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Product Carrier News

01 Sep 2021

New Ship Repair Cluster Coming to Russia’s Far East

Sergey Tseluyko, Managing Director of Zvezda (left), and Igor Tonkovidov, President and CEO of Sovcomflot (right), signing keel laying statement during the ceremony. (Photo: Zvezda)

A group of Russian maritime stakeholders have agreed to develop ship repair cluster in the country’s Far East.The trilateral agreement between PAO Sovcomflot, SMART LNG (a joint venture between PAO Sovcomflot and PAO NOVATEK) and Far Eastern Shipbuilding and Ship Repair Center (FESRC, a subsidiary of Rosneft) was signed by: Andrey Shishkin, CEO of FESRC and Vice-President for Energy, Localization and Innovation of Rosneft; Igor Tonkovidov, President and Chief Executive Officer of Sovcomflot, and Sergey Frank, Chairman of the Board of Directors of SMART LNG.

29 Jun 2020

Navalrocha Shipyard Active Despite COVID-19

(Photo: Navalrocha Shipyard)

Portugal’s Navalrocha Shipyard is reporting a flurry of activity in 2020 as it navigates the COVID-19 outbreak and prepares for a packed order book in the coming months.Navalrocha commercial director Sergio Rodrigues said the shipyard had recorded several landmarks during a highly memorable period in its history, completing its first multimillion Euro refit for a seismic survey vessel before managing its first ballast water treatment system (BWTS) installation.The projects were accompanied by a series of other deals involving bunker tankers…

30 Jan 2020

Polarcus Seismic Vessel Refit Completed

(Photo: Navalrocha)

Portugal’s Navalrocha shipyard said it has completed a multimillion-euro repair and refit project for Dubai-based marine geophysical company Polarcus.The drydock project which completed in January 2020 involved a broad package of work to the ultra-modern 14 streamer 3D/4D seismic vessel – Polarcus Naila.The vessel is environmentally advanced with diesel-electric propulsion, high specification catalytic converters, a double hull and advanced bilge water cleaning system.“The Polarcus Naila visited Navalrocha shipyard for a total of 33-days running through the Christmas period…

03 Oct 2019

New Nippon Paint Targets Chem, Product Carriers

Photo: Nippon Paint Marine

Nippon Paint Marine has added to its NOA range of self-indicating epoxy coatings with a new system specially developed to protect chemical and product carrier tanks from corrosion and cargo contamination.NOA PC 700, a phenolic/novolac-based epoxy, is resistant to a wide range of chemicals, solvents and petroleum products, including those containing xylenes, methyl ethyl ketone, methanol, caustic soda and LSA fuel oil.Makoto Nakagawa, General Manager Sales and Marketing, Nippon Paint Marine Coatings…

30 Aug 2019

McQuilling Mid-Year Tanker Market Outlook

File Image: AdobeStock / © Carabay

McQuilling Services Announces the Release of the 2019 Mid-Year Tanker Market Outlook Update.The Mid-Year Tanker Market Outlook Update provides an outlook on the global tanker market in the context of global economic growth and oil fundamentals influencing tanker demand and vessel supply. The outlook includes a view on future asset values, time charter rates, market freight rates and TCE revenues for 24 major tanker trades and four triangulated routes across eight vessel segments for the second half of 2019 through the remaining four years of the forecast period 2019-2023.

01 May 2019

Tanker Market in Upward Journey: Ardmore

The MR (Medium Range Product Carrier) product and chemical tanker market continues its upward trend, with charter rates higher in the first quarter on the back of continued strengthening supply-demand fundamentals and further supported by prolonged winter market conditions.According to Anthony Gurnee, the Company's Chief Executive Officer of Ardmore Shipping Corporation this trend is in spite of heavy refinery maintenance and upgrade downtime as the global refinery complex prepares for the IMO 2020 marine fuel transition, partially masking the extent of the underlying strength.As refineries return to full operation and anticipated heightened levels of throughput in the second half…

24 Jul 2018

Scorpio Orders Ecochlor BWTS for 55 Tankers

(Photo: Ecochlor)

Shipowner Scorpio Tankers has signed a deal to retrofit roughly half of its product carrier fleet with ballast water treatment systems (BWTS).The deal will see U.S. based BWTS manufacturer Ecochlor, Inc. supply 55 systems for Scorpio's product carriers ranging between 38,000 to more than 100,000 DWT. Installations are expected to begin in the fourth quarter of 2018 and continue to the end of 2022.Additionally, Scorpio Tankers will become a minority investor in Ecochlor.Emanuele Lauro…

