Tanker Chartering News

Rising oil tanker chartering rates due to global shipping disruption are forcing oil shippers to take on longer-term shipping charters, executives said this week at an energy conference in Houston.The global oil tanker fleet must now travel further to get crude to refineries and fuel to consumers. European sanctions have forced Russian exporters to send oil to Asia that would have otherwise gone to Europe. Attacks on vessels in the Red Sea have forced some shippers to sail around…

Russia's biggest oil exporter Rosneft has expanded its tanker chartering business to ease oil shipments for buyers amid looming Western sanctions on insurance of Russian oil shipments, three sources familiar with the matter said.Previously, state-controlled Rosneft, which produces more than 40% of Russian oil, would sell its oil at the port of loading, meaning the buyer would have to find tankers and handle freight and insurance costs for the voyage.But with new, tighter Western sanctions looming…

As the ship recycling sector continues to try and adjust to these new lower realities on price, in addition to adhering to new regulations on L/C limits amidst a dire shortage of U.S. Dollars foreign exchange / reserves in both Pakistan and Bangladesh, the industry is certainly going through an uncertain period.This week, the Bangladeshi government introduced new limits to cap the outgoing volume of U.S. Dollars for ‘essential’ purchases only – raising question marks about higher priced vessels for recycling purchases in the foreseeable future.

Erik Lewenhaupt will take over as CEO of Concordia Maritime on January 1, 2022, succeeding Kim Ullman, who informed the Board his wish to step down as CEO and retire.Lewenhaupt has a long track record in tanker shipping. He started his tanker career at Nordström & Thulin in 1996, and was later recruited to Stena Bulk, where he was tanker chartering manager in both Gothenburg and Singapore. His most recent position has been Head of Sustainability at Stena Line, where he has been…

German shipping asset manager MPC Capital has acquired a strategic stake of 50 percent in compatriot tanker chartering company Albis Shipping & Transport.The Hamburg-based asset and investment manager informed that, Albis, led by Kim Moeller, operates a market-leading commercial platform for tankers of various sizes. Albis offers its customers tailor-made solutions for the chartering and operations of tankers.In addition to the technical ship manager Ahrenkiel Tankers, MPC Capital complements its range of services in the tanker segment by acquiring a shareholding in Albis. Following the recent merger between Contchart and Harper Petersen…

Provider of integrated shipping services Clarksons Platou announced that it is planning to acquire Safe Harbour Tanker Chartering, a Connecticut-based shipbrokerage and marine consultancy firm.Safe Harbour Tanker Chartering has been in operation since 1989, and is based in Monroe, Connecticut. They are a well‐established ship broker, with a primary focus on the edible oils sector specialising in veg oil exports from the United States and South America to the wider Americas and European markets.They also have a presence within the biodiesel sector, as well as iso‐tank and flexi bag chartering amongst other activities.The company is led by Jim Weinberg and his team…

This morning CMA announced that Mr. John D. “Jack” Noonan, CEO of Chembulk Tankers, has been named as the CMA Commodore for the year 2017. Noonan joins a presigious list of previous award winners, including Ole Skaarup, Jacob Stolt-Nielsen, George Livanos, Phil Loree, Thomas Moran, Gregory Hadjieleftheriadis, Helmut Sohmen, Gerhard Kurz, William O’Neil, Richard du Moulin, Per Heidenreich, Marc Saverys, Frank Tsao, Stelios Haji-Ioannou, Peter Georgiopoulos, C. Sean Day, Torben Jensen, Morten Arntzen, John Fredriksen, Capt.

Braemar Seascope will add to its shipbroking division by opening a new tanker chartering office in Oslo. Following the recent establishment of a deep sea tanker chartering desk in Houston, the new Oslo office will focus on the specialized tanker sector forming part of Braemar’s existing specialized team of 14 brokers. It will be led by Joachim Hagen-Hansen who will commence broking within the next three months. The office will be opened by Eirik Hagen with effect from May 6.

