AMERICAN PETROLEUM TANKERS
FMC Commissioner William P. Doyle issued this morning’s opening remarks at the American Society of Transportation and Logistics (AST&L) 6th Sino - American Logistics Conference in Chicago, Il, where he addressed the use of LNG as a marine fuel. Doyle cited the United States' abundance of natural gas as a driver for the country’s marine industry to adopt LNG as an alternative fuel source. In addition, he spoke to the environmental and economic benefits associated with the use of LNG in the maritime segment. Commissioner Doyle discussed the Chinese push for LNG as marine fuel and highlighted the progress of their 2010 pilot program as well as the nation’s goals for future development. He also discussed LNG's presence stateside. “The Obama Administration is embracing the concept of LNG as a marine fuel,” Doyle said. “The Department of Transportation through the Maritime Administration is sponsoring a demonstration project involving an ocean-going containership that will be repowered to use LNG as a propulsion fuel. The Maritime Administration is also funding research related to LNG fuel transfer, infrastructure and training. This research is slated to be completed in 2014.” Mr. Doyle then identified recent LNG maritime initiatives including those at Interlake Steamship Company, TOTE, Harvey Gulf International Marine, Ocean Tug & Barge Engineering Corp
Crowley took delivery of Sunshine State, a 331,000-barrel, double-hull oil and chemical tanker, from General Dynamics NASSCO in San Diego, Calif. for American Petroleum Tankers LLC. The Sunshine State is the first vessel Crowley has taken delivery of since the company was contracted by APT to handle the shipyard construction management and the overall vessel management, crewing and operation of the company's growing fleet
MISC Bhd, the world's largest carrier of liquefied natural gas (LNG), is on the lookout for takeover targets to help it grow amid softer shipping rates, according to a report on http://www.btimes.com.my. In 2003, the firm bought American Eagle Tankers (AET), a crude oil transportation company, from Singapore's Neptune Orient Lines for $445 million. An analyst from a foreign research house said that if MISC were to buy, it will be to support AET to grow its petroleum business.
The U.S. Coast Guard is soliciting for applications for the biennial Rear Admiral William M. Benkert, Marine Environmental Protection Award for Excellence. The program recognizes corporations and businesses involved in marine facility or vessel operations that have demonstrated sustained excellence and outstanding achievement in protecting the marine environment. It also encourages innovations in operations, maintenance, cargo handling, refueling, training
Marathon Ashland Petroleum LLC’s (MAP) Marine Transportation group has received the U.S. Coast Guard’s prestigious William M. Benkert Award for Environmental Excellence. Accepting the silver award on behalf of MAP Marine Transportation was Bruce Tilton, manager, Marine Transportation. “This is indeed an honor, and we are truly thrilled to receive this award, says Tilton. “Because this is the U.S. Coast Guard’s premier national award, recognizing marine environmental excellence
General Dynamics today reported 2014 second-quarter earnings from continuing operations of $646 million, or $1.88 per share on a diluted basis, compared to second-quarter earnings from continuing operations in 2013 of $640 million, or $1.81 per diluted share. Second-quarter 2014 revenues were $7.5 billion. There is a charge in the quarter of $105 million in discontinued operations for the sale of a business within Combat Systems
Peter M. Lovie, P.E., vice president of business development for American Shuttle Tankers L.L.C., Houston, has been appointed to co-chair the Contributors’ Advisory Panel of The DeepStar Project, DeepStar Project Director B. John Sheets, of ChevronTexaco Exploration and Production Technology Co., has announced. ”Peter Lovie has been a tireless advocate for Floating Production, Storage and Offloading (FPSO) vessel technology in recent years and has broad experience with other systems through
The USCG has honored AWO members Crowley Marine Services, Inc. and Southern Towing Company with the William M. Benkert Award for excellence in marine environmental protection. Benkert Awards for the year 2000 competition were presented in four categories: large and small vessel operating companies, and large and small marine facility operators. AWO member Crowley Marine Services, Inc., headquartered in Seattle, won the large vessel category
On March 10, Aker Philadelphia Shipyard (Oslo: AKPS) launched Ship 013, the ninth product tanker in a series of 12 to be completed by 2011. The 46,000 dwt vessel was floated off of its blocks and was transferred by tug from the Building Dock to the Outfitting Dock, where it will remain for the next few weeks as it undergoes continuous testing and commissioning in preparation for its upcoming sea trials. When completed, the 600-ft long vessel, to be named the Overseas Martinez
Nordic American Tankers Ltd. is considering expanding its fleet by ordering new vessels or buying second-hand. The company's Board of Directors has declared a dividend of $0.16 for the fourth quarter of 2012. They are assessing expansion plans including ordering of new vessels from shipyards or buying second hand vessels at historically low prices. The level of the declared dividend should be seen in the context of a planned fleet expansion
South Korean shipyard Sungdong Shipbuilding & Marine Engineering Co. (Sungdong) has won an order from Greece’s Tsakos Energy Navigation (TEN) for two 74,000 deadweight tonnage (DWT) crude-oil carriers with an option for two more.
