Maritime news
Monitor breaking maritime news and insights for profitable, efficient and safe shipping.
Tagged in LR1
Maersk Tankers ventures into LR1 segment
Maersk Tankers has launched its first ever pool in the Long-Range 1 (LR1) tanker segment, with Sanmar Shipping becoming its first member. The new LR1 pool offers pool management to owners of tankers ranging from 55,000-80,000 tons DWT and builds on …
Oct 5, 2023 / Curious
Ocean Yield Invests in Four Product Tankers With Inaugural Sustainability-linked Lease
Ocean Yield AS (Ocean Yield) has announced that it has agreed to purchase four LR1 product tankers, to be constructed at Guangzhou Shipyard International (GSI) in China. The vessels will be built with a design enabling them to be converted to …
Aug 1, 2023 / Curious
TORM purchases seven LR1 vessels
On 25 January 2023, TORM entered into an agreement to acquire three LR1 vessels which together with another agreement that TORM entered into earlier in January 2023 resulted in TORM purchasing a total of seven 2011-2013 built LR1 vessels for an …
Jan 26, 2023 / Curious
Scorpio Tankers Inc. Announces Agreements to Sell 14 Vessels, an Update on Financings, and Preliminary Q4 2021 Daily TCE Revenues
Scorpio Tankers Inc. (NYSE:STNG) (Scorpio Tankers) announces that the Company has entered into agreements to sell 14 vessels (two MRs and 12 LR1s), an update on financings, and the preliminary Q4 2021 daily TCE revenues. Caption: Chemical/Oil …
Jan 27, 2022 / Finance
Hafnia is in advanced negotiations regarding the acquisition of of 12 modern LR1 tankers
In response to market rumours, Hafnia Limited (Hafnia, OSE ticker code: "HAFNI") can confirm that the Company is in advanced negotiations with Scorpio Tankers Inc regarding the acquisition by Hafnia of 12 modern LR1 tankers, against cash …
Jan 21, 2022 / Vessels
d’Amico International Shipping S.A. announces the conclusion of a bareboat contract on MT Cielo di Londra
d’Amico International Shipping S.A., an international marine transportation company operating in the product tanker market, announces that its operating subsidiary d’Amico Tankers D.A.C. (Ireland) (d’Amico Tankers), signed a contract to bareboat …
Oct 29, 2021 / Vessels
TEN Ltd Announces 24-Month Charter for Four Panamax Tankers
TEN, Ltd (TEN) (NYSE:TNP) on Friday (Apr16) announced 24-month charters with profit sharing provisions for four LR1 product tankers to an oil concern. The combined minimum revenues from these contracts are expected to be around $40.0 million, …
Apr 19, 2021 / Curious
Navios Maritime Acquisition Corporation Announces $103.2 million Sale and Leaseback Transaction
Navios Maritime Acquisition Corporation (Navios Acquisition) (NYSE:NNA), an owner and operator of tanker vessels, announced today that it has completed a $103.2 million sale and leaseback transaction (Transaction) for three MR2 product tankers and …
Apr 18, 2019 / Finance
Euronav sells LR1 Genmar Compatriot
Euronav NV (NYSE: EURN & Euronext: EURN) (Euronav) announces that the Company has sold the LR1 Genmar Compatriot (2004 – 72,768 dwt) for USD 6.75 million. The vessel will be delivered to her new owners in the course of April 2019.The Company will …
Feb 20, 2019 / Vessels