Braemar Shipping Services plc today issues its interim management statement in relation to the period since the announcement of the interim results on 25 October 2011. Over the past few months activity in the Shipbroking division has increased. The Group has seen good levels of spot chartering business particularly in deep sea tankers and in capesize bulk carriers. The specialised tanker chartering desks are also performing well, having secured long term contract business and good prospects of increasing their transaction volumes in the new financial year, beginning 1 March. Our second hand sale and purchase and demolition business has been more active than in the summer, stimulated by the fall in the value of middle-aged ships in most sectors.

KPI Bridge Oil, a leading global bunker broker and trader has appointed Mr Evandro Cavalli as Bunker Trader in its London office. Evandro, 31, is Brazilian/Italian and has previously worked for several years with one of the international Oil Majors in trading operations and at Blenheim Shipping UK as Chartering and Finance Administrator. Evandro has also obtained a BSc in Economics from Brazil and a Masters in International Trade Law from Italy as well as various Diplomas in Shipping, Tanker Chartering and Oil products from the UK and The Netherlands.

BOSTON, MA and OSLO, Norway – March 30, 2011 –Veson Nautical, the premier provider of maritime commercial management and trading software solutions, today announced that Oslo-based Stenersen Chartering AS, the commercial arm of Rederiet Stenersen AS of Bergen, Norway has purchased Veson Nautical’s IMOS (Integrated Maritime Operations System). Veson Nautical’s IMOS6 software will now manage chartering, operations, and voyage accounting related functions for Stenersen Chartering’s fleet.

It has been about fours months since the deal was sealed for PT Berlian Laju Tanker to acquire  Chembulk Tankers—the 21st Century Chemical Tanker Company, and the vision of the acquisition is being realized. The addition of 19 new chemical tankers, coupled with the strong Chembulk management team, results in an organization that  boasts the third largest stainless steel chemical tanker company in the world. The fleet of 19 includes the Chembulk Kings Point, delivered last month in…

Crowley Maritime Corporation has announced the appointment of Robe Grune to the position of vice president and general manager of Crowley’s newly formed ship Assist and Escort Services based in Seattle. Grune is responsible for profit and loss for the Ships Assist and Escort Services group and reports directly to Tom Crowley, Jr., chairman, president and CEO of Crowley Maritime Corporation. Crowley announced the reorganization of its Crowley Marine Services subsidiary into three distinct operating groups in October, including Energy and Marine Services, Ship Assist and Escort Services and Petroleum Services. With present operations in San Diego…

Crowley Maritime Corporation announced the appointment of Robe Grune to the position of Vice President and General Manager of Crowley's newly formed ship Assist and Escort Services based in Seattle. Grune is responsible for profit and loss for the Ships Assist and Escort Services group and reports directly to Tom Crowley, Jr., chairman, president and CEO of Crowley Maritime Corporation. Crowley announced the reorganization of its Crowley Marine Services subsidiary into three distinct operating groups in October, including Energy and Marine Services, Ship Assist and Escort Services and Petroleum Services. With present operations in San Diego…

A U.S. oil majors' Internet tanker venture is merging with a shipping dot-com in a bid to become the first live online chartering exchange for the industry. SeaLogistics, which is backed by five oil groups, is merging with OneSea Direct, which has several major shipowner investors, to combine their efforts in web-based tanker chartering, the two companies said. SeaLogistics currently involves U.S. oil companies Texaco, Chevron, Koch Industries, L.G. Caltex and Coastal Corp. OneSea includes support from leading shipping companies such as A.P. Moeller, Bergesen, Teekay, I.M. Skaugen, OMI Corp., Osprey, Leif Hoegh, Worldwide, Acomarit, and V.Ships.

Phenomenal is perhaps the only word adequately to describe the rampage of new, integrated e-commerce solutions that have recently swamped the maritime industry. The marine market, which has a solid reputation of following rather than leading technological surges, has gone from "zero to sixty" in record time on the e-commerce front. But while the industry today has a bevy of selections from which to choose — including portals for conducting every transaction conceivable, from fixing cargos to buying bunker fuel, spare parts or a ship's stores — the critical question revolves around not which choices are available today, rather which choices will be available one year from today.

