Euronav buys Maersk VLCCs for $980 million
JANUARY 5, 2013 — Antwerp, Belgium, headquartered tanker giant Euronav reports it has entered into a contract to acquire fifteen Very Large Crude Carriers (VLCC) from Maersk Tankers Singapore Pte Ltd for
tanker
Nobu no go to be FPSO
JANUARY 2, 2014 — A 320,000 dwt tanker originally built to be the H. Elephant for Nobu Su’s troubled TMT now looks set for conversion to an FPSO without ever having carried
Pipeline giant buys Blackstone’s Jones Act tanker biz
DECEMBER 23, 2013 —Pipeline giant Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced it has entered into a definitive agreement to acquire American Petroleum Tankers (APT) and State Class Tankers (SCT)
IRS slashes OSG claim
DECEMBER 20, 2013 — In a filing with the SEC yesterday, battered tanker giant Overseas Shipholding Group, Inc. (OTC:OSGIQ) said that the IRS has reduced its claim for back taxes from approximately
Shipping confidence hits three year high
DECEMBER 18, 2013 — Overall confidence levels in the shipping industry rose to their highest level for more than three years over the three-month period to November 2013, according to the latest
Pemex takes formal control of Spanish shipyard
DECEMBER 17, 2013 — Mexican national oil company Pemex yesterday took formal control of the Barreras Shipyard in Vigo, Spain, in which it now has a 51% stake. At a ceremony to
Heidmar’s Marc La Monte dies unexpectedly at 50
OCTOBER 15, 2015 — Norwalk, CT, headquartered tanker operator Heidmar,Inc. reports the unexpected passing of Marc La Monte of Wilton, CT. Marc La Monte, 1963-2013 Mr. La Monte passed away while on
Scorpio Tankers exercises newbuild options
OCTOBER 11, 2013 — Scorpio Tankers Inc. (NYSE: STNG) (the “Company”) announced today that it has exercised options to construct two Very Large Gas Carriers in South Korea. The company also took
Jensen to manage Jones Act tanker construction program
OCTOBER 2, 2013 — Jensen Maritime Consultants, Crowley Maritime Corp.’s Seattle-based naval architecture and marine engineering company, announced today that the company has been awarded a new construction management contract for four
Gulf Navigation to sell its VLCCs
SEPTEMBER 23, 2013 — Dubai-based tanker operator Gulf Navigation Holdings, which posted a $40.3 million annual loss last year, plans to shed its two VLCCs, Gulf Sheba and Gulf Eyadah. On September