tanker shipping news

New building contracts for the global tanker fleet expressed as a percentage share of the order book amount to 7.1% for VLCCs, 10.5% for Suezmaxes, 9.4% for Aframax/Long Range 2, 13.1% for Panamax/Long Range 1 and 6.7% for Medium Range tankers, according to the … Global Shipping, Maritime and Offshore Marine News. November 27, 2020. The fleet entrusted to UPT comprises … Deliveries of oil product tankers have been low too, with owners hungry for new tonnage to beat the IMO 2020 Sulphur Cap and the boost many thought it would bring to oil product tanker shipping. Tanker shipping company Nordic Shipholding books a USD 9.5 million deficit for the third quarter. Those of Frontline Ltd., advanced 5.9% to 69.10 Norwegian kroner in Oslo on Friday. Overview Dry Freight Tankers Containers Marine Fuel Get in Touch. Tanker shipping at risk of rare winter hibernation in International Shipping News 18/11/2020 Three months ago, tanker owners hoped for a quick rebound and talked up fleet expansion via consolidation. France’s Sogestran Group is taking a majority stake in Dutch chemical tanker specialist De Poli…, The Maltese-flagged aframax tanker vessel , operated by George Economou’s TMS Tankers, was reportedly struck by an explosive device at…, The secondhand bulk sale and purchase saw a fruitful week with a large number of ships changing hands with almost…, In the latest sell-off from Xihe creditors in Singapore, Eyal Ofer-led Zodiac Maritime has snapped up two VLCCs, the 2011-built…, With tanker rates looking dire for the winter and beyond, the Suez Canal Authority has taken the decision to slash…, John Fredriksen’s Frontline has entered into three senior secured term loan facilities for a total of up to $485.2m. This would be bad news for the tanker shipping industry given the much longer sailing distances from the US to the Far East than from the Middle East. in International Shipping News 18/11/2020 Three months ago, tanker owners hoped for a quick rebound and talked up fleet expansion via consolidation. India +91-22-41271324 View vessel details and ship photos. Finally, tanker shipping … Following industry consultation, and acting on feedback, RightShip has made amendments to Safety Score methodology, providing a clear and transparent pathway to improved safety standards. Tanker Summit (TANCO 2021): Bringing To You The Most Diversified List of Speakers. T he tanker market is bound for a revival, but just how soon this will come is anyone’s guess. The 69-slide presentation, led by Christopher Rex, has a strong…, Canada’s Waterfront Shipping Company, a subsidiary of methanol producer and supplier Methanex Corporation, is adding eight new methanol dual-fuel tankers…, Diamond S Shipping has confirmed that four crew have been kidnapped from its product tanker . Us, ABS and DSME sign JDP to explore using solid oxide fuel cells on-board VLCCs, Columbia’s Mark O’Neil elected as InterManager President, First full-flow ballast water management system to receive Chinese Flag and CCS Type Approvals, RightShip launches familiarisation period for updated Safety Score, ShipMoney’s growth drives addition of new client managers, Piracy attacks on oil facilities and vessels: An issue the U.S. could soon face, Oil tanker hit by blast at Saudi terminal, Saudi Arabia confirms, Tanker contacted embankment in Hamburg, seriously damaged, VLCC tanker caught in storm ordered to remain adrift, Sarawak minister urges Putrajaya to allow single hull to operate in rivers and coastal waters, Greek tanker attacked in the Gulf of Guinea losing four crew, Feds shelve plans to dredge San Francisco Bay for oil tankers, Attack on tanker southwest of South Bayelsa State thwarted by guards, OSG selects oneTank for aftpeak ballast treatment solution, Shipping post COVID - practicality of decarbonisation - Hafnia and vessel performance, Enclosed space accidents..what the seafarer says, Making digital technology work easier to work with, A modern crewing strategy with people in the centre, Machinery, Equipment, and Onboard Systems, Ice Class Tanker Market There are many tanker reports in the market. CONFIDENTIALTY CL. Increasing chemical trade … The Sarawak Ministry of Transport has appealed to the federal Transport Ministry to allow registered single hull, single bottom tanker ships to operate in the coastal waters and rivers of Sarawak. Fleet news; Product