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Stainless Steel Vessels News

13 Nov 2023

Odfjell Announces Deals to Add Six Newbuilds

(File photo: Hudong-Zhonghua Shipyard)

Norwegian shipping company Odfjell SE announced it is expanding its fleet with six newbuildings through a combination of long-term time charter and pool agreements with Japanese shipowners and shipyards.This increases the total to twelve 25,000 - 40,000 dwt stainless steel vessels to be delivered on long-term time charters and pool agreements between 2024 and 2027.The series of newbuildings will be built at multiple shipyards in Japan and are scheduled to be delivered from 1H2026 to 1H2027.

15 Nov 2019

Team Tankers Sells Two Ships

Bermuda-based global shipping company Team Tankers International finalized the sale of the last two of its five older medium range (MR) tankers.Team Tankers has managed to free up a funds for new investments after divesting MR tankers, said CEO Hans Feringa.Feringa said: “We finalized the sale of the last two of our five older MRs at attractive levels, concentrating our efforts on our younger, more sophisticated, deep sea assets. With the sale of the older MRs and certain intermediate ships, we have freed up capital for investment activity and positioned ourselves for 2020 with a more focused deep sea fleet. ""The divested asset prices in this quarter are at price levels well above what is implied by the 3rd quarter traded share prices, further proving value for our shareholders.

09 May 2017

Demand for Chemical Tanker Fleet Looks Up

Demand for methanol and vegoil will moderately support global seaborne trade causing the shipping fleet trading in chemicals and vegoils to expand, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry. A press release from Drewry said that the orderbook contains 144 stainless steel vessels totalling 3.4 mdwt for delivery by 2020, almost 22% of the existing capacity for such vessels; 63 of these vessels are in the size range of 25,000-40,000 dwt, while in the existing fully stainless steel fleet, there are 143 vessels in the size of 25,000-40,000 dwt category. These large vessels are meant to be employed in the pure chemical trade.

21 Jan 2013

EDCIS Order: Transas to Supply Twenty-Eight Ships

Eitzen Tankship: Photo courtesy of Eitzen Chemical

Transas Marine Denmark contracted by A/S to supply & install 28 Navi-Sailor 4000 Multifunction Display Dual ECDIS units. Transas is also to upgrade another six Eitzen Chemical vessels to the latest hardware and software ECDIS standards over the next two years. The package for each vessel includes 2 x 26" Hatteland monitors, RS6B computers, radar overlay and Firewall enabling a direct connection between the vessel's satellite communication equipment and the Transas ECDIS. After the installations, all vessels will run the unique "Pay As You Sail" chart concept from Transas.

17 Aug 2011

Odfjell SE, Crystal Pool Form Joint Venture

Odfjell announced the formation of Odfjell Euroceanica As, a 50/50 Joint Venture between Odfjell SE and Euroceanica Ltd. The J/V will trade all vessels currently operated by Crystal Pool and Odfjell Europe in the European short sea market. The new Crystal Pool set-up will open up for possibilities to offer combined services from Baltic to and from the Mediterranean, and give extensive world-wide coverage via the global presence and services of Odfjell Tankers. Existing contracts and commitments with all respective customers will remain unchanged. The new J/V looks forward to starting renewal dialogues of existing contracts as well as discussing new contracts and commitments for 2012 and beyond.

15 Aug 2011

Dongfang Shipbuiliding Shares to Trade

According to a report on www.rttnews.com, Dongfang Shipbuilding Company Limited intends to seek admission of its shares to trading on the AIM market of the London Stock Exchange. Dealings are expected to commence on AIM on 18 August 2011. Dongfang diversified into shipping, owning and operating six 9,000 dwt chemical tankers and one 9,200 dwt chemical tanker, out of Singapore and Hong Kong. The Group currently has about 530 full time employees across the two businesses. The Group has recently moved into the production of 3,200 DWT chemical stainless steel vessels. The shipbuilding order book as at June 30, 2011, according to the report on RTT News, amounted to around $89m. The contracted delivery dates of new vessels and those under construction are between August 2011 and January 2014.

04 Mar 2011

Nordic Tankers Carries Out a Directed Share Issue To Former Minority Investors in Five Chemical Tankers

Nordic Tankers has today carried out a directed issue of 1,181,809 new shares to former minority investors in the five stainless steel vessels acquired from Clipper and other investors in January 2010. The issue increases Nordic Tankers’ share capital by 3.1% from DKK 37,764,888, nominal value, to DKK 38,946,697, nominal value, and as the share issue constitutes less than 10% of the outstanding share capital no prospectus is required. The share issue is based on a partial utilization…