Connecting gears of the energy transition

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

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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LR: Industry Players Join Forces on Ammonia-Fueled Tanker

Ammonia-fueled tanker

MISC Berhad, SHI, LR and MAN Energy Solutions have decided to work together to develop an ammonia-fueled tanker.

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