Connecticut commercial manager becomes a beneficiary of tanker owner's Diamond S Shipping merger, adding instant scale to newest pool. Suezmax refers to a class of medium-sized oil tanker, larger than Aframax and smaller than VLCC. Chemikalien Seetransport G.m.b.H of Hamburg, Germany commits the M/T Chemtrans Saturn to Penfield (Panamax) pool. (Photo: Penfield Marine) Tanker operator Penfield Marine and Macquarie Group's Commodities and Global Markets division announced the execution of Penfield's first . Heidmar will now operate some 60 crude, product and chemical tankers ranging from 10,000 DWT to very large crude carriers (VLCC). Up to around 320,000 . In 2023, the market is growing at a steady rate and with the . Penfield's fleet grew to 75 vessels, up from 57 at the start of last year, with the growth coming primarily from shipowners already in its pools, which serve the panamax, aframax and suezmax sectors. Delivery is expected in June 2022. The crude oil seaborne transportation market is cyclical and highly volatile requiring flexible and proactive management of assets in terms of fleet . Penfield is taking the first newbuilding, the 158,600-dwt Yuan Nan Hai (built 2020), into the pool on time charter for its own account, chief executive Tim Brennan told TradeWinds. Besides content rich discussions, this hybrid conference at Per Maua in the heart of Rio de Janeiro provided a great opportunity.. Chartworld Shipping Corporation of Greece commits the M/T Aigeorgis to the Penfield Tankers (Aframax) pool. commercial tanker management transparency & trust Having worked with Tim Brennan and Eric Haughn for more than 25 years, I can vouch for their integrity, values, honesty and transparency. Penfield Tankers (Aframax) LLC. click here. Spetses Trading Ltd. becomes a shareholder in Penfield and Alexander Schwarzenberg joins the board. Our Reach In the cornerstone panamax pool, Penfield has not taken on a new pool member in the last two years, but did experience a net growth of two vessels since the partners last updated TradeWinds in April. Penfield moves offices to 200 Pequot Avenue in Southport, Connecticut. Pareto Securities of Oslo, Norway, has committed to joining the Penfield Tankers (Panamax) pool with the vessels M/T Cape Taura and M/T Cape Tempest. In 2020, the market is growing at a steady rate and with the . Penfield Marine and Macquarie announce the execution of Penfield's first carbon-neutral voyage. For more information and how to manage your privacy settings, please refer to our privacy and cookie policies. Taoyuan District is the seat of the municipal government and which, along with Zhongli District, forms a large metropolitan area. carrying the first American crude Trusted data for tankers. Penfield Marine launches Penfield Tankers (Suezmax) Pool with the delivery of M/T Seaways Hatteras and M/T Seaways Montauk from International Seaways. The other venture is Penfield Tankers, headed by former Heidmar CEO Tim Brennan. Contact tanker_suezmax_125_200_k_dwt Vessels managed by these Shipmanagers ACTIVE SHIPPING & MGMT PTE LTD ADNYANA PT AET SHIPMANAGEMENT (SINGAPORE) PTE LTD AKER FLOATING PRODUCTION AS AKRON TRADE & TRANSPORT-UAE ALASKA TANKER CO LLC ALISON MANAGEMENT CORP. ALMI TANKERS SA AL SAFEENA AL BAHRIA SHIPPING ALTERA INFRASTRUCTURE NORWAY Associated Maritime Company (Hong Kong) Limited (AMCL) becomes a member of Penfield Tankers (Aframax) with the delivery of the M/T New Advance. Connecticut-based Penfield Marine says it has become the first tanker pool to execute a carbon-neutral voyage. Emarat Maritime, a Dubai based company, joins Penfield Tankers (Aframax) pool with the M/T Dubai Angel. Concord launched Dakota last December with an initial fleet of seven vessels. Register for an account on Dynamar.com here, Listed (0 days), Flash (1 day), Two-day (2 days), Urgent (5 days), Routine (10 day), c/o Penfield Marine LLC, 200 Pequot AvenueCT 06890 - Southport, ConnecticutUnited States of America. oil shipment in more Senior Lawyer Defence / Charterers & Traders, Underwriter/Senior Underwriter, Charterers & Traders. Joe Toce, Managing Director of Anderson Tax LLC in New York, also joins the Board. Penfield Marine, headquartered in Connecticut, expands its global footprint by opening an office in Singapore. Hellespont enters Penfield Tankers (Panamax) pool with the M/T Hellespont Progress. You can read more about how we handle your information in our privacy policy. Tankers under 100,000 can be both crude tankers and product tankers; This is the maximum size of vessel that uses the Average Freight Rate Assessment method for calculating shipping rates; Suezmax tankers. Penfield Marine celebrated its 5th anniversary on July 5, 2017. The cooperation allows Fairfield-headquartered Penfield to instantly boost its suezmax pool to 15 vessels from four, giving it scale that approaches its more mature pools in panamax and aframax tonnage. Marcus Hand | Jun 13, 2022. 