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Tagged in product tanker

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

Scorpio Tankers Announces an Agreement to Sell an MR Product Tanker and the Exercise of Purchase Options on Five Ships

Scorpio Tankers Inc. (NYSE:STNG) (Scorpio Tankers) announced today that it has entered into an agreement to sell an MR product tanker, and has exercised the purchase options on five ships. Sale of an MR Product Tanker The Company has entered into an …
Jan 16, 2024 / Vessels

Pyxis Tankers Announces Closing of the Sale of 2015 Built Tanker

Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international shipping company, today reported that on December 15, 2023, the Company closed on its previously announced sale of the Pyxis Epsilon, a 2015 built 50,295 dwt MR product tanker.  After …
Dec 19, 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

Four New Methanol-Ready Vessels to be Built to ABS Class for Algoma

Algoma Central Corporation (Algoma) has ordered two, methanol-ready, 37,000-DWT, ice-class product tanker vessels to be built to ABS Class. This CAN$127m investment followed an order for two, new, 72,250-DWT, methanol-ready, Kamsarmax-based ocean …
Jul 26, 2023 / Curious

Algoma Central Corporation fuels domestic product tanker business with $127-million newbuild investment in partnership with Irving Oil

Algoma Central Corporation (Algoma) (TSX: ALC), announced on Monday (Jun19) it has placed an order with Hyundai Mipo Shipyard in South Korea to build two 37,000 DWT ice class product tanker vessels for a total investment of $127 million CAD. These …
Jun 20, 2023 / Curious

Hafnia’s second LNG-fuelled tanker named in China

Guangzhou Shipyard International (GSI), a subsidiary of CSSC, has held a naming ceremony for Hafnia’s second liquefied natural gas (LNG) dual-fuel product tanker. As disclosed, the naming ceremony took place at the company’s yard in China on 22 May. …
May 23, 2023 / Vessels

Concordia Maritime AB entered into an agreement for the sale of the product tanker Stena Penguin

Concordia Maritime AB has entered into an agreement for the sale of the product tanker Stena Penguin. The sale is expected to have a positive liquidity effect of approximately SEK 215 million. Stena Penguin, 65,200 dwt, was built in 2010. The buyer …
May 3, 2023 / Vessels

Pyxis Tankers Announces Completion of Sale of Its 2009 Built Tanker

Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international pure-play product tanker company, today announced that it has completed the sale of the Pyxis Malou, a 2009 built 50,667 dwt product tanker, for the aggregate sale price of $24.8 million. …
Mar 24, 2023 / Vessels