Knightsbridge Tankers, a Nasdaq listed firm that leases five very large crude carriers (VLCCs) to Shell International, said on Tuesday its fourth quarter 2000 dividend would be over three times the average. The deal with Shell guarantees a minimum rate of $22,069 per day for each tanker in poor market conditions but in good market conditions the hire rate is linked to the spot market rate. "The spot market related rate for the fourth quarter of 2000 exceeds the guaranteed minimum rate by $45,576 per vessel per day," Knightsbridge said in a statement. The fourth quarter of 2000 saw an unprecedented high in tanker earnings on the strength of increased OPEC output and strict tanker chartering policies.

Andersen, Peter Bartleet, and Richard Harmsworth. shipping career in New York before moving to Galbraith's in 1999. on the crude oil sector and in particular on VLCC and Suezmax trades. Galbraith's worldwide reach. desk, working alongside head of S&P Neil Rokison. broking industry experience spanning both tanker chartering and S&P. Monaco markets, having lived in Monaco for many years. experience. He is a Fellow of the Institute of Chartered Shipbrokers. shipbroking company. and period trades for a variety of vessel sizes. competitors in their respective markets. energy will add significant value to the company.

Age limits being imposed on tanker chartering by oil companies do not address the use of ships like the Erika, which broke up off France in December, shipping industry sources said. Companies are opting not to use large vessels, above either 80,000 or 100,000 dwt, more than 20 years old unless they have extra safety certificates. However, the age limit is higher for smaller tankers - at 25 years - partly because there are not enough newer ships. As a result, the restrictions might not stop oil companies using vessels like the 25-year-old 37,283 dwt Erika, sources said. Additionally, oil traders and tanker brokers warned that the cautious approach might fade once the public outcry over the Erika had died down.

Increased secrecy in the tanker chartering market may be pushing rates lower, even though many brokers and owners like the idea of doing private business. Always a secretive business where only a proportion of trading was made public, more tanker chartering is being done directly through a single broker rather than put out to tender, according to shipping sources. But ship owners and some brokers say charterers are able to dictate rates because they have more information about cargo and ship availability and can influence the perception of supply and demand. Despite this, most tanker brokers generally prefer private business even if it means they cannot compete for some cargoes.

BIMCO will hold its one-day Towards Better Decisions course on September 30 in New York, focusing on tanker voyage charter parties. Entitled Seminar and Workshops on Laytime and Demurrage Under Tanker Voyage Charter Parties, the course will feature industry experts who are ready to guide participants in their search for upgraded knowledge of these parties. Topics discussed will include specific details of common problems in tanker chartering and operations – as well as their solutions. Commencement of laytime, berth congestion and statements of fact are also included in the seminar. For further information contact BIMCO at: 161 Bagsvaerdvej, 2880 Bagsvaerd, Denmark, tel: 45 4444 4500; fax: 45 4444 4450, , www.bimco.dk

Increased secrecy in the tanker chartering market may be pushing rates lower, even though many brokers and owners like the idea of doing private business. Although it has always been a secretive business where only a portion of trading was made public, shipping sources say more and more tanker chartering is being done directly through a single broker rather than being put out to tender. However, ship owners and some brokers say charterers are able to dictate rates because they have more information about cargo and ship availability and can influence the perception of supply and demand. Despite this, most tanker brokers generally prefer private business even if it means they cannot compete for some cargoes.

INTERTANKO has appointed Bill Box as Managing Editor for the Association. Bill Box (49) joins INTERTANKO after a long career within shipping and the trade press. Bill started his career in 1973 when he joined the Pomme shipping agency in Port de Bouc in France, where, over a period of four years, he spent time learning about the industry at the sharp end. He later gained experience in S&P broking, tanker chartering and scheduling with companies such as H. Clarkson, Marathon Oil, Gulf Shipping, Troodos and Teekay Shipping. This was then followed by 12 years of journalism with Seatrade and Seatrends. INTERTANKO’s Managing Director Dr. “We have known Bill for many years and are delighted to have secured his services as Managing Editor.