11/28/2022. From November 1st NHST Media Group is responsible for controlling your data on TradeWinds. Phoenix Shipping Group of Athens, Greece, adds to the Penfield Tankers (Aframax) pool with the M/T Phoenix Hope. "Redefinition" is a song by the Danish dance-pop duo Infernal. Penfield Tankers (Panamax) LLC was established to focus on panamax and long-range-one (LR1) tonnage. You can read more about how we handle your information in our privacy policy. Salamon (SAG) joins the panamax pool with the M/T Fedor. Connecticut-based commercial manager Penfield Marine has taken a big step in building its fledgling suezmax pool by taking in two newbuildings from Cosco Shipping Energy Transportation (CSET). Penfield makes history Per Heidenreich becomes a shareholder in Penfield and is appointed Chairman of the Board. Penfield Marine moves headquarters location to Southport, Connecticut. To read more about NHST Media Group, Herbjorn Hansson-led Nordic American Tankers (NAT) expects the situation to improve very quickly for its suezmax ships after securing two contracts at significantly higher . CONTI Holding GmbH & Co. KG from Hamburg, Germany, commits the M/T Sigma Triumph to the Penfield Aframax pool. United States of America. TradeWinds is part of NHST Global Publications AS and we are responsible for the data that you register with us, and the data we collect when you visit our websites. Very large crude carrier (VLCC) Their weight extends from 200,000 to 325,000 dead weight tons; used mainly in the Mediterranean Sea, the North Sea, and near West Africa, with an approximate capacity . Tanker Size. Penfield had first tipped plans to form a suezmax pool during an interview in September 2019, and launched the outfit in February after Seaways withdrew the pair from an alliance formed by Heidmar . Jerry Townsend joins the Board of Penfield. The CSET tankers will not only double the pool fleet to four, but add a second major partner following International Seaways founding commitments to the outfit last February. Penfield Marine swoops on 11 International Seaways suezmax tankers. You will be changed $10.00 when clicking continue below. What We Do; Team; Board; Impact; History; . In October 2019, Teekay Tankers entered into one-year time charter-out contracts for three Suezmax tankers at an average rate of approximately $37,500 per day, two of which commenced in mid-October 2019 and one in early-November 2019. Chemikalien Seetransport commits three vessels to Penfield Tankers (Panamax) LLC. From its offices in Connecticut, London, and Singapore, Penfield provides shipping services to a wide array of . Home; About. 165,000. Table 2 briefly describes the four factors. TradeWinds is part of NHST Media Group. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. Valles Steamship Company, Ltd., Hong Kong-headquartered shipowner, entered the M/T Seanostrum to the PenfieldTankers (Aframax) pool. CRUDE OIL TANKER - INDIA FLAG. The voyage was performed by the M/T Seaways Hatteras (built 2017), a . Penfield welcomes new pool member Wah Kwong of Hong Kong into the Penfield Tankers (Aframax) pool with the M/T Unity Venture. Dynamars database contains 25,000 business information reports on companies in the shipping, oil and shipping related sectors. *** Euronav takes from time to time participation in ships that are chartered in by Tankers International (the pool) of which consolidated position is presented here. Meanwhile, although crude tanker earnings eased last week, Suezmax rates from the Black Sea to the Mediterranean are still in excess of $150,000 a day. Copyrights 2022 Dynamar B.V. - Privacy Policy & Terms of Engagement - Cookie declaration. Find company research, competitor information, contact details & financial data for Penfield Tankers (suezmax) LLC of Southport, CT. Get the latest business insights from Dun & Bradstreet. VesselsValue reports Suezmax spot rates at just $3,591/day as of March 26th for the benchmark TD20 route . In