New Tanker Mothballed, First Since 1980s

Tuesday, September 27, 2011

According to a report from Bloomberg, a shipowner will mothball a newly built tanker for the first time since the 1980s as a glut of the ships erodes earnings. The aframax tanker, capable of carrying about 600,000 barrels of crude, will be sent to a natural harbor in Malaysia,. Wilhelmsen Ship Management will oversee the deactivation.

Source: Bloomberg
 
Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

News

Dutch Partners to Build Artificial Island off Indonesia

Joint venture partners Royal Boskalis Westminster N.V. and Van Oord have been contracted by PT Muara Wisesa Samudra to design and construct an artificial island

West Coast Port Talks Clear Hurdle

Shipping companies and the union for 20,000 dockworkers at nearly 30 U.S. West Coast ports have cleared a major hurdle in their protracted labor talks, clinching

NewLead Holdings Acquire 5 Vessels

NewLead Holdings Ltd. announced today that it recently added five bitumen tanker vessels to its fleet. The Company has expanded its fleet to 10 vessels in less

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction Winch
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: 0.2114 sec (5 req/sec)