Subsidiaries of ExxonMobil, Onassis Group, Goulandris Group Launch Double-hull Tanker

Wednesday, November 15, 2000
Exxon Mobil Corp. announced that M/T Kestrel, a new double-hull very large crude oil carrier (VLCC), was delivered for leasing to a Trust established by Marcare Shipping Co., a joint shipping venture among subsidiaries of ExxonMobil, the Onassis Group and Petros J. Goulandris Sons Group. Kestrel, the second of two sister vessels to be leased to the Marcare Trust, will be chartered by International Marine Transportation Limited (IMT), a subsidiary of Exxon Mobil Corporation based in the UK.

Kestrel's sister ship, the M/T Hawk, was delivered for leasing on August 25, 2000.

The joint venture, in which all three partners hold an equal share, was formed in December 1998. Kestrel was built by Hyundai Heavy Industries and delivered at a naming ceremony today at Hyundai's Ulsan, Korea shipyard.

The 307,000 dwt Kestrel is 1,100 x 190 x 206 ft. (335 x 58 x 63 m) from keel to masthead and can carry a cargo of 2.25 million barrels of crude oil worldwide.

The ship's design, construction and capabilities exceed even the stringent tanker safety standards set out in the U.S. Oil Pollution Act of 1990 and the International Maritime Organization rules. Kestrel is equipped with such state-of-the-art facilities as automatic bridge controls for main propulsion systems, automated machinery and cargo systems, onboard electronic charts with remote instant updates, and environmentally safe emission systems.

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

EU Regs on Ship CO2 Reporting Complicates IMO Agreement

ICS Concerned that EU will Preempt IMO CO2 Negotiations.   The global trade association for shipowners – the International Chamber of Shipping (ICS) – is disappointed

Asia VLCC Rates Could Could Climb Even More

Owners see rates climb by nearly $22,000 per day; Rates could peak as more tonnage comes free. Rates for very large crude carriers (VLCCs) on key Asian routes

New Players in Singapore Markets in OW's Absence

The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share

Legal

EU Regs on Ship CO2 Reporting Complicates IMO Agreement

ICS Concerned that EU will Preempt IMO CO2 Negotiations.   The global trade association for shipowners – the International Chamber of Shipping (ICS) – is disappointed

New Players in Singapore Markets in OW's Absence

The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share

Japan Military Wants China "Crisis Management" Pact

Japan's highest-ranking military officer on Friday urged an early start to a "crisis management" mechanism with China amid conflicting claims to a group of tiny East China Sea islands.

 
 
Maritime Contracts Maritime Security Naval Architecture Offshore Oil Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.1172 sec (9 req/sec)