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
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NASSCO to build two LNG-ready tankers for Seabulk
SEPTEMBER 11, 2013 — General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics (GD), has entered into a contract with Seabulk Tankers, Inc., a wholly owned subsidiary of SEACOR Holdings Inc.
CIT supports first vessel acquisition by Tanker Solutions
AUGUST 14, 2012 — CIT Group Inc. (NYSE: CIT) has supported the first vessel acquisition by Tanker Solution, a joint venture between funds managed by TPG Credit Management and Prime Tanker Management.
Jones market health helps American Shipping Company
AUGUST 14, 2012 — American Shipping Company ASA (Oslo: AMSC) had a net profit for Q2 of 2013 of $13.1 million versus $11.8 million in Q2 of 2012. The company was set
Petters: Avondale could yet build Jones Act tankers
AUGUST 8, 2013 — The current healthy market for Jones Act tankers might, just possibly, mean that Huntington Ingalls Industries’ Avondale unit could once again operate as a builder of commercial vessels.
Clean Marine gets EGCS order for shuttle tankers
JUNE 12, 2013 — Nils Høy-Petersen, CEO of Clean Marine AS, Oslo, Norway, says contracts from shipbuilder Samsung Heavy Industries to supply Exhaust Gas Cleaning Systems (EGCS) for two new shuttle tankers
NAT cancels agreement to buy Suezmax
JUNE 10, 2013 — Back on March 20, Nordic American Tankers Ltd. (NAT) announced that it had entered into an agreement to acquire what it then described as a “a very modern
Tanker and tug collide in Houston Ship Channel
JUNE 3, 2013 — The Coast Guard yesterday responded to a collision between a tug pushing barges and a tanker in the Houston Ship Channel Sunday. There has been no report of
Aker Philly in preliminary deal for 2-4 tanker newbuilds
MAY 6, 2013 — Aker Philadelphia’s strategy of building the last two ships in its long running Veteran Class of products carriers for its own account seems to have worked. Both have
Arbitration panel finds for Algoma in shipbuilding case
APRIL 30, 2013 — Algoma Central Corporation (TSE:ALC) reported today that the London, U.K., Arbitration Tribunal hearing a shipbuilding contract dispute involving Algoma Tankers International Inc., a wholly owned subsidiary of Algoma