aframaxes, Penfield has a net addition of one vessel over the same period, but has some new pool partners. We will get back to you with 1-2 business days. Penfield adds four Diamlemos ships to the Penfield Tankers (Panamax) pool. The pool has a strong foundation and a very modern fleet. As with the other two pools, were looking for slow, sustained growth, and we want to keep the fleet modern.. Find detailed information on Transportation and Warehousing companies in Southport, Connecticut, United States of America, including financial statements, sales and marketing contacts, top competitors, and firmographic insights. The Suezmax tanker shipping market features strong volatility. CSET is one of three owners who have joined as pool partners for the first time in recent months, but has long working relationships with Brennan and partner Eric Haughn from their days at the old Heidmar. Additions have come from the Greeces Phoenix Shipping Group, a longtime Penfield member, which entered the 105,600-dwt Phoenix Hope (built 2008) in October, and from new pool member Neverland Shipping of Italy with the 115,900-dwt Neverland Dream (built 2010) in September. According to VesselsValue, Ibaizabal Tankers currently has a fleet of eight suezmaxes, with. Dear Shareholders and Investors, Today we have entered into a sales agreement for a 2003-built suezmax tanker. Tanker owner Euronav has sold its two oldest suezmaxes for a $12.4m profit. The CSET tankers will not only double the pool fleet to four, but add a second major partner following International Seaways founding commitments to the outfit last February. Senior Lawyer Defence / Charterers & Traders, Underwriter/Senior Underwriter, Charterers & Traders. for sale Suezmax tanker. Published by Tradewinds in Tankers. 274.19. Original members included Atlas Maritime of Greece and Emarat Maritime of Dubai. Ionia Ship Management enters Penfield Tankers (Panamax) with the M/T Theo T. Stena AB enters the panamax pool with the M/T Stena Companion. Date published: September 2nd, 2022. This will be followed in January with CSETs official entry as a pool partner with commitment of the sister vessel Yuan Bei Hai (built 2021), Brennan said. Frontline's tie-up with commodities trader Trafigura has deepened beyond securing bunkers in the post-IMO 2020 environment with the announcement it has acquired 10 South Korean 2019-built, scrubber-equipped Suezmax tankers from companies associated with Trafigura.. We use your data to ensure you have a secure and enjoyable user experience when visiting our site. After more than doubling its panamax pool to 20 ships in 12 months, Penfield expands into the Aframax sector by taking three vessels on time-charter. Penfield, a leading commercial manager and pools operator, said it carried out the . 17.17. Nan Fung Shipping Limited of Hong Kong enters as a partner in Penfield Tankers (Aframax) pool with the delivery of the M/T China Dawn. Teekay Tankers Ltd. (Teekay Tankers or the Company) (NYSE:TNK) today announced that it has agreed to acquire a fleet of 12 modern Suezmax tankers currently owned by Principal Maritime Tankers ( Principal ), a portfolio company of funds managed by affiliates of Apollo Global Management, LLC, for an aggregate purchase price of $662 million. Are normally around 900 feet (275 meters) long; Have a capacity of between 120,000 to 200,000 DWT; Are only crude tankers from the Port of Corpus Christi, Read more about NHST Media Group here. Penfield Marine and Macquarie announce the execution of Penfields first carbon-neutral voyage. Nordic American Tankers Limited. ** Length in meters. International Seaways commits eleven Suezmax vessels to Penfield Tankers (Suezmax) Pool. Suezmax: 285 m: 45 m: 23 m: Between 125,000 and 180,000 dwt, originally the maximum capacity of the Suez Canal. Penfield Tankers (Suezmax) LLC. Under the new agreement, all 32 tankers managed by Capital will be joining pools operated by Heidmar. Navios Maritime Holdings joins Penfield Tankers (Panamax) with the M/T Aurora N. Penfield again makes history with the M/T Angelica Schulte carrying the first aframax-size cargo of American crude to leave the United States since the end of the 40-year ban on such shipments. c/o Penfield Marine LLC, 200 Pequot Avenue. Performance Shipping, Inc. of Athens, Greece commits the M/T P. Sophia (formerly Maran Sagitta), a 2009-built Aframax tanker of 105,071 dwt and the M/T P. Kikuma, a 2007-built Aframax tanker of 115,915 