11

Scorpio Tankers cashes out of Dorian LPG with $58m share sale

http://splash247.com

Athens: Scorpio Tankers has sold its remaining 5.8% stake in NYSE-listed Dorian LPG through the sale of its 3,392,083 common shares to Sino Energy Holdings for a price of $16.16 per share or around $58.82m in total.

Read more »
15

US Senate energy bill would speed up LNG export process

http://splash247.com

Washington: An energy bill introduced to the US Senate on Wednesday would, if adopted, speed up the processing of liquefied natural gas (LNG) exports.

A major provision in the bill would require the Department of Energy to approve or deny applications to export LNG to non-free trade agreement countries within 45 days of final action at the Federal Energy Regulatory Commission (FERC) or the Maritime Administration.

Read more »
19

Keppel Shipyard wins third Golar FLNG contract

http://splash247.com

Singapore: Keppel Offshore & Marine has announced this morning that Keppel Shipyard has signed a $684m contract with Golar LNG for the conversion of LNG carrier Gandria into a Golar Floating Liquefaction (GoFLNG) facility.

Read more »
11

BW takes Dorian LPG stake from Scorpio Tankers

http://splash247.com

New York: BW Group, via subsidiary BW Euroholdings, has purchase 6 million shares in New York listed Dorian LPG giving it a 10.2% stake in the company.

Read more »
21

Höegh LNG offloads old star

http://splash247.com

Oslo: Höegh LNG has announced the sale of ageing 126,400 cu m LNG carrier LNG Libra (72,650 dwt, built 1979) to a Chinese energy company.

Read more »
15

Rotterdam’s Russian oil terminal JV scrapped

http://splash247.com

Rotterdam: The frosty, sanction-laden relationship between the EU and Russia has seen another big oil project canned.

Shtandart TT, a 100% subsidiary of Russia’s Summa Group, and the Port of Rotterdam Authority have terminated their contract for the construction of the EUR1bn Tank Terminal Europoort West.

Read more »
14

Giant chemical tank explosion at Rizhao Port

http://splash247.com

Dalian: A giant explosion of a chemical tank at Rizhao Port today saw local authorities seed the clouds in the area to make it rain and help douse the dangerous inferno.

The tank, containing liquid hydrogen, caught fire in the Lanbei part of the port.

Read more »
13

What a difference a week makes in the tanker trades

http://splash247.com

Last week, the International Energy Agency, which advises the OECD countries on energy policy, said that the oil market was “massively oversupplied”. In its monthly report, the IEA observed that global oil supply had grown by 550,000 barrels a day in June, to 96.6mb/d, up from 3.1m at the same time a year ago.

Read more »
20

Aker Philadelphia Shipyard to exit shipowning investments

http://splash247.com

Oslo: Aker Philadelphia Shipyard (AKPS) has announced that it plans to change its name to Philly Shipyard, provided it receives shareholder approval in October. The name change comes as the company revealed in its latest set of quarterly results that it plans to exit its shipowning investments, via its interest in the AKPS-Crowley joint venture and investment in Philly Tankers.

Read more »
17

Oil, shipping and the commodities collapse

http://splash247.com

While the world is awash with speculation on what will happen to Greece, the Euro and the Chinese economy, a related debate is taking place within the United States. The export of crude oil and most natural gas, and the fight that never ends over trade liberalisation are growing political and economic issues in the US. Oil prices entered a new bare market last week, with Brent crude dropping below $57 a barrel.

Read more »
13

Scorpio Tankers acquires two product tanker newbuilds

http://splash247.com

Monaco: New York-listed Scorpio Tankers has announced that it has purchased an MR product tanker and a LR2 product tanker, both currently under construction at Korean yards.

Read more »
21

Odfjell Tankers head steps down

http://splash247.com

Oslo: After a 35-year career at Odfjell, Morten Nystad is stepping as head of Odfjell Tankers from today. Odfjell has started the process of identifying a new head of Odfjell Tankers. Until a new head is appointed, Tore Jakobsen, Odfjell’s president and ceo, will be in temporary charge.

Read more »
12

Alexander Spirit will depart Tasmania tomorrow

http://splash247.com

Sydney: The sailing of the controversy-hit Alexander Spirit from Tasmania to Singapore has been delayed until tomorrow as its owner, Teekay, seeks an extra crewmember to meet minimum crewing requirements.

Read more »
21

Navig8 sells product tanker newbuildings to Ocean Yield, charters back

http://splash247.com

Oslo: Norway’s Ocean Yield has agreed to acquire four 115,000 dwt LR2 product tankers which are currently on order from Navig8 Product Tankers at Sungdong Shipbuilding in Korea.

Then four vessels, which are scheduled for delivery from January through to July next year, will be chartered back to Navig8 on 13-year bareboat charters.

Read more »
13

Lack of finance stymies owner’s ability to seize opportunities

http://splash247.com

Naples: Opportunities often emerge for canny shipowners in times of crisis but with a lack of financial support it’s hard to snatch them. That’s exactly the feeling expressed by Giuseppe Mauro Rizzo, ceo of Rizzo Bottiglieri De Carlini Armatori (better known as RBD Armatori), am Italian shipping company founded in 1850 in Torre del Greco (Naples) controlling a fleet of 17 ships made up of six aframax tankers (including 4 LR2) and 11 bulk carriers (four capesizes, four post-panamaxes and three panamaxes).

Read more »
16

Fredriksen’s synergies stick to the winning formula

http://splash247.com

Diran Majarian from Amalia Tankers ruminates on what Norway’s richest man has been up to of late.

There’s been a few different shake-ups and synergies seen in the Fredriksen empire of late, most notably his stake in the new Exmar LNG venture and the merger of Frontline and Frontline 2012.

Read more »
20

Set sail to Singapore, Teekay tanker told

http://splash247.com

Athens: Australia’s Fair Work Commission has ruled that industrial action taken by a crew onboard a Teekay tanker is not protected and that the crew must obey company orders to sail to Singapore.

Read more »
21

Tanker bound for Libya risks being impounded

http://splash247.com

Cairo: The standoff between Libya and tankers calling at the North African country continues with more threats for ships with plans to load oil there. The Trident Hope (105,595 dwt, built 2003) is bound for Ras Lanuf, Libya’s third largest port, but authorities there have said the ship, owned by Greece’s Zahara Shipping, will be impounded if it enters Libyan waters.

Read more »
11

Panama Canal Authority in for suezmax tanker charter

http://splash247.com

San Francisco: The Panama Canal Authority (PCA) is in the market for a suezmax tanker to be used for training purposes. The PCA wants the vessel on a time charter basis for a period of three months beginning in January 2016.

Read more »
13

Teekay tanker crew protests ordered to stop

http://splash247.com

Athens: Industrial action onboard a Teekay products tanker docked in Tasmania must stop, Australia’s Fair Work Commission has ordered.

The 36 crew refused to sail the Alexander Spirit (40,100 dwt, built 2007) to Singapore from Devonport last Friday, after being told they will be made redundant on arrival in favour of foreign workers, who can be paid less.

Read more »

Login/Register

  • Sign in with Twitter