Operator Tanker Shipping - Tanker Operator

TOP 30 TANKER COMPANIES
Hyundai Merchant Marine (HMM)
(5.62 mill dwt, plus 530,000 dwt newbuildings)
The South Korean
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conglomerate operates a
mixed fleet of tankers, as well
as having significant LNGC
interests.
Including long term
chartered vessels, HMM
operates 15 VLCCs, three
Suezmaxes, five Aframaxes, six
MR types and six chemical
tankers of various sizes.
As for newbuildings,
including chartered tonnage, the
company has three Suezmaxes,
three MRs and another three
smaller chemical tankers under
construction.
Since the Hebei Spirit
incident, HMM will have to
phase out its single hull vessels
rather sooner than expected, or
hand them back to their
respective owners in the case of
the chartered vessels.
BW Shipping Managers
(5.17 mill dwt, plus 1.10 mill dwt newbuildings)
BW was formed
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following Hong Kongbased
World-Wide Shipping's
acquisition of Norway's largest
shipping company - Bergesen -
in 2003.
The group's tanker assets are
managed by Singapore-based
BW Shipping, while Oslo-listed
BW Gas and BW Offshore
manage the gas transportation
and offshore oil and gas
production businesses
respectively.
BW Bulk is engaged in the
shipments of coal and iron ore
and these vessels are managed
but not owned by companies in
the BW Group.
BW Shipping has 15 VLCCs
plus another two on order. The
company also has six modern
Panamax product carriers, plus
another six on order.
An original Bergesen ULCC,
the 1983-built BW Nisa, is
currently working as a storage
unit prior to possible conversion
to an FPSO.
BW Shipping’s newly delivered BW Edelweiss.
Dynacom Tankers Management
(4.85 mill dwt, plus 3.09 mill dwt newbuildings)
Athens-based
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Dynacom Tankers
Management has nine VLCCs on
its books, several of which will
be phased out sooner rather than
later, to be replaced by at least
five newbuilding VLCCs.
One, the 1988-built 276,000
dwt Europe, was sold to FPSO
operator Prosafe last year and is
currently in Singapore
undergoing conversion to a
FDPSO. The FPSO will be fitted
with a drilling unit, hence the
designation 'D'.
In addition, there are seven
Suezmaxes in service, plus
another five under construction,
some of which are ice class.
Six Aframaxes and eight
Panamaxes also make up the
fleet with another 12 Panamaxes
under construction. Some of the
Panamaxes are also ice class.
Tanker Shipping Review March 2008 page 12