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Maran Tankers Management News

10 Aug 2023

Pavilion Energy, CNOOC Complete First Bunker Delivery to LNG-powered VLCC

Credit: Pavilion Energy

Singapore's Pavilion Energy and China's CNOOC Gas and Power Group completed their first liquefied natural gas (LNG) ship-to-ship bunker operation for a very large crude carrier (VLCC) at China's Guangzhou port, the companies said on Thursday.A total of 2,800 metric tons of LNG was delivered from CNOOC's LNG bunker vessel Hai Yang Shi You 301 to the VLCC Maran Dione, owned by Angelicoussis Group's Maran Tankers Management (MTM), the companies said in a joint statement.The bunker operation came after Pavilion Energy…

11 Jan 2021

Maran Tankers Takes Suezmax Delivery from South Korea's Daehan

Maran Solon (Photo: Maran Tankers Management)

The newly built Suezmax tanker Maran Solon was delivered to Maran Tankers Management on January 4, the Greek operator said on social media.The Greek-flagged, 157,000 dwt Suezmax is classed by ABS and was built by Daehan Shipbuilding Co. in South Korea.The handover follows the 2020 deliveries of DNV GL-classed Maran Phoebe and Maran Orpheus, as well as ABS-classed Maran Aspasia, all Greek-flagged and built by Daehan.Maran Tankers also has a pair of 318,000 dwt very large crude carriers (VLCC) on order from South Korea's Daewoo Shipbuilding & Marine Engineering (DSME)…

13 Aug 2020

Maran Tankers Takes Suezmax Delivery from Daehan

Maran Orpheus (Photo: Maran Tankers Management)

Greek operator Maran Tankers Management (MTM), part of the Angelicoussis Group, has taken delivery of the 157,000 dwt oil tanker Maran Orpheus, built by Daehan Shipbuilding Co. in South Korea. The Suezmax delivery follows the 157,946 dwt Maran Phoebe handed over from Daehan in June. Both ships are Greek-flagged and classed by DNV GL.Daehan is also building the ABS-classed, 157,000 dwt Maran Aspasia and Maran Solon scheduled for delivery to MTM in October and December respectively.

09 Dec 2019

Daewoo Wins Aggelikousis Order for 3 Ships

South Korean shipbuilding major Daewoo Shipbuilding & Marine Engineering Co (DSME) said that it has secured a US$380 million order to build three vessels from Angelicoussis Shipping Group (ASGL), the Greek provider of marine shipping services.DSME will build a liquefied natural gas (LNG) carrier for Maran Gas Maritime Inc. and two very large crude carriers (VLCCs) for Maran Tankers Management Inc.Maran Gas Maritime and Maran Tankers Management are subsidiaries of Angelicoussis Shipping Group.According to a report in Yonhap, the LNG carrier will be guilt by DSME with a capacity of 174,000 cubic meters will be delivered by the first quarter of 2022.Two 318…

14 May 2018

Angelicoussis Shipping to Retrofit BWTS on 36 Ships

(Image: Ecochlor)

U.S.-based ballast water treatment system (BWTS) manufacturer Ecochlor, Inc. said it has been awarded a contract to retrofit 36 vessels, including Suezmaxes, Aframaxes, VLCCs, Minicapes and Capes for Angelicoussis Shipping Group Limited (ASGL). Installations are expected to take place between 2018 and 2020 in Singapore, Dubai, Qatar and China.Ecochlor CEO Steve Candito remarked, “Having both IMO and USCG Type Approval were very important factors in the selection process by ASGL.

16 Oct 2017

Q88 LLC Opens Office in Athens

Q88 LLC, a software as a service technology provider to the maritime industry, has opened an office in Athens, Greece. According t o the company, the new office further increases the its presence in Europe and will serve as a key hub for client relations and business development. “The Greek shipping community is so important to our success as a company and the industry as a whole. Having a presence in Greece is something we are very excited about. The Athens office will allow us to further strengthen relationships in the region and allow us to tap into the pulse of the industry,” said Fritz Heidenreich, president and founder of Q88.

14 Jul 2017

DSME Bags 4 VLCCs Order from Angelicoussis

South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) won its second order from Maran Tankers Management (MTM), a subsidiary of  Greek shipping giant Angelicoussis Shipping Group,  to build four very large crude carriers (VLCCs). Yonhap quoted a regulatory filing of Daewoo saying that it will deliver the 318,000-ton vessels by Aug. 20, 2019. The vessels, 336 meters long and 60 meters wide, will be powered by eco-friendly and fuel-efficient engines, the shipyard said. Daewoo did not reveal the value of the latest deal. However, given a typical VLCC costs around $80 million won, the order is estimated at $300 million. DSME will buid the vessels in the latest eco-friendly design in compliance with the environmental regulations of the International Maritime Organization (IMO).

