Tankers News

KOTC Recieves "Kazimah III" Tanker
Kuwait >> 5/4/2006 - KOTC has officially recieved "Kazimah III" , which is the first tanker to be recieved within the new plan for fleet renewal program, the fleet consists of 9 tankers in addition to a service ship and o...
The Tanker Market - Apr 06
Austria >> 4/18/2006 - After showing a decline of more than 2.4 mb/d in February, OPEC spot fixtures enjoyed some recovery with an increase of 0.4 mb/d or 2.8% to reach 311 mb/d in March, driven by eastbound chartering. Nev...
First Cargo From Chinguetti Field, Offshore Mauritania
Mauritania >> 4/4/2006 - Hardman Resources Ltd announced a significant milestone for its offshore Mauritania projects, with the completion of loading of the first cargo of Hardman’s share of production from the Chinguetti fie...
The Tanker Market - Mar 06
Austria >> 3/17/2006 - Preliminary data shows that OPEC spot fixtures declined by 2.3 mb/d or 15% to 12.9 mb/d in February, offsetting to some extent the significant growth of 3.6 mb/d observed in the previous month. With ...
Vela to Acquire 6 New Crude Tankers
United Arab Emirates >> 2/18/2006 - Vela International Marine Limited signed contracts with Daewoo Shipbuilding & Marine Engineering Co., Ltd. to build six very large crude carriers (VLCCs) at its Okpo Shipyard in Korea. The ships will ...
The Tanker Market - Feb 06
Austria >> 2/15/2006 - After falling for the second consecutive month to hit a 24-month low in December, OPEC spot fixtures picked up sharply in the third week of January to touch a three-year high. Reported OPEC spot fixtu...
Basra is Going to Resume Export Soon
Iraq >> 2/14/2006 - Tankers waiting to load at Iraq's southern Basra oil terminal are facing delays of at least a week due to a backlog of vessels waiting to berth. Operations at the terminal were disrupted for much of l...
The Tanker Market - Jan 06
Austria >> 1/20/2006 - Despite the sustained high level of crude oil production, OPEC area spot fixtures continued their downward trend throughout the fourth quarter. This has resulted in a drop in the share of spot fixture...
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...
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...
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...
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...
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...
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...
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...
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 ...
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 ...
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...
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...
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 ...

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