Connecting gears of the energy transition

The energy transition is one of the greatest challenges of our time

BIMCO: Tanker Shipping to Face Two Different Realities

Tanker

The tanker shipping industry will likely face two contrasting realities, shipping association BIMCO said.

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McKeil Marine Buys 5th Ship in 13 Months

Tanker

Canada’s McKeil Marine acquires the Adfines Sea, an intermediate-sized ice class 1A product tanker.

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OSG Wraps Up ATC Acquisition, Tanker Purchase

Tanker

Overseas Shipholding Group (OSG) completes the acquisition of Alaska Tanker Company (ATC).

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TEN Unveils USD 104 Mn Tanker Quintet Sale

TEN

Greek Tsakos Energy Navigation is to sell five vessels as part of its fleet modernization plan.

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Frontline Raises Cash to Finance Ten Trafigura Suezmaxes

Frontline

Frontline signs a USD 544 million sale-and-leaseback agreement with China’s ICBCL.

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Saudi Coalition Thwarts Attack on Tanker off Yemen

Tanker

A tanker was attacked while en route to the Port of Aden.

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Hyundai Mipo Inks Deal to Build Chemical Tanker

Tanker

Hyundai Mipo Dockyard has received an order for the construction of a chemical tanker.

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Samsung Heavy Secures USD 300 Mn Order for 3 Shuttle Tankers

SHI

Samsung Heavy Industries has won an USD 300 million order for the construction of three shuttle tankers.

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Euronav Sells One of Its Oldest Suezmaxes

Tanker

Euronav NV has decided to dispose of one of its oldest Suezmax vessels, the 2003-built Finesse.

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TOP Ships’ JV Offloads MR2 Pair

TOP Ships

TOP Ships’ JV sells M/T Holmby Hills and M/T Palm Springs.

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Ten Seafarers Kidnapped from Tanker off Cotonou

Tanker

Ten crew members have been kidnapped from a crude oil tanker off Cotonou, Benin.

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Performance Shipping Step Closer to Pure Play Aframax Firm

Tanker

Performance Shipping signs a memorandum of agreement (MoA) to purchase a 2007-built Aframax tanker.

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Grindrod Shipping Ups Stake in IVS Bulk JV, Sells Tanker

Bulker

Grindrod Shipping Holdings is to acquire an additional stake in IVS Bulk joint venture and sell a tanker.

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Euronav Buys VLCC Resale Trio

Euronav

Euronav NV is to acquire via resale three very large crude carrier (VLCC) newbuilds.

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TOP Ships Offloads Two More Tankers

Top Ships

TOP Ships has entered into agreements to dispose of an MR2 tanker pair.

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SFL Offloads VLCC, Terminates Charter with Frontline

VLCC

SFL Corporation has sold and delivered Front Hakata, a 2002-built very large crude carrier.

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Tanker Revenues Boost Performance Shipping’s Earnings

tanker

Performance Shipping reported revenue growth in Q4 2019, which was mainly driven by tanker earnings.

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Kidnapped Seafarer Received Medical Help from Pirates

pirates

A kidnapped seafarer of MV Duke was provided with medical help by pirates but they did not manage to save him.

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Crew Evacuated from Sinking Bitumen Carrier

Indian Coast Guard

Thirteen Indian crew members have been rescued from a Panama-flagged bitumen tanker in the Arabian Sea.

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Master Fined after Failing to Timely Report Engine Failure

Tanker

The master of a tanker has been convicted after failing to report without delay a main engine failure.

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Kidnapped Duke Crew Released, One Dies in Captivity

Tanker

Nineteen kidnapped crew members of the tanker Duke have been released while one seafarer died in captivity.

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