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Arlington Tankers Exercises Four Options 5/8/2008 11:52:37 AM Arlington Tankers Ltd. said that Stena Bulk AB of Sweden (Stena) has exercised options to extend the long-term charter agreements for four of the company's vessels. Stena has exercised the first of its three one-year options for each of the Stena Companion and Stena Concord, and its 30-month option for the Stena Contest and Stena Concept... McQuilling: Tanker Demand Flat 4/21/2008 8:59:29 AM McQuilling is of the opinion that tanker markets are driven by interactions of supply and demand. While tracing short-term demand remains a constant challenge, long term or annual world demand data provides solid grounds for comparison and analysis of tanker demand on yearly basis. Tanker demand is measured in ton-mile units... Frontline Jumps in Oslo After Buying Stake in OSG 3/26/2008 10:26:59 AM Frontline Ltd., the oil-tanker owner, advanced the most in 22 months in Oslo trading after buying a stake in a rival shipping company. Frontline acquired 5.2 percent of New York-based Overseas Shipholding Group Inc., known as OSG, on March 20. Hamilton, Bermuda-based Frontline agreed to purchase an additional 1... Tanker Market Outlook 2008 – 2012 3/24/2008 10:17:41 AM   McQuilling Services has released its January 2008 Tanker Market Outlook for the period 2008 through 2012. The report, produced each year in January, presents a forecast for 10 trades in the five major tanker sectors through 2012. Six dirty trades and four clean trades are evaluated and discussed... Exxon Valdez: March 24, 1989 3/24/2008 9:52:46 AM On March 24, 1989, the tanker Exxon Valdez grounded on Bligh Reef in Prince William Sound, Alaska.  The resultant spill of 11 million gallons of crude oil was not the largest in US history and most people forget that salvage and response efforts kept the majority of the oil safety on board the ship... Knightsbridge Tankers Shares Rise 3/19/2008 10:34:41 AM Knightsbridge Tankers Ltd. shares are rising along with the broader market after an analyst said a new time charter will allow the company to weather a tough tanker market this year.  Analysts said the time charter the company signed should support the company through declining tanker rates this year and next... Great Eastern Shipping to Sell Product Tankers 2/28/2008 10:27:55 AM Great Eastern Shipping Co Ltd said it plans to sell two medium range product tankers for an undisclosed sum. The tankers would be delivered to their buyers in the first quarter of 2009/10, it said in a statement. Great Eastern Shipping has a fleet of 47 vessels consisting of 34 tankers and 13 dry bulk carriers. Source: Reuters ... Capital Product to Buy Tankers 2/28/2008 10:13:05 AM Capital Product Partners LP has signed a nonbinding letter of intent to buy two vessels from Capital Maritime & Trading Corp., for total of $118m. The deal is expected to be completed by April. The first vessel, valued at $95m, is a 2001-built, 159,982 deadweight ton double hull tanker. The vessel is chartered to BP Shipping Ltd... GEM Places Aframax Tanker Orders 2/27/2008 10:20:54 AM Gulf Energy Maritime (GEM), the Middle East's largest independent commercial product tanker operator, has awarded South Korea’s Samsung Heavy Industries Co. Ltd (SHI) a $160m contract for building of two high specification double-hulled Aframax tankers – the first in GEM’s growing fleet. These... Capital Product Partners Announces Intention to Acquire Tankers 2/26/2008 9:33:12 AM Capital Product Partners announced that it has entered into a non-binding letter of intent to acquire the 2001-built, 159,982 dwt double hull tanker M/T Amore Mio II and the 2005-built, 12,000 dwt double hull product tanker M/T Aristofanis from Capital Maritime & Trading Corp., the owner of its general partner... Odfjell Orders Six Chem Tankers 2/19/2008 8:05:58 AM Odfjell signed agreements with the Chuan Dong Shipyard to build a series of six plus four optional 9,000 dwt stainless steel chemical tankers for delivery in 2010-2012 at a total price of $180 million. These ships will operate in our regional trades in Asia and Europe, and will replace smaller vessels currently trading in these areas. ... Sonangol, Stena Bulk start Panamax Pool 2/15/2008 10:30:21 AM Stena Bulk and Sonangol expanded their shipping collaboration and are now also operating a pool with Panamax tankers. These vessels transport crude oil and petroleum products in Atlantic trade as well as sailing in a round-the-world service. Initially, the pool consists of five Panamax tankers but the... Daewoo Wins $766m Tanker Deal 2/13/2008 10:22:40 AM Daewoo Shipbuilding & Marine Engineering Co., said that it has won a deal worth $766m to build five oil tankers. The deal from Oman Shipping Co. calls on Daewoo Shipbuilding to deliver the vessels by April, 2012, the shipbuilder said in a regulatory filing. Daewoo Shipbuilding has received $1.27... Philippines to Ban Single-Hull Vessels 1/28/2008 10:35:20 AM The Philippines will ban single-hull oil tankers from its waters from April, two years earlier than planned, after the worst oil spill in the country's history and a separate leak in South Korea. Vessels carrying "black" petroleum products such as crude oil and bunker fuel won't be allowed to dock... Tanker Owner in Spill Denies Wrongdoing 1/25/2008 10:39:15 AM According to reports, the owner and operators of the tanker involved in South Korea's worst oil spill denied any wrongdoing, but offered sympathy to locals affected by the environmental fallout and their insurer agreed to accept claims for compensation. The Dec. 7 accident occurred after a barge owned... Tanker Delivered to Oceanfreight 1/24/2008 7:39:00 AM OceanFreight Inc. has taken delivery of a 1996 built Suezmax tanker, a vessel that the company had agreed to acquire in December 2007. The 149,085 dwt Suezmax tanker was delivered to OceanFreight on January 17, 2008 and, as previously announced, will trade in the spot market for the short term. Anthony... Stena Bulk Acquires Tankers 1/18/2008 10:59:42 AM Stena Bulk has purchased three MR product tankers from Italian Gestioni Armatoriali Spa in Ravenna with delivery set for February, 2008. The three vessels, the Stena Conqueror, the Stena Conquest and the Stena Italica, which Stena has controlled via long-term charters ever since they were built, will... South Korea to Ban Single-Hulled Tankers after Spill 1/11/2008 9:57:56 AM Reuters reported that South Korea will ban single-hulled tankers from traveling in its waters by 2011, earlier than the international regulation that calls for a ban from 2015, Seoul's maritime ministry said. A single-hulled tanker was involved in South Korea's worst oil spill last month, leaking... Knightsbridge Tankers Announces Vessel Sale 12/26/2007 9:55:02 AM Knightsbridge Tankers Limited has agreed to sell its 1995-built double hull VLCC tanker Chelsea for the net sale proceeds of approximately $99 million. Delivery to buyers is expected to take place in January 2008. The sale will generate approximately $78.8m in liquidity and a gain of approximately... S. Korea Plans Ban on Single Hull Tankers 12/21/2007 9:22:31 AM In the wake of the country's worst oil spill, South Korea reportedly plans to introduce a ban on single-hulled tankers, according to an AFP report. A drifting barge hit a 147,000-ton Hong Kong-registered tanker Hebei Spirit on December 7, holing it in three places, resulting in an estimated 10,900 ton crude oil spill... 1 2 3 4 5 6 7 8 9 10 ...