Chemical Tanker Owner News

Analysts and commentators are quick to point out that fossil fuels will power maritime equipment, and indeed dominate the fueling marketplace, well into the future. However, they will do so alongside new fuels, and new technologies, that will be introduced to the maritime sector in the coming years. In its September, 2023 report “Beyond the Horizon: View of the Emerging Energy Value Chains”, the American Bureau of Shipping (ABS) explains that, “During the recent 80th meeting of the Marine Environment Protection Committee (MEPC 80)…

Norwegian chemical tanker owner Stolt-Nielsen on Thursday reported a second-quarter net profit attributable to shareholders of $58.6 million, with revenue of $689.1 million. This is an increased compared with a net profit of $52.3 million, with revenue of $606.2 million, in the first quarter.Niels G. Stolt-Nielsen, Chief Executive Officer of Stolt-Nielsen Limited, said the second quarter net profit was the company’s highest since 2007."The second quarter continued where the first quarter ended with growing demand and a shrinking orderbook for new ships…

End-users trialing the VoyOpt voyage optimization service say it beats the competition in terms of the number of data sources it aggregates, ease of use and bottom-line benefits.Fuel consumption is the leading cost driver in shipping and remains the top fiscal concern of shipowners amid uncertainty surrounding bunker costs and availability. “Managing fuel consumption effectively means owners need increasingly to adopt new performance tools that leverage cutting-edge technology, including artificial intelligence.

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 value is USD 245 million and the charter is expected to commence in 2022.These long-term time charter contracts will further reinforce AETs position as one of the…

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, we have freed up capital for investment activity and positioned ourselves for 2020 with a more focused deep sea fleet. ""The divested asset prices in this quarter are at price levels well above what is implied by the 3rd quarter traded share prices, further proving value for our shareholders.

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 port in Europe as they make their journey and tour of duty towards the Atlantic Basin.Commenting on this milestone occasion, Ron Wood, Global Director, Mid-Size Tankers Crude Shipping…

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…

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, and will begin operating for the company from Q4 2018.Using LNG as a fuel eliminates sulphur (SOx) emissions by nearly 100 percent, nitrous oxide (NOx) emissions by 85 percent and particulate matter (PM) emissions by 98 percent…

ABB said it has won an order from Korean shipbuilder Samsung Heavy Industries to equip two new 125,000 DWT shuttle tankers contracted to the world's largest offshore operator Statoil ASA. Ordered by petroleum and chemical tanker owner and operator AET and scheduled for delivery in 2019, the vessels will transport oil from the Statoil fields on the Norwegian and U.K. continental shelves to land-based terminals. The two twin-skeg specialist DP2 offshore loading shuttle tankers will feature a range of ABB’s power and automation solutions, including the power distribution system Onboard DC Grid.

China’s Sinochem International Logistics, a leading chemical tanker owner and operator with 80 vessels, is implementing DNV GL’s data smart fleet management system ShipManager on the entire fleet, optimizing operations and improving performance and efficiency. The contract was signed in April at the opening of DNV GL’s newbuilt near-zero-emission Green Office Centre in Shanghai, with the Norwegian Prime Minister Erna Solberg in attendance, in addition to two of her cabinet members. DNV GL - Software CEO Are Føllesdal Tjønn and Sinochem International Logistics Vice General Manager Zhang Xin signed the contract at the ceremony. “We are proud to be partnering with Sinochem, an innovative and growing shipping company in Asia,” said Tjønn.

This morning CMA announced that Mr. John D. “Jack” Noonan, CEO of Chembulk Tankers, has been named as the CMA Commodore for the year 2017. Noonan joins a presigious list of previous award winners, including Ole Skaarup, Jacob Stolt-Nielsen, George Livanos, Phil Loree, Thomas Moran, Gregory Hadjieleftheriadis, Helmut Sohmen, Gerhard Kurz, William O’Neil, Richard du Moulin, Per Heidenreich, Marc Saverys, Frank Tsao, Stelios Haji-Ioannou, Peter Georgiopoulos, C. Sean Day, Torben Jensen, Morten Arntzen, John Fredriksen, Capt.

Otto Marine Ltd. said three creditors filed three such applications with the Supreme Court of Western Australia to wind up  its subsidiaries in Australia - Go Inshore Pty and Go Marine Group Pty, says a report in Bloomberg. Creditors are claiming A$787,204 (S$814,580) from the offshore marine group. The total sum claimed against the subsidiaries pursuant to the applications is in the approximate quantum of A$787,204, the company said. The management of Go Marine Group is seeking legal advice and plans to dispute the debts. The cases will be heard on Nov. Otto Marine itself has been taking legal action against its debtors as the downturn in the offshore marine sector bites.

Six leaders and influencers from across the shipping industry will join global NGO Carbon War Room’s (CWR’s) Shipping Operation Advisory Board. Their backgrounds span the shipowning, chartering, technical analysis, finance, and academic worlds. The board will lend extensive industry insight and support CWR’s mission to profitably decarbonise the international shipping industry. Galen Hon, Manager, Shipping Operation, Carbon War Room, commented: "Following UNFCCC in Paris, the industry has an obligation to find new and innovative ways to reduce carbon while remaining competitive. With expertise spanning finance, ship operation, classification, data analysis, technology, and software, these individuals are perfectly positioned to identify and evaluate opportunities for innovation and growth.

Six leaders and influencers from across the shipping industry will join global NGO Carbon War Room’s (CWR’s) Shipping Operation Advisory Board. Their backgrounds span the shipowning, chartering, technical analysis, finance, and academic worlds. The board will lend extensive industry insight and support CWR’s mission to profitably decarbonise the international shipping industry. Galen Hon, Manager, Shipping Operation, Carbon War Room, commented: "We are thrilled to have gathered a group with so much knowledge and experience in shipping. Following UNFCCC in Paris, the industry has an obligation to find new and innovative ways to reduce carbon while remaining competitive.

BAE Systems joined with Mid Ocean Tanker Company (MOTC), Mid Ocean Marine and Alterna Captial Partners earlier this year to commission the American Phoenix, a U.S. Flag/Jones Act-qualified product-chemical tanker. Measuring 616 x 105 ft. with a laden draft of 36 ft. and a cargo capacity of 49,000 dwt, American Phoenix is the largest vessel ever built and launched in the State of Alabama. BAE Systems was contracted to complete construction of the American Phoenix and prepare it for use. The vessel is owned by MOTC, a joint venture between Mid Ocean Marine and private equity firm Alterna Capital Partners. The vessel will conduct trade initially in the Gulf of Mexico.

State University of New York (SUNY) Maritime College’s annual Admiral’s Scholarship Dinner will be held on Tuesday, May 3, 2011, on the College’s Throgs Neck, Bronx, New York campus. The event will begin at 6:00 pm with a cocktail hour, followed by the awards dinner at 7 pm in Vander Clute Hall. During the Admiral’s Scholarship Dinner, SUNY Maritime College will salute two Maritime graduates, Mark Barker, president, The Interlake Steamship Company, Cleveland, Ohio as well asThomas Merrell, president, General Dynamics, American Overseas Marine (AMSEA), in Quincy, Mass. The chemical tanker owner, BLT Chembulk Group  headquartered in Southport, Conn., will also be honored that evening.