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Large Crude Oil Tankers News

14 Nov 2023

KOTUG Bolsters Guyana Fleet with Three Offshore Terminal Tugs

Credit: Kotug

KOTUG said Tuesday it had, via its Guyanese subsidiary KOTUG Guyana strengthened its position in Guyana with the arrival of three additional Offshore Terminal Tugs to support ExxonMobil Guyana’s offshore operations.With the arrival of KOTUG-owned ‘SD Grace’, ‘Seaways 20’ and ‘Seaways 22’, KOTUG will operate a total of five offshore terminal tugs in Guyana.The vessels predominantly provide support (“tanker lifting operations”) to the large crude oil tankers that are loading crude oil from ExxonMobil's producing FPSOs in the Stabroek field…

04 Jan 2023

Future Fuels: 275 Altenative Fuel Ships Ordered in 2022

MAN ES will start testing its ammonia fueled engine in Q1 2023, and on Maritime Reporter & Engineering News' recent visit to
the MAN ES R&D center in Copenhagen, Bjarne Foldager, Senior Vice President, head of two stroke business at MAN ES, said he
sees a rapid uptake on methnol in the coming years, with 2035 anticipated as a 'tipping point' toward ammonia. Photo of
the MAN ES ammonia engine. Look for the full report in the January 2023 edition of Maritime Reporter & Engineering News. Im

The total number of ships with alternative fuels ordered in 2022 was 275 (excluding battery operated vessels), according to  numbers released today from DNV viat its Alternative Fuels Insight report.In addition, more than 50 LPG carriers have been ordered with LPG dual fuel systems. Predictably, LNG led the way with 222 ships or 81 % of total orders. Seventy-four percent of these orders were for container vessels and Pure Car and Truck Carriers (PCTCs), while product tankers came in third representing 9 % of orders.

09 Apr 2021

Sanmar Delivers Two Line-handling Pusher Crafts to Scottish Operator

(Photo: Sanmar)

Turkey-based Sanmar Shipyards delivered two line-handling pusher crafts to Scotland-based Targe Towing for operations at the Hound Point oil export terminal on the Firth of Forth.Targe has provided services for Ineos at Hound Point, Scotland’s largest oil export terminal, for almost 30 years and the main task of the new additions to its fleet will be line handling operations assisting the berthing of large crude oil tankers up to VLCC. They will also support pollution response…

05 May 2017

Crude Oil Tanker Demolition Bucking the Trend -BIMCO

© katiekk2 / Adobe Stock

Four very large crude carriers (VLCC) have been sold for demolition since October 2016, matching the number of VLCCs sold for demolition in the preceding two years, according to BIMCO. Most recently the 1999-built double-hull VLCC with the framing name Good News returned $15.5 million to the ship owner, as demolition prices have reached levels not seen since first half of 2015 ($400 per ltd). “January struck an upbeat tone for demolition in all sectors, but the overall pace of fleet renewal, via demolition, has slowed down since then,” said BIMCO’s Chief Shipping Analyst Peter Sand.

01 May 2015

Booming VLCC Rates Pull Euronav Up

Euronav delivered its best operating profit in seven years, with a 182 percent improvement, and a USD 80.8 million net profit, thanks to the 15 VLCC supertankers the company acquired from Maersk. Core profit rose 180 percent in the first quarter to $131.3 million. The spot rates for the large crude oil tankers, which increased in the first three months of the year to about USD 50,000 on average per day compared to USD 32,000 in the most recent and final quarter of 2014, also helped the company. Meanwhile, the development for all of 2015 looks to be solid for Euronav. Since the end of March, the spot rates for VLCCs have accelerated further to about USD 70,000 a day in contrast to an otherwise historically weak second quarter in the tanker market.

09 Sep 2014

DHT Holdings to Acquire Samco Shipholding

Photo: Samco Shipholding

DHT Holdings, Inc. announced today that it has entered into an agreement to acquire all the outstanding shares of Samco Shipholding Pte. Ltd., a private company incorporated under the laws of the Republic of Singapore. Samco owns and operates a fleet of seven very large crude oil tankers (VLCCs) with an average age of approximately 4.5 years. Five of the vessels are currently on time charters to oil majors. Included in the transaction is Samco's 50% ownership in Goodwood Ship Management Pte. Ltd., a private ship management company incorporated under the laws of the Republic of Singapore.

29 Aug 2014

Stena, Sonangol Launch Training Facility in Angola

Cadets at the Maritime Training Center

The Centro De Formação Maritima De Angola (CFMA) was officially launched on August 27 by top management from Sonangol, the Angolan public sector energy company and the Stena Group of Sweden. The CFMA is a world class maritime training facility, the first of its kind in Angola and the most modern maritime campus in Africa. The campus will be an internationally recognized center of excellence, linked through Stena to leading maritime institutions in Europe and Asia in order to deliver marine education…

10 Jul 2000

Ship Channel Opening Attempt Fails

The U.S. Coast Guard failed in its weekend attempt to reopen the Lake Charles, Louisiana, ship channel to all ships including large crude oil tankers, a spokesman said. The Coast Guard will now dismantle the sunken dry dock that has since mid-June stopped crude tankers getting to two big Gulf Coast refineries served by the channel. Work will start on Wednesday and take three to four weeks. Currently large crude vessels still cannot get to Conoco Inc.'s 243,000 bpd Lake Charles plant and Venezuelan-owned Citgo Corp.'s 310,000 bpd plant, the spokesman said.

07 Jul 2000

Ship Channel Set To Open Saturday

The U.S. Coast Guard will attempt to reopen the Lake Charles, Louisiana, ship channel to all ships including large crude oil tankers on Saturday, a spokesman said. The Coast Guard will attempt to refloat the sunken dry dock that has since mid-June stopped crude tankers getting to two big Gulf Coast refineries served by the channel. An initial refloat attempt was set for July 3, but work was delayed by mechanical problems. All shipping will be stopped through the channel early on Saturday morning to allow work to go ahead. Currently large crude vessels still cannot get to Conoco Inc.'s 243,000 bpd Lake Charles plant and Citgo Corp.'s 310,000 bpd plant, the spokesman said.

18 Aug 2000

Sunken Drydock Removed From Ship Channel

The U.S. Coast Guard has removed the sunken drydock that has been blocking the Lake Charles, Louisiana, ship channel to large crude oil tankers, a spokesman said. "All sections of the sunken drydock have been removed from the Calcasieu River," the spokesman said. "The Army Corps of Engineers is conducting surveys to determine the need for additional dredging to return the channel to its project depth," he added. Until complete restoration of the channel, the Lake Charles pilots will be evaluating the navigable channel to determine beam and draft restrictions for safe passage, it added. The sunken dry dock had since mid-June stopped crude tankers getting to Conoco Inc.'s 243,000 bpd Lake Charles plant and Venezuelan-owned Citgo Corp.'s 310,000 bpd plant.

05 Jun 2003

NOx Emissions from Merchant Ships

Pollutant emissions produced by the global merchant fleet has always been suggested to represent a considerable contribution to anthropogenic emissions, with nitrogen and sulfur compounds being currently in the focus of public's interest. Emissions such as nitrogen oxides, NOx (the sum of NO and NO2) lead to enhanced tropospheric ozone formation over their natural background level and thus affect the greenhouse warming. A considerable portion of ship emissions is released far off the continents — in clean areas of the atmosphere. This particularly effects the southern hemisphere with its natural low emission level. So far, all earlier…