Product Tanker Purchase Assisted by CIT Group Financing
CIT Group Inc has provided a senior secured credit facility to Tanker Solutions, a joint venture between funds managed by TPG Credit Management and Prime Tanker Management, to support the purchase of 'MT Pike' (formerly the 'M/T Starling'), a 73,700 DWT LR1 product tanker built in 2008. The financiers say that the vessel represents the first asset acquisition by Tanker Solutions and will be operated by Prime Tanker Management. “With this transaction, we continue to build relationships with industry-leading operators and investment firms, further expanding our footprint in the marketplace. Financing was provided by CIT Bank , the U.S. commercial bank subsidiary of CIT. The transaction has a five-year term; additional terms were not disclosed.
SSS: Separate Storage Shuttling
The advent of FPSO and Shuttle Tankers serving the deepwater fields of the Gulf of Mexico is drawing closer, as oil companies study the most economical means to move product from point A to B, particularly from remote and deepwater portions of the Gulf of Mexico. The GOM region, which has one of the more complex subsea piping systems in the world, is ripe for the shuttle tanker solution as the search for oil and gas pushes further from the shore. The question then does not center on "if," but rather "when." American Shuttle Tankers (AST) is touting its S-S-S, or Separate Storage Shuttling solution. The system is unique in that it works with any floating production system — a key point given the fact that there are zero FPSO projects currently underway — including semisubmersibles…
New Shuttle Tanker Design for Teekay
A new shuttle tanker concept developed by the world’s largest shuttle tanker services provider, Teekay, will offer a new level of innovation, says Wärtsilä, whose smart technology solutions will be featured on the new vessels. To date, Teekay has ordered four of these ‘next generation’ ships, each to be built at the Samsung Heavy Industries (SHI) yard in South Korea. According to Wärtsilä, the newbuilds will feature a broad assortment of its latest technology innovations, all of which are central to the concept’s overall performance gains.
De Poli Tankers Extends VSAT Deal with Marlink
Dutch ship owner De Poli Tankers BV has extended its contract with Marlink, securing high-bandwidth global communication using the Sealink Plus service for its fleet of eight chemical tankers and two gas tankers. De Poli Tankers' in-house ITC company, Maritime Performances BV, chose to retain the Sealink Plus service for the future as it combines high-bandwidth VSAT with unlimited L-band back-up in a single easy to manage bundle, Marlink said. De Poli Tankers first migrated to Marlink VSAT from L-band only communications in 2013…
Fujian Mawei Shipbuilding Bags Ocean Tankers Order for Six Vessels
Ocean Tankers, the provider oil tanker shipping and chartering services to oil companies and trading houses, has ordered six handy-sized tankers to be built at the Chinese shipbuilding facility Fujian Mawei Shipbuilding, said a report in Reuters. The report said that the Singapore based tanker company has placed the order for an undisclosed sum as the company renews and expands its fleet and ships are expected to be delivered by 2020. The order is for 23,500-deadweight tonne (dwt) tankers that can carry crude, clean or dirty oil products, to be delivered in stages by the end of the decade.
MAN's Part-Load Optimization a Fuel Saver
MAN Diesel & Turbo’s Part-Load Optimization is a tuning method designed to optimize fuel-oil consumption during the part-load operation of four-stroke, small-bore MAN auxiliary engines. “Part-Load Optimization works on the principle that fuel consumption is reduced at low and part load at the expense of a higher fuel consumption in the high-load range, without exceeding the IMO NOx limit,” explained Finn Fjeldhøj – Head of Small-Bore, Four-Stroke Engineering – MAN Diesel & Turbo. “We can deliver new engines pre-optimized or retrofit as necessary.
FSL Trust Sells Vessel to Trim Debt
FSL Trust Management, as trusteemanager of First Ship Lease Trust (FSL Trust), announces that the Trust has sold its chemical tanker, FSL Tokyo, for a cash consideration of US$13.8 million. FSL Tokyo is a 2006, Japanese-built, 20,938 DWT chemical tanker that has been deployed in the spot market. The net proceeds from this Disposal will be applied in full to the outstanding loan facility in 1Q2018. FSL Trust will record a related impairment charge of approximately US$9.0 million in 4Q2017.
