ClearOcean Tankers, a newly formed joint venture with equal ownership between Gunvor Group, Oceangold Tankers and Maas Capital, has placed orders for a total of six scrubber-ready tanker newbuilds.
The shipbuilding contract sees four MR2 product tankers being built at STX Offshore & Shipbuilding and two LR2 product tankers at Daehan Shipbuilding; all six of the contracted vessels will be delivered during the first half of 2019.
They will feature eco-friendly designs and be scrubber-ready, in view of the International Maritime Organization’s new standard for lower global sulphur emissions from international shipping that will be implemented in 2020.
Clearlake Shipping, Gunvor’s wholly-owned shipping division, has entered into long-term time charters for the vessels and Oceangold Tankers is also acting as construction supervision and technical manager of the vessels.
“Expanding into vessel ownership and taking advantage of the historically low shipbuilding prices to contract eco-friendly, scrubber-ready newbuilding tankers represented an attractive opportunity,” comments Jan Andersen, Head of Shipping at Clearlake.
“Teaming up with solid partners like Oceangold Tankers and Maas Capital enables us to control more vessels and to de-risk our investment.”
Published date: 24 May, 2018
‘The JMs have failed to discharge their duties by blindly helping the Banks mount a false case against the Defendant,’ wrote defence lawyers representing former IPP Director Dr Goh Jian Hian in court statement.
Lead prosecutor Andreas Myllerup Laursen aims for a fine and a prison sentence in the so-called Syria case scheduled to commence in Odense, Denmark on 26 October, writes the Danish publication.
In a modern re-telling of the story of David versus Goliath, local bunker barge owners/charterers successfully resisted claims brought in the Singapore courts by Phillips 66 for misdelivery of bunkers.
Bunker barge owners and operators; traders and suppliers; banks, including players in other countries, will have to re-examine respective operations, advises Helmsman Associate Director Jonathan Tan.
Vopak BL was a non-essential document with no contractual force and had no effect as a contract of carriage or as a document of title, states written Judgement issued by Singapore Court of Appeal.
Dwivedi Vivek Kumar ended his tenure as Global Head – Bitumen & Shipping & Regional Head – APAC at GP Global APAC on 10 November 2020 due to internal structuring of the GP Global Group.