Chemical Tanker News

Petroleum and chemical tanker owner AET Tanker Holdings has been awarded three long-term time charter contracts by Brazil Shipping I Limited, a Shell group entity.The subsidiary of Malaysia’s maritime solutions and services provider MISC Berhad said in a press release that Under the terms of the deal it will own and operate the related newbuilding Suezmax Class Dynamic Positioning (DP) shuttle tankers for operations in international and Brazilian waters.The estimated contract…

Navig8 Chemical Tankers, an international shipping company focused on the transportation of chemicals,  has agreed to enter four of its 25,000-dwt chemical tankers into a pool operated by the Norwegian tanker owner and operator Odfjell.Following the delivery of the vessels, the 'Chempool25' will total 19 vessels with Odfjell contributing with ten vessels, CTG five vessels and N8CTI four vessels. Odfjell will continue to be the operator of all vessels in the pool.“We are pleased to welcome N8CTI as a partner.

Bermuda-based global shipping company Team Tankers International finalized the sale of the last two of its five older medium range (MR) tankers.Team Tankers has managed to free up a funds for new investments after divesting MR tankers, said CEO Hans Feringa.Feringa said: “We finalized the sale of the last two of our five older MRs at attractive levels, concentrating our efforts on our younger, more sophisticated, deep sea assets. With the sale of the older MRs and certain intermediate ships…

The chemical tanker earnings for the third quarter of 2019 was impacted by the usual seasonal slowdown in volumes while rates remained stable, said Odfjell Group.According to the company specializing in worldwide seaborne transportation and storage of chemicals and other specialty bulk liquids,spot rates were stable to slightly stronger on the front haul routes but strong competition and seasonally lower volumes on the back-haul routes had a negative impact on the overall market.A…

Nduna Maritime, a subsidiary of the Mnambithi Group, and the integrated chemicals and energy company Sasol have invested in South Africa's first locally-owned chemical tanker with a funding agreement made through the Sasol Siyakha Trust.The Bow Cecil is claimed to be the first South Africa flagged vessel to transport chemicals to international markets. "We are particularly proud of this landmark agreement, as it is a significant investment into localizing and diversifying our supply chain.

The very large crude oil carrier (VLCC) Tanzawa, the first new NYK-owned vessel to include an SOx scrubber, has been delivered into the NYK fleet. On October 3, a naming and delivery ceremony was held at the Kure shipyard of Japan Marine United Corporation, and attended by Akira Kono, NYK managing corporate officer, and other related parties.The new vessel is equipped with a scrubber that is compliant with the International Maritime Organization’s (IMO) more stringent SOx emission regulation…

Ammonia, the same pungent solution used in fertilizers and cleaning agents, may one day be the key to transporting renewable energy around the world. There are currently a number of government and corporate projects assessing the feasibility of converting excess renewable energy from sources like wind, solar, tidal and nuclear into ammonia and then back into usable energy.In its purist form, ammonia or NH3 is composed of one nitrogen and three hydrogen atoms making it an ideal candidate to chemically bind excess renewable energy.

Connecticut-based maritime finance company FDX Offshore has acquired Singapore’s tanker pool operator Womar Logistics. Watson Farley & Williams (WFW) advised FDX Offshore on its acquisition.The partnership intends to expand its chemical tanker pools as well as initiate and grow independent pools in other classes of ships.FDX is led by Managing Partner Jake Scott and Partner Andy Tuchman who will both become Womar board members. Formed in 2013, FDX has been providing financial advice and capital sourcing to maritime and energy projects.Incorporated in early 2009…

Japanese carrier Ocean Network Express (ONE) confirmed reports that its chartered containership ONE Blue Jay came into contact with a chemical tanker near Port of Perama, Piraeus, Greece, at around 2 p.m. local time on Thursday."There are no reports of pollution from ONE Blue Jay, and we can confirm our crew are safe," ONE said in a statement. Local authorities said there were 23 crew on board the containership at the time of the incident. The Japanese flagged vessel is currently berthed at the Port of Permana while investigations are ongoing…

Product tanker operator Maersk Tankers has now completed its acquisition of seven chemical tanker ships, which the company wil take over from AET Tanker Holdings, a Malaysian-owned global shipping company specializing in the ocean transport of crude oil and refined products.Built in Korea in 2009 and 2010, the second-hand Handy vessels are of shallow drafted design with a good cargo intake and an increased chemical/IMO capability.“In line with our strategic goal of developing a dynamic fleet and our belief in the tanker market…

