Publication: Tanker Operator

First reported Jul 26 2014 - Updated Jul 26 2014 - 1 reports

Secondhand vessel and charter rates firming

She has been chartered out for minimum of one year at a rate, which is based on charterer's VLCC pool earnings, Navios said.In the S&P market, Tanker Pacific affiliate Eastern Pacific was believed to have bought the entire fleet of Blenheim Shipping’s ... [Published Tanker Operator - Jul 26 2014]
First reported Jul 26 2014 - Updated Jul 26 2014 - 1 reports

ClassNK holds LNG-fuelled vessel seminars

ClassNK organised these seminars to provide the industry with the latest technical information on the use of LNG as a fuel and related technology, it said.In addition to the class society’s LNG experts, specialists from the various sectors of the Japanese ... [Published Tanker Operator - Jul 26 2014]
First reported Jul 26 2014 - Updated Jul 26 2014 - 1 reports

Ardmore increases financial exposure

The proceeds from the expanded facility will be used to finance up to 65% of the purchase price of three recently acquired vessels.Anthony Gurnee, Ardmore’s CEO, said: "We are delighted to further expand our relationship with ABN AMRO, Nordea and SEB ... [Published Tanker Operator - Jul 26 2014]
First reported Jul 26 2014 - Updated Jul 26 2014 - 1 reports

Two VLCCs to be converted to FPSOs

The first VLCC, ‘Olympia’, is expected to enter Sembawang Shipyard in the third quarter of this year, while the second VLCC, ‘Antartica’, will be in the shipyard during first quarter 2015.The total conversion will take 32 months. Both vessels were formerly ... [Published Tanker Operator - Jul 26 2014]
First reported Jul 26 2014 - Updated Jul 26 2014 - 1 reports

OSG to exit Chapter 11

Under the terms of the plan, all existing agreements between American Shipping Company (AMSC) and OSG will be assumed and accepted by OSG on the effective date of the plan, AMSC said."We are pleased to see OSG coming out of Chapter 11 and look forward ... [Published Tanker Operator - Jul 26 2014]
First reported Jul 26 2014 - Updated Jul 26 2014 - 1 reports

Orders at a premium

They will be powered by a single MAN B&W ME-GI low-speed, dual-fuel engine. The engines will run on ethane, which ethylene carriers are also equipped to transport and is the first time ethane has been used as fuel for a deepsea vessel.Hartmann Schiffahrt, ... [Published Tanker Operator - Jul 26 2014]
First reported Jul 26 2014 - Updated Jul 26 2014 - 1 reports

Libyan situation update

The situation with regards to the following ports appears to be that:·         All oil terminals/ports are still in operation, except Brega oil terminal, which is currently on strike, which will continue for the time being.·         Benghazi and Tobruk ... [Published Tanker Operator - Jul 26 2014]
First reported Jul 26 2014 - Updated Jul 26 2014 - 1 reports

Financial expenses hit Euronav

The company said that the financial result was affected by $9.3 mill of amortisation of the financial expenses incurred, which was primarily caused by the purchase of the Maersk VLCCs.In April of this year, a purchase option on the VLCCs ‘Olympia’ and ... [Published Tanker Operator - Jul 26 2014]
First reported Jul 26 2014 - Updated Jul 26 2014 - 1 reports

STI shores up finance

The interest rate for the notes is the six month LIBOR plus 1% and the first interest payment will be paid on, or about, 11 th March, 2015 at an annualised rate of 1.39471%Payment of 100% of all regularly scheduled instalments of the principal and the ... [Published Tanker Operator - Jul 26 2014]
First reported Jul 26 2014 - Updated Jul 26 2014 - 1 reports

Nanjing Tanker enters restructuring process

Jul 25 2014Nanjing Tanker, the de-listed oil shipping arm of Sinotrans & CSC, said that Nanjing Intemediate People’s Court has approved a request by its creditor, Tianjin Huifeng Energy, to restructure the company.Tianjin Huifeng Energy had applied with ... [Published Tanker Operator - Jul 26 2014]
First reported Jul 26 2014 - Updated Jul 26 2014 - 1 reports

