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. Palmer previously served as CEO of the International Product Carriers Pool and as senior executive with Stolt-Nielsen.
STX Shipbuilding delivered the new product tanker, SKF Neva, to Sovcomflot JSÑ. The first product tanker of the series, the keel was laid on May 30, 2006. The 600 x 106 ft.-tanker is 46.520 tons dwt. The tanker, to be deployed from Primorje, including Vladivostok, to the ports of the South-East Asia, will transport crude oil, oil products, vegetable oils and coal oils. Source: SeaNews
Nippon Yusen KK, Japan's biggest shipping company, has upwardly revised its plan to expand its fleet of liquefied natural gas (LNG) tankers, a major Japanese financial paper reported Wednesday. Nippon Yusen's initial business plan called for it to either own or have invested in the construction of about 60 such tankers by fiscal 2010. It has now raised that figure to roughly 80-100 tankers, the Nikkei Shimbun said.
Global tanker freight rates may be depressed for several more years as a stream of new vessels hit the market and shipowners refrain from scrapping older ships. However, a recovery is likely toward the end of the decade as more single-hulled tankers are taken off the market to meet regulations for safer ships. Tanker rates jumped to record highs in 2004 as a surge in oil trading and demand strained available fleet supply
Heidmar Inc. announced that Mercator Lines Limited of India China Shipping Development and Conti Reederei of Germany will be joining the Sigma Tankers pool and that Emirates Trading Agency of Dubai an existing member of both Sigma and the Heidmar managed Dorado Tankers pool, will be entering two more vessels into Sigma Tankers. Mercator and China Shipping, also members of the Dorado Tankers pool, will enter one vessel each into Sigma Tankers
Panama Canal: Deadlines and Interim Procedures for the Definitive Phase-out of Single Hull Oil Tankers Issued Conscious of its responsibility to safeguard its waterway, the Panama Canal Authority (ACP) has determined that effective December 31, 2012, single hull (single side/single bottom, single side/double bottom, or double side/single bottom) oil tankers of 600 tons deadweight and over but below 5,000 tons deadweight will no longer be allowed to transit the Panama Canal if loaded with
Oil product tanker company Omega Navigation Enterprises Inc. aims to double its fleet within three years on rising demand for refined product shipments, the company said. With limited growth in oil refinery capacity in the United States and western Europe, growing volumes of refined products are being shipped to these markets by tanker from refineries around the world. Piraeus, Greece-based Omega recently ordered two tankers, which will boost its fleet to eight vessels
Stolt-Nielsen S.A. (Oslo Børs: SNI) said its wholly owned subsidiary Stolt Tankers B.V. received a full refund of $84.5 million plus accrued interest, as part of an early termination agreement with SLS Shipbuilding Co. Ltd. (SLS) of South Korea to cancel newbuilding contracts for two 43,000 dwt stainless steel parcel tankers. The refund was for progress payments made by Stolt Tankers on the two ships, which were ordered in 2006 as part of a series of eight parcel tankers to be
Operators Dynacom Tanker Management report their motor tanker 'Smyrni' hijacked by pirates in the Arabian Sea At approximately 1115 UTC on 10 May, 2012, an oil tanker managed by Dynacom Tankers Management Ltd. was reported hijacked while it was transiting the Arabian Sea. The Liberian-flagged Tanker, the M/T SMYRNI, is carrying a cargo of 135,000 MT of crude oil. The operators say that no communications have been received from the ship since the ship was boarded.
NEW YORK - The Coast Guard is responding to a report of a motor tanker running aground on the Hudson River near Stuyvesant, N.Y. Coast Guard Sector New York was notified just after 9 a.m. that the 600-ft.motor tanker, Stena Primorsk, ran aground after it reportedly lost steering while transiting from Albany, N.Y. via the Hudson River, carrying light crude oil. The tanker is currently at anchor nearby Stuyvesant Anchorage
Providing Tugs For the Intricate Escort Regulations Of SF Bay Responding to the oil spills of the Exxon Valdez in 1989 and the American Trader in 1990, California enacted the Lempert-Keene-Seastrand Oil Spill Prevention and Response Act (OPA 90)
At the end of April, 2013 in Korea, MAN Diesel & Turbo’s latest G-type engine passed its Type Approval Test at HHI-EMD, the engine and machinery division of Hyundai Heavy Industries. The ultra-long-stroke G60ME-C9 engine went through its paces under the watchful eye of many interested
Marine electronics specialist Maris AS has completed an ECDIS (electronic chart data information systems) technical training program to enhance support services covering North America and the Caribbean. The initiative is part of its commitment to the global distribution and service agreement with
All are welcome to visit the Tanker Mary A. Whalen on Pier 11, Atlantic Basin, Red Hook, Brooklyn on Tuesday, May 21. Our short stay in Atlantic Basin, in Red Hook for National Maritime Historical Society makes the ship available on her 75th birthday
The Suez Canal Authority (SCA) raises toll fees by 5% for oil tankers & petrochemical products, 2% for container ships & car carriers effective 1, May 2013. News of the latest rise in tolls follows last year's SCA increase of a 3% rise for all ships passing through the canal
Seacor Holdings Inc. (SEACOR) announced that it has executed an agreement with Hyundai Heavy Industries Co., Ltd. (HHI), through a subsidiary of SEACOR Ocean Transport Inc., for the construction of two Liquefied Petroleum Gas tankers (Very Large Gas Carriers
The SHIPPINGInsight producers announced that the agenda for the 2013 Fleet Optimization Conference has been finalized. Now in its second year, the 2013 SHIPPINGInsight Conference addresses the challenges, solutions, technologies and best practices for improving efficiency in ship and
Blue Star Line Chairman, Professor Clive Palmer, appoints V.Ships Leisure as ship management services partner for his Titanic II project. According to the Blue Star Line's press release, V.Ships Leisure is the world’s largest supplier of management and outsourcing services to the maritime
Odfjell published their first quarter 2013 results, reporting EBITDA of $27 million which they said reflects a slightly better chemical tanker market and higher terminal earnings. Time charter results up 8% compared to last quarter. Odfjell said the chemical tanker market improved slightly the
Algoma Central Corporation (Algoma) wins in its dispute with a Chinese shipyard at a London, UK, Arbitration Tribunal. The tribunal heard the shipbuilding contract dispute involving Algoma Tankers International Inc., a wholly owned subsidiary of Algoma Central Corporation, and found in its favour
In the first quarter of 2013, TORM realized a positive EBITDA of $36 million and a loss before tax of $16 million. “The seasonally strong first quarter in the product tanker segment was the best we have seen since the beginning of the financial crisis
The first Iran-built Aframax oil tanker ship is complete and the vessel will be ready soon for delivery to Venezuela. The 113,000 dwt vessel has been built by Iran Marine Industrial Company, an affiliate of Sadra group of companies, and is 250 meters long, 44 meters wide, 21 meters high
During the first quarter of 2013, NAT acquired another Suezmax tanker, built to top specifications and launched this year. We expect the ship to be delivered to us by June 15, bringing our total fleet to 21 ships. In April, NAT completed an equity offering, with net proceeds of $102.2 million
Ultra-long-stroke units play leading role in major Teekay fuel-efficient tanker project. STX Offshore & Shipbuilding announced on April 8, 2013 that it had signed a contract to build four 113,000-dwt Long Range 2 (LR2) product tankers for Teekay Tankers Ltd
Warsash Maritime Academy will welcome the eighth scaled ship model to its fleet in May 2013. It will be the first container ship to join the existing fleet at Southampton Solent University’s Ship Handling Center when it is officially launched at a special ceremony.