Chemical Tankers News

South Korea-based company engaged in the production and sale of ships, Hyundai Mipo Dockyard Co (HMD) has won a 163 billion-won (US$138 million) order to build two car carrier ships.According to a stock exchange announcement from the Hyundai Heavy Industries (HHI) unit, HMD will build the vessels by March 2022 for  a European shipper. It declined to identify the buyer.This is the first ro-ro order of this year for HMD.According to Yonhap, HMD posted sales of 705 billion won in the first quarter of the year, with its operating profit reaching 26.1 billion won.

The seas off West Africa's coastline are now the most dangerous in the world for shipping, the International Maritime Bureau’s (IMB) latest report revealed.According to the report, of the 75 seafarers taken hostage onboard or kidnapped for ransom worldwide so far this year, 62 were captured in the Gulf of Guinea – off the coasts of Nigeria, Guinea, Togo, Benin and Cameroon.The IMB Piracy Reporting Center (IMB PRC) recorded 78 incidents of piracy worldwide and armed robbery against ships in the first half of 2019, compared with 107 incidents for the same period of 2018.

Stolt Tankers B.V. and DESMI Ocean Guard A/S has announced that Stolt Tankers has selected the CompactClean Ballast Water Management System (BWMS) for installation on Stolt Tankers’ existing fleet.The agreement is to provide more than 60  chemical tankers with the CompactClean BMWS by the end of 2023. Most of the ships will be retrofitted with two CompactClean BWMS, one for each ballast pump. This has the advantage that the ships will maintain full redundancy on their ability to ballast and de-ballast…

DESMI Ocean Guard A/S has announced that the CompactClean Ballast Water Management System (BWMS) has received amended US Coast Guard type approval certificate with just 2 hours minimum hold time restriction in US waters, demonstrating its superior performance. Furthermore, the amended certificate allows installation in hazardous areas.On July 1st, 2019 DESMI Ocean Guard’s CompactClean Ballast Water Management System (BWMS) received amended US Coast Guard (USCG) type approval certificate with just 2 hours minimum hold time restriction, as well as approval of installation in hazardous areas.

A milestone is reached in Odfjell’s history as the company officially names its next generation of chemical tankers on July 1st. When the ships are delivered to the fleet, these vessels will be the world’s largest stainless steel chemical tankers, taking Odfjell to a new level of capacity, efficiency, and eco-friendly operations.Odfjell has undertaken a major fleet renewal program through measures such as pool cooperation, redelivery of older tonnage and chartering of new ships…

NewbuildingSince the beginning of the year, 100 newbuild orders have been placed across the tanker sector. This is a considerable amount lower than the same period last year, when 140 vessels were placed. It is no surprise to see the Greeks lead the way with the highest number and largest vessels ordered, but hot on their heels are the likes of Eastern Pacific and Ocean Tankers, the Singaporean owners ordering the clean trading vessels.Norwegian companies Hunter Group and Knutsen NYK Offshore buy few but spend a lot.

The technology group Wärtsilä has successfully installed its Serck Como Horizontal Tube Evaporator (HiTE) fresh water production system onboard the pipe-laying vessel, ‘Lorelay’, owned by offshore contractor Allseas. This is the first commercial installation of this Wärtsilä innovation. The retrofit project produces clean water for technical applications and human consumption, and has led to fuel savings of as much as one ton per day.The unique aspect of the Wärtsilä HiTE is that it is a multi-stage evaporator specifically designed for small to medium capacities of 30 to 150 tons per day.

The Panama Canal published a proposal to modify its current tolls structure for the dry bulk, passenger, containership and vehicle carrier and RoRo segments, as well as tankers, chemical tankers, LPG and LNG vessels, the intra-maritime cluster (local tourism segment) and minimum tolls (small vessels).According toa press release from the Panama Canal Authority (ACP), the announcement marks the beginning of a 30-day formal consultation period for industry feedback, which will close on July 15…

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…

Tanker ship operator Uni-Tankers, part of the USTC group, has appointed Per Ekmann as its new CEO. “I’m both happy and proud to have the opportunity to lead the way forward at this important stage in the company’s history. Uni-Tankers is based on proud and strong values, and with the recent implemented changes, the foundation is in place to realise our strategy together with our skilled employees,” said Per Ekmann. In future, the Uni-Tankers Executive Board will comprise Per Ekmann, CEO, and Thomas Thomsen, CFO.

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…

GasLog and GasLog Partners announced that Paolo Enoizi has been appointed as Chief Operating Officer (COO) Designate of GasLog and GasLog Partners.Paolo, who will be based in Piraeus, Greece, will take up his role in August 2019 and initially work alongside current COO Richard Sadler to ensure a smooth transition of responsibilities.On joining GasLog in August 2017 and in addition to his day-to-day responsibilities, Richard indicated his desire to work with the rest of the senior leadership team to identify a long-term successor for the COO role.

