rss icon Subscribe
desktop mobile

Tanker

Unique Arctic Journey for Russian LNG Carrier

Commissioned in 2017, Christophe de Margerie is the world’s first icebreaking LNG carrier and the lead ship in the series of ice class Arc7 vessels with a cargo capacity of 172,600 cubic meters each, purpose designed for serving the Yamal LNG project year-round in the Russian Arctic. (Photo: Sovcomflot)

Sovcomflot's Arc7 ice-class Christophe de Margerie liquefied natural gas (LNG) carrier has made history by successfully transiting the Eastbound ice-covered part of the Northern Sea Route (NSR) in May, carrying LNG from Novatek's Yamal LNG project to China.The Russian vessel owner said the event marked

Belarus Buys 80,000 Tonnes of U.S. Oil

Port of Klaipėda (© Juozas55/ Adobe Stock)

Belarusian state energy company Belneftekhim said on Friday it had bought 80,000 tonnes of oil from the United States that would be delivered by tanker to the Lithuanian port of Klaipėda at the beginning of June.Belarus has said it wants to diversify its oil supplies after a dispute with Russia over oil prices earlier this year.

Libya says Probe of Seized Tanker to Start After Quarantine

© jack ronalds/ MarineTraffic.com

Libya's internationally recognized government will start an investigation into a tanker over alleged sanctions-breaking after a period of quarantine ends in two weeks, the coast guard commander who seized the vessel said on Wednesday.The coast guard at Misrata seized the Gulf Petroleum 4 three days ago,

31 Years Ago Today: The Exxon Valdez Oil Spill

© MelissaMN/AdobeStock

On March 24. 1989, the single-hull tanker Exxon Valdez was departing the Port of Valdez, Alaska with a full load of North Slope crude oil (approximately 1.26 million barrels) destined for Long Beach when it grounded on Bligh Reef in Prince William Sound. The resulting oil spill (approximately 258,000 barrels),

d’Amico Expects Boost in Tanker Demand

Image: d’Amico International Shipping

Product tanker demand is expected to be boosted going into 2020 by impacts relating to the IMO 2020 sulfur cap, including higher global refinery throughput and gasoil trade in particular, said d’Amico International Shipping.The international marine transportation company operating in the product

KOTC Adds New Gas Tanker

Image: Kuwait Oil Tanker Company

Kuwait Oil Tanker Company (KOTC) said that it received the giant liquefied natural gas (LNG) tanker, Umm Ruwaisat, as part of a major fleet overhaul.Accoding to Kuwait News Agency (KUNA), KOTC has entered the fourth phase of its fleet overhaul, which entails the delivery of eight carriers, three of

TEN Sells Five Tankers

Image: TEN

The  Greek shipping company Tsakos Energy Navigation (TEN) said that it has sold five tankers to raise $104m in total that it will use to cut debt.According to the transporter of energy, the vessels include three suezmax tankers and two product tankers.These sales, in aggregate, will add $47 million

GTT Bags Tank Design Order from China Yard

Image: GTT

French LNG containment specialist Gaztransport & Technigaz (GTT) announced that it has received an order from the Chinese shipyard Hudong-Zhonghua Shipbuilding (Group) Co. Ltd for the tank design of two new LNG carriers (LNGC) on behalf of the Japanese ship-owner “K” LINE.Each vessel will offer a capacity of 79,960 m3.

Top Ships Sells Stenaweco Elegance

Image: Top Ships

Greek ship-owning company Top Ships Inc. announced the completion of sale of MT Stenaweco Elegance.According to a press note from the owner and operator of modern, fuel efficient "ECO" tanker vessels, its previously announced sale of tanker was concluded.The vessel was delivered to its new owner,

LNG Storage Tank Market to Reach $17.5Bn by 2025

Image: Linde Plc

LNG storage tank market is expected to grow from USD 12.5 billion in 2020 to USD 17.5 billion by 2025, at a CAGR of 7.0%, during the forecast period.The major factors driving the LNG storage tank market include increasing demand for LNG from various end-use industries, such as steel, power, and energy.

Performance Shipping Buys Aframax Tanker

Image: Performance Shipping Inc.

Performance Shipping announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase a 2007 built Aframax tanker vessel, the M/T FSL Shanghai, from an unaffiliated third party seller for a total purchase price of US$26.0 million.According to a press release

BPER Banca Finances Marittima Emiliana

Image:  Watson Farley & Williams

BPER Banca SpA has completed a naval financing for ME Marittima Emiliana SpA to a second-hand tanker built by the Chinese shipyard in Guangzhou in 2012.The tanker, originally flying under a Bahamian flag, has been renamed “Lady Rina” and is currently flying under an Italian flag. M.E. Marittima Emiliana,

Damen Develops BWT Ex Deckhouse

Image: Damen

Dutch shipbuilding and engineering conglomerate Damen Group said that it has developed standard Ballast Water Treatment Ex certified deckhouses that can withstand slamming of waves.The deckhouses can be placed on the open deck of a tanker vessel, it said in a press release.Since a container construction

MISC Clinches Petrobras Contract

Image: MISC Group

Malaysia International Shipping Corporation Berhad (MISC) announced that its wholly-owned subsidiary, AET Tanker Holdings Sdn Bhd, has been awarded long-term charter contracts for three newbuilding Suezmax DP2 Shuttle Tankers from Petróleo Brasileiro S.A. – Petrobras of Rio de Janeiro, Brazil.

Maritime Apps