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Ocean Tankers Looks to Return Most Ships to Owners
The court-appointed manager for Ocean Tankers Pte Ltd has applied to the Singapore court to return most of the ships the company manages to the shipowners, as cash is running low and Ocean Tankers will not be able to maintain the fleet, two sources with knowledge of the matter told Reuters.If successful, the move will allow Ocean Tankers, the chartering arm of embattled oil trader Hin Leong Pte Ltdā¦
Ocean Tankers covers IPO, asks for extension
The Financial Mirror has reported that Ocean Tankers Holdings Pcl has covered its initial public offering but has requested an extension until November 8 in orderā¦
Ocean Tankers IPO to Raise $15m
According to Financial Mirror, Ocean Tankers Holdings Public Co. will be the first ocean-going shipping company to go public on the Cyprus Stock Exchange later this summerā¦
Ocean Tankers Seeks to Reclaim $19 Mln from Lim Family
The court-appointed manager of Singapore Ocean Tankers (Pte.) Ltd is seeking to reclaim about $19 million from the Lim family directors of the firm, who allegedlyā¦
Ocean Tankers Seeks Judicial Management
Singaporean shipping firm Ocean Tankers (Pte) Ltd, a unit of troubled oil trader Hin Leong Trading Pte Ltd, has applied to be placed under the management of a court-appointed supervisorā¦
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 theā¦
Ocean Tankers Placed Under Court-appointed Supervisor
Two EY executives in Singapore have been appointed interim judicial managers of Ocean Tankers, the accounting firm said on Tuesday, following a Singapore court hearingā¦
Ocean Tankers Purchases Fourth Ship
Ocean Tankers Holdings Public Company Limited has increased its fleet to four ships with the delivery of tanker M/T Montauk. M/T Montauk has been renamed to M/Tā¦
Ocean Tankers to Raise $13m from IPO
Ocean Tankers Holdings PCL aims to raise about $13.38m from the initial public offering (IPO) that starts in the first such issue of a new company to list on the Cyprus Stock Exchange in two years.
Bank Seeks Impounding of Ocean Tankers' Ships
India's ICICI Bank is seeking the impounding of two vessels operated by Ocean Tankers (Pte) Ltd, a unit of Singapore oil-trading company Hin Leong Trading Pte Ltd (HLT), an ICICI source said on Monday.The tankers, Wu Yi San and Chang Bai San, were carrying cargoes financed by ICICI, the source said, adding that the bank had about $100 million exposure to HLT.According to a court filing reviewed by Reuters, HLT's founder and director had directed his firm not to disclose hundreds of millions of d
Ocean Tankers' Supervisor to Start Restructuring Talks with Owners
EY, the court-appointed supervisor for Ocean Tankers Pte Ltd (OTPL), has proposed two restructuring options to the shipping company's owners and could meet withā¦
Singapore's Ocean Tankers tests IMO-2020 Compliant Fuel
Off the coast of Singapore, the world's largest ship refuelling centre, a bunker barge sidled next to the supertanker Pu Tuo San to fill the giant vessel with a new type of fuel that will meet global standards that start up in January.With a little over five months left until stricter marine fuel rules come into effect, shippers such as Singapore's Ocean Tankers that own the very large crude carrierā¦
Ocean Tankers Acquires New Ship
Ocean Tankers Holdings Public Company Ltd (OCT) announced that within the framework of the companyās policy for the improvement of its fleet, it has reached an agreementā¦
Ocean Tankers Plans $45M Rights Issue
Ocean Tankers Holdings, the only public company quoted in the āShippingā sector of the Cyprus Stock Exchange, is planning a $45m rights issue to part fund the acquisition of eight new oil tankers.
Ocean Tankers Receives New Tanker
Tankers has received the new double-hull tanker M/T Stavrodromi of 15,500 tons. With the receipt of M/T Stavrodromi, the fleet increased from 14 to 15 tankers. Theā¦
Ocean Tankers Awarded Contract
Following a public Government Tender, the company was awarded the Contract last April 21, for (a) the study and construction of the necessary infrastructure (SPMā¦
Russia Adds Four LNG Carriers to Fleet
Russia has added four LNG carriers to its fleet, LSEG ship-tracking data and the Russian ship register showed on Wednesday, which could help the country to increase its market share ahead of an EU ban on Russian gas imports.The European Union in January gave its final approval to a ban on Russian gas imports by late 2027.The bloc has also imposed sanctions on Russia in response to its war on Ukraine.
UAE Accuses Iran of Attacking Empty Oil Tanker in Strait of Hormuz
The United Arab Emirates on Monday accused Iran of attacking an empty crude oil tanker belonging to the Abu Dhabi state oil firm ADNOC with drones as it attempted to pass through the Strait of Hormuz.ADNOC's maritime energy logistics unit said the Barakah was empty when it was attacked by two drones, and no injuries were reported."The UAE further stressed the need for Iran to halt these unprovoked attacksā¦
U.S. Forces Disable Unladen Tanker Attempting to Violate Blockade
U.S. forces operating in the Gulf of Oman enforced blockade measures by disabling an Iranian-flagged unladen oil tanker attempting to sail toward an Iranian port at 9 a.m. ET, May 6.U.S. Central Command (CENTCOM) forces observed M/T Hasna as it transited international waters enroute to an Iranian port on the Gulf of Oman. American forces issued multiple warnings and informed the Iranian-flagged vessel it was in violation of the U.S.
Hanwha Ocean Partners with Thordon Bearings on Canadian Submarine Bid
South Koreaās Hanwha Ocean and Canadian marine bearing manufacturer Thordon Bearings have signed a memorandum of understanding (MoU) to explore cooperation on Canadaās submarine procurement program and other naval projects.The agreement focuses on the Canadian Patrol Submarine Program, one of the largest conventional submarine procurement programs currently planned, under which Hanwha Ocean has beenā¦
