TotalFinaElf Adamantly Denies VLCC Sale Block

Monday, August 20, 2001
TotalFinaElf denied reports on Friday it had blocked the sale of a VLCC it charters from Norwegian tanker operator Bergesen to three members of the Tankers International alliance.

Both Bergesen and Frontline had told the Oslo Stock Exchange that the oil major had vetoed the $78 million sale of the Berge Tokyo complete with its longterm charter. The buyers were Frontline, OSG and Euronav.

"We never indicated that the deal should be cancelled," said a TotalFinaElf spokesman. "We've asked for some guarantees, but have had no news from them. I don't think cancelled and frozen mean the same thing," he added.

The rumor that Bergesen could terminate the "evergreen contract" to TotalFinaElf next year has been reverberating around the tanker broking market all day.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

As Market Sours, LPG Tankers Anchor off Singapore

Record U.S. LPG exports to Asia flip market into a glut. Last year, liquefied petroleum gas (LPG) supplied to Asia was being snapped up by petrochemical makers.

Navig8 Acquires Chemical Tanker from STX

Navig8 Chemical Tankers Inc (the “Company”) (N-OTC: CHEMS), an international shipping company focused on the transportation of chemicals, today announced that it

Turkey’s Role for the Tanker Market

Even though the coup attempt in Turkey  failed and the transportation situation normalized quickly thereafter, Poten & Partners take a look at the importance of Turkey to the tanker market.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | 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: 0.0840 sec (12 req/sec)