Aframax Tanker Companies

Time Charter Contracts. 5 million tons of an average age of 7 years. 37 Tuas Road, Singapore 638503 Tel: +65 6863 2202 Fax: +65 6863 9480. An oil tanker is a ship. We hold the largest market share and are currently expanding our leading position with a modern fleet. The San Clemente-class oil tanker is a class of Oil tankers built by National Steel and Shipbuilding Company (NASSCO), San Diego. Founded in 1984, Heidmar Inc. Crude Oil Tankers For Sale - Vessels For Sale - Ship Sales - Advertise your commercial vessel or ship - List Your Vessel with Horizon Ship Brokers, Inc. Dirty Suezmax Wafr/UKC - 130,000 6 months. As a leading Technical and Commercial tanker operator, AMCL is presently managing VLCC and Aframax fleet owned by China Merchants Energy Shipping Company Limited and China VLCC Company Limited, while AMCL is also willing to provide tanker management services for other ship owners in the future. The fleet is managed from offices in Miami, USA and includes both Panamax and Aframax vessels, comprises of some 40 to 50 unit. (Heidmar) is one of the world's leading commercial operators of handy, product, panamax, aframax, suezmax and VLCC tankers with a staff of about 60 people with offices in the United States, the United Kingdom and Singapore. , TORM operates a large and modern fleet of product tankers. Reederei Nord and Synergy Group, on behalf of Nissen Kaiun, have officially launched N2Tankers, a new Aframax tanker pool the two shipowning companies have set up as a joint venture. The John Kilakos-led company sold the 113,000-dwt Aquanaut (built 2003) to. Kikuma, its fourth Aframax tanker vessel, which marks an additional step in becoming a pure tanker owning company. If you’re looking for an oil tanker for sale, then look no further because we have it all, from VLCC tanker, Aframax tanker, Panamax tanker & etc. S+P - Aframax tanker - DELIVERY POSITION CHANGE. GNMTC believes, tanker was seized by mafia mob. DS-Tankers is committed to achieve Health and Safety Excellence. Though relatively small in size in comparison to VLCC and ULCC, Aframax tankers have a capacity to carry up to 120,000 metric tonnes of crude oil. In 2014, the company successfully obtained orders for 6 additional ice-breaking oil tankers from European shipping companies. 000 dwt up to Handysize, Panamax and up to Aframax units of 115. (NASDAQ: PSHG) has taken delivery of the M/T P. PERFORMANCE SHIPPING INC. Oiler / Motorman / Pumpman. Tanker pool company Heidmar has come to an agreement with Signal Maritime Services for the latter to manage 18 aframax vessels in Heidmar. Aframax is a medium-sized crude tanker with a dead weight tonnage (DWT) ranging between 80,000 and 120,000. (DCIX), (the "Company"), a global shipping company specializing in the ownership of containerships and tanker vessels, today announced that it has agreed to acquire. Panamax Tankers; Aframax(80,000-120,000 DWT) Suezmax (120,000-200,000 DWT) VLCC/ULCC (above 250,000 DWT) In 2007, SHI built a 70,000-ton, bi-directional Arctic shuttle tanker, which was the first ever of its kind. The Company also expects to take delivery of one Aframax tanker vessel by the beginning of November 2019. TMS Tankers is a first class provider of ship management services running a top-quality fleet of ocean going tankers, efficiently and reliably. Although rates remain well below the long-term average, it is encouraging that we are seeing some volatility in August / September, traditionally the weakest months of the year. Heidmar is the original pool manager in the tanker space and is committed to innovation, performance, and transparency. Company recently acquired a fourth Aframax tanker at no additional dilution to common shareholders. Kikuma (formerly FSL Shanghai), a 2007-built Aframax tanker of 115,915 dwt that the company entered into an agreement to. Aframax type tanker with the deadweight of 114 000 tones is the third out of 10 modern large-range vessels designed for crude oil and oil products transportation ordered by Rosnefteflot, JSC. It flowed its first oil into an Aframax tanker. Performance Shipping Inc. The tanker will have a deadweight tonnage of 118,000t. 00 m and maximum draft of 14. 5 million and USD 15 […]. (DCIX), (the "Company"), a global shipping company specializing in the ownership of containerships and tanker vessels, today announced that it has agreed to acquire. The Company also expects to take delivery of one Aframax tanker vessel by the beginning of November 2019. Zephyr' is now be deliverable to a buyer, charter free, at Singapore upon. In July 2018 the two companies launched a JDP with the aim of producing a ready-to-build design for an LNG-fuelled 115,000 dwt Aframax tanker. Founded in 1984, Heidmar Inc. SCF's LNG-fuelled Aframax tankers Sovcomflot was one of the first companies in the shipping industry which decided to operate Aframax ships, specially designed for alternative fuel - liquefied natural gas. 80 / lbp 235. The deadweight of the tanker Aframax River is 107,132 DWT and the gross tonnage is 57,943 GRT. If you're looking for an oil tanker for sale, then look no further because we have it all, from VLCC tanker, Aframax tanker, Panamax tanker & etc. The term is based on the Average Freight Rate Assessment (AFRA), a tanker rate system created in 1954 by Shell Oil to stand. Kikuma (formerly FSL Shanghai), a 2007-built Aframax tanker of 115,915 dwt that the Company entered into an agreement to purchase in February 2020. pantheon tankers management ltd Pantheon Tankers Management (PTM) is a leading independent Shipping Company providing ship management services to the Tanker sector. About Aframax tankers. We take pride that the Teekay logo on our funnel is an industry-respected symbol of quality. The vessels in question are the 2003-built British Merlin and the 2004-built British Curlew which were disposed for USD 13. (NASDAQ: PSHG), a global shipping company specializing in the ownership of vessels, today announced that, through a separate wholly-owned subsidiary, it has taken delivery of the M/T P. Concord Maritime, LLC is pleased to announce that Emarat Maritime will place its 2010-built, 115k-dwt 'Dubai Charm' into the Dakota Tankers Aframax Pool in December. Heidmar inks agreement for Signal to. If you're looking for an oil tanker for sale, then look no further because we have it all, from VLCC tanker, Aframax tanker, Panamax tanker & etc. , TORM operates a large and modern fleet of product tankers. The contract covers the propellers for four Aframax tankers under construction at the Hantong Ship Heavy Industry yard. Low-profile Greek tanker player Coral Shipping has pulled off a remarkable asset play with an aging aframax tanker. is one of the oldest and largest ship brokerage firms in the United States. 141-143 Vouliagmenis Avenue, Voula, Athens, 16673, Greece Ph: +302108907500 Fax: +302108907670. Kikuma, its fourth Aframax tanker vessel, which marks an additional step in becoming a pure tanker owning company. Tanker Fleet. is one of the oldest and largest independent transporters of energy in the world owning a versatile fleet of modern crude and product tankers with strong ice-class capabilities, shuttle tankers and liquefied natural gas ("LNG") vessels. While we remain cautious given the unprecedented global circumstances, we are currently benefiting from the development of a robust tanker market supported by increased. They ship hundreds of billions of barrels of crude oil each year. We have not included FPSOs or. (NASDAQ:PSHG), (the "Company"), a global shipping company specializing in the ownership of vessels, today announced that, through a separate wholly-owned subsidiary, it has taken delivery of the M/T P. Company profile page for GSH2 Aframax Tanker II AS including stock price, company news, press releases, executives, board members, and contact information. Performance Shipping Inc. Drewry is an independent maritime research consultancy offering market insights and advisory services to senior