Tankers News

Malaysia Prime Minister Anwar Ibrahim said on Tuesday there was "not one shred of evidence" of ship-to-ship transfers of sanctioned Iranian oil off Malaysia, amid U.S. concern that Iran was using Malaysian service providers to move its oil.A senior U.S.

Crewmembers from a Greek oil tanker have admitted to environmental crimes in U.S. waters, U.S. Attorney Philip R. Sellinger and Assistant Attorney General Todd Kim announced.Konstantinos Atsalis, the chief engineer on board the Kriti Ruby, admitted to charges related to the discharge of oily waste into the sea from a commercial vessel near a petroleum terminal in Sewaren, N.J. He and second engineer Sonny Bosito also admitted concealment of pollution from that vessel through the…

Fairfield Chemical Carriers has taken deliver of its latest vessel, Fairchem Pathfinder, a 26,222 DWT IMO 2/3 chemical tanker built by Japan's Fukuoka Shipbuilding.Fairchem Pathfinder is the first in a series of four LNG-dual fuel sister vessels being built by Fukuoka for Fairfield.The 158.4-meter-long (LOA) stainless steel chemical tanker is classed by NK and registered in the Marshall Islands.U.S.-based Fairfield Chemical Carriers has been operating as a wholly-owned subsidiary of MOL Chemical Tankers since it was acquired by the Japanese shipping company in March.

Russia has been quietly shipping refined petroleum to North Korea at levels that appear to violate the mandates of the United Nations Security Council, a U.S. official said on Thursday, adding the U.S. is planning new sanctions in response.The disclosure came on the first day after a U.N. panel of experts monitoring enforcement of longstanding U.N. sanctions against North Korea for its nuclear weapons and missile programs was disbanded after a Russian veto."At the same time that Moscow vetoed the panel’s mandate renewal…

Tanker ordering has surged in the first few months of 2024 as shipowners owners seek to renew ageing fleets and add new vessels that meet latest environmental regulations.So far this year, 104 tankers have been added to the global orderbook, up from 79 for the same period last year, representing a year-on-year increase of c.32%, according to latest figures from Veson Nautical.Values for tanker newbuildings have also increased across all subsectors. LR2s of 115,000 DWT show the biggest leap…

U.S. exports of liquefied natural gas (LNG) fell for a fourth consecutive month to 6.19 million metric tons in April from 7.61 million in March on production outages, preliminary data from financial firm LSEG showed on Wednesday.Recurring mechanical problems have hit Freeport LNG, the second largest U.S. plant by capacity. Last month, the Quintana, Texas, terminal exported five cargoes for a total of 330,000 tons, compared to 21 cargoes and 1.42 million tons in December.Since mid-January, the plant has been operating without at least one of its three gas-processing trains.

Logistical constraints at the Port of Vancouver mean waterborne oil exports from the highly anticipated Trans Mountain pipeline expansion due to start up on Wednesday may only be around half what the Canadian government-owned corporation has forecast, traders and shipping sources said.The C$34 billion ($24.82 billion) project to nearly triple the flow of crude from Alberta to Canada's Pacific Coast to 890,000 barrels per day is scheduled to start operating on May 1 after years of regulatory delays and construction setbacks.The extra 590…

Since the European Union sanctioned Russian oil exports in 2022, crude oil and dirty and clean petroleum products (CPP) have found new buyers. “India and China have taken most of the crude oil and dirty products while Turkey and Brazil have emerged as the main buyers of CPP. Year-to-date, Brazil’s import of Russian CPP has increased by 135% year-on-year,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.Historically, the US has been the main supplier of CPP to Brazil, accounting for about 50% of all Brazilian CPP imports.

A pilot maneuvering a vessel too close to a bank, before a turn on the Cooper River led to the collapse of a 300-foot section of pier at Joint Base Charleston’s Naval Weapons Station in South Carolina, the National Transportation Safety Board (NTSB) said Tuesday.The 600-foot-long tanker Bow Triumph—owned by Goldex Fortune Ltd. and operated by Odfjell Management AS— struck Naval Weapons Station Pier B while transiting the Joint Base Charleston Channel on Sept. 5, 2022, A Charleston Branch Pilots Association pilot was navigating the vessel, which sustained significant damage to the bow.

Enterprise Products Partners on Tuesday said it expects to have two contracts for its proposed deepwater oil export terminal by May 31 and reach a final investment decision before year-end.Enterprise's ambitious Sea Port Oil Terminal (SPOT), proposed off for a site off the coast of Texas, would be able to load two supertankers at a single time. It received a key government license this month, but is yet to sign any commercial customers.The cost of the project has soared to about $3 billion…

d’Amico International Shipping S.A. subsidiary d’Amico Tankers D.A.C. signed a shipbuilding contract with Jiangsu New Yangzi ShipbuildingCo., China, for the purchase of two (2) new Long Range (LR1 – 75,000 DWT) product tanker vessels at a contract price of $ 55.4 million each. The ships are expected to be delivered in September and November 2027, respectively.Today the DIS’ fleet comprises 34 double-hulled product tankers (MR, Handysize and LR1, of which 26 owned, 5 chartered-in and 3 bareboat chartered-in) with an average age of about 8.8 years for its owned and bareboat chartered-in vessels.“This deal is aligned with our strategic objective of controlling a very modern fleet," said Paolo d’Amico, Chairman and CEO of d’Amico International Shipping.