10 May 2018

Interview: Robert Kunkel, Alternative Marine Technologies

Bob Kunkel needs no introduction to Marine News readers. Kunkel, President of Alternative Marine Technologies, previously served as the Federal Chairman of the Short Sea Shipping Cooperative Program under the Maritime Administration and Department of Transportation from 2003 until 2008. A past Vice President of the Connecticut Maritime Association, he is a contributing writer for Maritime Logistics Professional magazine and of course, Marine News. A graduate of the Massachusetts Maritime Academy…

08 Aug 2017

G E Shipping to Buy Secondhand LR2 Tanker

The Great Eastern Shipping Company Limited (G E Shipping) said it has signed a contract to buy a secondhand Long Range 2 (LR2) product carrier of about 105,000 dwt. The 2009 built vessel is expected to join the company’s fleet in Q2/Q3 FY18.   The company’s current fleet stands at 46 vessels, comprising 30 tankers (12 crude carriers, 16 product tankers, 2 LPG carrier) and 16 dry bulk carriers (1 Capesize, 8 Kamsarmax, 7 Supramax) with an average age of 9.76 years aggregating 3.80 mn dwt.

04 Aug 2017

GE Shipping to Buy L2R Product Carrier

The Great Eastern Shipping Company (GE Shipping) has signed a contract to buy a second-hand L2R product carrier of about 105,000 dwt, the company said in a press statement. The company said that the 2009 built vessel is expected to join the company’s fleet in Q2/Q3 FY18. The Company’s current fleet stands at 46 vessels, comprising 30 tankers (12 crude carriers, 16 product tankers, 2 LPG carrier) and 16 dry bulk carriers (1 Capesize, 8 Kamsarmax, 7 Supramax) with an average age of 9.76 years aggregating 3.80 mn dwt. The Great Eastern Shipping Company is engaged in the business of providing shipping services. The company’s segments include shipping and offshore. The shipping business is involved in transportation of crude oil, petroleum products, gas and dry bulk commodities.

12 Jun 2017

Alfa Laval: New Test Facilities, New Technologies

Gas operations commence at the newly expanded Alfa Laval Test & Training Center in Aalborg, Denmark. (Photo: Alfa Laval)

Heat transfer, separation and fluid handling technology specialist, Alfa Laval, has expanded its Test & Training Center in Aalborg, Denmark with a new gas testing facility. At the same time it continues developing new technologies in the areas of ballast water treatment, sulfur oxide emission control, touchscreen boiler control, fuel efficiency automation for inert-gas systems and methanol booster systems. Alfa Laval, a global provider of specialized products and engineering solutions based on the key technologies of heat transfer…

28 Mar 2017

Inert Gas Systems Produces Significant Fuel Savings

Image: Alfa Laval

The Alfa Laval Automatic Fuel Efficiency Module (AFEM) is a new modification for reducing the fuel consumption of Alfa Laval Smit Combustion inert gas systems. It does so by ensuring the inert gas that keeps cargo safe during offloading is only generated in the exact amounts required. In a two-year pilot project, the AFEM allowed Italian shipping company Navigazione Montanari S.p.A. to achieve an average fuel savings of 30 percent. Based in Fano on the Adriatic Sea, Navigazione Montanari owns and manages a fleet of 21 tankers.

19 Sep 2016

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 shipyard in San Diego. U.S. Representative Juan Vargas spoke at the ceremony, and the ship’s sponsor, Mrs. Melissa DeVeau, christened the ship with the traditional break of a champagne bottle alongside the ship.

10 Jul 2016

Fuel Variants For LR1 Product Tankers

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, the conclusions are quite different depending on the development of fuel prices. The goal of this study was to analyse costs and benefits of various fuel options for a newbuild. The alternative fuels selected included LNG, LPG and methanol and others. The costs and benefits were determined by looking at the additional investment and operating costs compared to a standard fuel variant using HFO and MGO. An LR1 product tanker on a fixed route was selected for a financial analysis.

09 Jun 2016

ABS Partners with Leading Greek Shipowners to Address EU MRV Regulations

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, Reporting and Verification (MRV) regulation for CO2 emissions. The result of this initiative is a clear interpretation of the regulation that allows companies to understand how they will be affected and what steps have to be taken to achieve and demonstrate compliance. “The EU MRV Regulation establishes a regional regime that requires owners to put in place systems and practices that provide clear and precise evidence of compliance,” says Dr. Kirsi Tikka, ABS Executive Vice President, Global Marine.

