Crude Oil Carrier News

23 Jan 2019

Technology: New FiFi Simulator from Kongsberg Digital

Photo: Kongsberg Digital

Kongsberg Digital unveiled an innovative new simulator solution for training officers and crew in advanced firefighting. K-Sim Safety offers high fidelity simulation covering all aspects of fire safety. K-Sim Safety contributes to reducing the impact of fire on board as well as planning strategies and tactics to control fire in various parts of the ship, enabling a safer and more effective response to incidents when they occur.K-Sim Safety delivers practical exercises simulated in a realistic environment and meets the STCW regulation VI/3…

15 Mar 2018

Hyundai Samho Heavy Industries Delivers Green VLCC

Hyundai Samho Heavy Industries (HSHI) has completed building a scrubber-equipped Very Large Crude oil Carrier (VLCC), the first of two ships ordered by Greek shipowner Almi Tankers in August 2016, reported the Pulse. The affiliate with South Korea's largest shipbuilder Hyundai Heavy Industries (HHI) said that the VLCC is fitted with an exhaust gas cleaning system that can meet stricter restrictions on sulphur oxide emissions that will come into force in 2020. HSHI on Tuesday held a naming ceremony for the oil tanker. The 310,000-ton VLCC - which is 336 meters long, 60 meters wide, and 30 meters deep - is loaded with various facilities…

15 Jan 2018

DNV GL Approves Kongsberg Engine Room Simulators

Kongsberg Digital - K-Sim ERS DEDF Cruise Ferry  (Photo: Kongsberg)

Kongsberg Digital has received DNV-GL statements of compliance for two of its newest Engine Room Simulator models designed to provide in-depth training on the K-Sim Engine simulator platform. The DNV GL-ST-033 March 2017 Maritime Simulator Systems certification, which is based on the requirements of STCW Convention, Regulation I/12, was awarded to the DEDF Cruise Ferry and L11 MAN 6S70 ME SCC K-Sim Engine models in December 2017. Now commercially available to all K-Sim Engine users…

26 Dec 2017

China to Roll Out Smart Crude Oil Carrier

Photo: Dalian Shipbuilding Industry

China's Dalian Shipbuilding Industry Co (DSIC) is working on China's first smart crude oil carrier - a special project named "smart ship 1.0 R&D - which will incorporate technology to help the captain operate the ship. The Chinese state media quoted Guan Yinghua, deputy chief engineer of DSIC as saying that the project was assigned by the Ministry of Industry and Information Technology. Guan said that the very large intelligent crude carrier will be the most important result of the project. She said the smart vessels represent the future.

11 May 2017

New Ship Building Orders for Korean Yards

Photo: Samsung Heavy Industries

South Korean shipyards emerged on top for new orders in April, Business Korea reported quoting industry data. The global total amount of new shipbuilding orders reached 750,000 CGT last month and 340,000 CGT and 260,000 CGT went to South Korean and Chinese shipbuilders, respectively. Japanese shipyard orders came to nil. In terms of numbers, Korean shipyards clinched new orders to build 12 ships. South Korea took the largest portion of very large crude oil carrier (VLCC) orders placed in quantity early last month, said the report.

07 Nov 2016

SFL Sells 18-year-old VLCC

Front Century (Photo: SFL)

Ship Finance International Limited (SFL) has agreed to sell the 1998 built VLCC Front Century to an unrelated third party, and has simultaneously agreed to terminate the corresponding charter party for the 18-year old crude oil carrier with a subsidiary of Frontline Ltd. The vessel is expected to be delivered to its new owner in the first quarter of 2017, and the net sales price will be approximately $24 million, including a compensation from Frontline for the early termination of the charter.

13 May 2016

Ship Finance Sells VLCC for $24 Mln

Ship Finance International Limited announced that it has agreed to sell the 1998 built VLCC Front Vanguard to an unrelated third party. Ship Finance has simultaneously agreed to terminate the corresponding charter party for the 18-year old crude oil carrier with a subsidiary of Frontline Ltd. The vessel is expected to be delivered to its new owner by the end of June, and the net sales price is approximately $24 million, including a compensation of $0.4 million from Frontline for the early termination of the charter. Ship Finance said the divestment of older vessels is part of its strategy to renew and diversify the fleet, and the proceeds are expected to be reinvested in new assets.

13 Nov 2015

SFL Sells 1998-built Suezmax Tanker

Mindanao (Photo: SFL)

Ship Finance International Limited (SFL) has agreed to sell the 1998-built Suezmax tanker Mindanao to an undisclosed unrelated third party, simultaneously terminating the corresponding charter party for the 17-year old crude oil carrier with a subsidiary of Frontline Ltd. The 159,211 dwt vessel is expected to be delivered to its new owner in December 2015. According to SFL, the sale is in line with its plans to divest older vessels in a strategy to renew and diversify its fleet.

