Bermuda-based ship owner and charterer SFL Corporation has agreed to acquire four modern Aframax LR2 product tankers for an aggregate purchase price of $160 million. The post SFL to buy product…
https://www.offshore-energy.biz/sfl-to-buy-product-tanker-quartet-from-frontline-in-a-160m-deal/
A brand-new product tanker collided with Greek bulk carrier in Manila Bay 3 nm north of Cavite City, at 2150 LT (UTC +8) Apr 7, in the Manila anchorage area, reports Maritime Bulletin.
What happened?The new product tanker reportedly was leaving anchorage, she arrived there in the morning Apr 7 from Thailand Gulf of Siam, probably to get supplies or carry out crew change, with cargo of gasoline on board, though obviously, she’s only partially loaded.
The bulk carrier was en route from Kalimantan...
https://mfame.guru/watch-tanker-bulker-collided-both-seriously-damaged/
The Valles Steamship has become a contractor for product tanker at STX, says an article published in splash 247
The Koo family-controlled Valles Steamship from Hong Kong has emerged as the contractor for a product tanker at STX Offshore & Shipbuilding in South Korea.
Valles pays $34.5m for deliveryAnchor Shipbroking suggests Valles is paying $34.5m for the prompt delivery of the 50,000 dwt ship next year. The export order is very significant on STX’s road to recovery.
Last month private equity...
Seven Islands Shipping (SISL) is looking to diversify from its tanker origins into gas carriers and boxships, reports BusinessLine.
Fast-growing SISLFast-growing Seven Islands Shipping (SISL) is looking to diversify from its tanker origins into gas carriers and boxships.
The Indian line, controlled by Prem Watsa, has 20 crude and product tankers currently in its fleet.
The largest shareholder in SISLFairfax India Holdings Corporation has the largest stake in Seven Islands. Watsa, chairman of...
https://mfame.guru/tanker-shipping-company-eyes-gas-carrier-boxship-entries/
Crude tankers are seeing “classic signs of recovery.” “Newbuilding orders are extremely low. We have the lowest orderbook is in 25 years.” On the product-tanker side of the equation, “refineries are shutting down so products are being shipping from further away, which is very interesting from a ton-mile point of view.”
Those quotes are from a shipping conference in New York in 2011, a full decade ago.
A few quotes circa-2017: “New capacity additions for global refineries are set to double, a...
https://s29755.pcdn.co/news/all-eyes-turn-to-timing-of-the-tanker-rate-recovery
d’Amico International Shipping S.A., announces that its operating subsidiary d’Amico Tankers D.A.C. (Ireland) (“d’Amico Tankers”), exercised its purchase option on the MT High Priority, says a press release published on their website.
Vessel purchased’Amico International Shipping S.A., announced that its operating subsidiary d’Amico Tankers D.A.C. (Ireland) (“d’Amico Tankers”), exercised its purchase option on the MT High Priority (the “Vessel”), a 46,847 dwt MR product tanker vessel, built in...
Maersk Tankers sold its 2008-built product tanker, the world’s first product tanker to test the use of wind propulsion technology, reports Splash 247.
About the sold product tankerRotor sails were installed onboard the vessel Maersk Pelican in 2018 and the company claimed that it showcased an 8.2% drop in fuel consumption and emissions over a one-year test period.
Who is the new owner?According to Ship registration information, the vessel is now owned by Indonesian owner Buana Lintas Lautan...
https://mfame.guru/maersk-sells-product-tanker-equipped-with-rotor-sails/
A tanker berthed at Jeddah, Saudi Arabia, reportedly suffers an explosion at around 2210 UTC Dec 13.
The cause for the explosion is due to some external factors.
According to a recent news article published in the Maritime Bulletin, written by Erofey Schkvarkin, a tanker berthed at Jeddah, Saudi Arabia, suffers an explosion at around 2210 UTC Dec 13.
Also a news article in Business World highlights the other vital details concerning the explosion.
What happened?Tanker BW RHINE, berthed at Jeddah,...
Greek product tanker gets attacked and looted by pirates, reports Maritime Bulletin.
Product tanker attackedProduct tanker NEW RANGER was attacked at around 0720 UTC Dec 5 in Gulf of Guinea, some 200 nm south of Lagos Nigeria, while en route from Luba Equatorial Guinea, to Douala Cameroon.
Reportedly the ship was boarded, AIS went off at the time of attack, reappeared half an hour later. At 1220 UTC she was steaming at her cruising speed, in general direction of her port of destination.
Crew safe?
T...
https://mfame.guru/pirates-attack-product-tanker-twice-in-less-than-24-hours/
Product tanker major Hafnia Limited believes that further consolidation is needed within the product […] The post Hafnia CEO: Further consolidation needed within the product tanker sector…