dwt to the Penfield Tankers (Aframax) pool. of Rome, Italy, enters Penfield Tankers (Aframax) pool with the M/T Neverland Dream. Penfield takes on its first ship, the M/T Stena Callas. wdt_ID Vessel Vessel Type Entity Status % Ownership Size Unit Year Built Shipyard Flag; 1: Aspen Spirit: Suezmax Tanker: TNK: Bareboat: 0: 157.813: DWT: 2009 . TradeWinds is part of NHST Media Group. Summation - credit judgement (an overall easy to read summary in one page). GRT 81148, NRT 46543 On 20 August 2011 the tanker Vladimir Tikhonov, owned by SCF Group (Sovcomflot), started her Arctic voyage from Murmansk along the seaways of the Northern Sea Route (NSR). International Seaways commits eleven Suezmax vessels to Penfield Tankers Pool. The Suezmax was built by Daewoo Heavy Industries in 2000 and is now located somewhere in Africa. 11/30/2022. Chemnav of Athens Greece, enters the Penfield Tankers (Aframax) pool with the M/T Delos Voyager. Read more about NHST Media Group here. AET attending Rio Oil & Gas conference 2022. Penfield welcomed another new pool partner when Indias Great Eastern entered the 105,500-dwt Jag Leela (built 2011) on Monday. Taoyuan (/ t a ju n /) is a special municipality of the Republic of China (Taiwan) located in northwestern Taiwan, neighboring New Taipei City to the north-east, Yilan County to the south-east, and Hsinchu County to the south-west. He had traded suezmaxes there for seven . Your report will download instantly. July 2021. Chemikalien Seetransport G.m.b.H; of Hamburg, Germany commits the M/T Chemtrans Naos, M/T Chemtrans Polaris, and M/T Chemtrans Tauras, to Penfield (Panamax) pool. IR SS/DD 30/03/2023 - 8/2021. To read more about NHST Media Group, 15 September 2021. They are used mostly for crude oil shipping but can also handle dirty products ( residual fuel oil ). DWT 147436 MTS ON 16.120M DRFT. As of December 31, 2006, our fleet size consisted of 24 vessels - 13 Suezmax Tankers and 11 Handymax Tankers, or 2.5 million dwt (including 18 vessels sold and leased back) as compared to 27 vessels, or 2.6 million dwt (including 5 vessels sold and leased back) as of December 31, 2005. Chartworld Shipping Corporation of Greece adds 2021 built M/T Aifanourios into the Penfield Tankers (Aframax) pool. chartering the M/T Theo T, Penfield Marine takes first ownership stake with panamax pair, Heidmar makes fresh start, in life after Economou. In November 2019, the Company made the determination to transition away from its previous formulaic dividend . Suezmax. NHST Media Group is the leading news provider in the shipping, seafood, and energy industries, with a number of English- and Norwegian-language news publications across a variety of sectors. Penfield Marine Partners Tim Brennan (left) and Eric Haughn have taken a big step in growing their suezmax pool in partnership with CSET. The Great Eastern Shipping Co. Ltd. of Mumbai, India has committed to joining the Penfield Tankers (Aframax) pool with the M/T Jag Leela. (Photo: Penfield Marine) Tanker operator Penfield Marine and Macquarie Group's Commodities and Global Markets division announced the execution of Penfield's first carbon-neutral voyage in a collaboration that will enable Penfield Marine to offer environmentally differentiated freight products to its customers. The Baltic Exchange provides a complete picture of the tanker market through its daily physical and forward assessments, weekly Sale & Purchase and vessel recycling data, and quarterly benchmark of operating costs. Penfield Marine welcomes the M/T Angelica Schulte, managed by Bernhard Schulte Shipmanagement, into Penfield Tankers (Aframax) pool. Concordia Maritime has entered into an agreement for the sale of the Suezmax tanker Stena Supreme (158,000 dwt, built in 2012). The Global Suezmax Oil Tanker Market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2028. TradeWinds is part of NHST Global Publications AS and we are responsible for the data that you register with us, and the data we collect when you visit our websites. VLCC: 330 m: 55 m: 28 m: Very Large Crude Carrier. We use cookies in a variety of ways to improve your experience, such as keeping NHST websites reliable and secure, personalising content and ads and to analyse how our sites are being used. The A Symphony, a Suezmax tanker, was last seen near the Qingdao port, live shipping data on Refinitiv Eikon showed. Constructed in 1874, it was one of the last offshore masonry lights. The International Seaways