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Tagged in product tankers
Ardmore Announces Sale and Time-Charter Back of Vessels
Ardmore Shipping Corporation (NYSE: ASC) (Ardmore) announced today that it has agreed terms for the sale of three 2008-built MR product tankers to Leonhardt & Blumberg for an aggregate price of $40 million. Following completion of the sales and …
Apr 5, 2022 / Vessels
Pyxis Tankers Announces Sale of Two Small Tankers
Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS, an international pure play product tanker company, today announced that it has agreed to sell the Northsea Alpha and Northsea Beta, two 2010 built 8,600 dwt product tankers for an aggregate sale price of $8.9 …
Jan 4, 2022 / Vessels
Ocean Yield announces investment in two LR2 product tankers with long-term charters
Ocean Yield ASA (Ocean Yield) announced on Monday (Dec13) that the Company will invest in two modern LR2 product tankers with 10-year bareboat charters to Scorpio Tankers Inc. (Scorpio Tankers) with purchase obligations at the end of the …
Dec 15, 2021 / Finance
SFL acquires four LR2 product tankers in combination with long term charters
SFL Corporation Ltd. (NYSE: SFL) (SFL) announced today that it has agreed to acquire four modern Aframax LR2 product tankers for an aggregate purchase price of $160 million in combination with long term time charters to a subsidiary of Trafigura, a …
Nov 23, 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
Maersk Tankers seals deal to sell six Maersk Product Tankers-owned LR2 vessels
Maersk Tankers has on behalf of Maersk Product Tankers entered an agreement for the sale of six new Long-Range 2 (LR2) product tankers in an en-bloc transaction.The transaction happens in line with Maersk Product Tankers’ asset strategy of …
Apr 15, 2021 / Curious
TEN Ltd Announces 24-to-36 Month Charters With Major Oil Concern
$20.0 million in minimum gross revenuesTEN, Ltd (TEN) (NYSE: TNP) Wednesday (Dec23) announced 24-month charters extensions with profit sharing provisions for two product tankers to a major oil concern. Excluding options for an additional 12-month …
Dec 26, 2020 / Vessels
NORDEN announces strategic product tanker partnership with Diamond S Shipping Inc.
Two of the world’s largest owners/operators of product tankers, NORDEN and Diamond S Shipping Inc. have today created a strategic partnership, DiaNor, to facilitate the commercial consolidation of the product tanker industry.Diamond S will initially …
Jun 16, 2020 / Vessels
Eastern Pacific Shipping Orders MR Duo at Daesan
Singapore-based ship management company Eastern Pacific Shipping (EPS) has been linked to an order for up to four 50,000 dwt MR product tankers at Korean shipbuilder Daesun Shipbuilding and Marine Engineering.The order includes two firm plus two …
Feb 24, 2020 / Curious
FSL Trust sells two LR2 product tankers
FSL Trust Management Pte. Ltd., as trustee-manager of First Ship Lease Trust (FSL Trust), announces that wholly-owned subsidiaries of the Trust have executed Memoranda of Agreement to sell two LR2 product tankers, FSL Piraeus and FSL Perth, to an …
Nov 20, 2019 / Vessels