Japan: Little Chance Sanchi Oil Slick Reaches Its Coast
Japan sees little chance of the oil spill from a stricken Iranian tanker that sank on Sunday in the East China Sea reaching its shores, an official at the nation’s environment ministry said on Tuesday. The large tanker Sanchi (IMO:9356608) sank in the worst oil ship disaster in decades and produced a large oil slick, Chinese media and Japanese authorities said on Monday, as worries grew over damage to the marine ecosystem. The vessel’s crew of 30 Iranians and two Bangladeshis are all believed to have perished in the incident.
China: Sunken Tanker Sanchi May be Leaking HFO
A sunken Iranian oil tanker may be leaking heavy bunker fuel as well as light oil off the east coast of China and the best remedy was to recover the vessel, officials said on Friday. It was unclear how much bunker fuel was left aboard the tanker when it sank on Sunday after being ablaze for days but experts estimated it may have been carrying about 1,000 tonnes at the time of collision. "There have been multiple appearances of oil slicks of different sizes and types at the sinking spot and nearby...
Gas Natural Fenosa, Baleària Sign LNG Bunkering Deal
Spanish liquefied natural gas (LNG) operator Gas Natural Fenosa signed an exclusive 10-year LNG supply deal with Spanish ferry operator Baleària. According to the company release, the supply contract will initially apply to the ports of Barcelona, Valencia and Algeciras, then extended to all the peninsular ports operated by the shipping company together with the entire new fleet powered by this fuel committed to using LNG as an ecological fuel. The president of Baleària, Adolfo Utor…
Rescuers Resume Search for Sanchi Survivors
Rescue boats resumed their search in choppy waters of the East China Sea on Thursday for any survivors from the stricken Iranian oil tanker that collided with a freight ship and burst into flames at the weekend, the Chinese government said. The ship remains at risk of exploding and sinking due to spilled oil as the fire raged for a fifth day, the Ministry of Transportation said in a statement on Thursday. Rescue crews were forced to retreat on Wednesday after a blast on the tanker.
Transas Conference to Plot Industry’s New Course
Moving from smart talk to practical solutions and learning from other industries will be the twin themes of an industry event scheduled for Vancouver in March. Technology will be an enabler, but the maritime industry will have to be prepared to change its model to be a candidate for a smarter digital future. Meeting the real enterprise challenges blocking shipping’s digital journey is the focus for the Transas Global Conference 2018, whose ‘Enterprise Change’ agenda brings together global business leaders…
Union Maritime Tanker MT Barrett Disappeared in Gulf of Guinea
London-based tanker owner company Union Maritime vessel stated that, MT Barrett, a product tanker which was at anchor off Benin, West Africa has not been heard from since late on Tuesday 9th January. "On Wednesday we alerted local maritime authorities and are exploring all possible options and efforts as we continuously monitor the situation. Whilst we are tirelessly working to locate the vessel, our primary concern is for the 22 crew on board and ensuring their safety," said a press release from the company.
WE Tech to Equip Ektank Vessels
WE Tech Solutions said it has received an order to deliver its permanent magnet shaft generator solution to two new 18,600 dwt chemical tankers with an option for another two. The tankers are built by China State Shipbuilding Corporation (CSSC) Chengxi Shipyard for the Swedish ship owner Ektank AB. WE Tech’s equipment delivery to Hudong Heavy Machinery Co., Ltd. will commence in October 2017. WE Tech’s solution is based on variable frequency drive technology (WE Drive) and the direct drive Permanent Magnet Shaft Generator. The solution allows the main engine to run at variable speed while the electrical network is generated by the Shaft Generator. Therefore, there is no need to run the auxiliary engines or generators when sailing.
Attack on Saudi Oil Tanker Thwarted
The Saudi-led coalition fighting in Yemen said on Wednesday it had thwarted an attack on a Saudi oil tanker over the weekend by Houthi fighters near the Red Sea port of Hodeidah. The coalition destroyed a boat carrying explosives as it headed towards the tanker on Saturday, coalition spokesman Colonel Turki al-Maliki said. Yemen lies on the southern mouth of the Red Sea, one of the world's most important trade routes for oil tankers, which pass Yemen’s shores while heading from the Middle East through the Suez Canal to Europe.
Stricken Tanker Sinks, Leaves Large Slick in East China Sea
Two bodies, black box recovered from tanker before sinking; Iran says remaining 29 crew, passengers presumed dead. A stricken Iranian tanker that sank in the East China Sea on Sunday in the worst oil ship disaster in decades has produced a large oil slick, Chinese media and Japanese authorities said on Monday, as worries grew over damage to the marine ecosystem. The tanker Sanchi (IMO:9356608) had been adrift and ablaze after crashing into the freighter CF Crystal (IMO:9497050) on Jan.
