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Frontline Cancels Tanker Orders 5/29/2009 10:10:37 AM According to a May 28 Associated Press report, Frontline Ltd., which owns and operates one of the world's largest fleet of crude oil tankers, said Thursday it canceled contracts to construct six new tankers, representing a third of the company's tanker building program and a contractual cost of $556 million... Drewry Shipping Predicts Tanker Doldrums 5/29/2009 9:44:49 AM Rising oil prices will not help the tanker sector, according to the latest Tanker Forecaster from Drewry Shipping Consultants. “The economic turbulence and the subsequent impact on oil prices have dealt a double blow for this sector,” said the editor of the quarterly report, Parul Bhambri... Çiçek Delivers First of Four 3100 DWT Tankers 5/28/2009 9:37:41 AM The Turkish shipbuilder Çiçek Shipyard has delivered the 3,087dwt double-hull tanker Frecciamare to the Italian shipowner Ciane Anapo Spa. Based in one of Italy's major ports, Augusta, on the east coast of Sicily, Ciane Anapo is part of the Novella Group, headed by Marco Novella, and specializes in coastal tanker and bunker operations... Tanker Lay-Up Report from McQuilling Services 5/22/2009 10:16:01 AM The following is a Tanker Lay-Up report from McQuilling Services, LLC: One year ago we witnessed one of the highest tanker market earnings in the history of tanker shipping. Today the TD 1 trade returns about $500 / day in TCE earnings while there are about 50 large tankers employed as floating storage around the world... Hellespont Launches Chemical Tanker Pool 4/17/2009 10:32:31 AM Hamburg-based Hellespont has launched a pool for modern IMO 2 chemical/product tankers. The Seatramp Intermediate Tanker Pool will initially consist of three KG-financed and Hellespont-operated 13,000 dwt vessels, and Hellespont has committed a further eight 17,000 dwt newbuildings due between now and 2011 to the pool... ITCO Promotes Safe, Green Tank Containers 3/13/2009 10:29:22 AM The International Tank Container Organisation (ITCO) will unveil a new tranche of industry knowledge on intermodal tank containers in three specialist presentations to be made at the Transport Logistic 2009 event in Munich on 12-15 May 2009. Two of the papers highlight recent studies which bring together... Aegean Takes Delivery of Tanker Newbuilding 3/4/2009 10:30:08 AM Aegean Marine Petroleum Network Inc. (NYSE:ANW) on March 3 announced that it has taken delivery of the Kalymnos, a 6,272 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The vessel is expected to be deployed to the Company's new market in Trinidad and Tobago. E... Star Tankers Pool Expands 2/17/2009 11:30:08 AM Heidmar Inc. announced on Feb. 12 that longstanding pool member, Tsakos Shipping and Trading S. A., entered the M/T Selini into the Star Tankers pool on January 12, 2009. A second new building, the M/T Salamina, is scheduled to enter the Star Tankers pool in mid-February. Both vessels were built at Sungdong Shipyard in Korea... Intertanko Says Simplify Inert Gas Regs 2/13/2009 8:12:03 AM The catastrophic incidents on a significant number of small product tankers and chemical tankers, some of which have led to a tragic loss of life, have highlighted the fact that the industry needs to update the current application of inert gas regulations to new oil and chemical tankers. In... Analyst Cuts Oil Tankers 2/12/2009 10:32:12 AM According to an analyst speaking with the Associated Press for a Feb. 9 report, a flood of new crude oil tankers being delivered this year will bring down vessel rates in the spot market and he has cut his ratings on two companies. Jefferies & Co. analyst Douglas Mavrinac downgraded Overseas Shipholding... Supertankers Store 50m Barrels of Oil 1/5/2009 8:42:54 AM According to a Dec. 15 report from Financial Times, oil companies and traders are storing at least 50 million barrels of oil in supertankers in a clear sign of supply outstripping demand as the global economy slows. The current floating storage is enough to meet France’s oil imports for a month and the biggest since late 2001... OPEC Output Cut May Hit Shipping 12/19/2008 10:04:55 AM According to a report from The Economic Times, the Indian shipping industry is concerned with the steady fall in crude oil prices and is waiting for the outcome of an important upcoming OPEC meeting. Industry officials feel that if Organization of the Petroleum Exporting Countries (OPEC) cuts production... Tanker Orders Will Not Be Cancelled 12/19/2008 10:01:22 AM According to a report from Emirates Business 24/7, existing new-build programs in the tanker sector of the shipping industry are expected to go ahead with no fear of cancellations despite the current slowdown in the industry's performance, said a senior executive. While ship orders in other sectors have... TMT Diverting Tankers Due to piracy 12/2/2008 9:15:18 AM According to a Reuters Africa report, Taiwan's TMT, one of Asia's biggest shipping firms, is diverting its large fleet of operated oil tankers via the Cape of Good Hope because of piracy in the Gulf of Aden, a company spokesman said on Tuesday, Nov. 25. (Source: Reuters Africa)... First VLCC Built to CSR 10/30/2008 10:39:13 AM   Global tanker shipping entered a new era of vessel construction Oct 28, when Shanghai Waigaoqiao Shipyard (SWS) delivered to Singapore’s Ocean Tankers (Pte) Ltd the first very large crude carrier (VLCC) built to Common Structural Rules (CSR). The 318,000-dwt Hua San, the first... China Delivers Largest Oil Tanker 10/29/2008 10:39:09 AM An oil tanker with the world's largest carrying capacity was delivered to its buyer on Monday in east China's Shanghai. The "Hua San" is capable of carrying 318,000 tons of crude oil. It is 1,093 feet long, 197 feet wide and 100 feet high. The maker Shanghai Waigaoqiao Shipbuilding Co,... Delivery, Charter of Maria Princess 10/24/2008 12:00:43 PM Tsakos Energy Navigation Limited (TEN) announced the delivery of the double-hull DNA designed 105,000dwt Aframax Maria Princess from Sumitomo Heavy Industries in Japan. The Nippon Princess, a sister vessel to the Maria Princess, is expected to be delivered to the Company, from the same yard, on November 12, 2008... Concordia Maritime;s Interim Report 10/24/2008 11:59:43 AM Concordia Maritime AB (publ), an international tanker shipping company, announced its interim report. Highlights include: • Net sales: USD 50.55 million • Profit after tax: USD 7.20 million • Profit per share after tax: USD .150 • EBITDA of USD 18.1 (9.2) million Arlington Tankers Releases 3Q Results 10/23/2008 11:12:32 AM Arlington Tankers Ltd. announced financial results for the third quarter ended September 30, 2008. For the quarter ended September 30, 2008, the Company's total revenues were $17.9 million, consisting of $16.7 million in basic vessel charter hire and $1.2 million in additional charter hire that the Company... Measuring Impact of Ice on Arctic Tankers 10/21/2008 9:00:20 AM ABS, ConocoPhillips, Sovcomflot, and Samsung Heavy Industries (SHI) are jointly participating in a study measuring the effect of ice loads on Arctic class shuttle tanker performance. Owing to the newness of these larger Arctic vessels, even experienced ice navigators can benefit from additional... 1 2 3 4 5 6 7 8 9 10 ...