Tag: Suezmax

NAT announced that it has agreed to acquire two Far East built Suezmax tankers at an average age of five years.

Sigh of Relief for Suezmax Owners

New tanker features hull form optimisation and de-rating of main engine power Recognising the ever increasing demand for more fuel efficient and environmentally friendly vessels, leading tanker owner/operator, AET, has taken delivery of the first of four "eco-design" Suezmax tankers. These are the first Suezmax vessels to be owned by the company.Built by Samsung Heavy Industries in Korea, the first 157,000 dwt vessel was delivered and named Eagle San Antonio at a ceremony today, 26 April 2012. The remaining three sister ships will be delivered during the course of this year.AET has made a significant investment in these new "eco-design" vessels to maximise fuel efficiency and to minimise harmful emissions. Innovations include hull form optimisation and de-rating of the main engine power for low load optimisation. The application of energy saving devices include saver fins, a star propeller and rudder bulb which will substantially reduce the amount of fuel used.In addition, the vessel has obtained Lloyd's Register's "Environmental Protection" notation and a Letter of Compliance for a Green Passport. The Energy Efficiency Design Index (EEDI) attained has been verified by Lloyd's Register that it exceeds IMO's requirements. As a result, the vessel has also qualified for the "Green Ship Programme" ...

The contract is expected minimum gross revenues of $100 million Tsakos Energy Navigation Ltd. announced the delivery of the 158,000 dwt, suezmax tanker Dimitris P, from the Sungdong yard in South Korea. On delivery, the vessel entered a twelve-year time charter with minimum and profit sharing provisions to a major Far Eastern entity. The contract is expected to generate minimum gross revenues of $100 million over its duration.The Dimitris P is the sister vessel to the Spyros K, which was delivered in May 2011 with an eleven-year contract attached. This delivery concludes the Company's conventional suezmax newbuilding program, leaving two DP2 suezmax shuttle tankers under construction with expected delivery and commencement of fifteen-year employment in Q4 2012 and Q1 2013 respectively. The two new conventional suezmax vessels have been partially financed at competitive terms by a European bank with whom the Company has a strong and long term relationship.The Company continues to fix forward, despite the market weakness, parts of its fleet on long term accretive contracts, ranging from eleven to fifteen years. As already announced, recent chartering activities include the conventional Suezmax tankers Spyros K (fixed for eleven years from May 2011) and Dimitris P (fixed for twelve years ...