units already in the pool are the 158,000-dwt sisterships Seaways Hatteras and Seaways Montauk (both built 2017). For more information and how to manage your privacy settings, please refer to our privacy and cookie policies. The CSET tankers will not only double the pool fleet to four, but add a second major partner following International Seaways' founding commitments to . All 11 tankers came to International Seaways through its July merger with Diamond S Shipping, the Connecticut-based tanker owner founded by Craig Stevenson and formerly chaired by legendary investor Wilbur Ross. Unipec booked the Red Suezmax and a Penfield-operated Suezmax, both for Caribbean-Panama voyages from 18-19 December at . The Panamax/LR1 and Aframax/LR2 tanker pools operated by Penfield Marine. AET was at the recent Rio Oil & Gas (O&G), which brought together key industry leaders and decision makers in Latin America. Spot tanker rates in the second quarter of 2014 averaged significantly higher compared to the same period last year. Penfield welcomes new pool member Chartworld Shipping Corporation of Greece into the Penfield Tankers (Aframax) pool with the M/T Everglades. Hyundai. Bergshav Management AS of Grimstad, Norway, become a member of Penfield Tankers (Aframax) LLC with their M/T Berica. Founded in 2012 by Tim Brennan and Eric Haughn, Penfield Marine LLC ("Penfield") is a boutique commercial management company operating tankers around the world in Penfield's Panamax/LR1 pool, Aframax/LR2 pool, and Suezmax pool. Penfield had first tipped plans to form a suezmax pool during an interview in September 2019, and launched the outfit in February after Seaways withdrew the pair from an alliance formed by Heidmar and Greeces Signal Maritime. Best alternatives sites to Heidmar.com - Check our similar list based on world rank and monthly visits only on Xranks. The voyage was performed by the M/T Seaways Hatteras (built 2017), a vessel owned by International Seaways. Please feel free to contact us. Nordic American Tankers Ltd (NYSE: NAT) - Report September 30, 2022 (Third quarter 2022) - Good times for our Suezmax tankers. Our management team consists of seasoned leaders, and our talent pool includes Traders, Captains, Accountants, logistics and risk management experts dedicated to ensuring that our cargo is provided first class safe transportation with our Customer's and stakeholders interests top of mind. The company has sold the 2004-built, 159,048 dwt Cap Pierre and 2003-built, 159,048 dwt Cap . We look forward to synergies with our existing panamax and aframax pools.. . Frontline is taking the initial 10 Suezmax tankers on time charter at US$23,000/day from what appears to be immediate effect until the closing date of the deal, which is expected between 15 November 2019 and 15 March 2020. The DPP-oriented pool started with eight ships from the initial pool partners: Evolution Maritime, Paradise Navigation, Expedo, and Penfield. Penfield welcomes Hellenic Tankers of Greece as a partner in our Penfield Tankers (Panamax) pool with the M/T LR1 Ambassador and MT LR1 Carrier. TradeWinds is part of NHST Media Group AS. Address. Fossil Fuels 'Suezmax' Oil Tankers Could Soon Be Plying the Poisoned Waters of Texas' Lavaca Bay Fishermen and environmentalists say a plan to export crude would require dredging mercury . Find company research, competitor information, contact details & financial data for Penfield Tankers (panamax) LLC of Southport, CT. Get the latest business insights from Dun & Bradstreet. The EU SRR remains a contentious topic, with significant loopholes rendering it somewhat redundant at present "Suezmax" is a naval architecture term for the largest ship measurements capable of transiting the Suez Canal in a laden condition, and is almost exclusively used in reference to tankers. It was released as the fourth and final single from their 2008 album Electric Cabaret-after undoubtedly being the Has been assessed by Dynamar. There are different tanker sizes used for the international transportation of oil, from a modest coastal tanker to a VLCC or ULCC Supertanker. click here. It has focused on panamax tonnage and currently has 29 tankers of that class within the pool. To purchase a report on Dynamar.com you need to login to your account. Penfield launches Penfield Tankers (Aframax) LLC, an aframax pool focusing on crude and DPP. Editor's note: US District Judge Mary Ann Vial Lemmon dismissed the litigation against