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Tankers

Marittima Emiliana Orders Two Tankers

Image: Amoretti Armatori Group

Marittima Emiliana, a company owned by the Amoretti family’s Armatori Group, has placed an order for the 4,500 dwt  tanker duo at Ningbo Xinle Shipbuilding, a Chinese shipyard specialising in small chemical construction.Watson Farley & Williams (WFW) advised Crédit Agricole Italia

Team Tankers CFO Resigns

Image: Team Tankers

Team Tankers International, the owner and operator of chemical tankers for the seaborne transportation of liquid chemicals worldwide, announced that Kevin Kilcullen has resigned his post as chief financial officer (CFO)."Kevin Kilcullen today tendered his resignation as Chief Financial Officer

BW Group Buys LPG Carrier Epic Gas

Pic: BW Group

The world’s biggest operator of liquid petroleum gas ships BW Group has purchased majority stake of Epic Gas and is looking to buy the remaining shares completing the takeover.BW, based in Norway and Singapore, is making the move after acquiring a 54.7% stake from existing owners, said a press release.

Nakilat Buoyant on LNG Shipping

Pic: Nakilat

Qatari marine company Nakilat said that it continued to push boundaries and successfully implemented several long-term growth strategies by strengthening its international presence and diversifying its fleet towards maintaining global leadership in liquefied natural gas (LNG) transportation.Nakilat

Vitol Expands Tanker Fleet

Pic: Vitol

Global energy trader Vitol has agreed to acquire a further 50 percent share of the global asphalt trading company VALT to integrate the asphalt trading business into the company.VALT is the bitumen joint-venture it established with Sargeant Marine in 2016.The Swiss-based company said in a press release

Euronav planning LSFO STS at Malta

File Image: A EuroNav VLCC underway at sea (CREDIT: EuroNav)

Euronav has chartered a tanker to bring a 30,000 tonne cargo of low-sulphur fuel oil from northwest Europe to Malta, where its megatanker, Oceania, has been parked offshore since Jan. 12, ship-tracking data showed.Oil analytics firm Vortexa said the STI Brixton tanker loaded low-sulphur fuel oil from

Navig8 in Sale, Leaseback Pact with China Bank

Pic: Navig8 Chemical Tankers Inc.

Navig8 Chemical Tankers  entered into sale and leaseback agreements with ICBC Financial Leasing for four ships.The tanker company focuses on the maritime transportation of Chemicals worldwide said in a press release that the net proceeds from the transaction of four of the Company’s IMO2 37,000 DWT Interline coated tankers  were $94,710,000.

Houston Terminal Fire May Last Two More days

File Image: AdobeStock / © Irina K

A massive fire at a fuels storage company along the Houston Ship Channel may burn for two more days, an official said on Monday as the blaze spread a plume of black smoke across the city, shutting schools in two nearby communities.The fire began Sunday morning in a giant storage tank containing naphtha,

Houston Tank Fire Spreads to More Tanks

File Image: The port of HoustonRefining complex (CREDIT: AdobeStock / © Irina K)

A storage tank fire on the Houston Ship Channel on Sunday has spread to seven petrochemical storage tanks, forcing residents in the suburb of Deer Park, Texas, to stay indoors on Monday, but no evacuations or injuries were reported.The fire, which sent a plume of black smoke across the city's eastern

Sovcomflot Updates Fleet Strength

Image: PAO Sovcomflot

Russian maritime shipping company specializing in petroleum and LNG shipping Sovcomflot (SCF Group) said that Yevgeny Primakov (Icebreaker Ice-15) joined the fleet, the final vessel in a series of four new generation IBSV’s, engaged under a long-term time-charter agreement with Sakhalin Energy.

Teekay Changes Board of Directors

Pic: Teekay

The marine energy transportation company Teekay Corporation and its associate company Teekay Tankers have announced changes to its Board of Directors.Teekay Corporation said that C. Sean Day, Chairman Emeritus and Director, Tore Sandvold, Director, and Peter S. Janson, Director, are retiring from the

McQuilling ends tanker contracts with PDVSA

File Image / CREDIT: AdobeStock / © Kasto

A second maritime firm has told Venezuela's state-run oil firm Petroleos de Venezuela it would end all charter contracts with the company as a result of U.S. sanctions, according to an internal document and a person familiar with the matter.U.S.-based McQuilling Partners Inc, which provided PDVSA with four contract tankers,

Saga Completes Merger

Image: Saga Tankers

Norway-based Saga Tankers ASA has completed its reorganization.It's 100% owned subsidiaries Strata Marine & Offshore AS, Saga Julie AS, Saga Unity AS and Saga Chelsea AS have completed the merger with Saga Tankers ASA, the company announced. As a result, all assets has been transferred to Saga Tankers ASA.

Newbuild VLCC's Lift Gasoil, Head Westward

File Image: AdobeStock / © Jose Gill

Ship builders in Asia are sending a record number of supertankers west carrying middle distillate oil products, such as diesel, data intelligence firm Vortexa said on Thursday, adding more volumes might follow.Very large crude carriers (VLCC) often carry refined, or clean, oil products on their maiden journey before switching to crude oil.

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