Seabulk,Tesoro Extend Tanker Deal

Tuesday, October 22, 2002
Seabulk International, Inc. announced the extension of time charters with Tesoro Maritime Company on two of its U.S.- flag double-hull tankers through July 2010. Operated by the Company's marine transportation subsidiary, Seabulk Tankers, the 46,000-ton Seabulk Arctic began her original Tesoro charter in the summer of 2000, followed by her sister ship, the Seabulk Pride, in the summer of 2001. The two state-of-the- art vessels provide petroleum transport service for three refineries owned and operated by Tesoro in Nikiski, Alaska on Cook Inlet; Anacortes, Washington on the Puget Sound, and at Kapolei, Hawaii. L. Stephen Willrich, president of Seabulk Tankers, noted that, "Seabulk's two double-hull vessels have performed well for Tesoro and, by extending their time charters, we ensure continuing reliable services that provide maximum safety and environmental protection in sensitive Pacific coastal waters. With no age restriction under OPA 90, our double-hulls present a tremendous advantage to customers." Gerhard E. Kurz, chairman, president and chief executive officer of parent company Seabulk International, added, "These contract extensions are part of strategy of ensuring a reliable long-term source of future earnings. In line with this approach, six of our tankers are currently employed under time charters of a year or more, while a seventh is contracted out under a bareboat charter to a major oil company through January 2012."
Maritime Reporter August 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Kurdish Crude Oil Tankships: End-Game Still in Doubt

After a legal show-down in Texas this week, the outlook for a handful of tankers holding some $300 million worth of Kurdish oil is not looking good. Seemingly

Korea Shipbuilder Wins US$400-M Greek Order

Daewoo Shipbuilding & Marine Engineering Co., South Korea’s second-largest shipbuilder, says it has signed a contract to build 4 tankships for Maran Tankers Management,

US DOE Approves Oregon LNG Export Project

The U.S. Energy Department said on Thursday it has approved Oregon LNG to export liquefied natural gas, as the Obama administration works through applications to

Finance

SEACOR Holdings Announces Q2 Results

SEACOR Holdings Inc. has announced its results for its second quarter ended June 30, 2014. For the quarter ended June 30, 2014, net income attributable to SEACOR Holdings Inc.

Asia-N.Europe Container Freight Rates Jump 21%

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped 21 percent to $1,455 per 20-foot container (TEU) in the week ended on Friday,

Dan-Bunkering Restructures for Expansion

Bunker trading company A/S Dan-Bunkering Ltd. introduced a new organizational structure effective August 1, 2014. The company said the move was made to maintain its position,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1823 sec (5 req/sec)