Newly built chemical and product tanker Stenaweco Impulse was named by H.R.H. Crown Princess Mary of Denmark, whobroke a bottle of champagne against the tanker’s bow and wished the vessel, her captain and his crew fortune and prosperity.
Nordic American Tankers Ltd. (NYSE:NAT) entered into a 30 months charter contract with a subsidiary of ExxonMobil (EM) for one of the NAT suezmaxes. The firm period is 18 months with an option of further 12 months. The gross revenue from the contract of 30 months is about $25 million
Nordic American Tankers Limited (NAT) has today taken delivery of Nordic Castor, the second of four secondhand Japanese-built Suezmax tankers acquired in May 2016. The first of the four vessels, Nordic Luna, was delivered June 1, and the third vessel is expected to be delivered near the end of
Argentina's oil producers have shipped record volumes of crude this month, spurred by a new government subsidy that has also prompted state-owned oil company YPF to return to the export market for the first time in years. The surge in shipments abroad comes just a month after Argentina's
Nordic American Tankers Limited ("NAT" or the "Company") announced today that it has entered into an agreement to acquire four existing Suezmax sister vessels built in Japan at a world-class shipyard. The aggregate price is $106 million
Venezuelan crude sales to the United States declined 8.3 percent in April to 734,700 barrels per day (bpd) compared with the same month of 2015, amid delays at PDVSA's main ports, according to Thomson Reuters trade flows and vessel tracking data.
Crowley Maritime Corp. announced it will hold a christening ceremony Thursday, May 5 in New Orleans for the newly built Louisiana, the company’s third of four new Jones Act product tankers. The 600-foot-long, 50,000-dead-weight-ton (dwt), 330
Crowley Maritime Corporation christened the third of four new LNG-ready Jones Act product tankers at a May 5 ceremony at the Julia Street Cruise Terminal in New Orleans. The 600-foot-long, 50,000-dead-weight-ton (dwt), 330,000-barrel-capacity MT Louisiana is capable of carrying crude oil
U.S. shipbuilder General Dynamics NASSCO launched and christened Garden State, another ECO Class tanker due to join the Jones Act fleet. Launched and christened on Saturday, May 7, the new ship, will join the ranks as one of the most fuel-efficient and environmentally friendly product
Philly Shipyard, Inc. (PSI) held a keel laying ceremony for the second product tanker in a four vessel order for Kinder Morgan, Inc. subsidiary American Petroleum Tankers (APT). Representatives from Philly Shipyard and Kinder Morgan were in attendance to place coins on one of the keel
On Thursday, May 19, shipbuilders at General Dynamics NASSCO delivered the Magnolia State to longtime customer American Petroleum Tankers (APT). The ECO Class tanker is one of the most fuel-efficient and environmentally friendly tankers in the world and symbolizes the emerging future of green
Nordic American Tankers Limited (NAT) has taken delivery of Suezmax tanker Nordic Luna, the first of four secondhand sister vessels purchased as part of the company’s plans for fleet expansion. The second vessel is expected to join the NAT fleet in mid-June
The newly constructed chemical and product tanker Stenaweco Impulse will be named by her godmother H.R.H. Crown Princess Mary of Denmark at a June 13 ceremony on Langelinie Quay in Copenhagen. The Stenaweco Impulse is the sixth in a series of 13 IMOIIMAX tankers ordered by Stena Bulk
Iran has placed orders worth around $2.4 billion with South Korean shipyards for the construction of ships to carry Iran’s oil and petrochemical products, The Wall Street Journal says. The orders have been placed by the Islamic Republic of Iran Shipping Lines (IRISL) and