The Dubai-based Tristar Group announced that it has signed firm contracts for six new build 25,000 MT DWT, IMO Type 2 Oil and Chemical Tankers with South Korea shipbuilder, Hyundai Mipo Dockyard.The vessels will be delivered between the middle of May 2020 till the first week of January 2021, said a press release from the fully integrated liquid logistics solutions provider.The vessels have been ordered on the back of long-term charter contracts with oil major Shell.“Our business…

In partnership with MAN Energy Solutions, the Alfa Laval Fuel Conditioning Module (FCM) LPG has undergone successful tests with the first two-stroke, high-pressure marine engine to use LPG as fuel – and has been evaluated for use with ammonia."As the marine industry embraces a growing range of alternative fuels, including LPG and ammonia, Alfa Laval is committed to providing the advanced fuel systems needed for engine protection and efficiency," said a press release.The competitiveness of LPG as a fuel is increasing.

The DESMI Ocean Guard CompactClean Ballast Water Management System (BWMS) has received US Coast Guard Type Approval. This approval comes just a few months after the CompactClean BWMS received IMO type approval and means that the system is now approved for worldwide operation.On April 16, 2019 DESMI Ocean Guard’s CompactClean Ballast Water Management System (BWMS) received US Coast Guard (USCG) Type Approval. The approval is valid for all salinities and sea water temperatures, and has no requirement for a special operating mode in US Territory.

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.

Sweden's Furetank Rederi AB has signed a contract for one 17,999 dwt dual fuel product tanker at Avic Dingheng Shipbuilding.The agreement with the yard includes an option for one further vessel, said a press release from the provider of marine transportation services through product and chemical tankers.The new vessel will be identical with the series of six sister vessels built by Avic Dingheng Shipbuilding for Furetank Rederi AB, Rederi AB Älvtank and Erik Thun AB during 2018‐2019.All vessels are designed with special focus on minimal impact on the environment and has dual fuel capability…

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…

Navig8 Chemical Tankers  entered into sale and leaseback agreements with ICBC Financial Leasing for four ships.The tanker company focuses on the maritime transportation of Chemicals worldwide said in a press release that the net proceeds from the transaction of four of the Company’s IMO2 37,000 DWT Interline coated tankers  were $94,710,000.A portion of the proceeds was utilized to repay existing loans used to finance the Vessels’ newbuilding contracts under the multi-bank loan facility announced by the Company on February 3…

Team Tankers International, the owner and operator of chemical tankers for the seaborne transportation of liquid chemicals worldwide, announced that Kevin Kilcullen has resigned his post as chief financial officer (CFO)."Kevin Kilcullen today tendered his resignation as Chief Financial Officer of Team Tankers International to pursue another professional opportunity," said a press release from the shippig company.The resignation will take effect on April 17, 2019 and he will continue with the Company until that date to ensure an orderly transition.Jens Gisle Schnelle…

Marittima Emiliana, a company owned by the Amoretti family’s Armatori Group, has placed an order for the 4,500 dwt  tanker duo at Ningbo Xinle Shipbuilding, a Chinese shipyard specialising in small chemical construction.Watson Farley & Williams (WFW) advised Crédit Agricole Italia on two financings for Marittima Emiliana for the construction of the two chemical tankers.Construction will start in 1H 2019m, with delivery is scheduled for 2020. This transaction represents the Amoretti…

US-based tanker owner Diamond S Shipping Inc. said it has appointed Kevin M. Kilcullen as its new Chief Financial Officer.Kilcullen comes to Diamond S from Oslo-listed chemical and product tanker owner/operator Team Tankers International Ltd., where he served as CFO for three years. Prior to that, he was CFO at Principal Maritime LLC, a private equity backed owner of crude and chemical tankers.Diamond S Shipping Inc. expects to become an NYSE-listed company with the closing of its combination with the crude and product tanker business of Capital Product Partners L.P. later this month. The firm will own 16 crude and 52 refined product tankers.“The company is listing in the public market at a cyclically opportune time and is well positioned for future industry consolidation,” Kilcullen said.

Italy’s d’Amico International Shipping (DIS) said that its Ireland-based subsidiary d’Amico Tankers has signed a memorandum of agreement and bareboat charter contract for the sale and leaseback of  MT High Voyager for a consideration of US$ 25.7 million.MT High Voyager is a 45,999 dwt medium-range product tanker vessel, built in 2014 by Hyundai-Mipo, South Korea.According to a press release from the global operator in bulk carriers and product/chemical tankers markets, this transaction allows d’Amico Tankers to generate at the Vessel’s delivery around US$ 9.6 million in cash…