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

Tanker Trends

Knightsbridge, Frontline to Form US Capesize Company

Knightsbridge Tankers Limited and Frontline 2012 Ltd. have announced an agreement to combine Frontline 2012's remaining fleet of 25 fuel efficient vessels with Knightsbridge.

Petroecuador Tenders to Buy High Octane Naphtha

State-run Petroecuador has launched two tenders to buy a total of 22 cargoes, 240,000 barrels each, of high octane naphtha RON 87 and 93 for delivery starting on May 21-23,

Fredriksen Joins Rival for New Capesize Firm

Shipping tycoon John Fredriksen is joining one of its shipping firms with rival Knighsbridge Tankers Ltd to create the largest U.S. listed Capesize firm, which

 
 
Maritime Contracts Maritime Standards Naval Architecture Pod Propulsion Salvage Ship Repair Ship Simulators 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: 0.1044 sec (10 req/sec)