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Tagged in product tanker
MOL Becomes First Japanese Operator to Commercially Install Onboard CO2 Capture System
Mitsui O.S.K. Lines, Ltd. (MOL) on Monday (Apr22) announced that it has decided to equip its LR1 product tanker Nexus Victoria (75,000 DWT class) with the "Filtree System," an onboard CO2 capture system with a SOx scrubber manufactured by Value …
Apr 24, 2024 / Curious
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