Hunter Tankers, a subsidiary of Norwegian investment company Hunter Group, has selected Tankers International Ltd as commercial manager for its fleet of very large crude carriers (VLCCs).According to Oslo-based company, Tankers International, a chemical tanker company, would establish “the world’s first scrubber-fitted VLCC pool.”In addition to the Hunter vessels the pool will consist of vessels from Hartree Maritime Partners Ltd., International Seaways Inc., Oak Maritime (HK) Inc.…

The recovery of the chemical tanker market continued into the second quarter as main drivers were strong US exports and healthy volume development throughout the quarter on main trades, said Odfjell SE.The Clean Petroleum Products (CPP) market weakened which led to a net increase of 20 coated MR's trading chemical/veg-oils during the quarter, hereby increasing supply pressure for chemical tankers towards the end of the quarter, said the company specializing in worldwide seaborne…

Advanced Polymer Coatings (APC) has announced the retirement of Joseph F. Harrington after 25 years with Advanced Polymer Coatings. In 1994 he was approached by Don Keehan, Chairman of Advanced Polymer Coatings, to further develop the Marine Coatings industry with APC’s MarineLINE high-performance coating. Today MarineLINE is the industry leader in high performance coatings for the chemical tanker industry.APC President David Keehan says, “Joe Harrington has had a remarkable track record of 59 years in the coatings industry.

Insufficient Training, Inadequate Bridge Operating Procedures, Lack of Operational Oversight Led to Fatal Ship Collision. The National Transportation Safety Board said Monday that the Aug. 21, 2017, collision between the USS John S McCain and the tanker Alnic MC was caused by insufficient training, inadequate bridge operating procedures and a lack of operational oversight.Ten sailors aboard the John S McCain died in the accident and 48 were injured when the ships collided in the Middle Channel passage of the Singapore Strait Traffic Separation Scheme.

Bergen-headquartered shipping company Utkilen said it has taken delivery of Mostraum, the LNG-ready 10,500 DWT chemical tanker.The vessel is stainless steel tanker and is a very environmentally friendly design with focus on low fuel consumption, reduced NOx emissions and to prepare her for possible future upgrades of fuel with the installed LNG ready engine, claimed a press release.Shore power is installed with a capacity enough to handle loading and unloading. The high loading…

Danish Shipowner Nordic Shipholding entered a new sale and purchase memorandum of agreement to dispose Nordic Ruth vessel, which the company didn't manage to sell, in the past.Nordic Ruth is a 2000-built handysize product/chemical tanker. It tanker would be sold for USD 5.8 million.Nordic Shipholding A/S does not expect the sale to have any significant impact on the outlook for 2019 as provided in the Q1 2019 Report on 22 May 2019.The vessel was built in 2005, and is a 35,800…

Canada’s marine services provider McKeil Marine Limited has acquired Topaz, an IMO 2, ice class 1A chemical tanker.With this newest addition to its diversified fleet of tugs, barges, workboats and vessels, including bulkers, cement carriers, and tankers, McKeil expands its offering and is poised for additional growth.The Panamanian-flagged Topaz built in 2009, measures 137 metres by 20 metres, with a DWT of 13,965 metric tonnes. The vessel was acquired to service the needs of McKeil’s customer Petro-Canada Lubricants Inc.

The chemical tanker market saw continued improvements into what normally is a seasonally weaker first quarter, said Odfjell Group, a company specialising in worldwide seaborne transportation and storage of chemicals and other speciality bulk liquids.Strong exports from the US and Middle East were key drivers in this quarter which also impacted other trade lanes as well. There was less supply pressure from swing tonnage during the quarter, but we experienced some increased competition…

The MR (Medium Range Product Carrier) product and chemical tanker market continues its upward trend, with charter rates higher in the first quarter on the back of continued strengthening supply-demand fundamentals and further supported by prolonged winter market conditions.According to Anthony Gurnee, the Company's Chief Executive Officer of Ardmore Shipping Corporation this trend is in spite of heavy refinery maintenance and upgrade downtime as the global refinery complex prepares for the IMO 2020 marine fuel transition…

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…

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…

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…

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.