Tankers News - Oil, Chemical and Products Tanker Shipping Industry Updates

Tankers

Second fully-laden VLCC has departed LOOP with export cargo

March 29th, 20180 The Louisiana Offshore Oil Port (LOOP) announced on Wednesday that this month it has successfully loaded its second VLCC for export and the vessel is heading for a port...

Tankers

Nobu Su’s last ship arrested and set for auction

March 28th, 20180 One of the last vestiges of the shipping empire built by Taiwanese tycoon Nobu Su has been put up for sale. The , a 320,000 dwt very large oil/ore (VLOO) combination...

Tankers

USCG calls off search for seafarer missing from Island Navigation tanker off Alaska

March 28th, 20180 US Coast Guard (USCG) said it has called off its search for a crewman missing presumed overboard from an oil products tanker off of Alaska. The man, aged in his early...

Tankers

The risk of further tanker market downside

March 27th, 20180 Despite the positive consensus on medium-term fundamentals, a scenario-based analysis reveals the fragility of such assumptions, writes Tim Smith from Maritime...

Tankers

Grindrod plans shipping spin-off

March 27th, 20180 Grindrod has announced plans to spin off its shipping division on the Nasdaq among a host of other changes on the cards at the South African logistics company. Mike...

Tankers

Canadian tanker firm makes rare buying foray

March 26th, 20180 Canada’s Coastal Shipping, a small Canadian tanker owner, has bought its first ships for many years. Broker sources tell Splash Coastal has added two 20,000 dwt...

Tankers

Eastern Pacific tipped as buyer of Mitsubishi aframax quartet

March 26th, 20180 Japan’s Diamond Tanker, part of Mitsubishi Corporation, has found a buyer for four of its aframaxes. Brokers are tipping the aggressive Idan Ofer- controlled Eastern...

Tankers

Maritime CEO Forum: Don’t be tempted by low tanker newbuild prices

March 22nd, 201824 Do not be tempted by very low tanker prices on offer from yards in Asia. That was the message from the high level panel at last week’s tanker session during the...

Tankers

Weekly Broker: Bulker appetite cools

March 22nd, 20180 Owners’ passion for secondhand bulk carriers cooled down a bit with lower transaction volumes this week, while interest for feeder boxships proved a steady...

Tankers

Amurskaya Neftebaza orders tanker at Dajin Heavy Industry

March 20th, 20180 Russian oil product supplier Amurskaya Neftebaza has placed an order at China’s Dajin Heavy Industry, a subsidiary yard of Shanghai Bestway Enterprise Development, for...

Tankers

Astounding volumes of VLCCs being scrapped still not enough to offset incoming deluge of newbuilds

March 19th, 20180 The number of older VLCCs sent for scrap so far this year has been “somewhat astounding”, Clarkson Research states in its latest weekly report. Fellow broker...

Tankers

Detained Varun Shipping tanker sold at auction

March 19th, 20180 Shanghai Maritime Court has sold the 1997-built aframax tanker via an online auction on Taobao. The vessel was abandoned by Indian owner Varun Shipping and detained...

Tankers

Aurora Tankers declares options on four MRs at GSI

March 19th, 20180 Singapore’s Aurora Tankers, part of IMC Group, has declared options on four additional 55,000 dwt MR tankers at China's Guangzhou Shipyard International. News of...

Tankers

KOTC orders VLCC at Bohai Shipbuilding Heavy Industry

March 16th, 20180 State-owned Kuwait Oil Tanker Company (KOTC) has signed a shipbuilding contract with China’s CSIC-affiliated Bohai Shipbuilding Heavy Industry for the construction of...

Tankers

Korea Line confirms VLCC order at Hyundai Heavy

March 16th, 20180 South Korean shipping firm Korea Line has officially placed an order at compatriot yard Hyundai Heavy Industries for the construction of two VLCC newbuildings. The...

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Splash Dash

LNG not shipping’s green panacea, as IEA warns of ‘huge disruption’ over looming 2020 sulphur cap
A report out this week suggests LNG is not the panacea for shipping’s fuel concerns now that... Apr 19th, 2018 inEnvironment
Sinokor to take over 30 feeder boxships from Vroon
South Korean owner Sinokor Merchant Marine is taking over a fleet of 30 feeder containerships from... Apr 19th, 2018 inContainers
Weekly Broker: En bloc deals dominate
Activities in the secondhand bulker sale and purchase market kept up a steady trend this week after... Apr 19th, 2018 inOperations
Grindrod completes historic sale of its bunker division
South African transport giant Grindrod has sold its bunker subsidiary, Unicorn Bunker Services, for... Apr 19th, 2018 inBunkering
Lessons for effective and sustainable safety communications in the logistics industry
Des McGowan from Insync ponders whether we should focus on safety compliance or safety... Apr 19th, 2018 inContributions
International Transport Forum calls for greater, more harmonised use of port-based incentives
Port-based financial incentives to mitigate greenhouse gas (GHG) emissions currently remain... Apr 18th, 2018 inEnvironment

McDermott management stands firm in face of growing Subsea 7 overtures

Fredriksen lifts stake in Avance Gas to near 20%

Maersk and Sea Machines to trial AI situational awareness system

KfW IPEX-Bank joins green ship recycling initiative

McDermott management stands firm in face of growing Subsea 7 overtures

Norvic Shipping: Fleet about to broach the century mark

Shell decides to invest in Vito development offshore Louisiana after cutting costs

Intermarine transfers leasehold of terminals on Houston Ship Channel to Watco

19 tankers being held by Houthis in Yemen

KOTC splashes for four MRs at Hyundai Mipo

Former BP boss Browne joins Israeli maritime startup’s board

KOTC tanker fleet set to double through to 2040

MOL consolidates logistics business under new brand

Singapore collaboration to develop autonomous vessels

Gemadept Shipping snaps up feedermax from Tsurumi Kisen

Amann Shipping acquires feedermax boxship from Heung-A

Shenghang Shipping looks to establish financial leasing arm

Lawsuits pile up against embattled Noble Group

Yangzijiang Shipbuilding acquires major stake in domestic bulker owner

CSC Phoenix reports risk of capacity shortage

Korea Line ordering another pair of VLCCs