Sea IT Inks ICT Deal with Veritas Tankers
Sea IT has signed a long-term ICT agreement with Veritas Tankers including installation of the BlueCLOUD Office platform at Veritas Tankers’ headquarters. BlueCLOUD Office is a cloud-based solution which fully integrates the fleet and the office communication as a one-stop-shop. BlueCLOUD Office is a dynamic service that enables Veritas Tankers management to instant access where they can easily add and remove users or change user rights. Besides BlueCLOUD Office, Veritas Tankers also benefit from the module BlueCONNECT, a virtual software that acts as mail server and carrier controller. Sea IT has previously entered a Fixed BlueCORE ICT agreement with Veritas Tankers to upgrade all its vessels - Astina, Astral and Astoria - during a three-year period.
Pirates Release Tanker and Crew in Gulf of Guinea
Product tanker MT Barrett has been released and all crew are safe following a six-day piracy incident in the Gulf of Guinea, U.K. based Union Maritime has confirmed. Union Maritime said it lost communications with its 11,999-dwt product tanker while the vessel was at anchor off Benin, West Africa on the morning of January 10, after which the company immediately implemented its emergency response plan and alerted regional maritime authorities and other vessels. A resolution process began when the pirates holding the MT Barrett made contact with the Union Maritime late on January 12.
U.S.-bound LNG Tanker with Russian LNG Diverted
A liquefied natural gas (LNG) tanker probably carrying some supply from a Russian export project has been diverted from the United States, ship-tracking data shows. Engie's Gaselys LNG tanker was diverted on Friday from the Everett terminal in Boston, Massachusetts, where gas prices have tapered off since spiking during a cold snap. The vessel picked up the cargo from storage tanks at Britain's Isle of Grain import terminal in early January. The delivery to the United States was unusual because the LNG at Isle of Grain's tanks also contained some supply from Russia's new Yamal export plant.
Aker Solutions to Supply Loading Systems for Shuttle Tankers
Aker Solutions has been awarded contracts for the supply of Pusnes offshore loading systems for ten shuttle tankers that will operate in Brazil and Norway. The total contract value for Aker Solutions is approximately NOK 150 million. Several major South Korean shipyards have awarded Aker Solutions contracts for the supply of Pusnes bow loading system for 10 suezmax shuttle tankers. Eight of the shuttle tankers are being built for various ship-owners, and will operate in Brazilian waters. Two of the shuttle tankers will operate for a Norwegian ship-owner at the Goliat field in the Barents Sea. The Pusnes bow loading system enables a safe and secure connection for the hose to the shuttle tanker.
Corvus to Supply Energy Storage for Hybrid Chemical Tanker
Corvus Energy Inc. has announced that it has been selected as the supplier of the lithium ion based energy storage system (ESS) for a new hybrid chemical tanker being built for Rederiet Stenersen AS of Norway. The chemical tanker will be the first vessel of its kind to utilize an ESS for propulsion. Corvus Energy will supply its next generation Orca Energy ESS solution to integrate with WE Tech Solutions’ propulsion system, which will deliver industry environmental performance for this new vessel.
TEN Sells, Leaseback Two Suezmax Tankers
Greece-based Tsakos Energy Navigation (TEN) has announced that it has sold for $65.2 million gross, through a five-year sale and leaseback transaction, the 2005-built Suezmax tankers Eurochampion 2004 and Euronike. The sale proceeds have been used to reduce debt and add $16.0 million of cash to TEN’s balance sheet. The vessels were delivered to their new owners in late December 2017. “Following the 15-vessel renewal program that was completed last quarter, the sale and purchase of vessels remains an integral part of TEN’s strategy to maintain its owned fleet modernity and enhance liquidity…
Sea IT Secures ICT Contract with Maersk Tankers
Sea IT informs it has signed a long term strategic ICT contract with Maersk Tankers covering all vessels operated within its fleet. The four-year-long ICT contract includes a unique modification of BlueCORE which has been customized to fit Maersk Tankers' global business operations and security standards. Under the contract, Sea IT will install a customized solution of its flagship product BlueCORE, a complete IT system including Wi-Fi, on the Maersk Tankers fleet, which includes approximately 100 vessels around the globe.