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Tankers News

CB&I Wins EPC Award for Gas Storage Project in Qatar
Qatar >> 8/12/2003 - CB&I has been awarded a lump-sum turnkey contract valued in excess of US$50 million to design and construct liquefied petroleum gas (LPG) storage tanks that will be the largest of their kind ever buil...
Eni: Carbofin Group purchased the Tanker activities
Italy >> 9/30/2003 - Eni communicates to have sold its Tanker activities to Carbofin Energia Trasporti shipping company, for a total amount of 52 million euro.

Carbofin purchased two double-hull oil tankers (Ec...
CB&I Wins EPC Contract for Tankage at New Refinery in Oman
Oman >> 11/10/2003 - CB&I has been awarded a lump-sum turnkey contract valued at approximately US$50 million for all tankage at the grassroots Sohar Refinery in Sohar, Oman, approximately 250 km northwest of Muscat. The r...
LE 45 million for Sumed pipeline renovation
Egypt >> 1/9/2004 - Cairo, January 9, 2004 – Sumed renovation activities will be completed by February 2004 with 100% Egyptian expertise. Alexandria Petroleum Maintenance Co. “Petromaint” and “Petrojet” are the companies...
Total signs a long term contract to charter new Stena P-MAX tankers
France >> 1/20/2004 - Total signed yesterday a five year contract to charter the first two Stena P-MAX tankers currently under construction.

The new P-MAX (Product-Max) class of tankers are medium-sized, short ...
Kuwait Orders Four Tankers from Hyundai Heavy Industries Co.
Kuwait >> 8/19/2004 - The Shipbuilding Division received orders to build four tankers from Kuwait Oil Tanker Company(KOTC), a subsidiary of the state oil company Kuwait Petroleum Corp.

According to this order, ...
The Tanker Market - Aug 05
Austria >> 8/17/2005 - OPEC area spot fixtures remained unchanged in July at 13.93 mb/d despite a production growth of nearly 0.2 mb/d. However, compared to the same month last year, OPEC spot chartering was up 0.3 mb/d,...
The Tanker Market -Sep 05
Austria >> 9/15/2005 - In August, OPEC area spot fixtures remained close to the previous month’s level at 13.43 mb/d, reflecting no growth in OPEC’s crude oil production. This represents a minor growth of 0.5% against an Au...
LUKOIL Applies International System of Tankers Vetting Control
Russia >> 10/10/2005 - LUKOIL introduced a corporate system of vetting control over the technical conditions of the tankers that are freighted for transportation of the Company’s oil. The first tankers to have successfully ...
NIOTC Intends to Purchase 47 Oil Tankers, Other Vessels
Iran >> 10/16/2005 - The National Iranian Oil Tanker Company (NIOTC) earns the country about one billion dollars per year, noted an official in the NIOTC. By the end of 1988, the NIOTC neither making use of any government...
The Tanker Market - Oct 05
Austria >> 10/17/2005 - OPEC area spot fixtures soared sharply by 2.27 mb/d or 18% to average 14.8 mb/d in September. Compared to the same period last year, OPEC fixtures were more than 1.2 mb/d higher. However, despite this...
Lloyd's Register Gains USCG Authorization for Mobile Offshore Drilling Units
United States >> 10/20/2005 - Lloyd’s Register has been authorized by the US Coast Guard (USCG) to extend its Alternate Compliance Program (ACP) capabilities to include mobile offshore drilling units (MODU) - in addition to cargo ...
ExxonMobil Brings in Extra Resources to Assist with Growing Demand for Gasoline in Florida
United States >> 10/22/2005 - ExxonMobil today announced that it is committing additional resources to assist with the growing demand for gasoline in Florida as a result of approaching Hurricane Wilma. In addition to its fleet of ...
Sovcomflot Signs Contract With SHI for Construction of Varandey Tankers
Russia >> 11/11/2005 - Sovcomflot has signed a contract with the Korean company Samsung Heavy Industries for the construction of three ice class tankers. The 70,000dwt, conventional ice-breaking tankers will be used to ship...
Keppel Singmarine to build six Anchor Handling Tug/Supply vessels for S$230 million
Singapore >> 11/15/2005 - Keppel Singmarine Pte Ltd has clinched a contract worth S$230 million to build six new Anchor Handling Tug/Supply (AHTS) vessels for Gulfmark Offshore, Inc. Two of these six 10,700 bhp AHTS vessels of...
The Tanker Market - Nov 05
Austria >> 11/16/2005 - OPEC spot fixtures continued to increase in October for the second consecutive month to average 15.82 mb/d, which corresponds to growth of 1.35 mb/d or 9% from September and 0.7 mb/d from a year earli...
Q-Ship Takes Delivery of New Tanker
Qatar >> 12/4/2005 - Qatar Shipping Company (Q-Ship) took delivery of MT Alhasbah, the second in a series of four 105,000 dwt aframax size crude oil tanker. Q-Ship's Chairman and Managing Director, Salem Butti Al Naimi, s...
Iran, Venezuela Agree on cooperating in shipbuilding industry in Caracas
Iran >> 12/13/2005 - Iran and Venezuela have reached basic agreements on the possibility of cooperation aimed particularly at establishing a shipbuilding yard in Caracas. Preliminary agreements on producing the oil and na...
The Tanker Market - Dec 05
Austria >> 12/16/2005 - OPEC spot fixtures moved down 0.82 mb/d to average 13.68 mb/d in November. The drop in spot fixtures resulted from the slow-down in activity usually observed at the end of the year due to the holidays...
Farstad Gets LOI From Norsk Hydro
Norway >> 12/20/2005 - Norsk Hydro has informed Farstad Shipping ASA that they will enter into a 5 year contract (with a 3 x 1 year option) for a large platform supply vessel. The contract will be serviced by a newbuild. St...

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