Operator Tanker Shipping - Tanker Operator

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TOP 30 TANKER COMPANIES MISC Berhad (MISC) (6.52 mill dwt, plus 2.61 mill dwt newbuildings) MISC is one of the 9 world's largest shipping companies by corporatisation and boasts a diversified fleet, including the largest number of LNGCs owned by a single entity. A subsidiary of Petronas, MISC is the leading international An MISC Aframax, which is managed by AET Shipmanagement, Malaysia. Tsakos Group (6.13 mill dwt, plus 930,000 dwt newbuildings) The Tsakos Group, 10 including publicly quoted Tsakos Energy Navigation (TEN), manages six VLCCs;10 Suezmaxes; 14 Aframaxes and six newbuildings; nine Panamaxes, plus four newbuildings; six MR types and shipping line of Malaysia. The principal business of the Corporation is shipowning, shipmanagement, and other related logistics and maritime transportation services. In the figures, we have included the fleet of Londonbased subsidiary AET, formerly American Eagle Tankers, which mainly involves the VLCCs and Aframaxes listed below. Others are chartered in, which could affect the total deadweight at any given time and have not been included in the figures. Of the 48 so called petroleum tankers in the fleet, 10 are VLCCs, 32 are Aframaxes, five are product tankers and one LR2 type. In addition, there are 13 chemical tankers. AET claims to operate more than 70 ships, including 11 VLCCs, 49 Aframaxes and 11 product and shuttle tankers, but some of these are short term chartered, so are not included in the figures. This February, AET took delivery of the Aframax Eagle Turin from Koyo Dockyard, Imabari, which is claimed to be the 49th Aframax operated by the subsidiary. By the end of March, AET will also have expanded its eight handysize product tankers. These include long term chartered vessels. Some of the tankers are Ice Class, enabling Tsakos to trade in presence in the product tanker market by chartering in two 46,000 dwt MR2 types. Illustrating the structure of a modern shipping company today, also in February it was reported that AET had sold the four Aframaxes Eagle Baltimore, Eagle Beaumont, Eagle Birmingham and Eagle Boston to Norwegian finance house ACTA for $52 mill each. The deal included a 10 year bareboat charter back to AET, which will continue to manage and operate the vessels. MISC/AET also has one VLCC, 12 Aframaxes and 16 chemical carriers on order. Not included in the figures are 26 LNGCs, three LPG carriers, three FSOs and the same number of FPSOs. Three new conversions are also underway. In addition, MISC operates a large fleet of containerships (19) and one drybulk carrier. the Baltic during the winter months. In addition, the company has built one LNGC as a 'toe in the water' exercise. Vela International Marine (6.07 mill dwt, plus 3.17 mill dwt newbuildings) 11 We have put Vela in eleventh place as apart from owning 19 VLCCs, one Aframax and four MR product tankers, the Saudi Aramco subsidiary has some 40 VLCCs and product tankers on its books at any one time through spot and timecharters. Therefore, the total is very difficult to quantify as Vela plays the market almost daily. The Dubai-based company also has a large orderbook of six 317,000 dwt tankers due for delivery in 2008 and 2009, plus another four for delivery 2010- 2011. At the time that the second tranche of orders were placed last year, they were believed to be the most expensive VLCC newbuildings to date at some $151 mill apiece. The earlier six were thought to be contracted at $128 mill each. Vela’s VLCC Polaris Star seen at Europoort. Tanker Shipping Review March 2008 page 10
NITC (6.2 mill dwt, plus 4.62 mill dwt newbuildings) TOP 30 TANKER COMPANIES NITC is how National 12 Iranian Tanker Company now styles itself following privatisation in 2000. It is a wellrun and respected tanker company that owns one of the world's youngest and most modern fleets. The company is mainly engaged in cross trading and also charters in vessels for National Iranian Oil Co's (NIOC) exports. The company currently owns 16 VLCCs, five Suexmaxes, five Aframaxes, three IMO III chemical/products carriers, plus one LPG carrier. NITC also has a huge firm order book in South Korean yards and many ongoing projects in local Iranian shipyards, but which have yet to see the light of day. In was widely reported a couple of years ago that NITC was looking to order an additional 35 vessels, split between 20 chemical tankers and 10 LNGCs. The LNGCs will be needed to export gas from the giant South Pars gasfield project, funding sources for which are still under examination. There is another project ongoing for six 63,000 dwt Caspian Sea tankers to be built at Sadra and Neka in Iran and Kransoye Barrikady in Astrakhan, Russia. As for the firm orders, these consist of six 317,130 dwt VLCCs booked at Hyundai HI and Hyundai Samho, three of the same size at Daewoo and another three at Samsung. Four 163,870 dwt Suezmaxes are also building at Hyundai Samho. Meanwhile, Hyundai Mipo is constructing four 36,200 dwt chemical tankers. Locally, NITC is involved in another two chemical carriers at ISOICO, Bandar Abbas, which also has a VLCC on its books. Another yard called Iran Marine Industries has also been asked to build a VLCC, while two of the proposed six 63,000 dwt Caspian Sea tankers are to be built at Neka. Other tankers are being built for Iran Shipping lines and Irano-Hind, which could end up being operated by NITC as the operator is involved in joint ventures with Islamic Republic of Iran Shipping Lines (IRISL) and Iran Petrochemical Commercial, among others. PUT YOUR TRAINING ON COURSE WITH VIDEOTEL Meeting IMO requirements ISM and STCW compliance distance learning DVDs/VCDs/videos computer based training workbooks courses e-learning training services Videotel on Demand Videotel Marine International 84 Newman Street, London W1T 3EU, United Kingdom Tel: +44 (0)20 7299 1800 Fax: +44 (0)20 7299 1818 www.videotel.co.uk NITC’s 2007-built VLCC Hadi. Continuing to meet your training needs Tanker Shipping Review March 2008 page 11
Page 1 and 2: A TANKEROperator publication Tanker
Page 3 and 4: CONTENTS Tanker Shipping Review 200
Page 5: COMMENT Selected spot rate and TCE
Page 8 and 9: TOP 30 TANKER COMPANIES TANKEROpera
Page 10 and 11: TOP 30 TANKER COMPANIES MOL Tankshi
Page 14 and 15: TOP 30 TANKER COMPANIES Hyundai Mer
Page 16 and 17: TOP 30 TANKER COMPANIES BP Shipping
Page 18 and 19: TOP 30 TANKER COMPANIES Thenamaris
Page 20: PROFILE: STEALTH MARITIME Building
Page 23: INSURANCE Tanker owners/operators a
Page 26 and 27: SERVICES Famous Norwegian names dis
Page 28: Veson Nautical gives you a clear vi

Operator Tanker Shipping - Tanker Operator

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