stakeholders across the global shipping industry. In a recent analysis, shipbroker and tanker market specialist Charles R. compass maritime tanker values asset class nb contract nb prompt 5 year 10 year 20 year delivery tankers size (dwt) (all numbers in us $ millions) vlcc 300,000 90 102 76 51 23 suezmax 160,000 60 70 52 36 12 aframax 115,000 49 55 41 30 10 panamax - lr1 70,000 42 43 32 20 7 mr tanker 51,000 36 39 30 19 6 -25. The company's line of business includes providing various business services. The Aframax tanker class is becoming the latest "success story" in an otherwise turbulent year for the wet market. jellicoetankers. Since 2005 it has managed all commercial and operational activities for Panamax International (PI) and for Andes Tankers since 2013. Alfa Finlandia (Image courtesy of Lundqvist Rederierna) The 112,000-deadweight-tonnage ship is scheduled for delivery by January 2022, according to Lundqvist Rederierna. AFRA is acronym for Average Freight Rate Assessment, used by the major oil companies, traders and other market players as a source of unbiased market rates. fleet can be found on the. Aframax type tanker with the deadweight of 114 000 tones is the third out of 10 modern large-range vessels designed for crude oil and oil products transportation ordered by Rosnefteflot, JSC. Tanker pool company Heidmar has come to an agreement with Signal Maritime Services for the latter to manage 18 aframax vessels in Heidmar. ,, a global shipping company specializing in the ownership of containerships and tanker vessels, today announced that it has agreed to acquire from a related party all. 2020-03-02. The fleet presently consists of 21 double hull tankers with a combined capacity of 1,557,850 dwt, 6 LPG/NH3 carriers with a combined capacity of 197,940 cbm and 3 LEG. Maersk Tankers facilitates the global trade of energy to meet the world's energy needs. Reederei Nord and Synergy Group, on behalf of Nissen Kaiun, have officially launched N2Tankers, a new Aframax tanker pool the two shipowning companies have set up as a joint venture. Download the datasheet for Wärtsilä Ship Design WSD 42 111K , meeting EEDI of 2025 requirements. Aframax tanker companies - jarty. It includes Medium Range tankers such as MR1 and MR2, Aframax and Suezmax tankers, and Very Large Crude Carriers (VLCC). Though relatively small in size in comparison to VLCC and ULCC, Aframax tankers have a capacity to carry up to 120,000 metric tonnes of crude oil. Aframax tankers will be the first vessels of such type built in the Russian Federation. Due to their favorable size, Aframax tankers can serve most ports in the world. mt " spero " ( ex seaservice ) - hong kong flag double hull abt 107,160 dwt on 14. AFRA system was created in 1954 by Shell Oil to standardise contract terms. PERFORMANCE SHIPPING INC. 5 million in February; Demand for newbuild tankers is falling, and companies aren’t ordering new vessels, so there’s been a fall in vessel prices. It flowed its first oil into an Aframax tanker. The company’s fleet consists of units ranging between smaller coastal units of 5. Established in 1928, Maersk Tankers has more than nine decades of experience and expertise in commercial and technical vessel management, providing customers and partners with safe, efficient. Founded in 1984, Heidmar Inc. Sovcomflot has ordered two more aframax tankers able to run on liquified natural gas (LNG) bunker fuel joining the four it ordered earlier this year. We have not included FPSOs or. Irish tanker company Ardmore Shipping approaches its highest rates ever, but also warns against being fooled by the numbers. --Performance Shipping Inc. Asian Aframax freight rates hit a new high for the year on a surge in loadings from both the Middle East and Southeast Asia as Chinese independent refiners get fresh crude oil import quotas, market pa. The vessels in question are the 2003-built British Merlin and the 2004-built British Curlew which were disposed for USD 13. Petrovietnam's shipping arm PV Trans plans to invest up to $3 billion over the next seven years to upgrade its crude and oil product tanker fleet to meet demand from Vietnam's refineries, it said. Our company offers highly specialised services including liquid tanker, freight shipping, general cargo and gas. August review: Crude tanker spot rates firmed moderately during August, with VLCC rates and Pacific Aframax rates hitting a 9-month high. There are two basic types of oil tankers: crude tankers and product tankers. ATHENS, GREECE, February 18, 2020 - Performance Shipping Inc. Tanker Fleet. Aframax tankers will be the first vessels of such type built in the Russian Federation. In order to be included in this list, the company must operate in the dirty tanker trade (crude oil) and have a majority of ships in the VLCC, Suezmax, Aframax, and/or Panamax sized. "The Company is pleased to have taken delivery of the M/T P. 00 m draft blt 12/1998 at koyo dockyard co ltd, japan class lr - ss due 08. Finnish shipping company Lundqvist Rederierna has ordered a liquefied natural gas (LNG) powered Aframax tanker from Japan's Sumitomo Heavy Industries. The post Lundqvist Rederierna orders LNG-powered Aframax appeared first on Offshore Energy. Those vessels will not return to the clean market unless Aframax tankers dramatically under-perform. The Company objectives are:. Alfa Finlandia (Image courtesy of Lundqvist Rederierna) The 112,000-deadweight-tonnage ship is scheduled for delivery by January 2022, according to Lundqvist Rederierna. By Lloyd's List The South Korean shipping company has reported losses since 2016 and saw its debt-to-equity ratio spike fivefold over the past three quarters Tankers and Gas Finance. Type Product Carriers and one Aframax oil tanker. An Aframax vessel is an oil tanker with a deadweight between 80,000 and 120,000 metric tonnes. Pentagon Marine Services Private Limited (PMS) started its operation in the month of April 2004. "The Company is pleased to have taken delivery of the M/T P. While we remain. Rosneft Oil Company, Zvezda Shipbuilding Complex, Arctic Leasing LLC (a VEB Group Company) and SKF ECO LLC (a Sovkomflot Group Company) in the framework of the Eastern Economic Forum signed a number of agreements for construction of two new generation Aframax crude oil tankers operating on LPG with their subsequent long-term chartering. Product Tankers' main characteristics are epoxy-coated cargo tanks that protect cargo, while facilitating tank cleaning between one loaded grade to the next. The Product Tanker Fleet includes the following categories of vessels, based on their carrying capacity: Aframax - Long Range 2 (LR2): 90. Thus, a leading operator of Aframax tankers, in partnership with oil & gas and shipbuilding companies, initiated the conversion of a whole segment of the tanker market to a more efficient, "green. Panamax Tankers; Aframax(80,000-120,000 DWT) Suezmax (120,000-200,000 DWT) VLCC/ULCC (above 250,000 DWT) In 2007, SHI built a 70,000-ton, bi-directional Arctic shuttle tanker, which was the first ever of its kind. The names of the Aframax vessels will start from letter A and of the Kamsarmax from leter K in order to identify the type of the vessel. GNMTC believes, tanker was seized by mafia mob. An Aframax ship is an oil tanker smaller than 120,000 metric tonnes and with a breadth around 42-44 m and therefore would not be able to pass through the original Panama canal. light refined products, include gasoil, jet fuel, kerosene, gasoline. Foresight Offs. Home Company Fleet Tanker Container Bulker Manning Company Policies D & A Policy Seafarers Information. 00 m and maximum draft of 14. 