Product Carrier

ODC Completes Type Product Carriers

Onomichi dockyard Co., Ltd. (ODC) completed construction of two 47,000 DWT type product carriers, Amazon and San Jacinto, for OMI Corporation in January and March 2002, respectively. The carriers are the 30th and 31st carriers of the 47,000DWT series built since the first in 1995. The company will build ten more product carriers, which are now one of the best sellers among standardized vessels built by the company. The 47,000 DWT type series is designed under the policy of building “double hull product carriers at low cost for efficient oil product transport.” The series has a maximum beam of 32.2m, which can pass through the Panama Canal, and a dept of 19.1m, which is the maximum depth to retain the ship stability. The carrier has 53,600m3 cargo space, enabling segregation to load four types of oil products simultaneously. Bulkheads are provided along the centerline except in the Nos. 1 and 2 cargo tanks, two slop tanks, and one residue tank. Four cargo pumps with a capacity of 1,000m3/hr x120t/h are installed for efficient cargo handling. Other safety measures include a vapor emission control system, an inert gas system for the ballast tanks, safety accesses to the bow section, environmental safety (ES) routine, etc. To cope with recent requirements, a service speed of 15.3 knots is guaranteed, faster than 14.5 knots of the previous 39,000 DWT carriers. Use of the Mitsui-MAN B&W 6S50MC type diesel engine and improved hull form enable high-speed navigation

Motia Continues Product Tanker Expansion

Motia Compagnia di Navigazione has continued its expansion of modern product carrier tonnage with the delivery of the 29,000 dwt Elisa from STX Shipbuilding, Korea. The third of a series of four sister ships from the same yard building for Motia, the Elisa is an IMO II Product/Chemical Carrier and it will enter employment in the Handytankers Pool. Antonio Zacchello, managing director of Motia Compagnia di Navigazione,

Heindenreich Marine Develops Product Tanker Pool

Heindenreich Marine has created a new global clean petroleum product tanker pool - Dorado Tankers - to be managed from Heidmar's new office in Darien, Conn. The focus of the new company will be to operate product tankers under a common umbrella - similar to the Star Tankers' panamax pool. Heidmar also reported that it has elected David G. Palmer as vice president of the company, as well as managing director of Dorado Tankers

NASSCO Begins Construction of Product Carrier

General Dynamics NASSCO began construction of the second ship of its new class of product carriers. The shipyard is scheduled to lay the ship’s keel in June and deliver the ship to U.S. Shipping Partners in the second quarter of 2009. In August 2006, NASSCO received a $1b contract from U.S. Shipping Partners to build nine ships. The ships will be double-hulled, 600.4 ft. in length and displace 49,000 dead weight tons

Report: Daewoo Wins $560m VLCC Order

Daewoo Shipbuilding & Marine Engineering reportedly received a $560 million contract to build four very large crude carriers (VLCC) and one product carrier for Kuwait Oil Tanker Co (KOTC), according to Reuters. 

Indian Company to Buy VLGC

Great Eastern Shipping Company signs contract to buy a 1990-built Very Large Gas Carrier (VLGC) The Great Eastern Shipping Company Limited (G E Shipping) has signed contract to buy a Very Large Gas Carrier (VLGC) of about 49,700 dwt (75,000 cbm). The 1990-built vessel is expected to join the Company’s fleet during Q2FY2013. The Company’s current fleet stands at 32 vessels, comprising 22 tankers (9 crude carriers, 13 product carriers) and 10 dry bulk carriers (1 Capesize

OMI Reports Q3 Loss of $7M

OMI Corporation announced a net loss of $7,119,000 for the quarter ended Sept. 30. The net loss for the nine months ended Sept. 30 was $37,555,000 after income from the cumulative effect of change in accounting principle of $2,729,000. Net loss for the nine months ended Sept. 30 includes a $23,574,000 loss on disposal/write down of vessels, $6,229,000 provision for loss on lease obligation and $1,114,000 loss on the disposal/write down of two joint ventures

STX Shipbuilding Gets $266.7M Ship Order

South Korea's STX Shipbuilding Co. (067250.SE) said Wednesday that it received a $266.7M order to build six petrochemical product carriers. An STX spokesman said the South Korean shipbuilder won the order from a Hong Kong-based company, but declined to identify the company. STX will deliver the tankers - which will have the capacity to load 51,000 tons of petrochemical products - by Sept. 2009, the company said.

GE Shipping Takes Delivery of Handymax Dry Bulk Carrier

Great Eastern Shipping Company Ltd (GE Shipping) has announced has taken delivery of the 47,240 dwt, 1997 built Handymax dry bulk carrier. Now named Jag Riddhi, the vessel was contracted in March 2007. With this, the fleet of 46 vessels includes 34 tankers (13 crude oil carriers, 19 product carriers, and 2 LPG carriers) and 12 drybulk carriers (1 capesize, 2 panamax, 6 handymax and 3 handysize) with an average age of 12.2 years aggregating 3.22 Mn dwt.

Blackley Promoted at OSG

Overseas Shipholding Group, Inc. said that Captain Ian T. Blackley has been promoted to Senior Vice President. Captain Blackley, 54, leads International shipping operations, which includes operational oversight and management of OSG’s 94 crude oil tankers, product carriers and LNG vessels that trade worldwide.