Oil tanker

TEN Ltd. Announces the Delivery of a 2020 South Korean-Built VLCC

Retrieved on: 
Tuesday, November 15, 2022
VLCC Metula oil spill, TNP, Acquisition, LNG, NYSE, TEN, Oil tanker

ATHENS, Greece, Nov. 15, 2022 (GLOBE NEWSWIRE) -- TEN, Ltd. (TEN) (NYSE: TNP) (the “Company”) today announced the acquisition of the 2020 South Korean-built Very Large Crude Carrier, to be renamed the “Dias I,” the purchase of which was agreed in the first half of 2022, as previously reported. The vessel was delivered to TEN on expiration of its contract to a major oil concern and management will now consider employment opportunities reflective of market conditions as they present themselves.

Key Points: 
  • The vessel was delivered to TEN on expiration of its contract to a major oil concern and management will now consider employment opportunities reflective of market conditions as they present themselves.
  • With about 65% of the fleet in spot employment or profit-sharing contracts with market exposure, we are positioning the Company to take advantage of this evolving trend for the long-term, Mr. Saroglou concluded.
  • TEN, founded in 1993, is one of the first and most established public shipping companies in the world.
  • TEN undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

Nordic American Tankers Ltd (NYSE: NAT) – two six-year Time Charters concluded for Suezmax New Buildings. Top line contribution of more than $100 million from two ships.

Retrieved on: 
Wednesday, February 9, 2022
Policy, Government, Contract, Light aircraft carrier, Growth, Time, List of Muslim states and dynasties, Scorpio Tankers, Suezmax, VLCC Metula oil spill, Transport, NAT, New, Oil tanker, LNG, NYSE, Mining, Revolution, VLOC, Insurance, Partnership, LPG, Airline, Petroleum

The time charter rates concluded will secure a stable revenue stream over the six years, and generate an aggregate revenue of more than USD 100 million during these charters.

Key Points: 
  • The time charter rates concluded will secure a stable revenue stream over the six years, and generate an aggregate revenue of more than USD 100 million during these charters.
  • The cumulative cash flow, after operating expenses, from these contracts will equal in excess of 60 percent of the original price of the vessels.
  • Mr Herbjorn Hansson of Nordic American Tankers commented:
    Our business is expanding in the Middle East, which is an important area for our operations.
  • Upon delivery of the two new-buildings, NAT will have a number of its vessels on long term charters.

Teekay Group Announces Second Quarter 2021 Earnings Results Conference Calls

Retrieved on: 
Thursday, July 29, 2021
Ships, Teekay, Tanker, Oil tanker, Aerial refueling

Accompanying Second Quarter of 2021 Earnings Presentations will also be available at www.teekay.com in advance of the conference call start times.

Key Points: 
  • Accompanying Second Quarter of 2021 Earnings Presentations will also be available at www.teekay.com in advance of the conference call start times.
  • The consolidated Teekay entities manage and operate total assets under management of approximately $9 billion, comprised of approximately 135 liquefied gas, offshore, and conventional tanker assets.
  • Teekay Tankers vessels are typically employed through a mix of short- or medium-term fixed-rate time charter contracts and spot tanker market trading.
  • Teekay Tankers was formed in December 2007 by Teekay Corporation as part of its strategy to expand its conventional oil tanker business.

Pyxis Tankers Announces Delivery of a Modern Product Tanker

Retrieved on: 
Thursday, July 15, 2021
Tankers, Oil tanker, Pyxis

Maroussi, Greece July 15, 2021 Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international pure play product tanker company, announced today that it took delivery of the Pyxis Karteria, a medium range product tanker of 46,652 dwt built in 2013 at Hyundai Mipo shipyard in South Korea, pursuant to the previously announced transaction of April 29, 2021.

Key Points: 
  • Maroussi, Greece July 15, 2021 Pyxis Tankers Inc. (NASDAQ Cap Mkts: PXS), an international pure play product tanker company, announced today that it took delivery of the Pyxis Karteria, a medium range product tanker of 46,652 dwt built in 2013 at Hyundai Mipo shipyard in South Korea, pursuant to the previously announced transaction of April 29, 2021.
  • It is anticipated that the tanker will be chartered in the spot market over the short term.
  • Valentios Valentis, our Chairman & CEO commented:
    We are pleased to announce the successful delivery of the Pyxis Karteria, which increases our fleet to a total of six vessels including four modern eco- MR2s.
  • We own a modern fleet of six tankers engaged in seaborne transportation of refined petroleum products and other bulk liquids.

DHT Holdings, Inc. announces share buyback

Retrieved on: 
Thursday, July 1, 2021
Ships, Oil tanker, Tankers, N-Shares, BW Group

HAMILTON, BERMUDA, July 1, 2021 DHT Holdings, Inc. (NYSE:DHT) (DHT) announces that the Company has purchased 3,721,841 of its own shares equivalent to 2.2% of its outstanding shares at an average price of $6.025 in the period from May 17, 2021 to June 7, 2021.