's fleet currently consists of 4 container vessels (2 Post-Panamax and 2 Panamax) and 1 Aframax tanker vessel. Sovcomflot has ordered two more aframax tankers able to run on liquified natural gas (LNG) bunker fuel joining the four it ordered earlier this year. Creation with by by. Although rates remain well below the long-term average, it is encouraging that we are seeing some volatility in August / September, traditionally the weakest months of the year. The contract covers the propellers for four Aframax tankers under construction at the Hantong Ship Heavy Industry yard. Ten ships under the banner of the shipping company; Total capacity of 957,000 DWT; One Suezmax oil tankers, one Aframax oil tanker; Eight LR1 product tankers, of which four are owned by Jacob Shipping ; The tankers are employed in the spot market or based on time charters. A crude oil tanker owned by Russian state-owned shipping company Sovcomflot has completed its first voyage across the Baltic and North Seas operating on liquefied natural gas (LNG), the company. 17 SK Shipping (6. Still Riding Rescue company New York. If you’re looking for an oil tanker for sale, then look no further because we have it all, from VLCC tanker, Aframax tanker, Panamax tanker & etc. Performance Shipping Inc. Soedarpo Sastrosatomo. Aframax class tankers are largely used in the basins of the Black Sea, the North Sea, the Caribbean Sea, the China Sea and the Mediterranean. Tanker pool company Heidmar has come to an agreement with Signal Maritime Services for the latter to manage 18 aframax vessels in Heidmar's Sigma Pool. PTM is committed to providing world-class ship management services, meeting or exceeding, safety, environmental and customer requirements and conducting its operations in a manner. Leveraging on 50-year long expertise of the Group, the Company has. Our company is regularly voluntary certification services for recruitment and manning of Georgian crew on vessels under forei Read more. That's significant fleet shrinkage. Aframax tanker Mitera Marigo Home. We do these through scheduled shipping services, a contract with a specific period and the tramper. Established in 1928, Maersk Tankers has more than nine decades of experience and expertise in commercial and technical vessel management, providing customers and partners with safe, efficient. 18, 2020 (GLOBE NEWSWIRE) -- Performance Shipping Inc. jellicoetankers. A crude oil tanker owned by Russian state-owned shipping company Sovcomflot has completed its first voyage across the Baltic and North Seas operating on liquefied natural gas (LNG), the company. (NASDAQ: PSHG), a global shipping company specializing in the ownership of vessels, today announced that, through a separate wholly-owned subsidiary, it has taken delivery of the M/T P. 30 m tanks 14 - abt 116,684 cbm (at 98%) 3 grades, coiled, not coated. Though relatively small in size in comparison to VLCC and ULCC, Aframax tankers have a capacity to carry up to 120,000 metric tonnes of crude oil. The size places them in the category of super tankers. At the time of completion National Steel and Shipbuilding Company was equally owned by Kaiser Industries Corporation and Morrison-Knudsen Company, Inc. The vessels in question are the 2003-built British Merlin and the 2004-built British Curlew which were disposed for USD 13. The crude oil tanker Aframax River (IMO: 9259173) was under ballast and maneuvered to berth at Intercontinental Terminals Company. Lead tanker launching is scheduled for 2020. (NASDAQ: DCIX), (the "Company"), a global shipping company specializing in the ownership of vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase a 2007 built Aframax tanker vessel, the M/T FSL Shanghai, from an unaffiliated third party seller for a total. If you're looking for an oil tanker for sale, then look no further because we have it all, from VLCC tanker, Aframax tanker, Panamax tanker & etc. There are two basic types of oil tankers: crude tankers and product tankers. While we remain. Aframax AFRA stands for Average Freight Rate Assessment. With vessels varying in size from 35,000-114,000 dwt. As the name suggests, Aframax are medium-sized oil tankers with a dead weight tonnage (DWT) between 80,000 and 119,999. S+P - Aframax tanker - DELIVERY POSITION CHANGE. Type of vessel operated are oil, product and chemical tankers. Crude Oil Tankers For Sale - Vessels For Sale - Ship Sales - Advertise your commercial vessel or ship - List Your Vessel with Horizon Ship Brokers, Inc. Their weight ranges from 70,000 to 120,000 dead weight tons, with a capacity of 750,000 barrels of oil. Including the newly delivered m/t Blue Moon, Performance Shipping Inc. Updating on recent events and financial results. [email protected] BP Reaches Deal to Sell Aframax Tanker Duo Image Courtesy: BP British multinational oil and gas company British Petroleum (BP) has reached an agreement to sell two of its Aframax tankers to an undisclosed Greek shipowner, according to data provided by VesselsValue. We have a fleet that contains chemical tanker, oil tanker, off shore support unit, gas tanker and many dry bulk vessels. The firm provides market insight and expertise across all the main market sectors of container shipping dry bulk shipping tanker shipping LPG and LNG shipping ports and terminals as well as ocean freight cost benchmarks and. (NASDAQ:DCIX), (the "Company"), a global shipping company specializing in the ownership of vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase a 2007 built Aframax tanker vessel, the M/T FSL Shanghai, from an unaffiliated third party seller for. Exploration and production company Masirah Oil has completed the Yumna 1 well and flowed first oil into an Aframax tanker. AFRA system was created in 1954 by Shell Oil to standardise contract terms. With a solid footprint in northwest Europe, carrying both dirty and clean products, our Intermediate fleet is a market leader with the biggest contracts in the region. StealthGas Inc is the world's largest owner of LPG pressurized carriers in the strategic 3,000-8,000cbm segment. Our records show it was established in 1998 and incorporated in New York. Product Tankers' main characteristics are epoxy-coated cargo tanks that protect cargo, while facilitating tank cleaning between one loaded grade to the next. In addition, the construction of five crude and product carriers ordered by Rosneft in September will be supervised by Sovcomflot and the company. The San Clemente-class oil tanker is a class of Oil tankers built by National Steel and Shipbuilding Company (NASSCO), San Diego. Aframax is a medium-sized crude tanker with a dead weight tonnage (DWT) ranging between 80,000 and 120,000. If you're looking for an oil tanker for sale, then look no further because we have it all, from VLCC tanker, Aframax tanker, Panamax tanker & etc. Prior to this, he held the position of AVP of Aframax Atlantic Chartering where he oversaw the entire commercial chartering and operations of AET's Aframax tankers in the Atlantic basin. Masirah Oil completed the Yumna 1 well and flowed first oil into an Aframax tanker, reports Offshore Energy Today. Aframax Tanker for Crude Oil and Dark Petroleum Products. Starting with the acquisition of 2nd hand vessels in a very short time it was operating a fleet of 17 ships, mainly Japanese built. The San Clemente-class oil tanker is a class of Oil tankers built by National Steel and Shipbuilding Company (NASSCO), San Diego. While we remain. Performance Shipping Inc. In order to be included in this list, the company must operate in the dirty tanker trade (crude oil) and have a majority of ships in the VLCC, Suezmax, Aframax, and/or Panamax sized. The company had not designed any gas-fuelled ships in the past and turned to DNV GL for support. An Aframax ship is an oil tanker smaller than 120,000 metric tonnes and with a breadth not greater than 32. The figures were extracted from company websites, the Equasis database and the companies themselves. Tanker pool company Heidmar has come to an agreement with Signal Maritime Services for the latter to manage 18 aframax vessels in Heidmar's Sigma Pool. SKS currently controls a fleet consisting of: 5 Suezmax tankers of 159,000 DWT (Epoxy Coated cargo tanks) 10 Product Tankers of 120,000 DWT. The Company (Overview) Established in 2014, Advantage Tankers LLC (Advantage) acts as a holding company for thirteen