TOP Tankers Announces Delivery of Two Tankers

Thursday, November 10, 2005
TOP Tankers Inc has taken delivery of two double-hull tankers, the M/T Ioannis P, a 46,346 DWT Handymax product tanker, built in 2003 by Hanjin Heavy Industries & Construction Co Ltd of the Republic of Korea, and the Ellen P, a 146,268 DWT tanker, built in 1996 by Harland & Wolff Heavy Industries Ltd, of the United Kingdom. Both vessels have been financed with the Company's cash reserves and secured bank credit lines. The M/T Ioannis P has entered into a five-year profit-sharing employment agreement with Glencore SA, one of the world's largest oil traders. The M/T Ellen P is the second of four Suezmax deliveries for the fourth quarter of 2005, with the remaining two vessels expected to be delivered by the beginning of December 2005. The vessel will immediately enter a back-haul spot voyage at a TCE rate of approximately $60,000 per day.
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

APM Maasvlakte II Terminal Opens

APM Terminals Maasvlakte II held a ceremony  to celebrate the opening of the world’s most automated container terminal.   The  event that was attended by Dutch

MISC Says AET Tankers Unit Not for Sale

MISC Berhad issued a statement today addressing recent market speculation that the company is set to sell its wholly owned petroleum tanker subsidiary AET Tankers.

Strong Tanker Market Extends Peak Season High Earnings

Tanker earnings for crude oil tankers have climbed to new strong levels in the first quarter of 2015, with averages not seen since 2008, the Baltic and International Maritime Council (BIMCO) reported.

 
 
Maritime Contracts Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar 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: 0.2890 sec (3 req/sec)