the owners of Mariner Shipyard in April 2010. Penfield charters the newbuilding suezmax M/T Yuan Nan Hai from Cosco Shipping Energy Transportation (HaiNan) Co., Ltd (CSET) of Shanghai, China and enters the vessel into Penfield Suezmax pool. The limiting factors are beam , draft , height (because of the Suez Canal Bridge ), and length [1] (even though the canal has no locks ). Thursday, September 29, 2022. Were excited to be doing our first suezmax time charter and to double the size of the fleet. They are among the best in our industry. Fratelli dAmico of Rome, Italy, joins the Penfield Tankers (Suezmax)Pool with the M/T Mare Picenum. Clearly, the Suezmax tanker has neither the trading flexibility of an Aframax nor the economies of scale of the VLCC, and yet it is subject to compliance with OPA 90 for much of its trade.. The price is $21 . with a New Years Eve departure We use cookies in a variety of ways to improve your experience, such as keeping NHST websites reliable and secure, personalising content and ads and to analyse how our sites are being used. Haughn is an ex-Heidmar chartering manager, who also worked with trading giant Glencores ST Shipping. Aframax, Panamax . . Penfield welcomes new pool member Celsius Shipping of Denmark into the Penfield Tankers (Panamax) pool with the M/T GH Madison. Penfield Reef Lighthouse is located on the south side of the Black Rock Harbor entrance to the Long Island Sound, off the coast of Fairfield, Connecticut. Penfield Marine, headquartered in Connecticut, expands its global footprint by opening an office in London. Dynamars business information reports provide dependable and impartial counter party and trade risk analysis and include information and analysis covering : The due diligence report on Penfield Tankers (Suezmax) LLC in United States of America can be purchased below.Select the priority type and click ad to cart. Phoenix Shipping Group of Athens Greece, enters PenfieldTankers (Aframax) pool with the M/T Phoenix Alpha. CT 06890 - Southport, Connecticut. Hurricane Sandy destroys Penfields original office. The Global Suezmax Oil Tanker market is likely to growth at a substantial rate during the forecast period, between 2023 and 2027. Based on the above qualitative analysis, this paper attempts to explain the volatility mechanism of Suezmax tanker shipping market and quantitatively study the relationship between freight rates and fluctuation-contributing factors. Or just call us now. International Seaways chief executive Lois Zabrocky is seen at the 2019 TradeWinds . Cosco Shipping Energy Transportation (HaiNan) Co., Ltd (CSET) of Shanghai, China has joined the Penfield Suezmax pool with the newbuilding M/T Yuan Bei Hai. United States of America , US. than 40 years. * Summer DWT. Tanker shipping. Editor's note: US District Judge Mary Ann Vial Lemmon dismissed the litigation against the owners of Mariner Shipyard in April 2010. Suezmax (158,000 dwt) Aframax (115,000 dwt) MR Product Tanker (51,000 dwt) Recycling. Connecticut-based pools specialist Penfield Marine has scored a major coup for its newest vessel class with the addition of 11 suezmaxes from the fleet of New York neighbour International Seaways. Connecticut-based commercial manager Penfield Marine has taken a big step in building its fledgling suezmax pool by taking in two newbuildings from Cosco Shipping Energy Transportation (CSET). Suezmax rates improved by $4,000 per day or 33% year-over-year. It has a capacity of 159,057 DWT, or dead weight tons, and was launched in 2000. From close direct local owners on behalf of whom we have acted extensively on SnP/Demolition can now develop for sale their Suezmax tanker. The duo started with a panamax pool, moved on to aframaxes and is now scaling up its suezmax vehicle. 141-143 Vouliagmenis Avenue, Voula, Athens, 16673, Greece Ph: +302108907500 Fax: +302108907670 Email: info@minervamarine.com Increased dividends expected. Penfield Marine founders Tim Brennan (left) and Eric Haughn have boosted their suezmax pool to 15 units with the addition of 11 tankers from International Seaways. The company has placed the 2004-built Japanese (Universal) suezmax Monte Toledo into the pool. Belgian shipping company Euronav has sold the 2009-built Suezmax crude oil carrier Felicity to an unnamed global supplier and operator of offshore floating platforms. The best offer now available for the price and capacity is a 274-metre-long Suezmax crude oil tanker for $17 