Key Points: 
  • HAMILTON, BERMUDA, July 1, 2021 DHT Holdings, Inc. (NYSE:DHT) (DHT) announces that the Company has purchased 3,721,841 of its own shares equivalent to 2.2% of its outstanding shares at an average price of $6.025 in the period from May 17, 2021 to June 7, 2021.
  • The shares have been retired upon receipt.
  • DHT is an independent crude oil tanker company.
  • Our fleet trades internationally and consists of crude oil tankers in the VLCC segment.

Scorpio Tankers Inc. Announces Closing of $61.8 Million Convertible Note Exchange and New Issuance

Retrieved on: 
Wednesday, June 23, 2021
Petroleum industry, Scorpio Tankers, Tanker, Oil tanker

Following closing of the Exchange Offer and the Sale, there are$69.7 millionin the aggregate principal amount of the Existing Notes outstanding and $200.0 million in the aggregate principal amount of the 3.00% Convertible Senior Notes due 2025 outstanding.

Key Points: 
  • Following closing of the Exchange Offer and the Sale, there are$69.7 millionin the aggregate principal amount of the Existing Notes outstanding and $200.0 million in the aggregate principal amount of the 3.00% Convertible Senior Notes due 2025 outstanding.
  • Scorpio Tankers is a provider of marine transportation of petroleum products worldwide.
  • The Companys fleet consists of 131 owned, finance leased, or bareboat chartered-in product tankers (42 LR2 tankers, 12 LR1 tankers, 63 MR tankers and 14 Handymax tankers) with an average age of 5.4 years.
  • Please see the Companys filings with the Securities and Exchange Commission for a more complete discussion of certain of these and other risks and uncertainties.

Scorpio Tankers Inc. Announces Purchase of Call Options by President of the Company

Retrieved on: 
Thursday, June 17, 2021
Petroleum industry, Scorpio Tankers, Tanker, Oil tanker

Scorpio Tankers is a provider of marine transportation of petroleum products worldwide.

Key Points: 
  • Scorpio Tankers is a provider of marine transportation of petroleum products worldwide.
  • The Companys fleet consists of 131 owned, finance leased, or bareboat chartered-in product tankers (42 LR2 tankers, 12 LR1 tankers, 63 MR tankers and 14 Handymax tankers) with an average age of 5.4 years.
  • Additional information about the Company is available at the Companys website www.scorpiotankers.com , which is not a part of this press release.
  • Please see the Companys filings with the SEC for a more complete discussion of certain of these and other risks and uncertainties.

Scorpio Tankers Inc. Announces Convertible Note Exchange and New Issuance

Retrieved on: 
Wednesday, June 16, 2021
Oil tanker, Tankers, Scorpio Tankers

The Company anticipates$200 millionin aggregate principal amount of the New Notes will be outstanding following closing of the Exchange Offer and New issuance.

Key Points: 
  • The Company anticipates$200 millionin aggregate principal amount of the New Notes will be outstanding following closing of the Exchange Offer and New issuance.
  • The New Notes are freely convertible at the option of the holder at any time, for common shares of the Company.
  • Closing of the Exchange Offer is expected to occur on or about June 23, 2021, subject to customary closing conditions.
  • The Companys fleet consists of 131 owned, finance leased or bareboat chartered-in product tankers (42 LR2 tankers, 12 LR1 tankers, 63 MR tankers and 14 Handymax tankers) with an average age of 5.4 years.

Scorpio Tankers Inc. Announces Purchase of Call Options by President of the Company

Retrieved on: 
Tuesday, May 25, 2021
Petroleum industry, Scorpio Tankers, Tanker, Oil tanker

Scorpio Tankers is a provider of marine transportation of petroleum products worldwide.

Key Points: 
  • Scorpio Tankers is a provider of marine transportation of petroleum products worldwide.
  • The Companys fleet consists of 131 owned, finance leased, or bareboat chartered-in product tankers (42 LR2 tankers, 12 LR1 tankers, 63 MR tankers and 14 Handymax tankers) with an average age of 5.3 years.
  • Additional information about the Company is available at the Companys website www.scorpiotankers.com , which is not a part of this press release.
  • Please see the Companys filings with the SEC for a more complete discussion of certain of these and other risks and uncertainties.

Scorpio Tankers Inc. Announces Purchase of Call Options by President of the Company

Retrieved on: 
Thursday, May 20, 2021
Oil tanker, Tankers

The Company\xe2\x80\x99s fleet consists of 131 owned, finance leased, or bareboat chartered-in product tankers (42 LR2 tankers, 12 LR1 tankers, 63 MR tankers and 14 Handymax tankers) with an average age of 5.3 years.

Key Points: 
  • The Company\xe2\x80\x99s fleet consists of 131 owned, finance leased, or bareboat chartered-in product tankers (42 LR2 tankers, 12 LR1 tankers, 63 MR tankers and 14 Handymax tankers) with an average age of 5.3 years.
  • Four Handymax tankers, which were on bareboat contracts, were redelivered to their owners as scheduled in March 2021.
  • Additional information about the Company is available at the Company\xe2\x80\x99s website www.scorpiotankers.com , which is not a part of this press release.\nMatters discussed in this press release may constitute forward\xe2\x80\x90looking statements.
  • Please see the Company\xe2\x80\x99s filings with the SEC for a more complete discussion of certain of these and other risks and uncertainties.\n'