Chemical Tanker News

19 Apr 2019

AET Tankers Conduct Maiden LNG Bunkering

Pic: AET Tankers Pte Ltd

First dual-fuel sister Aframaxes owned by AET, a unit of the Malaysian shipping giant MISC, have completed their maiden ship-to-ship (STS) LNG bunkering.The petroleum and chemical tanker owner announced in a press release that Eagle Brasilia and Eagle Bintulu have successfully completed their STS LNG bunkering at the Port of Rotterdam (POR).The latest in AET’s eco-friendly innovation towards a sustainable industry solution that meets IMO’s 2050 goal, this is their first call to…

08 Apr 2019

Tsuneishi Delivers First LRI Tanker

Image: Tsuneishi Shipbuilding Co

Tsuneishi Shipbuilding Co, ship repair and manufacturing company in Japan, has delivered its first long-range-one (LRI) (77,000 DWT) Product/Chemical Tanker."This first ship was constructed at Tsuineishi Group (Zhoushan) Shipbuilding, Inc., the Group’s shipbuilding site in China," said a press statement.The new LRI Product/Chemical Tanker was built to address the rising global demand for petroleum and chemical products.It fulfills the requirements of MR Product/Chemical Tankers that are used mainly to transport such products…

17 Mar 2019

Top Ships Adds Tanker to Fleet

Pic: Top Ships

Top Ships Inc, which owns and operates tanker vessels worldwide, said that it took delivery of the 50,000 dwt newbuilding product/chemical tanker M/T Eco Marina Del Ray.According to the international owner and operator of modern, fuel efficient "ECO" tanker vessels currently focusing on the transportation of petroleum products, Eco Marina Del Ray is constructed at the Hyundai Mipo shipyard in South Korea.The Greece-based company also said that the vessel is scheduled to commence its five-year charter employment with Cargill on March 18…

12 Mar 2019

HazSub Spill Response Plans

© VanderWolf Images/AdobeStock

On August 18, 1990, the Oil Pollution Act of 1990 (OPA 90) was enacted into law. Section 4202 of that Act amended the Federal Water Pollution Control Act (FWPCA or Clean Water Act) to require tank vessels and marine transportation-related facilities to prepare and submit to the US Coast Guard plans for responding, to the maximum extent practicable, to a worse case discharge, and to a substantial threat of such a discharge, of oil or a hazardous substance carried in bulk as cargo.

28 Feb 2019

Lessons Learned: the Bow Mariner Sinking

A crew from the Coast Guard Cutter Shearwater approaches a capsized lifeboat from the Bow Mariner. U.S. COAST GUARD PHOTO

The 570-foot Singapore-flagged chemical & oil tanker Bow Mariner sank 15 years ago when the ship caught fire and sustained two explosions, resulting in the deaths of 21 out of 27 crew members, 45-miles off the coast of Virginia, Feb. 28, 2004.The vessel was transporting over three million gallons of ethyl alcohol on a voyage from New York to Texas. It had previously carried methyl tert-butyl ether, MTBE, in its other 22 cargo tanks that were discharged in New York.The cause of…

08 Jan 2019

Japan's MOL Acquires Nordic Tankers

Pic: Nordic Tankers

Japanese shipping giant MOL's Chemical Tankers unit has agreed to take full control of Triton-owned Nordic Tankers. The deal expected to close in February 2019.Denmark-based Nordic Tankers said in a press release that its current sole shareholder Triton agreed to sell and deliver 100% of shares to MOL Chemical Tankers (MOLCT) and MOLCT buys and takes delivery of 100% of shares of NT from Triton, in each case together with all rights attached to them on and with effect from the…

01 Jan 2019

NYK Gets Green Loan for Methanol-Fueled Chemical Tanker

Pic: NYK Line

Japanese shipping giant Nippon Yusen Kabushiki Kaisha (NYK)  has secured a green loan of JPY 2 billion (USD 18.04 million) to finance the construction of its first methanol-fueled chemical tanker set for delivery in 2019."A green loan is a loan whose proceeds are used solely for the purpose of funding environment-friendly projects. NYK will continue to take steps for the development and use of technology linked to environmental performance by proactively promoting green finance, said a press release from the company.This green loan has been certified by Japan Credit Rating Agency Ltd.