million, which is the greatest deal currently available. Handy-sized products carriers working clean . BLT 3/1998 AT SAMSUNG HEAVY INDUSTRI, KOREA, SOUTH. But there is a twist to CSETs entry. page-template-default,page,page-id-28428,page-child,parent-pageid-28438,page-history,ajax_fade,page_not_loaded,,vertical_menu_enabled, vertical_menu_transparency vertical_menu_transparency_on,wpb-js-composer js-comp-ver-6.4.2,vc_responsive. According to Affinity, "charterers, wary of that third decade Black Sea programme, have been inclined to reach forward ahead of time and seek commitment for this upcoming window. Nordic American owns a fleet of 20 Suezmax tankers. Penfield can now offer environmentally differentiated freight products to its customers. Impact; History; Fleet; Newsroom; Contact; Penfield Marine | Fleet. Company name. This month, Penfield is bringing onboard former Heidmar chartering executive Joe Garin, who had worked at the Norwalk-based company for more than 18 years. Neverland Shipping S.r.l. Connecticut commercial manager becomes a beneficiary of tanker owner's Diamond S Shipping merger, adding instant scale to newest pool. Grace Management S.A of Greece joins Penfield Tankers (Panamax) with the M/T Orfeas. The vessel was sold for approximately US$3 million. Penfield Marine | Penfield Marine steps up suezmax pool with Cosco newbuildings, post-template-default,single,single-post,postid-29879,single-format-standard,post-penfield-marine-steps-up-suezmax-pool-with-cosco-newbuildings,ajax_fade,page_not_loaded,,vertical_menu_enabled, vertical_menu_transparency vertical_menu_transparency_on,wpb-js-composer js-comp-ver-6.4.2,vc_responsive, Penfield Marine steps up suezmax pool with Cosco newbuildings, Penfield Marine swoops on 11 International Seaways suezmax tankers, Press Release: Penfield Marine and Macquarie Group execute carbon neutral voyage, Penfield Marine teams with Macquarie on first carbon-neutral voyage, Dalian Shipbuilding delivers third Yuan Suezmax tanker to COSCO. Suezmax rates in the dirty Americas tanker market increased on the back of persistent strong demand for the vessel class in Latin America throughout this week, which has tightened available tonnage supply in the region. Great Eastern is another owner many of us have known for a long time, Brennan said. Ownership structure, beneficial control, management and affiliations. NAT owns 22 Suezmax tankers and has cash breakeven cost of approximately $12,000 per day. Summary. Penfield Marine launched in the Southport section of Fairfield, Connecticut, in 2012 after Brennan had resigned as president of Heidmar. MarineLink July 9, 2021. Felicity has been delivered to its new owners and will be converted into a floating production storage and offloading (FPSO . The tanker called at Linggi International Transhipment Hub, near Malacca in . Penfield can now offer environmentally differentiated freight products to its customers. MT CRIMSON. NHST Media Group is the leading news provider in the shipping, seafood, and energy industries, with a number of English- and Norwegian-language news publications across a variety of sectors. Suezmax crude tankers are typically used on long-haul routes. Nordic American Tankers. The Connecticut-based manager is leveraging long-standing relationships to bring in first-time partners. Euronav is an integrated owner, operator and manager able to provide complete shipping services in addition to the carriage of crude oil on its fleet of modern large tankers. Has been assessed by Dynamar. A new joint venture with Evangelos Marinakis's Capital Ship Management sees the bounce back of the Heidmar brand. The names of the Suezmax tankers have not been released, but there are believed to be the 10 'Marlin' series built at . Suezmax tankers are in the range of 120-180 DWT. Connecticut-based commercial manager Penfield Marine has taken a big step in building its fledgling suezmax pool by taking in two newbuildings from Cosco Shipping Energy Transportation (CSET). From November 1st NHST Media Group is responsible for controlling your data on TradeWinds. Former Heidmar CEO Tim Brennan and Glencore executive Eric Haughn team up to launch Penfield Marine. Penfield also takes in two HHI-built, 158,000-dwt tankers, the Trinity and San Jacinto (both built 2016). This is the largest tanker passing the Suez Canal with the range of deadweight tons from 120,000 to 200,000 and 1,000,000 barrels of oil. The Suezmax class has found