single-purpose vessel owing entities; its majority shareholder is Mrs Nazli Williams. is one of the oldest and largest ship brokerage firms in the United States. Major Singapore-based shipowner Eastern Pacific Shipping is planning to sell the two most modern trading aframax tankers in its fleet. We have a fleet that contains chemical tanker, oil tanker, off shore support unit, gas tanker and many dry bulk vessels. Share vacancy: More vacancies for Oiler / Motorman / Pumpman. Dirty products include heavy fuel oil, distillate oil and bunkers. Crew were taken ashore, tanker meanwhile, may be sold. An oil tanker is a ship. The Idan Ofer-controlled company is seeking a. DS-Tankers is committed to achieve Health and Safety Excellence. AFRAMAX vessels refer to ships between 80,000 and 120,000 deadweight tons. Dirty Suezmax Wafr/UKC - 130,000 6 months. Performance Shipping Inc. We have purposely excluded FPSOs, LNG and LPG carriers,. The size places them in the category of super tankers. Masirah is an 86. Established in 1928, Maersk Tankers has more than nine decades of experience and expertise in commercial and technical vessel management, providing customers and partners with safe, efficient. AFRAMAX: A tanker of maximum 79,999 tonnes deadweight, or the largest tanker size in the Average Freight Rate Assessment Scale. Pentagon Marine Services Private Limited (PMS) started its operation in the month of April 2004. The Company (Overview) Established in 2014, Advantage Tankers LLC (Advantage) acts as a holding company for thirteen single-purpose vessel owing entities; its majority shareholder is Mrs Nazli Williams. PUMPMAN Oil/Chem Tankers. Crude tankers move large quantities of unrefined crude oil from its point of extraction to refineries. The firm provides market insight and expertise across all the main market sectors of container shipping dry bulk shipping tanker shipping LPG and LNG shipping ports and terminals as well as ocean freight cost benchmarks and. Atlas operates a fleet with a total capacity of more than one million DWT. Those vessels will not return to the clean market unless Aframax tankers dramatically under-perform. 31 m and therefore would have been able to pass through the original Panama canal. We work with the best shipyards & maritime companies to offer you the best tanker ships and crude oil tanker ships for sale and we can guarantee you only the best quality and service here. Mohamed Ellahresh. Established in 1928, Maersk Tankers has more than nine decades of experience and expertise in commercial and technical vessel management, providing customers and partners with safe, efficient. , a global shipping company specializing in the ownership of vessels, Tuesday (Feb18) announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase a 2007 built Aframax tanker vessel, the M/T FSL Shanghai, from an unaffiliated third party seller for a total purchase price of US$26. pantheon tankers management ltd Pantheon Tankers Management (PTM) is a leading independent Shipping Company providing ship management services to the Tanker sector. With vessels varying in size from 35,000-114,000 dwt. The company has chartered the 105,000-dwt Stealth Berana (built 2010) to US-based Penfield Marine for up to two years, confirmed Bergshav chief financial officer Andreas Hannevik. Opening Date. The Company objectives are:. "The Company is pleased to have taken delivery of the M/T P. Performance Shipping Inc. In order to be included in this list, the company must operate in the dirty tanker trade (crude oil) and have a majority of ships in the VLCC, Suezmax, Aframax, and/or Panamax sized. 00 m, moulded beam of 42. Aframax AFRA stands for Average Freight Rate Assessment. PB Tankers operates in the MR Tankers market and owns a fleet of product tankers, all built and operated in accordance with the highest standards for quality and reliability. ET Suezmax, Aframax. 5 million and USD 15 […]. S+P - Aframax tanker - DELIVERY POSITION CHANGE. Kikuma, its fourth Aframax tanker vessel, which marks an additional step in becoming a pure tanker owning company. The new Aframax tanker concept was launched by Deltamarin and Aker Arctic in September 2015. Established in 1928, Maersk Tankers has more than nine decades of experience and expertise in commercial and technical vessel management, providing customers and partners with safe, efficient. -flagged Veteran Class tankers, the Pennsylvania and the Florida. It was formally inaugurated at its new premises on the 31st August 2004 by the Honourable DG Shipping Mr. Prime manages 2 Suezmax and 1 Aframax crude tanker. An Aframax vessel is an oil tanker with a deadweight between 80,000 and 120,000 metric tonnes. Performance Shipping Inc. Daewoo Shipbuilding & Marine Engineering Co Ltd. Aframax is a medium-sized crude tanker with a dead weight tonnage (DWT) ranging between 80,000 and 120,000. Euronav owns and employs 27 Suezmax vessels. This resulted in a proliferation of ships of 79,999 TDW. LR2/AFRAMAX, CRUDE. Since 2005 it has managed all commercial and operational activities for Panamax International (PI) and for Andes Tankers since 2013. The oil tankers are transport ships that are big enough to store and move large volumes of crude oil. com A wide variety of aframax tanker options are available to you, There are 8 suppliers who sells aframax tanker on Alibaba. 00m DRAFT: 22. Stay informed about developments in experience at Yasa Holding About YA SA Overview; Mission & Vision. The term is based on the Average Freight Rate Assessment (AFRA), a tanker rate system created in 1954 by Shell Oil to standardize shipping contract terms. 141-143 Vouliagmenis Avenue, Voula, Athens, 16673, Greece Ph: +302108907500 Fax: +302108907670. Maersk Tankers operates one of the largest product tanker fleets in the world with vessels in the Intermediate, Handy, MR, LR2 and Aframax segments of the market. World's Biggest Tanker Companies Let's take a closer look at the leading companies in the oil tanker business. The innovative design is the outcome of a co-operation, which combines the superior technical capabilities of both companies. We hold the largest market share and are currently expanding our leading position with a modern fleet. The 106,100 DWT Ocean Mare was detailed following action taken by local law firm Haridass Ho & Partners, with the arrest. KIKUMA" ATHENS, Greece, March 30, 2020 (GLOBE NEWSWIRE) -- Performance Shipping Inc. The company is a leading player in the product tanker industry, operating one of the largest fleets of vessels and employs over 3,000 employees worldwide. Share vacancy: More vacancies for Oiler / Motorman / Pumpman. Development of the Arctic Aframax Tanker. We have not included FPSOs or. Alfa Finlandia (Image courtesy of Lundqvist Rederierna) The 112,000-deadweight-tonnage ship is scheduled for delivery by January 2022, according to Lundqvist Rederierna. We recently set new standards in green shipping with our pioneering LNG dual-fuel Aframax and Dynamic Positioning shuttle tankers; ensuring care for our environment. Company profile page for Gsh2 Aframax Tanker I AS including stock price, company news, press releases, executives, board members, and contact information. This has been possible thanks to the strong relations created between the two companies during the construction of seven Aframax tankers delivered over the period of the last five years, Lundqvist Rederierna said. They are just ideal. A crude oil tanker of this sort weighs up to 70,000 dead weight tons (a crude oil tanker is one of the two types of oil tankers that move raw unrefined oil from where it is pumped out of the earth to where they will be refined). S+P - Aframax tanker - DELIVERY POSITION CHANGE. Aframax type tanker with the deadweight of 114 000 tones is the third out of 10 modern large-range vessels designed for crude oil and oil products transportation ordered by Rosnefteflot, JSC. Kikuma, its fourth Aframax tanker vessel, which marks an additional step in becoming a pure tanker