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Tanker

GasLog Partners Wins Gunvor Charter

Pic: GasLog Partners

The liquefied natural gas (LNG) tanker partnership GasLog Partners announced today that one of its subsidiaries has entered into a three-and-a-half-year charter for the GasLog Shanghai with Clearlake Shipping Pte Ltd.Clearlake Shipping is a subsidiary of Gunvor Group Ltd. The charter, expected to commence in June 2019,

HMM Rescues Crew of Norwegian Tanker

File Pic: HMM

South Korean shipping firm Hyundai Merchant Marine Co said in a press statement that its cargo ship, Hyundai Dubai, rescued all 23 crew members of the Norwegian oil tanker Front Altair, one of the two vessels that caught fire on suspicious attacks in the Gulf of Oman.According to U.S. officials, the

NAT Closes Busiest Year!

Pic: Nordic American Tankers Limited

Bermuda-based Nordic American Tankers Limited (NAT) said in a press release that the last 12 months have been the busiest period for the international tanker company.Sale of 10 suezmax vessels and delivery of 3 new suezmax units took place in the last six months of 2018 and ensured a renewal of its fleet which count suezmaxes only.

Ocean Yield Takes Delivery of New VLCC

Nissos Despotiko. Photo: Ocean Yield ASA

Norway-based ship owning company Ocean Yield ASA has taken delivery of the very large crude carriers (VLCC) Nissos Despotiko.The vessel was delivered from the yard Hyundai Heavy Industries in South Korea and is the second in a series of four VLCCs that will be delivered to the Company in 2019.Upon delivery,

Gagarin Prospect Wins Award

Photo: Sovcomflot

Gagarin Prospect, an LNG-fuelled Aframax crude oil tanker owned and operated by Sovcomflot (SCF Group), has won Next Generation Ship Award 2019, which was announced at Nor-Shipping 2019.President & CEO of Sovcomflot Sergey Frank has received the award from Norwegian Minister of Trade and Industry

GTA Names Sixth LNG-Fueled Tanker

Photo: FKAB

Marine engineering company FKAB said that the sixth vessel ordered by the Gothia Tanker Alliance (GTA), a network of established tanker operators,  has been named at the Avic Dingheng shipyard.The 'Ramelia' is the sixth in a series of vessels ordered for the Gothia Tanker Alliance series.

Eco Tankers Sells MR Tanker

Image: DIS - d'Amico International Shipping

Eco Tankers  has signed a memorandum of agreement for the sale of the MT High Sun, a 49,990 dwt MR product tanker vessel, built in 2014 by Hyundai MIPO, South Korea (Vinashin), for a consideration of US$ 28.7 million.Eco Tankers is a joint venture company with Venice Shipping and Logistics S.p.

Nordic Shipholding Sells Nordic Ruth

Pic: Nordic Shipholding A/S

Danish Shipowner Nordic Shipholding entered a new sale and purchase memorandum of agreement to dispose Nordic Ruth vessel, which the company didn't manage to sell, in the past.Nordic Ruth is a 2000-built handysize product/chemical tanker. It tanker would be sold for USD 5.8 million.Nordic Shipholding

VLCC Market Remains Strong in Q1: Hunter

Pic: Hunter Group

The very large crude carriers (VLCC) market market was relatively strong in Q1, with VLCC earnings averaging USD 29,000/day an increase of close to USD 20,000/day versus Q1’18, said Norway's Hunter Group ASA.High USG activity was the main contributor to the rate increase, said the company focusing on shipping and oil services investments.

NAT Extends TC for Suezmax Vessel

Pic: Nordic American Tankers Limited

Nordic American Tankers Limited (NAT) has fixed a one year or more time charter (TC) for one of the NAT suezmax vessels.NAT's Samsung built suezmax, the Nordic Zenith, has obtained a term contract. The new contract is expected to commence on expiration of the present spot employment and it could last 12 to 15 months.

McKeil Marine Adds Chemical Tanker

Image: McKeil Marine

Canada’s marine services provider McKeil Marine Limited has acquired Topaz, an IMO 2, ice class 1A chemical tanker.With this newest addition to its diversified fleet of tugs, barges, workboats and vessels, including bulkers, cement carriers, and tankers, McKeil expands its offering and is poised for additional growth.

TNG Gets Extension for ECO Tanker Charter

Pic: Tankerska Next Generation

Croatian joint stock shipping company Tankerska Next Generation (TNG) has concluded an additional six-month charter deal for one of its ECO class product tankers with a leading U.S.charterer of some $17,100 per day.The negotiated deal thoroughly represents the company's strategic concept that focuses

Norden Signs 3-year COA with Qatar Vinyl

Image: Dampskibsselskabet NORDEN A/S

Danish shipping company Norden has signed a three-year contract of affreightment (COA) with Qatari chemical firm Qatar Vinyl Company, commencing in the second quarter of 2019.Qatar Vinyl Company, a subsidiary of Qatar Petrochemical Company, produces various polymers and chemicals. The agreement is for

Tanker Market Faces Headwinds: Teekay

Pic: Teekay

Average crude tanker spot rates moderately increased during the first quarter of 2019, as some of the positive drivers from late 2018 continued into early 2019, said Teekay Tankers."These included high seasonal oil demand, the impact of winter weather delays, and relatively high global oil production

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