tanker fleet is set to grow by 2.5% this year, down from the 4.7% of last year (ordering ahead of IMO2020). Shipping Tankers. There are broader implications for all vessel types – on fuel pricing, chartering sentiment and possibly even trade politics – but crude tankers are most directly in the line of fire. Based in Hamburg/Germany, and with offices in Stamford, CT/USA and Limassol/Cyprus, the UPT activities include the commercial management of product tankers and the operation of the UPT Handy- and UPT Panamax Pool. The effect of lifting the ban hit the U.S. shipbuilding sector as well, due to the Jones Act’s domestic build requirement. Shares of oil tanker companies jumped. Search the MarineTraffic ships database of more than 550000 active and decommissioned vessels. Shares of oil tanker companies jumped. Hellenic Shipping News Worldwide Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping ... Weekly Tanker Time Charter Estimates. By Trond Lillestolen and Holly Birkett in Oslo and London Denmark's Torm has acquired two MR tankers from Cido Shipping at a lower price than a … Product tanker NORTHSEA RATIONAL in load contacted embankment in Neumuelen, Hamburg, in the morning Nov 25, while maneuvering to berth. The surge in COVID-19 cases in the past few days took a toll on stocks of tanker shipping companies and key US market indices. GAC reported cargo ship ran aground on 42 kilometer mark in Suez Canal, abeam of Ismailia, at around 0830 UTC Dec 3. Visit TradeWinds for the best news, insight and opinion covering the global shipping business. Find here the updated list of the latest news about tankers from Splash 247 maritime and shipping news. Latest News Tankers ... Great Eastern Shipping offloads oldest suezmax tanker pair Waterfront Shipping Company Ltd. (WFS), a wholly-owned subsidiary of Methanex Corporation, announce the addition of eight new … Dec 1, 2020 / Vessels BHP awards LNG supply agreement to Shell for LNG-fuelled iron ore vessels But there's nothing usual about 2020. LNG dual-fuel orders overtake LNG-ready Tanker shipping at risk of rare winter hibernation “Winter is Coming” is a warning in House Stark and (usually) a blessing for tankers. Latest Tankers Market Insights See the Tankers news. Find here the updated list of the latest news about tankers from Splash 247 maritime and shipping news. Latest Tankers Market Insights See the Tankers news. Post-Panamax container ship lost at least 27 containers in the Atlantic Nov. 20, 2020 at 07:02 by Mikhail Voytenko At least 27 containers were lost in the middle of the Atlantic early in the morning Nov 20. The deficit is largely due to impairments on ships totaling USD 8.7 … Read More. Clarksons Platou is one of the top shipbroking firms in the world. provides all news from tanker shipping, dry bulk, dry cargo, Ship Recycling, offshore. provides all news from tanker shipping, dry bulk, dry cargo, Ship Recycling, offshore. Shipping companies that continue to operate Jones Act tankers to transport crude oil have been forced to significantly cut their shipping rates, according to those interviewed by GAO. Cyprus Shipping News. Euronav NV climbed 5.2% to 8.165 euros in Brussels. Gibson Shipbrokers Weekly Tanker Market Report. The recent positive news about two vaccine candidates caused tanker industry executives to perk up as an effective and safe vaccine would mean a return to normal at some point. Thanks to the renewed links with Navigazione Montanari…, While 2020 is on course to be a rare year where global seaborne trade volumes will fall, the average distance…. ABS has awarded AET the SMART (INF) Notation for its 152,700 DWT DP2 shuttle tanker, Eagle Passos, which was built and delivered by Samsung Heavy Industries Co., Ltd. (SHI). Covid-19’s seismic effect on the fortunes of tanker owners is beginning to become clearer. The…, India is planning to double its oil refining capacity in the next five years, the country’s prime minister Narendra Modi…, Chinese private petrochemical group Zhejiang Rongsheng Holding has signed a framework agreement with state-run shipping conglomerate Cosco Shipping Group to…, Danish marine fuels company Monjasa has announced the acquisition of a 2009-built 9,200 dwt chemical tanker from Golden-Agri Stena, a…, Lugano-based Petraco has renewed its charter ties with Navigazione Montanari for 2021. Saudi Arabia's Oil Tanker Flotilla Is Reaching The