DHT signs LOI for three VLCCs from HHI
JANUARY 31, 20014 — DHT Holdings, Inc. (NYSE: DHT) says that it has entered into a letter of intent (LOI) with Korean shipbuilder Hyundai Heavy Industries Co., Ltd. for the construction of
VLCC
Euronav to raise $1.085 billion
JANUARY 7, 2014 — Antwerp, Belgium, headquartered Euronav is to raise $1.085 billion to fund the $980 million acquisition of 15 VLCCs from Maersk Tankers that it announced Sunday. It will raise
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
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
Euronav: Best VLCC eco-gains from retrofits, not newbuilds
OCTOBER 16, 2013 — Antwerp, Belgium, headquartered tanker giant Euronav (NYSE: EURN) reported a third quarter loss of $29 million, taking its year to date losses to $47 million. It says that
Armed security team repels Somali pirate attack on VLCC
OCTOBER 14, 2013 — With the movie “Captain Phillips” packing theaters, here comes another reminder that the threat posed by Somali pirates remains very real. EU Naval Force confirms that on Friday
Second Gulf Navigation VLCC arrested
OCTOBER 7, 2013 — Dubai-based tanker operator Gulf Navigation Holdings continues to face problems with its two VLCCs, Gulf Sheba and Gulf Eyadh. As we reported last month, the company is planning
Turbocharger retrofit yields slow steaming fuel savings
OCTOBER 2, 2013 — To reduce fuel consumption during slow steaming, a 318,000 dwt Maersk Tankers VLCC has been retrofitted with Variable Turbine Inlet system (VTI) turbochargers. Cross-section view of VTI turbocharger
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
VLCC design cuts ballast water weight by 65 percent
MARCH 6, 2013 — Classification society ClassNK has granted AIP (Approval in Principle) to a tanker design that reduces the weight of ballast water required by about 65 percent compared with a