Frontline Announces Acquisition of VLCC Resale and Two LR2 Newbuildings

Frontline Announces Acquisition of VLCC Resale and Two LR2 Newbuildings

Frontline Ltd. (Frontline) (NYSE:FRO) announced yesterday that it has acquired a scrubber-equipped VLCC resale under construction at Hyundai Samho Heavy Industries (HSHI) expected to be delivered in May 2020 and has …
Jun 20, 2019 /  Curious
GTT receives new order from Hyundai Samho to design the tanks of an LNG carrier for NYK

GTT receives new order from Hyundai Samho to design the tanks of an LNG carrier for NYK

GTT has received an order from Hyundai Samho Heavy Industries (HSHI) for the tank design of a Liquefied Natural Gas Carrier (LNGC) on behalf of the Japanese ship-owner Nippon Yusen Kaisha (NYK). GTT’s Mark III …
Apr 24, 2019 /  Curious
NYK Concludes Long-term Charter Agreement for LNG Carrier with Edison SPA

NYK Concludes Long-term Charter Agreement for LNG Carrier with Edison SPA

NYK has signed a contract with Edison SPA, a Milan-based energy company, to charter out a newly built liquefied natural gas (LNG) carrier for up to 20 years, including optional extension periods. The vessel is …
Apr 10, 2019 /  Vessels
TOP Ships Inc. Announces Conclusion of Suezmax Financing and Additional Sources of Capital

TOP Ships Inc. Announces Conclusion of Suezmax Financing and Additional Sources of Capital

TOP Ships Inc., an international owner and operator of modern, fuel-efficient “ECO” tanker vessels currently focusing on the transportation of crude oil and petroleum products, announced Monday that it has …
Dec 4, 2018 /  Finance
TOP Ships Inc. Announces Credit Committee Approval for up to $92.5 Million in Financing for Two Suezmax Newbuilding Vessels

TOP Ships Inc. Announces Credit Committee Approval for up to $92.5 Million in Financing for Two Suezmax Newbuilding Vessels

TOP Ships Inc., an international owner and operator of modern, fuel-efficient "ECO" tanker vessels currently focusing on the transportation of petroleum products, announced today that it has obtained non-binding credit …
Sep 12, 2018 /  Finance
Bahri Fleet Continues To Grow With The Addition Of 45th VLCC

Bahri Fleet Continues To Grow With The Addition Of 45th VLCC

Bahri, a global leader in logistics and transportation, Tuesday (Apr 10) accepted the delivery of ‘Khurais,’ a Very Large Crude-oil Carrier (VLCC), further enhancing its market-leading capabilities in crude …
Apr 11, 2018 /  Vessels
Almi Tankers takes delivery of newbuild VLCC Almi Atlas

Almi Tankers takes delivery of newbuild VLCC Almi Atlas

Almi Tankers S.A. has announced that on March 13th, 2018, the M/T Almi Atlas, the first of the two VLCCs of its newbuilding project at Hyundai Samho Heavy Industries was delivered to her owners at the Mokpo shipyard. …
Mar 27, 2018 /  Vessels
GTT signs contract with HSHI for the design of LNG tanks of two new LNG carriers

GTT signs contract with HSHI for the design of LNG tanks of two new LNG carriers

GTT has received an order from the Korean shipyard Hyundai Samho Heavy Industries (HSHI) for the design of the LNG tanks of two new 174,000m3 LNG carriers (LNGC). These vessels will be built on behalf of a European …
Mar 22, 2018 /  Finance
Hyundai Samho Heavy Industries ready to deliver its green oil tanker

Hyundai Samho Heavy Industries ready to deliver its green oil tanker

South Korea’s Hyundai Samho Heavy Industries Co. affiliated with the country’s largest shipbuilder Hyundai Heavy Industries Co. has completed building a very large crude-oil carrier (VLCC) fitted with an …
Mar 15, 2018 /  Vessels
Bahri Continues Strong Start To 2018 With Addition Of Second VLCC For This Year

Bahri Continues Strong Start To 2018 With Addition Of Second VLCC For This Year

Continuing its strong start to 2018, Bahri, a global leader in transportation and logistics, today accepted the delivery of ‘Lawhah’, a Very Large Crude-oil Carrier (VLCC), to further cement its …
Feb 1, 2018 /  Vessels