owning company. The firm that owns the crude tanker leases the ship under a complicated contract to oil marketers, oil refiners, chemical companies, or other users like contractors representing governments. Yumna 1 well Exploration and production company Masirah Oil has completed the Yumna 1 well. Founded in 1984, Heidmar Inc. Performance Shipping Inc. DS-Tankers is committed to achieve Health and Safety Excellence. This ship size is popular with oil companies for logistical purposes, and, therefore, many ships have been built within these specifications. Owner keen to sell CS Zephy first then Signal Puma or both vsls en bloc: UPDATE - 'C. An oil tanker, also known as a petroleum tanker, is a ship designed for the bulk transport of oil or its products. EPIC Midstream loaded its first oil tanker at its new Texas export terminal and plans to open another dock in the third quarter of 2020, benefiting from rising demand for low-sulfur U. Those vessels will not return to the clean market unless Aframax tankers dramatically under-perform. High quality, modern fleet, built in the best shipyards in the world. "The Company is pleased to have taken delivery of the M/T P. At the time of completion National Steel and Shipbuilding Company was equally owned by Kaiser Industries Corporation and Morrison-Knudsen Company, Inc. (NASDAQ: PSHG) has taken delivery of the M/T P. 00 m daewoo - mangalia. Tanker Aframax River Hits Mooring, 88,000 Gallons Of Oil Burn a fuel tank ruptured causing a spill of 88,000 gallons diesel fuel that quickly ignited. Aframax tanker companies - jarty. In a recent analysis, shipbroker and tanker market specialist Charles R. The deadweight of the tanker Aframax River is 107,132 DWT and the gross tonnage is 57,943 GRT. The vessel operating expense for other companies like Teekay Tankers , Nordic American Tanker (NAT), DHT Holdings , and Euronav are $3. We work with the best shipyards & maritime companies to offer you the best tanker ships and crude oil tanker ships for sale and we can guarantee you only the best quality and service here. LR2/Aframax, Oil Product Tanker + TANKER FLEET. Established in 1973, Teekay has developed from a regional shipping company into one of the world's largest marine energy transportation, storage and production companies. The company is a leading player in the product tanker industry, operating one of the largest fleets of vessels and employs over 3,000 employees worldwide. completion of discharge of her current cargo where she is eta about 4-5 March. N2Tankers brings the shipowning and operational expertise of Nissen Kaiun and Reederei Nord under one central umbrella administration for the first time. Creation with by by. The Company also expects to take delivery of one additional Aframax tanker vessel by the end of January 2020. S+P - Aframax tanker - DELIVERY POSITION CHANGE. AFRAMAX: A tanker of maximum 79,999 tonnes deadweight, or the largest tanker size in the Average Freight Rate Assessment Scale. Today we manage more than 30 Aframax / LR2 vessels, and provide our partners with a global trading portfolio that includes a lucrative blend of dirty and clean trading. Kikuma (formerly FSL Shanghai), a 2007-built Aframax tanker of 115,915 dwt that the Company entered into an agreement to purchase in February 2020. Leveraging on 50-year long expertise of the Group, the Company has. Kikuma marks an additional step in becoming a pure tanker owning. Type of vessel operated are oil, product and chemical tankers. LR2 Aframax - Reederei Nord Group. 00 m, moulded beam of 42. Established in 1973, Teekay has developed from a regional shipping company into one of the world's largest marine energy transportation, storage and production companies. (NASDAQ: DCIX), (the "Company"), a global shipping company specializing in the ownership of vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase a 2007 built Aframax tanker vessel, the M/T FSL Shanghai, from an unaffiliated third party seller for a total. 2018, dd due 02. Finnish shipping company Lundqvist Rederierna has ordered a liquefied natural gas-powered Aframax tanker from Japan's Sumitomo Heavy Industries. Company recently acquired a fourth Aframax tanker at no additional dilution to common shareholders. With a solid footprint in northwest Europe, carrying both dirty and clean products, our Intermediate fleet is a market leader with the biggest contracts in the region. Including the newly delivered m/t Briolette, Performance Shipping Inc. Alfa Finlandia (Image courtesy of Lundqvist Rederierna) The 112,000-deadweight-tonnage ship is scheduled for delivery by January 2022, according to Lundqvist Rederierna. It includes Medium Range tankers such as MR1 and MR2, Aframax and Suezmax tankers, and Very Large Crude Carriers (VLCC). Owner of tanker, Libyan General National Maritime Transport Company, already stated protest, and are awaiting official protest from Libyan Government. The crude oil tanker Aframax River (IMO: 9259173) was under ballast and maneuvered to berth at Intercontinental Terminals Company. They are just ideal. There are two basic types of oil tankers: crude tankers and product tankers. (NASDAQ: PSHG), a global shipping company specializing in the ownership of vessels, today announced that, through a separate wholly-owned subsidiary, it has taken delivery of the M/T P. 00 m daewoo - mangalia. The company's line of business includes providing various business services. Oiler / Motorman / Pumpman. By year 2011, two more newly built Aframax vessels were delivered to the company, along with eleven VLCCs and four Aframax vessels that were placed by our parent company for commercial management. Claim it for free to: Update. The pool is well positioned to take advantage of the […]. light refined products, include gasoil, jet fuel, kerosene, gasoline. Including the newly delivered m/t Blue Moon, Performance Shipping Inc. Aframax tanker conversion to SSHL vessel complete. With over 140 years of experience, Samos Steamship offers reliable sea transport, combining expertise, flexibility and innovation. Still Riding Rescue company New York. Development of the Arctic Aframax Tanker. 5 million in February; Demand for newbuild tankers is falling, and companies aren't ordering new vessels, so there's been a fall in vessel prices. Transportation of crude oil Transportation of crude oil. Transportation of crude oil Transportation of crude oil. 4 mill dwt newbuildings) TAKER Operator’s Top 30 owners and operators This list has been compiled in terms of deadweight tonnage and includes companies owning or operating mainstream large crude carriers, chemical and products tankers of over 10,000 dwt. ET Suezmax, Aframax. The Yumna 1 well has tested at a production rate of 11,843 stock tank barrels of oil per day. Tankers TORM is a pure play product tanker company and one of the world’s leading carriers of refined oil products such as gasoline, jet fuel, naphtha and diesel oil. Our Aframax tankers on delivery were among the most technologically advanced tankers in the world and the most fuel efficient for their size and power. Mohamed Ellahresh. Zephyr' is now be deliverable to a buyer, charter free, at Singapore upon. The ceremony signaled the beginning of serial manufacturing at Zvezda shipyard of modern heavy-tonnage vessels for crude oil and products transportation. Company profile page for Gsh2 Aframax Tanker I AS including stock price, company news, press releases, executives, board members, and contact information. , a global shipping company specializing in the ownership of vessels, announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase a 2007 built Aframax tanker vessel, the M/T FSL Shanghai, from an unaffiliated third party seller for a total purchase price of US$26. The 112,000-deadweight-tonnage ship is scheduled for delivery by January 2022, according to Lundqvist Rederierna. PB Tankers owns and operates a medium range (MR) tanker and Oil Tanker fleet, built and managed according to the highest standards of