Tag: newbuildings

The oil tanker industry is facing challenges due to a shortage of new ships entering the fleet, with only two new supertankers expected in 2024— the lowest in almost four decades and 90% below the yearly average.

Danaos Corporation has disclosed that, in February 2024, the company expanded its order book by incorporating two additional 8,258 TEU newbuildings at Yangzijiang shipyard.

Samsung Heavy Industries has secured a contract worth $3.44 billion to build 15 liquefied natural gas (LNG) carriers for an undisclosed Middle Eastern client, likely QatarEnergy.

AET has welcomed their latest LNG dual-fuel very large crude carrier (VLCC), Eagle Veracruz, the third and final tanker delivered on long-term charter to Shell Tankers (Singapore) Private Limited.

Frontline has signed an agreement to sell its five oldest Very Large Crude Carriers (VLCCs), built in 2009 and 2010, for a total net sale price of $290 million to replace them with more efficient ships. 

Capital Product Partners L.P., announced that it successfully took delivery of the LNG Carrier (LNG/C) ‘Axios II’.

Clarksons Research has released the latest Green Technology Tracker, including full year 2023 data points, charting the progress of alternative fuel uptake and investments in energy saving technologies across the global shipping fleet.

Capital Product Partners L.P. (CPLP) announced the closing of the Umbrella Agreement with Capital Maritime & Trading Corp. and Capital GP L.L.C., finalizing the acquisition of 11 newbuild liquefied natural gas carrier vessels (LNG/C) for a total acquisition price of $3,130 million.

Odfjell SE has decided to expand its fleet with six newbuildings through a combination of long-term time charter and pool agreements.

AET has been delivered its second LNG dual-fuel very large crude carrier (VLCC), Eagle Ventura, chartered to Shell for a long-term contract.