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Tankers

Sovcomflot, Total Ink Timecharter Deal on LNG Transport

Igor Tonkovidov, President and CEO of PAO Sovcomflot at the signing. Photo courtesy Sovcomflot.

PAO Sovcomflot (SCF Group) and Total have concluded a time charter agreement for up to seven years for a newbuild 174,000-cubic-meter-capacity liquefied natural gas (LNG) carrier, scheduled to be delivered Q3 2023 and to be owned and operated by SCF, with options for up to two additional vessels.The

US Blacklists Tankers, Oil Traders Undermining Venezuela Sanctions

© Yevgeniy B. / MarineTraffic.com

The United States on Tuesday sanctioned a network of oil trading firms, individuals and vessels that have helped Venezuelan state-run oil company PDVSA sell crude mainly to Asia despite Washington's sanctions on the South American nation.The measure targets a network that the U.S. Treasury Department

GTT Wins LNG Carrier Tank Design Order from Samsung

French engineering firm GTT said it has received an order from the Korean shipyard Samsung Heavy Industries (SHI) for the tank design of a new 174,000-cubic-meter-capacity liquefied natural gas (LNG) carrier on behalf of the Korean ship-owner Pan Ocean.GTT will design the tank, which will be fitted

US Imposes Fresh Sanctions on Iran

© R. Jeff Huth / Adobe Stock

The United States on Friday sanctioned companies in Iran, China and the United Arab Emirates for doing business with the Islamic Republic of Iran Shipping Lines and on three Iranian entities over conventional arms proliferation.They are the latest in a series of measures aimed at stepping up pressure

New LNG Carrier Delivered to Sovcomflot

On January 15, 2021, PAO Sovcomflot (SCF Group) took delivery of SCF Timmerman, a new 174,000-cbm LNG carrier built by Hyundai Samho Heavy Industries. Photo credit Sovcomflot

Russian shipping company PAO Sovcomflot (SCF Group) on Friday took delivery of SCF Timmerman, a new 174,000-cubic-meter-capacity liquefied natural gas (LNG) carrier. The ship embarked on its maiden commercial voyage the same day, and is operated under a long-term time charter agreement with Shell, which

BV Grants AIP for GTT's Containership LNG Fuel Tank

© Mariusz / Adobe Stock

French naval engineering firm GTT announced it has obtained approval in principle (AiP) for the NO96 membrane containment system for liquefied natural gas (LNG) fuel tank application for ultra large container vessel (ULCV) from classification society Bureau Veritas (BV).GTT said it worked with BV to

Klaveness' New Combination Carrier Delivered from New Yangzi Shipyard

(Photo: Klaveness Combination Carriers)

Norway-based shipowner Klaveness Combination Carriers said it took delivery of a new combination carrier vessel from the New Yangzi Shipyard in China on Monday.The Baiacu is the sixth in a series of eight contracted CLEANBU combination carriers built for transportation of both wet and dry bulk cargoes.

LNG Shipping Rates from US Surge to Record Highs

© Björn Wylezich / Adobe Stock

The cost of shipping liquefied natural gas (LNG) from the United States to Asia hit a record high on Tuesday as appetite for the fuel from buyers there and delays through the Panama Canal reduced the amount of ships for hire.Freezing temperatures across Asia and Europe have pushed up LNG prices and

SSY Publishes Shipping Outlook for 2021

© Mike Mareen / Adobe Stock

After a highly volatile 2020, shipbroker Simpson Spence Young (SSY) looks at the next 12 months and highlights areas of particular interest in their 2021 Outlook Report.  The report looks at various drivers of the shipping markets, including how the developing emissions regulations may affect commercial fleets and shipping investments.

Maran Tankers Takes Suezmax Delivery from South Korea's Daehan

Maran Solon (Photo: Maran Tankers Management)

The newly built Suezmax tanker Maran Solon was delivered to Maran Tankers Management on January 4, the Greek operator said on social media.The Greek-flagged, 157,000 dwt Suezmax is classed by ABS and was built by Daehan Shipbuilding Co. in South Korea.The handover follows the 2020 deliveries of DNV GL-classed Maran Phoebe and Maran Orpheus,

Iran Tells South Korea Not to Politicize Seized Vessel

© Rik van Marle / MarineTraffic.com

Iran said on Sunday that South Korea should avoid politicizing the seizure of its vessel by Iranian Revolutionary Guards in the Gulf, Iranian state media reported, while pressing Seoul to release $7 billion in funds frozen amid U.S. sanctions.South Korea’s vice foreign minister, Choi Jong-kun, arrived

HMD LNG Carrier Gets AIP From the Korean Register

Kim Yeon-tae, executive vice president of KR Technical Division (right) and Nam Young-joon, executive vice president of HMD, are taking commemorative photos at the certificate award ceremony. (Photo: KR)

The Korean Register (KR) has awarded Approval In Principle (AIP) for a liquefied natural gas (LNG) carrier with a prismatic IMO type-B tank built by Hyundai Mipo Dockyard (HMD). The ship is a small to medium-sized LNG carrier with a B-type cargo tank developed as a result of a technical collaboration project between KR and HMD,

DSIC Delivers LR2 Newbuild to Maersk Tankers

Maersk Sara (Photo: Maersk Tankers)

Danish based Maersk Tankers has taken delivery 115,000 dwt tanker Maersk Sara from Chinese shipbuilder Dalian Shipbuilding Industry Company (DSIC).The LR2 vessel, second in a series of 10, is said to be 20% more fuel-efficient than similar vessels she will replace in the existing fleet and meets the

United Overseas Group to Acquire United Arab Chemical Carriers

© Harvey Wilson / MarineTraffic.com

Investment company United Overseas Group (UOG) is to acquire Dubai-based shipping company United Arab Chemical Carriers (UACC), the two companies said on Thursday.The deal is subject to regulatory approvals and is expected to close in the first quarter, they said in a statement, without disclosing the value.

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