LR Tankers Archives - Maritime Shipping News

Union Maritime opts for WindWings on two newbuild LR tankers

12 March 2024

Two long range tankers under construction at Shanghai Waigaoqiao Shipbuilding (SWS) in China for London-headquartered tanker operator Union Maritime have joined the growing list of newbuildings being fitted with auxiliary wind propulsion. Each will be fitted with three BAR Technologies’ WindWings hard sails.

The 114,000 dwt LR2 tankers have been designed in-house by SWS and will be classed by Lloyd’s Register. Delivery is expected in late 2025.

According to BAR Technologies, WindWings offer...

https://www.marinelog.com/technology/union-maritime-opts-for-windwings-on-two-newbuild-lr-tankers/

3 LRs Are Discharged By Prime Marine

24 March 2023

Credit: Filipp Romanovski/Unsplash

Greek tanker player Prime Marine, led by Stathis Topouzoglou, has benefited from the current recovery by selling a number of LR tankers in the first quarter of the year, as reported by Splash247.

Transporting from Russia to India

According to sources, Gatik Ship Management, a rapidly expanding company in Mumbai, has purchased the River Shiner and Emerald Shiner, two ice-classed, 74,000 dwt tankers that were both constructed in 2005 at STX in South Korea.

Gatik...

https://mfame.guru/3-lrs-are-discharged-by-prime-marine/

FSL Trust To Sell Two LR2 Newbuilds

18 February 2021

First Ship Lease Trust (FSL Trust) announces its memoranda of an agreement to sell two LR2 product tanker new buildings, reports The Edge.

About the agreement

FSL Trust said its wholly-owned subsidiaries have executed memoranda of agreement to sell two LR2 product tanker newbuilding, the FSL Suez and FSL Fos to an unrelated third party.

According to FSL Trust, it has received the initial 15% deposit in escrow.

Waivers disclosed

The trustee-manager of the Trust adds that it has decided to waive the...

https://mfame.guru/fsl-trust-to-sell-two-lr2-newbuilds/

BoComm Financial Leasing ‘Clinch the Deal’ for New LR Tankers!

10 June 2020

China State Shipbuilding Corporation (CSSC) has clinched a deal for twelve 120,000-dwt dual-fuel tankers with Bank of Communications Financial Leasing.
The investment is worth whopping 4.6 billion yuan ($657 million) and comes at a very difficult time for the shipbuilding sector.
The ships will feature an optimized version of the LNG-powered LRII dual-fuel oil tanker design and will exceed the IMO TIER III emissions standard.

Chinese shipbuilding giant China State Shipbuilding Corporation...

https://mfame.guru/bocomm-financial-leasing-clinch-the-deal-for-new-lr-tankers/

Clean Tanker Market Witness an Uptick in Freight Rates for Dirty Vessels

30 October 2019

Shipowners in the clean tanker market have observed the sharp uptick in freight rates for dirty vessels, as continued tightness for Aframax vessels in particular has allowed owners to hold a strong position in commanding firmer indications in recent weeks.
LR owners have assessed the feasibility of converting to dirty products and highlight the sharp upturn in Aframax freight rates in the North Sea as a marker for the higher profit margins.

Long range clean tanker owners West of Suez are...

http://mfame.guru/clean-tanker-market-witness-an-uptick-in-freight-rates-for-dirty-vessels/