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Northern Sea Route Nordøstpassage Sovcomflot 2
Photo: Sovcomflot

Sovcomflot completes rare Arctic voyage

Tanker:

Accompanied by a nuclear icebreaker, Russian tanker carrier Sovcomflot has, in a three-vessel convoy, transited the Northern Sea Route as the first ever to do so this late in the season.


BY OLE ANDERSEN
Published 12.01.17 at 10:20

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Most read Tanker

New tanker behemoth is a guidepost in consolidation wave

Photo For Superintdt 083.jpg Tanker:

The idea that bigger companies enjoy increased interest from major investors will now be put to the test in the wake of the merger between Navig8 and Scorpio Tankers, says Mikael Skov, CEO of Hafnia Tankers, who has IPO plans of his own.

New shipping fund with Maersk players makes first acquisition

Tanker:

Navigare Capital Partners, a new investment company targeting the shipping industry, has made its first investment in two product tankers. "We will invest in different segments," CEO Henrik Ramskov tells ShippingWatch.

Scorpio Tankers merges with Navig8

Tanker:

The consolidation wave in product tanker is now reality. Robert Bugbee's Scorpio Tankers will merge with Navig8 and issue new shares for USD 200 million. The new behemoth will have a fleet of 105 vessels and will compete directly with carriers such as Torm, Ardmore, and Hafnia Tankers.

Fredriksen continues his crusade to become top supertanker player

Tanker:

Shipping magnate John Fredriksen continues the battle to take over DHT as the move could give his tanker carrier Frontline a superior position in the VLCC market. "Size does matter," one analyst tells ShippingWatch. "Very insufficient offer," says DHT.

Frontline to DHT: Let the shareholders decide

Tanker:

DHT Holdings' board of directors rejects the Frontline bid announced on April 25. The board adds that it is about time that the parties move on. Instead, Frontline replies that the bid should be presented to the shareholders, according to a comment to ShippingWatch.

Consolidation wave could be in store for product tanker

Tanker:

There will be more mergers, acquisitions, and general consolidation in the product tanker market within the next 12-24 months, Hafnia Tankers and Jyske Bank tell ShippingWatch. Torm Executive Director Jacob Meldgaard is also open to the idea.

Current front page

Major customers criticize carriers' crewing standards

7501007186_4e7b5c4e2a_h.jpg Carriers:

Some of the world's biggest customers in dry bulk and tanker, including Trafigura and Shell, criticize carriers for slacking off on the quality of crews on board vessels, according to a new report. This fact could impact safety.

Lightship loses dramatic court case to former partner

Services:

Shipbroker Lightship Chartering has been sentenced to pay a little over DKK 500,000 to a former partner who now works at Maersk Broker. Lightship has also been sentenced for an email sent by owner Morten Have to the management of Maersk Broker.

Seadrill CEO: We will likely end up in court

Offshore:

CEO Per Wullf expects that Seadrill will have to go to court to apply for receivership as the company does not believe that all its bondholders will agree to the new recapitalization proposal.

Oil countries extend production cuts

Offshore:

Members of OPEC and several other oil producing countries reached an agreement to extend reductions on oil production. However there are indications that the market expected more from the extension.

Death on Norden vessel being investigated

Bulk:

A 38-year-old crew member from the Philippines has been killed in an accident on board Norden vessel Nord Quebec when the ship berthed at Troi-Riviéres in Canada. The Canadian authorities are investigating the accident.

Rickmers Maritime Trust completes first sale of vessels

Container:

Rickmers Maritime Trust has now completed the sale of the five first vessels to Greece's Navios, which has agreed to buy a total of 14 vessels.

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