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

advertise here

Maritime Reporter May 2012 Digital Edition

FREE Maritime Reporter Subscription

Latest Maritime News

Ballast Water Treatment – The Evolution of the Technology Market

Maersk Container Ship Thwarts Pirate Attack in Gulf of Oman

Charleston Receives First Heavy Lifts for Nuclear Plant

Eight Littoral Combat Ships Could be Gulf-based

Five Minutes with Bill Clifford, President, BAE Systems Ship Repair

Maritime Jobs

Mooring Master

Relief Captain for Sightseeing Vessel

HARBOR PLANNING AND ECONOMIC ANALYST

Compliance Manager

Marine Maintenance Technician

News

Disabled Bulker Arrives Safely in Cairns

Bulk carrier 'ID Integrity' operated by Wallem Shipmanagement has arrived under tow in the Australian port of Cairns for engine repairs The ID Integrity lost propulsion power last Friday,

China Against Outside Involvement in Territorial Water Dispute

China opposes Philippines' attempt to draw a third party into the dispute over Huangyen Island China opposes Philippines' decision to draw a third party into the

U.K., Norway, Oppose Harmonised EU Offshore Safety Legislation

British Energy Minister Charles Hendry is backing Norway's Ola Borten Moe in his fight against harmonised EU offshore safety legislation Norway’s oil industry has objected to the EU initiative.

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Sonar

Time taken: 0.0286 sec (35 req/sec)