ChartWorld and OceanWise team up

The data is more beneficial and overcomes the irregular coverage and multi scale levels of traditional charting products, the company claimed.In particular, those users who intend to add third party datasets, or other outputs, such as web services will ... [Published Tanker Operator - Jul 26 2014]
Entities: web services, Raster, Vector
First reported Jul 26 2014 - Updated Jul 26 2014 - 1 reports

Online energy monitoring system

Ship operators are provided with the tools to benchmark their vessels with other equivalent ships, which are also enrolled in the system.After a substantial period of monitoring a fleet of around 160 ships, DYNAMARINe said that it had extracted interesting ... [Published Tanker Operator - Jul 26 2014]
Entities: Benchmarking, Index

Quotes

"Furthermore, we are in late-stage discussions with a leading shipping bank on a credit facility for the ‘Ardmore Seamariner ’ and expect to finalise this agreement in the near term. At that time, Ardmore will have secured debt financing for its current operating fleet, as well as all of its vessels on order" he said
"We are pleased to see OSG coming out of Chapter 11 and look forward to working with our old partners to capitalise on the opportunities in the JonesJones Act tanker markets" said Dag Wittusen, AMSC CEO
President and CEO Bjorn Rosengren said; "The first half of 2014 has developed well. I am pleased to note that the ongoing restructuring measures have already made a positive contribution to our operating result. The savings we have achieved through these measures, together with the improved Ship Power and Services performance, have compensated for the low volumes in the Power Plants business and resulted in profitability increasing to 9.9%."
"By having Pusnes products in MacGregor's portfolio, we are able to offer complete mooring and loading systems for floating production units" said Francis Wong, vice president, segment sales, offshore

More Content

All (72) | News (72) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
sort by: Date | Relevance
Online energy monitoring system [Published Tanker Operator - Jul 26 2014]
ChartWorld and OceanWise team up [Published Tanker Operator - Jul 26 2014]
ClassNK holds LNG-fuelled vessel seminars [Published Tanker Operator - Jul 26 2014]
Secondhand vessel and charter rates firming [Published Tanker Operator - Jul 26 2014]
Nanjing Tanker enters restructuring process [Published Tanker Operator - Jul 26 2014]
Ardmore increases financial exposure [Published Tanker Operator - Jul 26 2014]
STI shores up finance [Published Tanker Operator - Jul 26 2014]
Financial expenses hit Euronav [Published Tanker Operator - Jul 26 2014]
Libyan situation update [Published Tanker Operator - Jul 26 2014]
Orders at a premium [Published Tanker Operator - Jul 26 2014]
OSG to exit Chapter 11 [Published Tanker Operator - Jul 26 2014]
Two VLCCs to be converted to FPSOs [Published Tanker Operator - Jul 26 2014]
Wärtsilä ups profit forecast [Published Tanker Operator - Jul 18 2014]
Frank Mohn boosts Alfa Laval [Published Tanker Operator - Jul 18 2014]
Green certification centre opened [Published Tanker Operator - Jul 18 2014]
Vafias confirms orders [Published Tanker Operator - Jul 18 2014]
DNVPS now VPS [Published Tanker Operator - Jul 18 2014]
Cockett moves into Greece [Published Tanker Operator - Jul 18 2014]
ECDIS upgraded for new VDR rules [Published Tanker Operator - Jul 18 2014]
Pusnes offloading system for FPSO [Published Tanker Operator - Jul 18 2014]
SAM gets new managing directors [Published Tanker Operator - Jul 18 2014]
Another small tanker attacked [Published Tanker Operator - Jul 18 2014]
Rotterdam logistics centre expansion [Published Tanker Operator - Jul 18 2014]
First US condensate export cargo shipped [Published Tanker Operator - Jul 18 2014]
Tanker investment vehicle files for Chapter 11 [Published Tanker Operator - Jul 18 2014]
Sovcomflot tanker detention upheld [Published Tanker Operator - Jul 18 2014]
New fuel introduced for ECA use [Published Tanker Operator - Jul 12 2014]
DESMI goes it alone [Published Tanker Operator - Jul 12 2014]
New engines for smaller tankers [Published Tanker Operator - Jul 12 2014]
Shanghai Shipping to sell Bohai stake [Published Tanker Operator - Jul 12 2014]
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