25 Apr 2016

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, and the ship’s sponsor, Trang Cormack, christened the ship with the traditional break of a champagne bottle alongside the ship. The ECO Class tanker, the Magnolia State, is the second of a five-tanker contract between NASSCO and APT…

08 Feb 2016

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 highly effectively in extreme climate conditions, has low power consumption and is nearing completion of the U.S. Ecochlor's BWTS employs a two step process to treat ballast water. First, a filtration system removes sediments and larger organisms…

21 Jan 2016

Deck Cooling While Transiting Panama Canal

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 sprinkler system or any other means available in order to prevent automatic activation of their pressure relief valves during transit. The cooling of the main deck shall be performed between 1000 and 1600 hours while the vessel is underway at Gatun Lake or Gaillard Cut, or at anchor in Canal waters. However, this procedure should be stopped while the vessel is transiting through the locks or is in the vicinity of the locks, and when Canal deckhands are on board.

01 Sep 2015

TEN Charters Tanker at 20% Premium

Greece-based crude, product and LNG tanker operator Tsakos Energy Navigation Limited (TEN) announced today a charter renewal of a handysize product carrier to a major state oil company for a period of 24 months commencing in September 2015 at a 20 percent premium to the previous rate. The latest charter, expected to generate approximately $13 million in total gross revenues, along with five charters announced last month for a suezmax crude tanker and four MR product carriers, increases the total minimum charter revenues of the fleet under secured employment to more than $750 million, the company said. “This new charter extension with its associated rate increase together with the recent announcement of the five charters is a confirmation that the tanker markets’ prospects remain strong.

04 Jul 2015

FORAN for Pertamina's Future Ships

FORAN has been chosen by state-owned company PERTAMINA to review the design of their future oil product carrier ships, under construction in a shipyard with the FORAN System. PERTAMINA, a company based in Jakarta, Indonesia, signed a contract with SENER Ingeniería y Sistemas S.A. (SENER) for the use of the FORAN FVIEWER application in the coming years. FVIEWER is part of the FORAN System, developed by SENER, and conducts an immersive navigation throughout the 3D model of the ship, allowing to query the model for properties and attributes, checking visual interferences and making annotations. The solution has the necessary capabilities to measure clearances and distances and to study ergonomics in complex areas such as the engine room.

02 Dec 2014

Marine Noise Emissions: Is it Your Next Regulatory and Environmental Hurdle?

Marflex Variable Frequency Drive Cargo pump.

A different kind of emission in the compliance spotlight – above and below decks. The International Maritime Organization (IMO) Sub-Committee on Ship Design and Equipment during its 2012, 56th session submitted a draft revised code on noise levels onboard ships. The code set out mandatory noise level limits for machinery spaces, control rooms, workshops, cargo blocks and accommodation spaces in an effort to address health and safety issues on board ships, ATB’s and/or tugboats.

25 Sep 2014

G E Shipping Acquires a Supramax Bulk Carrier & Sells "Jag Prachi"

The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a 2006-built Supramax Bulk Carrier of about 52,454 dwt. The company had contracted to buy the ship earlier this month. Earlier yesterday the company reported having delivered its 1991 built General Purpose Product Carrier “Jag Prachi” (28,610 dwt) to the buyers on 23rd September, 2014. The company had contracted to sell the ship in August 2014. With the sale of "Jag Prachi" and the inclusion of the Supramax Bulk Carrier, the Company’s current fleet stands at 30 vessels, comprising 21 tankers (8 crude carriers, 11 product tankers, 2 LPG carriers) and 9 dry bulk carriers (1 Capesize, 3 Kamsarmax, 5 Supramax) with an average age of 9.8 years aggregating 2.45 mn dwt.   G E Shipping

09 Sep 2014

Realizing the Promise of Brazil Shipbuilding

If and when Brazil gets its maritime act together, oh what a shipbuilding market force it could be. The modern Brazilian shipbuilding industry was established in the 1960s, induced by a broad and effective governmental policy. The 1960s and 1970s saw the rise of the merchant marine and shipbuilding industry in Brazil. The creation of the “Merchant Marine Fund” and the “Tax for the Merchant Marine Renewal,” in 1958, together with other specific targets set by the government at that time, made investments available to the shipbuilding industry and for the development of the merchant marine in general. Counting on such incentives, new shipyards such as Ishibras and Verolme were built…

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