09 Nov 2015

NYK Conducts Crisis-response Drill on VLCC

Crisis Response Drill in progress

On October 15 as part of the company’s Remember Naka-no-Se Campaign,* NYK conducted a crisis-response drill based on the scenario of a serious accident occurring on an NYK-owned VLCC (very large crude-oil carrier). Cooperation from the Maritime Bureau within Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT), in addition to the Japan Coast Guard and the Maritime Disaster Prevention Center, enabled this drill to be realistic and practical. During the drill, NYK’s crisis-management headquarters simulated a press conference and timely press releases…

30 Oct 2015

Mitsui O.S.K. Lines Revises Business Outlook

Photo: Mitsui O.S.K. Lines

Looking at the Company’s business performance for the first half of FY2015, operating income and ordinary income improved as the tanker division enjoyed favorable market conditions, backed by a decline in bunker prices, says Mitsui O.S.K. Lines (MOL). On the other hand, net income for the second quarter decreased from the previous announcement because the Company recorded an extraordinary loss from the stock revaluation of its equity method affiliate, Daiichi Chuo Kisen Kaisha (“Daiichi Chuo”), as a result of that company’s decision to commence civil rehabilitation proceedings.

26 Oct 2015

Kongberg Releases K-SIM Cargo Handling Simulator Model

CCTV view of the manifold in the new K-Sim Cargo model, SCC-II (Image: Kongsberg Maritime)

Press release- Kongsberg Maritime has released its latest K-Sim Cargo simulator model, SCC-II, based on a Suezmax crude oil carrier with 12 cargo tanks and two slop tanks. Shown for the first time at Kongsberg Maritime’s European Simulator User Conference in Gothenburg this September, the new simulator model enables integrated, real-time exercises based on actual ship specifications and performance data on liquid cargo handling operations. The model is delivered with a sophisticated new Integrated Automation System (IAS) to replicate Cargo Control Room (CCR) operations.

18 Sep 2015

Aframax Tanker Designed for Arctic Shipping

Aframax tanker in-ice- Aker Arctic

A modern Aframax-sized tanker concept designed for transporting crude oil and oil product in the Arctic has been developed via collaboration between Deltamarin Ltd. and Aker Arctic Technology Inc. In creating the new tanker concept, Deltamarin said it drew upon its expertise in affordable energy efficient cargo vessels, together with Aker Arctic’s track record in Arctic vessels. Apart from being ice strengthened and equipped with other new features, the 118,000 DWT vessel will provide cost efficient and reliable tanker operations both in open water and in ice, according to Deltamarin.

05 Aug 2015

SFL Sells 1995-built Suezmax Tanker

Ship Finance International Limited (SFL), has agreed to sell the 1995-built Suezmax Front Glory to an unrelated third party. The company has simultaneously agreed to terminate the corresponding charter party for the 20-year old crude oil carrier with a subsidiary of Frontline Ltd. The vessel is expected to be delivered to its new owner at the end of the third quarter, 2015. Net sales price is agreed to approximately $16 million, and Ship Finance will receive a net amount of approximately $13.8 million, after compensation of approximately $2.2 million to Frontline for the termination of the current charter. The vessel is currently debt free.

31 Mar 2015

SCI takes Delivery of VLCC "Desh Vibhor"

SCI logo

The Shipping Corporation of India Ltd. (SCI) accepted delivery of a Very Large Crude Oil Carrier (VLCC) on 28 March, 2015. The vessel has been named “Desh Vibhor”. The vessel was ordered with Jiangsu Rongsheng Heavy Industries Co. Ltd., China during November 2010. The vessel has a gross tonnage of 165,319 tonnes and deadweight of 316,634 tonnes at scantling draft. The vessel has been classed with IRS and LRS and has been built to comply with latest international regulations. Acquisition of this vessel is in line with SCI’s strategy of maintaining a modern and young fleet of vessels.

11 Dec 2014

Capital Product Partners Announces New Charters

International diversified shipping company Capital Product Partners L.P. announced that it has secured time charter employment for the M/T Aias and M/T Arionas. The M/T Aias (150,393 dwt, Crude Oil Carrier, built 2008, Universal Shipyard, Japan) will be employed with Repsol Trading S.A. (Repsol) for three years (+/- 30 days) at a gross daily rate of $26,500. Previously the vessel was employed under a time charter to Capital Maritime & Trading Corp. (CMTC) at a gross rate of $24,000 per day. The new charter will commence in February 2015 and marks the opening of a new time charter relationship for the Partnership with Repsol. The M/T Arionas (36…

