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Spt Inc News

19 Feb 2016

Teekay Tankers Misses 4Q Profit forecasts

Teekay Tankers Ltd. reported adjusted net income attributable to its shareholders of $48.5 million, or $0.31 per share, for the quarter ended December 31, 2015, compared to $18.6 million, or $0.21 per share, for the same period in the prior year. The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share. The increase is primarily due to stronger spot tanker rates in the fourth quarter of 2015 compared to the same period in the prior year and an increase in fleet size related to the acquisition of 17 modern, mid-size tankers during 2015 and the expansion of the Company's chartered-in tanker portfolio in 2014 and 2015.

27 Apr 2012

SPT Expands Caribbean Ship-to-Ship Oil Transfer Service

Houston based SPT Inc., specialists in ship to ship (STS) transfer (lightering) of crude oil and liquefied natural gas has announced expansion of its STS service for oil majors and traders in the Caribbean. SPT Inc's President Simon Duncan has signed an initial deal with Cayman Island’s Premier Bush to revive crude oil lightering offshore Cayman Brac. This follows new ship to ship transfer capability announced last year in the Bahamas for SPT, building on its permanent ship to ship transfer location in its southern Caribbean base at Aruba. The details of the Cayman arrangements have not yet been finalised, but promise to aid Cayman Brac’s economy with the port benefiting from the additional commerce that visiting ships generate such as replenishment of stores and services.

25 Feb 2009

Photo: Yasa Golden Dadanelles Grounded

In this photo by the U.S. Coast Guard, the 800 ft grounded tank ship Yasa Golden Dardanelles is moored next to the lightering vessel SPT Crusader, Monday, Feb. 23, 2009. The Yasa Golden Dardanelles became grounded 22 miles off the Galveston coast, Friday, Feb. 20, 2009. Lightering operations commenced Monday afternoon in an effort to refloat the tank ship. An estimated 3.5 million gallons of the tank ship's cargo will be offloaded during the lightering procedure. Marine Safety Unit Galveston is working on the response effort with the following organizations: Texas General Land Office…