18 Dec 2018

Ardmore Shipping Appoints Curtis McWilliams as Chairman

(L-R) Reginald Jones and Curtis McWilliams. Photo: Ardmore Shipping

The US-based chemical tanker company  Ardmore Shipping Corporation announced that Reginald L. Jones is stepping down as Chairman of the Board of Directors of the Company effective December 31, 2018. Curtis McWilliams has been appointed as Chairman of the Board effective January 1, 2019, said a stock exchange announcement from the company.Jones will remain as a director until the Company's annual general meeting in 2019, when he does not intend to stand for re-election. He is a co-founder and Managing Partner of Greenbriar Equity Group LLC…

17 Dec 2018

Danish Compatriots Test Emissions Monitoring Solution

Image: Nordic Tankers

Danish shipping company Nordic Tankers, Dania Ship Management and Danfoss IXA have been cooperating on testing new innovative technology for monitoring emissions on an ongoing basis.The chemical tanker company hailed that the result is a front runner solution to ensure global enforcement of the IMO’s requirements for sulphur emissions way before any legislation is pushed through.“The sensor equipment from Danfoss IXA is an innovative piece of technology that enables ship owners to continuously prove compliance with the IMO’s requirements for sulphur emissions.

04 Dec 2018

Avic Dingheng Shipyard Delivers LNG Vessel to Sirius Shipping

Image: Sirius Shipping

Swedish shipping company Sirius Shipping Sirius Shipping has taken delivery of its first 7999-dwt LNG-ready oil/chemical tanker Saturnus from the Avic  Dingheng Shipyard  in China.The Backman family- founded company said in a press release that the work to develop the Evolution concept started six years ago with the purpose to develop a vessel design where the entire underwater body, hull, rudder and propeller would be designed and chosen to obtain the best possible hydrodynamic…

09 Nov 2018

Odfjell: Chemical Tanker Market Remains Stable

Photo Credit:  Odfjell

Odfjell SE has reported its results for Third Quarter 2018. The results reflect a stable chemical tanker market and stable underlying results from Odfjell Terminals when adjusting for the Rotterdam terminal.Odfjell SE reports EBITDA of USD 32 million compared with USD 37 million in the previous quarter.Highlights for the third quarter of 2018:• EBITDA of USD 27 million from Odfjell Tankers compared to USD 28 million in second quarter• ODFIX was down 2.0% for the quarter compared…

06 Nov 2018

TOP Ships Signs New TC with BP

Image: TOP Ships

Greece-based ship-owning company TOP Ships announced that it has agreed a new time charter employment contract for 2 years with BP Shipping Ltd for its product/chemical tanker M/T Eco Revolution.The international owner and operator of modern, fuel efficient “ECO” tanker vessels currently focusing on the transportation of crude oil and petroleum products, said in a press release that the new time charter will commence in January 2019 immediately after the expiry of the present…

06 Nov 2018

Ardmore Shipping Adds SEDNA Platform

Image: Ardmore Shipping

Product and chemical tanker operator Ardmore Shipping has chosen SEDNA as its new email management and team collaboration platform for their global commercial desks, including operations, chartering and commercial finance teams.According to Ha Eun Ruppelt, Ardmore Shipping’s Commercial Project Manager, the decision to choose SEDNA began with the organization’s commitment to achieving the same high standards of efficiency and operational performance in its commercial activities…

23 Oct 2018

New Chemical Tankers Guidance from ABS

Photo: ABS

ABS released new guidance and software to assist chemical tanker owners, operators and shipyards: the ABS Guide for Materials and Welding for Stainless Steels and ABS CHEM software.The ABS Guide for Materials and Welding for Stainless Steels provides minimum requirements for properties, manufacturing processes and fabrication techniques applicable to common types of stainless steels used in the marine and offshore industries. This new guidance is particularly relevant to construction…

19 Oct 2018

Ship's Guards Repel Pirate Attack off Somalia Coast

© Erwin Willemse / MarineTraffic.com

Security guards aboard a Hong Kong-flagged cargo ship repelled an attack by pirates in a gunbattle off Somalia's coast this week, the European naval force in the region said on Friday.It was only the second reported attempt by Somali pirates to seize a commercial ship this year, after a resurgence of attacks in 2017 following years of relative calm brought about by regular patrols of the European Union Naval Force (EUNAVOR).On Tuesday, pirates approached and opened fire at the Hong Kong-flagged MV KSL Sydney freighter 340 nautical miles off Somalia…

11 Oct 2018

AET Names its First LNG-Fueled Aframax Pair

Pic: AET Tankers Pte Ltd

Petroleum and chemical tanker owner and operator  AET Tankers has named and welcomed its first LNG dual-fuelled aframax vessels, Eagle Brasilia and Eagle Bintulu.According to a press release of the Singapore-based company, the ceremony for the vessels was held at the Samsung Heavy Industry Co Ltd’s (SHI) shipyard in Geoje, South Korea. Both vessels have been taken on long-term charterby Shell International Trading and Shipping Company Limited (Shell), primarily for operations in the Atlantic Basin…