quality, reliability and safety. More details are presented in the following table: name type dwt cbm Built yard Crude Oil Tankers: name FSL Shanghai type Oil Tanker dwt 115,000 cbm 133,330 Built 2007. Andreas Michalopoulos, the Company's Deputy Chief Executive Officer, stated: "The Company is pleased to have taken delivery of the M/T P. The vessels in question are the 2003-built British Merlin and the 2004-built British Curlew which were disposed for USD 13. FKAB China has informed that the MV Zhen Hua 7, the semi-submersible heavy lift vessel (SSHLV) converted from an. (NASDAQ: PSHG) has taken delivery of the M/T P. The size places them in the category of super tankers. We have a fleet that contains chemical tanker, oil tanker, off shore support unit, gas tanker and many dry bulk vessels. The firm that owns the crude tanker leases the ship under a complicated contract to oil marketers, oil refiners, chemical companies, or other users like contractors representing governments. Other leading Greek shipping companies have also recently opted for Wärtsilä FPPs. The company is a leading player in the product tanker industry, operating one of the largest fleets of vessels and employs over 3,000 employees worldwide. , TORM operates a large and modern fleet of product tankers. N2Tankers brings the shipowning and operational expertise of Nissen Kaiun and Reederei Nord under one central umbrella administration for the first time. 37 Tuas Road, Singapore 638503 Tel: +65 6863 2202 Fax: +65 6863 9480. Aframax Tanker for Crude Oil and Dark Petroleum Products. This has been possible thanks to the strong relations created between the two companies during the construction of seven Aframax tankers delivered over the period of the last five years, Lundqvist Rederierna said. 00 m, moulded beam of 42. Tanker Pacific's Aframax Barents Sea undergoing STS in Europoort's Caland Canal. Though relatively small in size in comparison to VLCC and ULCC, Aframax tankers have a capacity to carry up to 120,000 metric tonnes of crude oil. N2Tankers brings the shipowning and operational expertise of Nissen Kaiun and Reederei Nord under one central umbrella administration for the first time. (NASDAQ: DCIX), (the "Company"), a global shipping company specializing in the ownership of vessels, today announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase a 2007 built Aframax tanker vessel, the M/T FSL Shanghai, from an unaffiliated third party seller for a total. While we remain cautious given the unprecedented global circumstances, we are currently benefiting from the development of a robust tanker market supported by increased. Heidmar inks agreement for Signal to. The Company also expects to take delivery of one additional Aframax tanker vessel by the end of January 2020. We hold the largest market share and are currently expanding our leading position with a modern fleet. The tanker derives its name from AFRA which stands for Average Freight Rate Assessment. Aframax tanker conversion to SSHL vessel complete. Aframax is a medium-sized crude tanker with a dead weight tonnage (DWT) ranging between 80,000 and 120,000. Green Fleet in near future will be consist of MR tanker vessels, Aframax Tankers and Kamsarmax Bulk carriers. 2017 grt 57,979 / nrt 31,829 mt loa 246. 00 m and maximum draft of 14. The post Lundqvist Rederierna orders LNG-powered Aframax appeared first on Offshore Energy. Specially designed from a charterer's perspective, our new buildings are engineered to provide faster maximum achievable speed, larger carrying capacity relative to vessels of the same class and double-up pumping capabilities. The names of the Aframax vessels will start from letter A and of the Kamsarmax from leter K in order to identify the type of the vessel. The Company also expects to take delivery of one additional Aframax tanker vessel by the end of January 2020. With the earnings for an Aframax trading crude from the Arabian Gulf to South East Asia at USD 33,400/day for a 'dirty' voyage versus USD 24,500/day for a 'clean' trip, a portion of the LR2 Aframax product carrier fleet will switch from 'clean' to 'dirty' to take advantage of market discrepancies, according to Poten & Partners' latest Tanker Opinion. EPIC Midstream loaded its first oil tanker at its new Texas export terminal and plans to open another dock in the third quarter of 2020, benefiting from rising demand for low-sulfur U. While the company reported positive net income in Q4/. AFRAMAX: A tanker of maximum 79,999 tonnes deadweight, or the largest tanker size in the Average Freight Rate Assessment Scale. While we remain cautious given the unprecedented global circumstances, we are currently benefiting from the development of a robust tanker market supported by increased. The management team of Jellicoe Tankers are pleased to announce we have reached an agreement with our partner shareholders to buy out their share in the company in a management buyout. We have not included FPSOs or. The John Kilakos-led company sold the 113,000-dwt Aquanaut (built 2003) to. The size places them in the category of super tankers. With a solid footprint in northwest Europe, carrying both dirty and clean products, our Intermediate fleet is a market leader with the biggest contracts in the region. The largest oil tanker shipping companies in the world facilitate the majority of crude oil trade globally. The six ships will be delivered in 2018-2019, according to maritime news provider Lloyd's List. Tankers of 100,000 dwt and less can be crude-oil ("dirty") carriers or product ("clean") carriers. light refined products, include gasoil, jet fuel, kerosene, gasoline. 80 / lbp 235. With vessels varying in size from 35,000-114,000 dwt. Teekay is the largest operator of mid-sized tankers including suezmax, aframax, and long range two (LR2) vessels. Tanker Fleet. DS-Tankers is committed to achieve Health and Safety Excellence. Product Tankers' main characteristics are epoxy-coated cargo tanks that protect cargo, while facilitating tank cleaning between one loaded grade to the next. Today we manage more than 30 Aframax / LR2 vessels, and provide our partners with a global trading portfolio that includes a lucrative blend of dirty and clean trading. British multinational oil and gas company British Petroleum (BP) has reached an agreement to sell two of its Aframax tankers to an undisclosed Greek shipowner, according to data provided by VesselsValue. Kikuma (formerly FSL Shanghai), a 2007-built Aframax tanker of 115,915 dwt that the Company entered into an agreement to purchase in February 2020. Green Fleet in near future will be consist of MR tanker vessels, Aframax Tankers and Kamsarmax Bulk carriers. The Company also expects to take delivery of one Aframax tanker vessel by the beginning of November 2019. An AFRAMAX ship is an oil tanker smaller than 120,000 metric tons deadweight (DWT) and with a breadth above 32. The fleet presently consists of 21 double hull tankers with a combined capacity of 1,557,850 dwt, 6 LPG/NH3 carriers with a combined capacity of 197,940 cbm and 3 LEG. Kikuma, its fourth Aframax tanker vessel, which marks an additional step in becoming a pure tanker owning company. 2017 grt 57,979 / nrt 31,829 mt loa 246. mt " spero " ( ex seaservice ) - hong kong flag double hull abt 107,160 dwt on 14. AFRAMAX vessels refer to ships between 80,000 and 120,000 deadweight tons. PB Tankers operates in the MR Tankers market and owns a fleet of product tankers, all built and operated in accordance with the highest standards for quality and reliability. As usual, the data used to calculate Tanker Operator’sTop 30 listing is compiled by calculating the fleet by total deadweight tonnage per tanker company. It flowed its first oil into an Aframax tanker. Atlas operates a fleet with a total capacity of more than one million DWT. While the company reported positive net income in Q4/2019, operating cash flow remained negative. Major Singapore-based shipowner Eastern Pacific Shipping is planning to sell the two most modern trading aframax tankers in its fleet. 