17 May 2017

Maran Tankers Chooses Q88VMS

Photo: Maran Tankers Management

Greek oil tanker shipping company Maran Tankers Management has selected a cloud-based voyage management system to manage its chartering and commercial operations. Q88VMS, the latest product in Q88 LLC’s portfolio, is a web-based platform for managing all voyage related information. It will allow Maran Tankers Management to operate its growing fleet seamlessly across its various offices without disruption or delay, the developer said. “Q88VMS’ integrated approach to managing the voyage chain was a huge factor for our company…

23 Apr 2017

DSME Deal Non-starter

The creditors of Daewoo Shipbuilding & Marine Engineering (DSME) still remain undecided over afor the shipyard's latest deal, further complicating troubles for one of the country's major shipyards, Yonhap reported. DSME  clinched a US$250 million deal to build three very large crude carriers (VLCCs) on April 4. Under the deal with Maran Tankers Management, a unit of Greece's largest shipper Angelicoussis Shipping Group, Daewoo Shipbuilding will deliver the 318,000-ton VLCCs by 2018. The deal came as the shipyard is suffering from a sharp decline in new orders amid a protracted industrywide slump. "We are still talking about (this), and the state-run creditors and commercial lenders have to narrow their differences on the terms," a source said, asking not to be named.

19 Dec 2016

Daewoo Shipbuilding Wins $590 million Greek Deal

Daewoo Shipbuilding & Marine Engineering Co. (DSME) has bagged a combined 700 billion won (US$590 million) in potential orders from Maran Tankers Management, a unit of Angelicoussis Shipping Group, reported Yonhap. Under the agreement with the Greece's largest shipper the troubled South Korean shipbuilder will provide a liquefied natural gas-floating storage and regasification (LNG-FSRU) ship. The contract also includes an option to build two more LNG tankers if Angelicoussis Shipping Group satisfies with the first deal to build the LNG-FSRU. The LNG-FSRU is expected to be built at the Okpo Shipyard in Geoje, South Gyeongsang Province, and the scheduled delivery will take place by early 2020.

15 Jun 2016

ME-GI Engines for Maran's New LNG Carriers

Daewoo Shipbuilding & Marine Engineering (DSME) has signed new contracts with Maran Gas Maritime and Maran Tankers Management for the construction of two ME-GI powered LNG carriers and two VLCCs, both shiptypes with a number of options. Maran Gas Maritime has already four ME-GI powered LNG carriers on order at DSME. Maran Gas Maritime is the LNG shipping company of Angelicoussis Shipping Group, Greece’s largest shipowner, and Maran Tankers Management is the tanker arm of Angelicoussis. The Korean shipbuilder announced on June 9 that it won the orders at the international shipping exhibition Posidonia in Greece. The LNG carriers are slated for delivery in 2019 and the VLCCs are due in the first half of 2018.

01 Aug 2014

Korea Shipbuilder Wins US$400-M Greek Order

Daewoo Shipbuilding & Marine Engineering Co., South Korea’s second-largest shipbuilder, says it has signed a contract to build 4 tankships for Maran Tankers Management, a unit of Greece’s largest shipper Angelicoussis Group, according to Yonhap News. Daewoo Shipbuilding plans to deliver the tankers by 2016, the company informed Yonhap in an e-mailed statement. The two companies have also signed a separate contract with an option to change the tankers' bunker-C oil-fuelled engines to LNG supply. With the latest deal, the shipbuilder has won a total of about $5.8 billion of orders so far this year.
 Source: Yonhap News Agency

19 Jun 2014

ASRY Repair Updates

ASRY issued a statement detailing the yard's recent operational and business developments. After appointing Resolute Maritime Services as the agents in Greece an increased activity from Greek market can be observed at ASRY including one of the leading owners from Greece, Maran Tankers Management, sending their VLCC for docking in ASRY. Apart from routine drydocking jobs and hull treatment the main job was the installation of owner-supplied Becker Mewis Duct. This is the 12th duct ASRY has installed, and second on a VLCC, which only required a record 10 days for complete installation, proving their proficiency in that field. May also saw the extensive dry-docking repairs of Singapore-owned Offshore Supply/Tug ‘Jaya Concordia’…

27 May 2011

Maran Tankers Collaborates With ABS

With energy efficiency at the forefront of today's environmental agenda, Maran Tankers Management Inc. (MTM), the largest tanker operator in Greece, has collaborated with class society ABS in the development, review and revision of their company and Ship Energy Efficiency Management Plan (CEEMP/SEEMP). The plan provides a mechanism for identifying measures aimed at maximizing operational efficiency throughout MTM’s fleet and establishes a management tool for the Company and their fleet of vessels. The goal is to continually improve the energy efficiency of all sea born operations.

24 Sep 2010

CIMAC Circle 2010 at SMM in Hamburg, Germany

Held on 9 September at SMM, more than 150 delegates attended this year's CIMAC Circle, covering the total cost of ownership of marine propulsion engines. Inevitably, the panel of engine builders, engine (vessel) operators and engine system and component makers were strongly influenced by the effects on engine first costs and engine running costs of the upcoming IMO Tier II and Tier III emissions regulations, due in 2011 and 2015 respectively. As Dr. Udo Schlemmer-Kelling of Caterpillar Motoren noted in the title of his lively presentation: IMO III is knocking at our door. The levels of emissions reduction prescribed by IMO Tier III for vessels operating in Emissions Control Areas clearly come at a price…