11 Oct 2018

Stena Bulk Forms Chemical Tanker JV with Bay Crest Management

GSW Frontier (Photo: Stena Bulk)

Golden-Agri Stena, a joint venture between Sweden based tanker shipping company Stena Bulk and Indonesia’s largest palm oil producer Golden Agri-Resources, has started a new joint venture with Japan's Bay Crest Management for the the operation and commercial management of chemical tankers.The new joint venture, GSB Tankers, will commence operation on January 1, 2019, managing 18 chemical tankers to start, with the aim of managing 30 vessels within the next two years.The joint venture will operate out of the existing premises of Golden-Agri Stena.

02 Oct 2018

A&P Falmouth Completes Troy Refit

Pic: A&P Falmouth

A&P Falmouth has completed the dry docking of ABC Maritime’s double hull oil and chemical tanker, Troy. Beating competition from European shipyards, A&P Falmouth carried out a comprehensive 17-day refit package during the vessel’s dry-docking last month. Work included the class intermediate survey, renewal of the main deck cargo heating pipework, extensive deck cargo washing and line replacement, the overhaul of the main engine including turbo charger, fuel gear and associated pumps…

13 Sep 2018

Odfjell Says It Will Not Install Scrubbers

(Photo: Odfjell)

Chemical tanker firm Odfjell said it will not invest in scrubbers to clean fuel on its vessels to comply with new stricter emission rules from 2020 but instead buy fuel which meets the new standards.To combat air pollution, the International Maritime Organization (IMO), the United Nations' shipping agency, has set global regulations to cap the sulphur content in marine fuel, known as bunkers, at 0.5 percent, down from 3.5 percent now.Shipowners can either install scrubbers, which clean the cheaper high sulphur fuel oil, or buy costlier marine gasoil."Our conclusion for the moment is that it do

12 Sep 2018

Essberger Tankers Sign Deal with GAC

 Image: GAC

Europe’s chemical tanker operator Essberger Tankers has entrusted its ship agency requirements to Gulf Agency Company (GAC) companies in Norway, Sweden, Denmark and Finland.Under the agreement, GAC will handle an estimated 600-800 port calls a year for Essberger Tankers’ fleet of vessels carrying a wide range of high-grade chemicals.The deal comes after more than 20 years of successfully managing Essberger’s port calls in Finland. The shipping and logistics service provider’s ability to deliver the same high level of support from its expanding network of offices in Sweden…

27 Aug 2018

Portugal’s Naval Rocha Shipyard Reports Robust Activity

Naval Rocha commercial director Sergio Rodrigues

Portugal’s Naval Rocha shipyard is reporting a surge in activity in the opening half of 2018 after delivering a series of drydock, wet basin and pier-side projects.Naval Rocha commercial director Sergio Rodrigues said the yard located in the heart of Lisbon Harbour on the north bank of the River Tagus has completed a wide variety of repair and conversion projects.Key work has involved containers, cruise, passenger and sailing ships, cargo and research survey vessels, naval ships, anchor handing tugs, supply vessels and dredgers.“Naval Rocha is a unique, modern shipyard,” said Mr Rodrigues.

26 Aug 2018

Sale of Rotterdam Terminal Impacts Odfjell

Jesper Ridder Olsen. Photo: Maersk Drilling

Tank terminal transactions will further strengthen Odfjell SE but the company experienced another challenging quarter in the chemical tanker markets.The second quarter 2018 results reflect the impact of the sale of the Rotterdam terminal, while underlying results from Odfjell Terminals improved compared to the previous quarter. The chemical tanker market remains challenging, but Odfjell’s TCE performance remains stable.“The sale of our Rotterdam terminal will further strengthen Odfjell SE as a company.

19 Aug 2018

Team Tankers Back into the Black

Photo: Team Tankers International

Bermuda-based chemical tanker company Team Tankers International managed to return to profitability in the second quarter of 2018,  as 14 new ships from recent acquisitions boosted earnings.The company posted a net income of USD 4.4 million in Q2 2018, compared to a net loss of USD 7.3 million in Q1 2018 and a net loss of USD 7.1 million in Q2 2017.The average time charter equivalent rate for the fleet was $11,316 per day this quarter, compared with $10,610 per day in the previous quarter.Team's CEO…

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