11 Aug 2014

MOL YoY Q1 2014 Profit Slips, but Dividend Planned

Koichi Muto: Photo MOL

"I would like to report our business results for the first quarter of fiscal year (FY) 2014 (April 1, 2014 to June 30, 2014). During the first three months of FY2014, while geopolitical risks such as political strife in Ukraine and Iraq raised concerns of a spike in crude oil prices, moderate recoveries in the United States and Europe drove global economic growth. Looking at maritime shipping markets, a continuing surplus of dry bulk vessels kept that sector weak overall. The…

30 Apr 2014

MOL Achieves 2013 Profitability Goal

Koichi Muto: Photo MOL

The president of Mitsui O.S.K. Combined with the continuing weaker yen and falling bunker prices, we saw a significant year-on-year improvement in profitability, and successfully achieved the main theme set forth in the Single-year Management Plan RISE2013 – Achieve profitability in FY2013 to make it the first year of MOL’s new growth stage. Looking at maritime shipping market conditions, despite signs of a year-on-year recovery, the environment remained difficult overall. In the dry bulker market…

30 Jan 2014

Navy to Christen Second Mobile Landing Platform

U.S. Navy photo

The U.S. Navy said it will christen Mobile Landing Platform (MLP) John Glenn Feb. 1, during a 1 a.m. PST ceremony in San Diego, Calif. Chief of Naval Operations Adm. Jonathan Greenert, will deliver the ceremony's principal address. Lyn Glenn, daughter of John Glenn, will serve as the ship's sponsor. Upon delivery to the U.S. Navy's Military Sealift Command (MSC), John Glenn will be designated as a United States Naval Ship (USNS), and will have a core crew of 34 civilian mariners who will operate and navigate the ship.

03 Dec 2013

India Tankship to Retrofit MAN Kappel Propeller

MT Jag Lavanya: Photo credit MAN Diesel & Turbo

MAN Diesel & Turbo’s PrimeServ retrofit team is to supply India's Great Eastern Shipping Company (GESCO) of Mumbai with an upgrade retrofit propeller for their tankship 'Jag Lavanya', a Samsung 2004- built 105,000 dwt crude oil carrier. MAN Diesel & Turbo recently announced a strategic focus that added the Kappel design to its fixed-pitch propeller portfolio, both for newbuildings and as a retrofit solution to vessels already in service. After a decade’s cooperation with inventor J.J.

02 Dec 2013

Kappel Propeller Retrofit for Indian Oil Tanker

M/T Jag Lavanya, a 105,000 DWT crude-oil carrier owned by the Great Eastern Shipping Company

MAN Diesel & Turbo’s PrimeServ retrofit team signed an agreement with Great Eastern Shipping Company (GESCO) of Mumbai, India regarding a propeller retrofit upgrade for their M/T Jag Lavanya – a Samsung-built 105,000 DWT crude oil carrier from 2004. MAN Diesel & Turbo recently announced a strategic focus that added the Kappel design to its fixed-pitch propeller portfolio, both for newbuildings and as a retrofit solution to vessels already in service. After a decade’s cooperation with inventor J.J.

16 Apr 2013

MOL Installs Ballast Water Treatment System on VLCC

In front of the VLCC Libra Trader, which recently had a new ballast water treatment system installed, representatives of the vessel’s management company, MOL Tankship Management (Asia) Pte Ltd., and the shipyard pose for a commemorative shot.

Mitsui O.S.K. Lines, Ltd. announced completion of work to install a ballast water treatment system on the very large crude oil carrier (VLCC) Libra Trader at Keppel Shipyard in Singapore. On January 10, the company announced plans to install the system on a VLCC ahead of IMO installation compulsion. MOL is the first Japanese shipping company to install such a system for existing VLCC. Keppel Shipyard has timely delivered the vessel as committed and Libra Trader has already returned to service, and the ballast water treatment system will be tested and adjusted during operation.

24 Mar 2013

MLP 1 Completes Builder's Sea Trials

USNS Montford Point: Photo credit NASSCO

The Navy's first Mobile Landing Platform, 'USNS Montford Point' (MLP 1), successfully completes builder's sea trials in San Diego. USNS Montford Point was constructed by General Dynamics National Steel and Shipbuilding Co. (NASSCO) and these builder's trials test the vessel's propulsion, ballasting, communications, navigation and mission systems, as well as related support systems. MLP is based on an existing commercial design, the Alaska-class crude oil carrier, ensuring design stability and lower development costs.

11 Jan 2013

BWTS Fitting on Japanese VLCC a First

MOL VLCC: Image credit MOL

Mitsui O.S.K. Lines, Ltd. (MOL) plan to install a ballast water treatment system on an in-service very large crude oil carrier (VLCC). This will be the first such onboard system installed by any Japanese shipowner on an existing VLCC. The company chose the JFE Ballast Ace system developed by JFE Engineering Corporation. The installation will take place while the vessel is docked from March through April. Ballast water discharged while loading/discharging cargo carries marine organisms around the world and can have a negative impact on marine ecosystems and biodiversity.

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