• 2018 October 29 17:41

    NAT takers delivery of new Suezmax vessel from Samsung Shipbuilding

    The third 2018 suezmax newbuilding from Samsung Shipbuilding in South Korea was delivered on October 25, 2018. The first one was delivered to NAT July 10, 2018.  The second ship was delivered August 31, 2018, the tanker fleet operator said in a press release.

    This third vessel has the name of Nordic Tellus, which means the planet Earth in Latin. The sponsor of the vessel is Mrs. Hyun Hee Chung, the wife of Dr.Whan Chang, owner and Chairman of the the media group Maekyung, the largest publishing house in Korea.

    Over the years, NAT has received several newbuildings from Korea.  A suezmax is able to load one million barrels of crude oil.  At this time NAT has 25 suezmaxes.  

    The Nordic Tellus will be employed in worldwide trading.  This third newbuilding has also been financed via a company in the Aker Group (Ocean Yield) with close to 80% in debt of the delivered price of about $54 million.

    Including the three newbuildings of 2018, NAT has a sound suezmax age profile along with one of the best balance sheets in the tanker industry.

    There are improved conditions in the tanker sector.  Rates for the fourth quarter are three to four times as high as for the first 9 months of 2018. Rate indexes for suezmax tankers are now in excess of $20,000 per day on a TC basis, which is a good indication of the level of the market.

    NAT is well positioned for the upswing in the market that we now see.  




2021 May 13

17:02 Admiral Makarov University took part in ARCSAR workgroup
16:28 IAPH renews ties with WCO
16:05 VoltH2 and Virya Energy sign cooperation agreement for development of green hydrogen plant in North Sea Port
15:37 12th Arctic Council Ministerial meeting convenes in Reykjavík
15:13 Bunker Weekly Outlook, Week 19, 2021
15:04 Klaveness joins collaboration project to evaluate the potential role of carbon capture in meeting shipping’s near-zero emissions target
14:52 Wärtsilä Cargo Handling and Fuel Supply Systems again selected for Oriental Energy vessels
14:32 Capital Link Maritime Forum - Norway to take place on 26-27 May 2021 as digital event
13:48 Cargo traffic within Azov-Don Basin of Russia’s IWWs grew fell by 26% in 4M’21
12:46 Shell Marine expands shipcare network, offering customers greater convenience and smoother operations
12:29 Small anti-submarine ships of White Sea naval base commence training maneuvers at sea
12:00 Mitsubishi Shipbuilding holds christening and launch ceremony in Shimonoseki for large ferry built for Meimon Taiyo Ferry
11:50 Singapore and Rotterdam successfully complete trial with electronic bill of lading
11:37 Bunker sales at Vladivostok port in 4M’2021 fell by 26% YoY
11:09 Port of Long Beach container volumes up by 43.6% to 746,188 TEU in April 2020
10:42 TSUNEISHI SHIPBUILDING collects actual operation data by IoS-OP
10:33 RF Government approves new composition of its Marine Board
10:09 Bureau Veritas partners with North Sea Energy program
09:44 Damen launches RoPax 6716 for the Port Authority of Timor-Leste
09:41 Oil market sees downward price correction
09:24 Baltic Dry Index as of May 12
09:08 RINA certifies the improvement of the energy efficiency of Grimaldi ro-ro fleet
08:45 UN launches the Human Rights Due Diligence Tool for seafarers

2021 May 12

18:36 Rolls-Royce to supply mtu generator sets for U.S. Navy frigate program
18:06 COSCO SHIPPING Ports successfully launches green finance framework
17:54 Severnaya Zvezda shipped second batch of equipment for Taimyr coal cluster facilities
17:36 High demand sees Teesport Bulks Terminal sign third major deal in eight months
17:16 Port of Antwerp and the City of Antwerp kick off The Tall Ships Races 2022
16:53 Valenciaport exceeds one million export containers for the first time in a year
16:25 Port of Rotterdam, Vopak, NYK and TankMatch to launch the first barge-to-ship methanol bunkering operation in the world
16:21 Candela C-7 and Persico 69F race shows how future electric boats will look like – Candela
16:13 Finland influences shipping emissions trading
16:04 ClassNK entrusted by Anchor Ship Partners with the evaluation of CO2 emissions of ships for its impact investment fund
15:55 TORM purchases three 2015-built scrubber-fitted LR2 vessels
15:49 Finnish Government adopts resolution to reduce emissions from maritime and inland waterway transport
15:07 Tallink Grupp launches its 2021 summer cruise sales
14:44 Tallink Silja launches summer cruises to Österlen and Gotland
14:21 AS Tallink Grupp published its statistics for April 2021
14:00 Seanergy announces delivery of Capesize M/V Flagship vessel to enter financing and period charter agreement with Cargill
13:58 First cargo from Egypt to reach Lithuanian LNG terminal
13:35 Small vessel service segment successfully developed in the Port of Riga
13:12 ABS completes landmark decarbonization and digitalization JDP with HHI and HGS
12:31 HHLA posts results for Q1 2021
12:13 ABB software to enable energy savings and performance gains for Tallink’s new ferry MyStar
11:54 Wilhelmsen receives the Maritime Safety Award for Smart Ropes system
11:00 Rosmorport icebreakers escorted some 8,000 ships over ice navigation period
10:37 Ships of RF Navy’s Pacific Fleet arrived in Singapore
10:08 Large SPMT fleet aids construction of Gulf Coast plastics facility
09:59 RFC develops its presence in Chinese premium retail chains in cooperation with Ocean Gala
09:35 NRP completes sale-leaseback of two chemical carriers
09:26 Oil prices show no steady dynamics
09:11 Baltic Dry Index as of May 11
08:32 Solstad signs contract with Enauta for the AHTS Normand Turmalina

2021 May 11

18:07 Port of Melbourne welcomes proposed funding for intermodal terminal
17:58 Throughput of Taganrog port in 4M’2021 climbed by 4% Y-o-Y
17:42 Throughput of Azov port in 4M’2021 climbed by 5% YoY
17:24 ONE and StormGeo partner to enhance safety and fuel efficiency for 250-vessel fleet
17:06 Scorpio upgrades its entire fleet with Marlink's hybrid network solution
16:57 Russian Maritime Register of Shipping introduces CON-M notation
16:29 Norcod strengthens team with new CFO