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
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
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
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
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
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
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
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
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
FEBRUARY 12, 2013 — Classification society DNV and Process Systems Enterprise Ltd. (PSE), a specialist in process modeling technology, have released the results of the maritime CCS (carbon capture and storage) research
FEBRUARY 6, 2013 — The world’s first MAN B&W 7G80ME-C9.2 ultra long stroke engine passed its official shop test last month at Korea’s HHI-EMD, the engine and machinery division of Hyundai Heavy