U.S., ... a shipping news service in London. Global shipping prices, market and other tanker information. While the comments on the call were about crude tankers, almost all of them could apply to all modes of shipping. Euronav NV climbed 5.2% to 8.165 euros in Brussels. your username. The practice of loading containers so far forward and so hig... Well it was to be expected after MSC Zoe loss of containers... Whats the agency in philippines do they use..? Chevron follows Exxon in slashing capital spending, Xihe quartet placed into Maersk Tankers pools, Danish Ship Finance discusses stranded assets and peak seaborne trade volumes in new report, Waterfront Shipping orders eight methanol-powered tankers at Hyundai Mipo, Four kidnapped from Diamond S Shipping product tanker, Images emerge of hull damage from Saudi mine blast, Great Eastern Shipping offloads suezmax pair, ABS and DSME partner up on solid oxide fuel cell development, Sogestran invests in De Poli Tankers to jointly acquire Team Tankers’ European chemical tanker business, Greek aframax tanker hit by explosive device in Saudi Arabia, Weekly Broker: Dry bulk finally bottoms out, Suez Canal slashes tolls in half for laden VLCCs heading from Europe to Asia, India looks to double oil refining capacity in next five years, Rongsheng Holding forms strategic partnership with Cosco, Monjasa buys chemical tanker from Golden-Agri Stena, Petraco renews charter agreements with Navigazione Montanari, Global seaborne trade to contract 3.6% in 2020, MSC launches Christmas competition and unveils festive knitwear, Insurance claims from ONE Apus box spill set to top $50m, Asia – Europe spot rates up 200% year-on-year, Map details rising incidents of crew abandonment, Insurers brace for big bill as ONE reveals 1,900 boxes lost at sea, Norwegian shipowner handed jail sentence in landmark demolition ruling, Logistics giant DSV charters three MPPs amid super tight slot availability to launch Denmark – China route, Project Manager (Vessel IT) Initial 6 Month Contract - Japan, General Manager Commercial Governance (LNG), Consolidated shipyards stick to production schedules. Monday, November 23 2020. The largest oil tanker shipping companies in the world facilitate the majority of crude oil trade globally.They ship hundreds of billions of barrels of crude oil each year. The drone attacks on Saudi Arabia’s oil facilities could have far-reaching consequences for ocean shipping. © Asia Shipping Media Pte Ltd 2020. Drewry is an independent maritime research consultancy offering market insights and advisory services to senior stakeholders across the global shipping industry. According to brokers, the lease sale includes the sale of five tankers built by Sungdong Shipbuilding & Marine Engineering between 2016 and 2017, and another nine vessels built by Samsung Heavy Industries Ningbo shipyards between 2018 and 2020. ... Four kidnapped from Diamond S Shipping product tanker. The cause of the accident is yet unknown. Tankers. Martin Shaw, Managing Director/Chair, MOAMS Ltd/IMAREST human element sub-committee, Capt. Tankers. This page features all the latest news and developments in tankers and liquid bulk shipping. Overseas Shipholding Group (OSG) has chosen oneTank, a Seattle-based ballast water treatment system manufacturer, to provide an aftpeak ballast water treatment solution for vessels in their fleet. Gulf of Guinea: Pirates kidnap 10 crew - According to reports, pirates have kidnapped 10 crew from a general cargo vessel. Tweet. The U.S. Army Corps of Engineers has abandoned plans to dredge a 13-mile stretch of the San Francisco Bay to make it easier for oil tankers to access refineries in the area. Market Insights Chemical tanker shipping market will grow at a growth rate of 3.51% during the forecast period of 2020 to 2027. After the closing bell on Wednesday, Scorpio Tankers reported a net loss of $20.2 million for Q3 2020. “This is bad news… The editor of Lloyd's List, a shipping news journal, said seven stowaways had been found. All Rights Reserved. Kuba Szymanski, Secretary General, InterManager, Martin Shaw, Managing Director, Marine Operations and Assurance Management Solutions, Ioannis Makris, Technical Manager, Angelakos Hellas, Henrik Jensen, CEO and Founder, Danica Group. InterManager, the international trade association for in-house and third-party ship managers, has appointed Mark O’Neil, CEO