Greek shipowner Tsakos Energy Navigation (TEN), Ltd. announced it another vessel sale as part of its ongoing fleet renewal program.Sold was the aframax tanker Izumo Princess, the first in a series of eight pioneered-designed vessels the company built between 2007 and 2010.The sale will add approximately $37 million to the company’s cash balances, TEN said.“Following the sale of nine tankers over the last 12 months with an average age of 18.5 years, this subsequent 10th transaction…

Russia remained China's top oil supplier in March, data showed on Saturday, as refiners snapped up stranded Sokol shipments.China's imports from Russia, including supplies via pipelines and sea-borne shipments, jumped 12.5% on the year to 10.81 million metric tons, or 2.55 million barrels per day (bpd) last month, according to data from the General Administration of Customs.That was quite close to the previous monthly record of 2.56 million bpd in June 2023.Seven Russian tankers under sanctions offloaded Sokol cargoes in Chinese ports in March…

Hong Kong-based shipping company Wah Kwong is finalizing a deal later this month to double the number of liquefied natural gas (LNG) carriers that it has ordered to four, as it eyes growing global trade in the superchilled fuel, its chairman said.The ships would be delivered from 2027 onwards, Wah Kwong's Executive Chairman Hing Chao told Reuters on the sidelines of the Singapore Maritime Week ShipZERO28 event late last week."We have always been very optimistic about the outlook of LNG as a global energy," said Chao, adding that a lot of supply will have to come from the U.S.

Tanker shipping company Stena Bulk on Thursday announced the sale of the liquefied natural gas (LNG) carrier vessel Stena Blue Sky to an undisclosed Asian buyer.The sale of Stena Blue Sky follows the recent announcement that Stena Bulk had sold two LNG carriers to BW LNG.The successful transfer of Stena Blue Sky has already taken place. The vessel was delivered on April 18 in Singapore.Originally built in 2006 by Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea, Stena Blue Sky has a carrying capacity 145…

The Biden administration said it would not renew a license set to expire early on Thursday that had broadly eased Venezuela oil sanctions, moving to reimpose punitive measures in response to President Nicolas Maduro’s failure to meet his election commitments.Just hours before the deadline, the U.S. Treasury Department announced on its website that it had issued a replacement license giving companies 45 days to “wind down” their business and transactions in the OPEC country's oil…

U.S. sanctions are limiting tanker activity for Russia's top shipping group, Sovcomflot, the company's head said on Tuesday, as Washington tightens the screws on Moscow.The U.S. imposed sanctions on Sovcomflot on Feb. 23 as Washington seeks to reduce Russia's revenues from oil sales that it can use to support its military actions in Ukraine.Sanctions have impacted the company's operations, "limiting our geography and commercial prospects", Sovcomflot CEO Igor Tonkovidov told reporters.He added that as sanctions are a relatively new instrument to the shipping market…

Russia's seaborne oil product exports fell 4.2% in March from the previous month to 10.178 million metric tons due to unplanned maintenance at refineries and a uel export ban, data from industry sources and Reuters calculations showed.Russia's daily offline primary oil refining capacity has jumped by around a third in March to 4.079 million metric tons from February due to drone attacks, Reuters calculations based on data from industry sources showed.Last month, a fire broke out after a Ukrainian drone attack at the Norsi refinery…

MAN Energy Solutions reports it has received an order for three MAN 6L21/31DF-M (Dual Fuel-Methanol) GenSets capable of running on methanol in connection with the construction of a 7,990 dwt IMO Type II chemical bunker tanker.The dual-fuel engines will form part of a diesel-electric propulsion system on board the vessel with electrical motors driving twin fixed-pitch propellers via gearboxes; an onboard battery-storage system will optimize the use of the dual-fueled generators.

Greenpeace activists painted slogans on an Estonian-owned tanker in the middle of the Baltic Sea on Friday, and said the ship supplied bunker fuel to vessels transporting Russian oil that posed a danger to the environment and would fuel conflict."Oil fuels war," the campaigners, who arrived in small boats, scrawled in large white letters on the side of the Zircone tanker, pictures provided by Greenpeace showed.The vessel, sitting in international waters off the Swedish island of Gotland, has supplied fuel to more than 50 oil tankers travelling to or from Russian ports in the last two months, S

Flex LNG on Friday announce that the charterer of its liquefied natural gas (LNG) carrier Flex Endeavour has exercised an option to extend the firm period of the time charter by 500 days, from the third quarter 2030 to the first quarter of 2032. As announced on November 23, 2022, in connection with the extension of three ships, the charterer has one further option to extend the time charter period by one additional year to 2033.Øystein Kalleklev, CEO of Flex LNG Management AS…

ClassNK has signed a joint R&D agreement with Nihon Shipyard and IMC to ensure the safety and performance evaluation of anti-roll tanks (ART) installed on large containerships.Under the R&D agreement, Nihon Shipyard, IMC, and ClassNK will work together to expand the application of ART to large containerships.Utilizing the obtained data and knowledge, each party will collaborate to ensure the safer application of ART on an actual ship and performance evaluation.AS part of the partnership…

Maritime services company Consulmar has performed a zero-emissions mooring service for a tanker, said to be the world’s first such operation.This operation took place at an offshore multiple buoy mooring site near the BP refinery, situated 2 miles from the Port of Castellón in Spain.Utilizing its electric line handling tug, CASTALIA, Consulmar towed the steel mooring lines from the vessel to each of the five mooring buoys, marking a significant advancement in the maritime industry towards more sustainable practices.The tanker vessel ARCHANGEL…