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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,


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


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


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


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. 


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.


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


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.  


NASSCO Delivers Fourth Product Tanker to APT

Bay State underway during sea trials in September 2016 (Photo: General Dynamics NASSCO)

General Dynamics NASSCO has delivered Bay State, the fourth of five new Jones Act ECO Class product carriers under contract with American Petroleum Tankers (APT). The vessel was delivered on Monday, September 26 during a signing ceremony at the NASSCO shipyard in San Diego.  


NASSCO Christens 4th ECO Class Tanker

Photo courtesy of General Dynamics NASSCO

General Dynamics NASSCO Christens Fourth ECO Class ECO Product Carrier for American Petroleum Tankers.   On Saturday, September 17, General Dynamics NASSCO hosted a christening ceremony for the fourth ECO Class tanker for American Petroleum Tankers (APT) under construction at the company's


Fuel Variants For LR1 Product Tankers

Map: DNV GL

 In a comprehensive study, DNV GL in cooperation with MAN DT examined a set of scenarios for various versions of an LR1 product carrier to determine the most economically feasible fuel type to plan for.    Considering the current volatile market situation


ABS Partners with Leading Greek Shipowners to Address EU MRV Regulations

Image: ABS

 ABS, a leading provider of classification services to the global marine and offshore industries, has completed a project with a group of leading Greek shipowners to support preparations for implementing the European Union’s Monitoring


Run aground, S. Korea's Shipbuilders Awaits Miracles

Photo: Daewoo Shipbuilding & Marine Engineering

 The 'Big Three'—Daewoo Shipbuilding & Marine Engineering, Hyundai Heavy Industries and Samsung Heavy Industries—hold $42.1 billion in loans between them. The firms closed out 2015 with combined losses of more than $6 billion, their earnings reports revealed.  


Strike In France: Implications for Tanker Demand

Graph: Poten & Partners

 After the oil industry suffered from a severe drought in Venezuela, forest fires in Canada and rebel attacks on oil installations in Nigeria, it is now facing the consequences of a national strike in France, where members of the trade union CGT have organized strikes at the country’s


NASSCO Delivers Second ECO Tanker to APT

ECO Class tanker is one of the most fuel-efficient and environmentally friendly tankers in the world Photo NASSCO

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


NASSCO Christens Jones Act ECO Tanker

Garden State (Photo: General Dynamics NASSCO)

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


APT’s 2nd ECO Class Product Carrier Christened

Magnolia State (Photo: General Dynamics NASSCO)

 On Saturday, April 23, General Dynamics NASSCO hosted a christening ceremony for the second Jones Act ECO Class tanker for American Petroleum Tankers (APT) under construction at the company's shipyard in San Diego. U.S. Representative Scott Peters spoke at the ceremony


Novoship to Install Ecochlor BWTS on 4 Tankers

Photo: Ecochlor

SCF Novoship Technical Management has selected the Ecochlor Ballast Water Treatment System (BWTS) to be retrofitted on three Aframax Oil Tankers and one Product Carrier. All of these retrofits are to be carried out in 2016.   “SCF Novoship Technical Management required a BWTS that is


Deck Cooling While Transiting Panama Canal

Photo by Panama Canal Authority

Effective immediately, and until further notice, the Panama Canal Authority (ACP)  will require transiting crude oil tankers, product carrier, and chemical tankers carrying cargoes with flashpoint of less than 18 deg. C, to cool their main decks with water by means of the on-deck water


SFL Orders 2 Product Tankers

Ship Finance International Limited (SFL), announced today that it has agreed to build two 114,000 dwt LR2 oil product carriers at a shipyard in Korea. The vessels are scheduled to be delivered during the second half of 2017 and will thereafter commence long term time-charters to a US based


General Dynamics NASSCO Christens First ECO Tanker for APT

General Dynamics NASSCO hosted a christening ceremony for the first ECO tanker for American Petroleum Tankers (APT) under construction at the company's shipyard in San Diego.   San Diego Mayor Kevin Faulconer spoke at the ceremony, and the ship’s sponsor, Mrs


Oman Shipping Acquire 10 New Vessels

Image: Oman Shipping Company

 Ten new medium range product tankers will join the fleet of state-owned Oman Shipping Company (OSC) in the next one year, taking the total strength of the fleet to 53 from 43 now, reports Times of Oman.   According to the chief executive officer of Oman Shipping Company Tarik Mohammed


TEN Charters Tanker at 20% Premium

Tsakos Energy Navigation Limited announces two-year charter renewal at a 20 percent premium to prior contract reflecting strong tanker market fundamental, oil price levels positive for tanker markets   Greece-based crude, product and LNG tanker operator Tsakos Energy Navigation Limited






 
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