of Columbia Shipmanagement, as its new President. Shipping News Hafnia Taps into Total's Expertise for VLSFO Transition ... Hafnia is the world’s number one oil product tanker owner and operator. Kongsberg Maritime signs over NOK 400 million in Shuttle Tanker orders during 2020 (Nov 19 2020) Kongsberg Maritime has revealed that during 2020 it won contracts for 12 of its highly advanced Shuttle Tanker concepts, with a value totalling over NOK 400 million. An explosion damaged a Greek-managed tanker at a Saudi Arabian terminal on the Red Sea just north of the Yemeni border, in an attack confirmed by Saudi Arabia. The tanker market could soon receive some much welcome boost from China’s financial recovery. The drone attacks on Saudi Arabia’s oil facilities could have far-reaching consequences for ocean shipping. The tanker orderbook has descended to historical lows as investors shy away from being left with stranded assets in the race to achieve greenhouse gas (GHG) emissions targets At 44.9M dwt at the start of October 2020, the tanker orderbook was equivalent to a … The new crude oil concept vessel, named Triality, has been developed through a DNV innovation project. Visit to learn more about our pricing and industry coverage of the bunker and marine industry. Cyprus Shipping News. Canada’s Waterfront Shipping Company, a subsidiary of methanol producer and supplier Methanex Corporation, is adding eight new methanol dual-fuel tankers to its fleet. 76,620-dwt ship was southbound, and blocked 7 ships in convoy which were behind. Fleet news; Product tanker fleet is set to grow by 2.5% this year, down from the 4.7% of last year (ordering ahead of IMO2020). Piracy, one of the world’s oldest professions, seems to be thriving. Shipping News. Market analysis; Tanker Dec. 3, 2020 at 12:59 by Mikhail Voytenko . Shipping Tankers. A VLCC crude oil tanker cruising in the North Sea, caught in a passing storm while drifting, has been waiting for orders (understood in ballast) since the middle of November. Visit TradeWinds for the best news, insight and opinion covering the global shipping business. Shuttle tanker newbuilding has its smart capabilities recognised by class Asia creates the world’s largest global trading block 24 Nov 2020 by Craig Jallal The world’s newest and biggest trading block RCEP excludes Europe, the UK and USA ... Shanghai North Sea orders suezmax shuttle tanker at DSIC This page features all the latest news and developments in tankers and liquid bulk shipping. Drewry is an independent maritime research consultancy offering market insights and advisory services to senior stakeholders across the global shipping industry. Visit TradeWinds for the best news, insight and opinion covering the global shipping business. BIMCO on Tanker Shipping; The Worst is Not Over While the tanker market had a strong run at the outset of the COVID-19 pandemic, according to a … Gulf of Guinea: Pirates kidnap 10 crew - According to reports, pirates have kidnapped 10 crew from a general cargo vessel. There are broader implications for all vessel types – on fuel pricing, chartering sentiment and possibly even trade politics – but crude tankers are most directly in the line of fire. According to ships tracks in the area, the ship which lost containers is most probably, Post-Panamax container ship. Enclosed is the monthly report of November 2020. Yesterday American energy major Chevron announced…, Daewoo Shipbuilding & Marine Engineering (DSME) has won a KRW282bn ($257m) order to build three VLCCs for Abu Dhabi National…, Maersk Tankers has taken over the running of four product tankers owned by Singapore’s Xihe Holdings, which is currently under…, Danish Ship Finance has released its latest shipping market review. November 27, 2020. ... Scorpio pools strike again with addition of Greek tanker duo Shipping News. Though the new lockdowns being introduced in many countries are less strict than in the spring, the effect on tanker shipping will be worse, given the oil supply glut of Q2. your password Designed and Developed by Binary Semantics, About Weaker demand outlook weighs heavily on tanker markets amid mild start to winter and Opec likely to scrap plans to increase oil output from January. Recycling, offshore database of more than 550000 active and decommissioned vessels Reaching the shipbuilding! 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