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Tagged in product tankers
SFL - Acquisition of three newbuild LR2 product tankers in combination with long term charters
SFL Corporation Ltd. (NYSE: SFL) (SFL) announced today that it has agreed to acquire three new LR2 product tankers for an aggregate purchase price of approximately $230 million in combination with long term time charters to a world-leading energy and …
Mar 20, 2024 / Curious
Algoma Central Corporation continues to grow product tanker business with the acquisition of two additional vessels
Algoma Central Corporation (Algoma) (TSX: ALC), a leading provider of marine transportation services, announced on Thursday (Jan18) that the Company has acquired two 2009 built, 16,600 dwt product tankers from Norway’s Knutsen OAS Shipping. “We …
Jan 19, 2024 / 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 three fuel-efficient MR product tankers in a partly share-based transaction
TORM has today entered into an agreement to purchase three 2013-built MR eco product tanker vessels for a total cash consideration of USD 48.5m and the issuance of 1.42 million shares. The transaction will increase TORM’s total fleet to 88 …
Mar 16, 2023 / Vessels
Scorpio Tankers Announces the Exercise of Purchase Options on Six Ships
Scorpio Tankers Inc. (NYSE: STNG) (Scorpio Tankers) announced today that it has exercised the purchase options on six ships. The Company has given notice to exercise its purchase options on two 2016 built LR2 product tankers (STI Grace and STI …
Mar 13, 2023 / Vessels
Algoma Central Corporation Announces Acquisition of Two Product Tankers
The investment strengthens Algoma’s commitment to long-term sustainable shipping solutions Algoma Central Corporation (Algoma) (TSX: ALC), on Thursday (Dec 22), announced that it has acquired two 18,894 dwt product tankers to join the Algoma Product …
Dec 23, 2022 / Vessels
Algoma Central Corporation and Furetank Double Investment in Product Tankers
Algoma and Furetank expand FureBear joint venture to construct four additional climate-friendly dual-fuel product tankers to trade in Northern Europe Algoma Central Corporation (TSX: ALC) today announced that it has doubled its investment in the …
Nov 10, 2022 / Curious
Furetank signs agreement to sell two dual-fuel tankers to Neste
Furetank Rederi AB sells two 17,999 dwt dual-fuel product tankers in the VINGA series to Neste in 2023 and replaces them with new-buildings. Furetank has signed an agreement to sell Fure Valö and Fure Ven to the Finnish company Neste, the world’s …
Oct 14, 2022 / Vessels
Concordia Maritime Announces Sale of Three P-MAX Vessels
In a strong tonnage market, Concordia Maritime has entered into an agreement for the sale of the three product tankers, Stena Primorsk, Stena Performance and Stena Provence, all built in 2006 and of 65,200 dwt. The sale is expected to have a positive …
Sep 19, 2022 / Vessels
United Maritime Announces Accretive Acquisition of a Fleet of Four Aframax Petroleum Tankers
United Maritime Corporation (United) (NASDAQ: USEA) announced today that it has entered into agreements with unaffiliated third parties to purchase a fleet of four tanker vessels, consisting of two Aframax oil tankers and two LR2 product tankers, …
Jul 11, 2022 / Vessels