disclosed.“We’re pleased to extend our lending relationship with Tanker Solutions, ... [Published Tanker Operator - Apr 11 2014]
First reported Apr 11 2014 - Updated Apr 11 2014 - 1 reports

MEPC attacked for lack of action

At last week's IMO Marine Environment Protection Committee (MEPC), governments decided neither to discuss in full nor to resolve these pivotal issues on which industry had made a detailed written submission, they said.The industry submission addressed ... [Published Tanker Operator - Apr 11 2014]

Quotes

Dr Axel Schroeder, managing partner of the MPC Group, said: "Shipping is one of the core segments of the MPC Group. The acquisition of the Ahrenkiel Group means the creation of a broadly positioned shipping company that offers services along the entire value chain with technical management, chartering, restructuring and financing."
"In combining our existing portfolio of NO X technologies with SO X technologies, as well as with related supply of nitrogen based chemicals and services, we bring a unique total solution to the marine segment. This improves our delivery of a profitable business solution to harmful emissions to air" said Bonte
Luis Benito, LR’s global marketing manager said the LR survey showed ports were getting ready for gas. "Ports want to be gas capable – and they are planning for a gas fuelled future. It seems the obvious challenge is availability at a competitive price. Will gas markets provide fuel that shipowners will buy? We believe that ports can make LNG available safely – but at what price? That’s what everybody wants to know."
Accord's managing director, Sanjay Shesh, said, "Crowley for us is a strategic alliance wherein we provide them with a much required platform for their initial steps into this part of the world and they provide us the necessary brand image to grow in the Western Hemisphere" , said Capt Pappu Sastry, managing director of Nepa Projects, Hong Kong

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All (74) | News (74) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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Still more tanker orders [Published Tanker Operator - Apr 17 2014]
Products to outgrow crude this year [Published Tanker Operator - Apr 17 2014]
ClassNK addresses EEDI [Published Tanker Operator - Apr 17 2014]
MPC buys Ahrenkiel [Published Tanker Operator - Apr 17 2014]
De-listing Nanjing Tanker narrows losses [Published Tanker Operator - Apr 17 2014]
Taiwan tanker company contracts BASS [Published Tanker Operator - Apr 17 2014]
Stalwart pulls IPO [Published Tanker Operator - Apr 17 2014]
More FPSO conversions on the cards [Published Tanker Operator - Apr 17 2014]
KEXIM backs Scorpio [Published Tanker Operator - Apr 17 2014]
Yara buys into scrubber technology [Published Tanker Operator - Apr 11 2014]
Rapid take up of LNG bunkering forecast [Published Tanker Operator - Apr 11 2014]
Desk top trainers for Oman [Published Tanker Operator - Apr 11 2014]
Crowley buys Hong Kong shipmanager [Published Tanker Operator - Apr 11 2014]
Rudder cavitation protection [Published Tanker Operator - Apr 11 2014]
Catering staff need training [Published Tanker Operator - Apr 11 2014]
Veson addresses port agents [Published Tanker Operator - Apr 11 2014]
Alfa Laval purchases Frank Mohn [Published Tanker Operator - Apr 11 2014]
Quiet period on the markets [Published Tanker Operator - Apr 11 2014]
OSG to raise $300 mill [Published Tanker Operator - Apr 11 2014]
IMO MEPC 66 results [Published Tanker Operator - Apr 11 2014]
Iran needs to sell oil [Published Tanker Operator - Apr 11 2014]
MEPC attacked for lack of action [Published Tanker Operator - Apr 11 2014]
Finance raised for LR1 purchases [Published Tanker Operator - Apr 11 2014]
Aker to sell MR profit sharing deal [Published Tanker Operator - Apr 05 2014]
VLCC newbuildings edge up towards $100 mill [Published Tanker Operator - Apr 05 2014]
ITOPF appoints Rodgers to the chair [Published Tanker Operator - Apr 05 2014]
StealthGas takes delivery of eco LPG pair [Published Tanker Operator - Apr 05 2014]
KNOT to expand shuttle tankers [Published Tanker Operator - Apr 05 2014]
Pirates attack tanker off Hormuz [Published Tanker Operator - Apr 05 2014]
Confidence higher going forward [Published Tanker Operator - Apr 05 2014]
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