Odfjell, a Norwegian company engaged in transportation and storage of bulk liquid chemicals, acids, edible oils and other special products, reported an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of USD 27 million in its report for the first quarter of 2013. Based on the report, EBITDA reflects a slightly better chemical tanker market [...]
‘Bow Pioneer’, the first ship built by DSME, has been revived after thirty years. The naming ceremony for Hull No. 2018, the world’s biggest 75,000 DWT chemical tanker ordered by Odfjell SE was held at E2 quay on 29th April. Mrs. Arnhild Odfjell, spouse of Mr. Bernt Daniel Odfjell, the former chairman of Odfjell, named [...]
May 6, 2013 | Posted in
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The Board of Directors of the Great Eastern Shipping Company Ltd. (G E Shipping) today approved the Audited Results for the financial year ended 31 st March 2013. With respect to sale and purchase activities during the fourth quarter of the 2012-13 fiscal year the Company sold and delivered its 1995 built Panama x dry [...]
May 6, 2013 | Posted in
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Russian shipbuilder Okskaya (Oka) has launched the ninth sea/river tanker of project RST27, the ‘VF Tanker – 19′. Project RST27 vessels, designed by Marine Engineering Bureau, are constructed for the shipping company V.F.Tanker (part of VBTH, majority owned by Universal Cargo Logistics Holding). Special requirements of the Russian and world petroleum companies, additional ecological RS [...]
Tsakos Energy Navigation Limited, a leading product, crude and LNG tanker operator today announced the successful delivery of its second fully coated DP2 suezmax shuttle product tanker, Brasil 2014, from South Korea. The Brasil 2014 is a sister vessel to the Rio 2016 that was delivered in March. Both vessels are being deployed on 15-year [...]
The skipper of a Belgium registered beam trawler has today been ordered to pay a total of £2,345 in fines and costs after pleading guilty to offences under the International Regulations for Preventing Collisions at Sea (Colregs). Jeffry Demeester, the skipper of FV Deborah, appeared at West Hampshire Magistrates Court this morning. During the early [...]
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that the Nave Atropos, a newbuilding LR1 product tanker vessel of 74,695 dwt, was delivered yesterday from Sungdong Shipyard in South Korea. Nave Atropos has been chartered out to a high quality counterparty for one year at a rate of $11,850 net per day [...]
April 25, 2013 | Posted in
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![Nordic American Tankers to Acquire New Suezmax Tanker]()
On March 20, Nordic American Tankers Limited (NAT) announced that the company has entered into a preliminary agreement to acquire its twenty-first vessel, a very modern double-hull Suezmax tanker delivered from a top yard in South Korea earlier this year. The agreed purchase price is in the region of $55 million. This first class vessel [...]
March 21, 2013 | Posted in
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The sixth tanker of RST22M Project named Bakhtiar Vahabzade, built by the Besiktas Shipyard for Palmali Group, was delivered to the owner on 15 March 2013. In total ten vessels of Project RST22M were ordered by Palmali Group from Besiktas Shipyard. The Shipyard plans to perform all orders by the end of 2013. The Project [...]
March 19, 2013 | Posted in
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![Canada: Harper Government Announces World-Class Tanker Safety System Measures]()
The Harper government yesterday announced a number of measures toward the creation of a World-Class Tanker Safety System. The implementation of eight tanker safety measures was announced along with the introduction of the Safeguarding Canada’s Seas and Skies Act, and the creation of a Tanker Safety Expert Panel to review Canada’s current tanker safety system [...]