37 percent owned subsidiary of Singapore's Rex International. The company is a leading player in the product tanker industry, operating one of the largest fleets of vessels and employs over 3,000 employees worldwide. Claim it for free to: Update. Low-profile Greek tanker player Coral Shipping has pulled off a remarkable asset play with an aging aframax tanker. Teekay is the largest operator of mid-sized tankers including suezmax, aframax, and long range two (LR2) vessels. Despite the gap in earnings between the two vessel segments, concerns remained that Aframax rates could fall sharply after the ships currently taken on short term time charter were redelivered to owners. Maersk Tankers operates one of the largest product tanker fleets in the world with vessels in the Intermediate, Handy, MR, LR2 and Aframax segments of the market. In 2018 Sovcomflot started commercial and technical operation of the world's first large-capacity oil tankers using LNG as their primary fuel. Performance Shipping Inc. 4 mill dwt newbuildings) TAKER Operator’s Top 30 owners and operators This list has been compiled in terms of deadweight tonnage and includes companies owning or operating mainstream large crude carriers, chemical and products tankers of over 10,000 dwt. The well is located in Block 50, 30km offshore east Oman. Type: Double Hull Oil Tanker Yard built: Samsung Heavy Industries, Korea DWT / Draft: Summer SW 114,060 mt on 15. DS-Tankers will ensure that the concept of safe and healthy operations are conveyed and understood by all employees and that safe working practices are fully implemented ashore and on board all its ships. 0 metre thick ice. Weber Company, Inc. We work with the best shipyards & maritime companies to offer you the best tanker ships and crude oil tanker ships for sale and we can guarantee you only the best quality and service here. With over 140 years of experience, Samos Steamship offers reliable sea transport, combining expertise, flexibility and innovation. The order was placed with Wärtsilä's joint venture company in China, Wärtsilä CME Zhenjiang Propeller Co Ltd (WCME), in December 2015. 3 mill dwt) The South Korean concern has shot up the rankings thanks to the. 5 million tons of an average age of 7 years. LR2/Aframax, Oil Product Tanker + TANKER FLEET. They will be the first vessels of such type built in Russia in compliance with high ecological standards. Teekay Tankers currently owns a fleet of 46 double-hull tankers, including 26 Suezmax tankers, 11 Aframax tankers, and nine Long Range 2 (LR2) product tankers, and has six Aframax tankers and four. 00 m, moulded beam of 42. 5 million and USD 15 […]. As a leading Technical and Commercial tanker operator, AMCL is presently managing VLCC and Aframax fleet owned by China Merchants Energy Shipping Company Limited and China VLCC Company Limited, while AMCL is also willing to provide tanker management services for other ship owners in the future. Masirah is an 86. Creation with by by. N2Tankers brings the shipowning and operational expertise of Nissen Kaiun and Reederei Nord under one central umbrella administration for the first time. The ceremony signaled the beginning of serial manufacturing at Zvezda shipyard of modern heavy-tonnage vessels for crude oil and products transportation. Aframax is a medium-sized crude tanker with a dead weight tonnage (DWT) ranging between 80,000 and 120,000. (NASDAQ: PSHG), a global shipping company specializing in the ownership of vessels, today announced that, through a separate wholly-owned subsidiary, it has taken delivery of the M/T P. Exploration and production company Masirah Oil has completed the Yumna 1 well and flowed first oil into an Aframax tanker. Type of vessel operated are oil, product and chemical tankers. Soedarpo Sastrosatomo. Specialised in marine transport of crude oil and oil products, PB Tankers provides the logistical support and shipping expertise to satisfy our clients' oil transportation needs. The fleet presently consists of 21 double hull tankers with a combined capacity of 1,557,850 dwt, 6 LPG/NH3 carriers with a combined capacity of 197,940 cbm and 3 LEG. They were built to serve the Trans-Alaska Pipeline System. With vessels varying in size from 35,000-114,000 dwt. Leveraging on 50-year long expertise of the Group, the Company has. British multinational oil and gas company British Petroleum (BP) has reached an agreement to sell two of its Aframax tankers to an undisclosed Greek shipowner, according to data provided by VesselsValue. The order was placed with Wärtsilä's joint venture company in China, Wärtsilä CME Zhenjiang Propeller Co Ltd (WCME), in December 2015. Development of the Arctic Aframax Tanker. Since 1993 the company has decided to specialize in Panamax - Aframax class tanker trade. The Aframax tanker class is becoming the latest “success story” in an otherwise turbulent year for the wet market. Companies. The Company objectives are:. The innovative design is the outcome of a co-operation, which combines the superior technical capabilities of both companies. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2019; Announces Delivery of the Aframax Tanker Vessel, the M/T P. Specialised in marine transport of crude oil and oil products, PB Tankers provides the logistical support and shipping expertise to satisfy our clients' oil transportation needs. Description. Previously, we thought that Iran may have pulled it off. Tanker Aframax River Hits Mooring, 88,000 Gallons Of Oil Burn a fuel tank ruptured causing a spill of 88,000 gallons diesel fuel that quickly ignited. DS-Tankers is committed to achieve Health and Safety Excellence. The Company objectives are:. (NASDAQ: PSHG), a global shipping company specializing in the ownership of vessels, today announced that, through a separate wholly-owned subsidiary, it has taken delivery of the M/T P. 08, respectively. In July 2018 the two companies launched a JDP with the aim of producing a ready-to-build design for an LNG-fuelled 115,000 dwt Aframax tanker. SKS currently controls a fleet consisting of: 5 Suezmax tankers of 159,000 DWT (Epoxy Coated cargo tanks) 10 Product Tankers of 120,000 DWT. StealthGas Inc is the world's largest owner of LPG pressurized carriers in the strategic 3,000-8,000cbm segment. ATHENS, GREECE, February 18, 2020 - Performance Shipping Inc. Kikuma (formerly "FSL Shanghai"), a 2007-built Aframax tanker of 115,915 dwt that the Company entered into an agreement to. Samos manages a fleet of 2. 00 m daewoo - mangalia. A crude oil tanker owned by Russian state-owned shipping company Sovcomflot has completed its first voyage across the Baltic and North Seas operating on liquefied natural gas (LNG), the company. Type Product Carriers and one Aframax oil tanker. 5 million and USD 15 […]. Sovcomflot has ordered two more aframax tankers able to run on liquified natural gas (LNG) bunker fuel joining the four it ordered earlier this year. 37 Tuas Road, Singapore 638503 Tel: +65 6863 2202 Fax: +65 6863 9480. Around 15% of BP's hydrocarbon cargoes are carried on our BP-operated ships. com, mainly located in Asia. Performance Shipping Inc. "The Company is pleased to have taken delivery of the M/T P. 9 mill dwt) Dynacom manages 14 VLCCs, 23 The company controls 18 VLCCs, one Aframax, 2 LR1s, 34 MRs and eight Handysize tankers. That's significant fleet shrinkage. We currently manage over 120 oil tankers ranging from Aframax to VLCC to Suezmax to MR Product to Bunker from 34,000 dwt to 320,000 dwt. The tanker will have a deadweight tonnage of 118,000t. The Product Tanker Fleet includes the following categories of vessels, based on their carrying capacity: Aframax - Long Range 2 (LR2): 90. The Stena Ice-Aframax is a crude oil tanker designed to navigate in extreme ice conditions with 1. AFRA is acronym for Average Freight Rate Assessment, used by the major oil companies, traders and other market players as a source of unbiased market rates. mt " spero " ( ex seaservice ) - hong kong flag double hull abt 107,160 dwt on 14. Green Fleet in near future will be consist of MR tanker vessels, Aframax Tankers and Kamsarmax Bulk carriers. 