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

Tanker Trends

NASSCO Lays Keel for Jones Act Tanker Liberty

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a

Strike Idles 38 Oil Tankers at Fos-Lavera

Some 38 oil tankers have been held up at the Fos-Lavera oil port in southern France, the country's biggest, including 25 at harbour, up from 12 the previous day,

EGAS: Egypt to tender for 10 LNG Cargoes

Egypt will tender next week to import 10 cargoes of liquefied natural gas (LNG) for delivery in July and August, an official from the state gas company, EGAS, said on Thursday.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Pipelines Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
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: 0.0492 sec (20 req/sec)