itself in a downward trajectory with little resistance offered. Penfields panamax pool currently has 33 vessels from 12 different partners, while the aframax pool has 21 units from 14 members. Panamax Aframax Suezmax Vessel Built DWT Draft Cubic LOA . This historic lighthouse was the inspiration for Penfield Marines name and logo. The Tripartite Forum of the shipping industry, which includes shipbuilders, has voiced concern that VLCCs may not be able to meet the requirements of EEDI Phase 3. Dynamar's database contains 25,000 business information reports on companies in the shipping, oil and shipping related sectors. Dynamar's business information reports provide dependable and impartial counter party and trade risk analysis and include information and analysis . The fleet of aframax and panamax ships operated by Penfield Marine. **** Ships in bold are managed in-house by Euronav Ship Management. Suezmax Front Samara HK 2019 157,000 mt HSHI Yes Suezmax Front Siena HK 2019 157,000 mt HSHI Yes Suezmax Front Singapore HK 2019 157,000 mt HSHI Yes Suezmax Front Seoul HK 2019 157,000 mt HHI Yes Suezmax Front Santiago HK 2019 157,000 mt HHI Yes Suezmax Front Savannah HK 2019 MarineLink July 9, 2021. In suezmaxes wed like to get a bit bigger, although we dont see it getting as big as the panamax or aframax pools, Brennan said. The voyage marks the first time in the history of the NSR that such a large Suezmax tanker (more than 160,000 dwt, enhanced ice class 1A (Arc 4)) is navigating along this route. Tanker rates have increased in recent months and are forecasted to stay higher for longer due to re-routed Russian oil flows. Penfield Marine invests in the M/T Chemtrans Cancale. TradeWinds is part of NHST Media Group AS. Between 2011-2013 NAT has racked up major losses due to low charter rates, but things are looking. Address: Robijnstraat 74, 1812 RB Alkmaar, The Netherlands. To Southport, Connecticut, in 2012 ) residual fuel oil ) x27 s... Class of medium-sized oil tanker market is likely to growth at a substantial rate during the forecast,! Both for Caribbean-Panama voyages from 18-19 December at rank and monthly visits only on.... Clicking continue below ) pool with the Board ; Impact ; History ; London... Heidmar CEO Tim Brennan and Glencore executive Eric haughn Team up to launch Penfield Marine,. By Penfield Marine member Wah Kwong of Hong Kong into the Penfield Tankers ( ). July 5, 2017 built 2011 ) on Monday Felicity to an global! 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In November 2019, the M/T Sigma Triumph to the same period last year in April 2010 the a,... 55 m: very large crude carriers ( VLCC ), joins the Board ) Suezmax Monte Toledo into pool. In recent months and are forecasted to stay higher for longer due to low charter,. Japanese ( Universal ) Suezmax Monte Toledo into the Penfield Tankers ( Aframax ) pool launches Penfield Tankers the. - Check our similar list based on world rank and monthly visits only Xranks... Into an agreement for a $ 12.4m profit to focus on panamax tonnage and currently has 33 from... The PenfieldTankers ( Aframax ) LLC with their M/T Berica operator of offshore floating platforms dwt MR! Caribbean-Panama voyages from 18-19 December at, also joins the Board to growth at a considerable rate during forecast! Of whom we have entered into a sales agreement for a 2003-built tanker... & # x27 ; s database contains 25,000 business information reports on companies in the shipping oil! 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Your information in our privacy and cookie policies has become the first American crude Trusted data for Tankers -... Newsroom ; Contact ; Penfield Marine celebrated its 5th anniversary on July 5,.! To double the size of the Heidmar brand Penfield ( panamax ) pool ; ;! Reports provide dependable and impartial counter party and trade risk analysis and include information and how manage! 'S Diamond s shipping merger, adding instant scale to newest pool Suezmax Monte Toledo into the has... In 2020, the market is likely to growth at a steady rate and with the the benchmark route. The Danish dance-pop duo Infernal about NHST Media Group, 15 September 2021 1-2 business days but things are.. Oil seaborne transportation market is likely to growth at a steady rate and with the M/T Seaways (. At a steady rate and with the M/T Delos Voyager Ship, the market is growing at a steady and! 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