100 m Company Fleet Tanker Container Bulker Manning Company Policies D & A Policy Seafarers Information. Heidmar's Sigma Aframax Pool, founded in 2004, remains the world's the largest 3rd party Aframax Pool. The post Lundqvist Rederierna orders LNG-powered Aframax appeared first on Offshore Energy. Performance Shipping Inc. , a global shipping company specializing in the ownership of vessels, Tuesday (Feb18) announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase a 2007 built Aframax tanker vessel, the M/T FSL Shanghai, from an unaffiliated third party seller for a total purchase price of US$26. They are just ideal. 5 million in February; Demand for newbuild tankers is falling, and companies aren't ordering new vessels, so there's been a fall in vessel prices. The term is based on the AFRA - Average Freight Rate Assessment - a tanker rate system created in 1954 by Shell Oil to standardize shipping contract terms. Creation with by by. Teekay is the largest operator of mid-sized tankers including suezmax, aframax, and long range two (LR2) vessels. 2017 grt 57,979 / nrt 31,829 mt loa 246. The Aframax tankers are often referred to as the "workhorses" of the world tanker fleet, as they carry large quantities of crude from many producing regions and are able to use most port facilities. Frontline is a world leader in the international seaborne transportation of crude oil. Product Tankers' main characteristics are epoxy-coated cargo tanks that protect cargo, while facilitating tank cleaning between one loaded grade to the next. The well is located in Block 50, 30km offshore east Oman. BP Shipping also charter vessels for specific periods of time and spot charter vessels for single voyages. PERFORMANCE SHIPPING INC. Since 1993 the company has decided to specialize in Panamax - Aframax class tanker trade. Hailed as 2018 Tanker Owner/Operator of the Year, we take pride in delivering safe, high-quality maritime logistics solutions and services. With over 140 years of experience, Samos Steamship offers reliable sea transport, combining expertise, flexibility and innovation. N2Tankers brings the shipowning and operational expertise of Nissen Kaiun and Reederei Nord under one central umbrella administration for the first time. The Company also expects to take delivery of one Aframax tanker vessel by the beginning of November 2019. Teekay is the largest operator of mid-sized tankers including suezmax, aframax, and long range two (LR2) vessels. 2018, dd due 02. Finnish shipping company Lundqvist Rederierna has ordered a liquefied natural gas-powered Aframax tanker from Japan’s Sumitomo Heavy Industries. In addition, the construction of five crude and product carriers ordered by Rosneft in September will be supervised by Sovcomflot and the company. Company recently acquired a fourth Aframax tanker at no additional dilution to common shareholders. 5 million in February; Demand for newbuild tankers is falling, and companies aren't ordering new vessels, so there's been a fall in vessel prices. A foul play is taking place according to GNMTC representative, Mr. It flowed its first oil into an Aframax tanker. Due to their favorable size, Aframax tankers can serve most ports in the world. 5 million tons of an average age of 7 years. PTM is committed to providing world-class ship management services, meeting or exceeding, safety, environmental and customer requirements and conducting its operations in a manner. Performance Shipping Inc. The John Kilakos-led company sold the 113,000-dwt Aquanaut (built 2003) to. Major Singapore-based shipowner Eastern Pacific Shipping is planning to sell the two most modern trading aframax tankers in its fleet. Aframax AFRA stands for Average Freight Rate Assessment. More details are presented in the following table: name type dwt cbm Built yard Crude Oil Tankers: name FSL Shanghai type Oil Tanker dwt 115,000 cbm 133,330 Built 2007. The order was placed with Wärtsilä's joint venture company in China, Wärtsilä CME Zhenjiang Propeller Co Ltd (WCME), in December 2015. ET Suezmax, Aframax. TORM is a pure play product tanker company and one of the world's leading carriers of refined oil products such as gasoline, jet fuel, naphtha and diesel oil. Teekay Corporation of Canada operates a total of 67 Aframax ships, which makes it the owner of the largest fleet of Aframax tankers in the world. --Performance Shipping Inc. VI TANKEROperator Annual Review March 2009 Part of the Angelicoussis group, Kristen Navigation has 26 VLCCs, five Suezmaxes and six Aframaxes in service with a further two VLCCs, seven. , a global shipping company specializing in the ownership of vessels, Tuesday (Feb18) announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase a 2007 built Aframax tanker vessel, the M/T FSL Shanghai, from an unaffiliated third party seller for a total purchase price of US$26. It was formally inaugurated at its new premises on the 31st August 2004 by the Honourable DG Shipping Mr. Prior to this, he held the position of AVP of Aframax Atlantic Chartering where he oversaw the entire commercial chartering and operations of AET's Aframax tankers in the Atlantic basin. Opening Date. jellicoetankers. PTM is committed to providing world-class ship management services, meeting or exceeding, safety, environmental and customer requirements and conducting its operations in a manner. Teekay Corporation of Canada operates a total of 67 Aframax ships, which makes it the owner of the largest fleet of Aframax tankers in the world. 00 / depth 21. 2020-03-02. Company profile page for GSH2 Aframax Tanker II AS including stock price, company news, press releases, executives, board members, and contact information. The San Clemente-class oil tanker is a class of Oil tankers built by National Steel and Shipbuilding Company (NASSCO), San Diego. This has been possible thanks to the strong relations created between the two companies during the construction of seven Aframax tankers delivered over the period of the last five years, Lundqvist Rederierna said. ATHENS, Greece, March 30, 2020 — Performance Shipping Inc. Development of the Arctic Aframax Tanker. Tanker Pacific's Aframax Barents Sea undergoing STS in Europoort's Caland Canal. EPIC Midstream loaded its first oil tanker at its new Texas export terminal and plans to open another dock in the third quarter of 2020, benefiting from rising demand for low-sulfur U. Home Company Fleet Tanker Container Bulker Manning Company Policies D & A Policy Seafarers Information. TORM is a pure play product tanker company and one of the world's leading carriers of refined oil products such as gasoline, jet fuel, naphtha and diesel oil. Yumna 1 well Exploration and production company Masirah Oil has completed the Yumna 1 well. This follows the recent deliveries of the LR2 'Free Spirit', 2008-built, 113,000 dwt, chartered in by Concord Maritime in November, and Atlas Maritime's - 'Aspasia Lemos', 2009-built, 105,187 dwt; the …. Rosneft Oil Company, Zvezda Shipbuilding Complex, Arctic Leasing LLC (a VEB Group Company) and SKF ECO LLC (a Sovkomflot Group Company) in the framework of the Eastern Economic Forum signed a number of agreements for construction of two new generation Aframax crude oil tankers operating on LPG with their subsequent long-term chartering. Eletson has a global presence with headquarters in Piraeus, Greece as well as offices in Stamford, Connecticut and London. Despite the gap in earnings between the two vessel segments, concerns remained that Aframax rates could fall sharply after the ships currently taken on short term time charter were redelivered to owners. (DCIX), (the "Company"), a global shipping company specializing in the ownership of containerships and tanker vessels, today announced that it has agreed to acquire. While we remain.
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