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Posts Tagged ‘tanker’

PT Berlian Laju Tanker resells $64m worth of convertible bonds due 2010

December 5th, 2010 | No Comments

PT Berlian Laju Tanker Tbk says it has entered into agreements with several investors in relation to the sale of all of its holdings of Zero Coupon Guaranteed Convertible Bonds due 2012 issued by BLT Finance B.V., a wholly owned subsidiary of BLT.

The aggregate principal amount of bonds sold by BLT Finance is US$48.8 million ($63.6 million). In conjunction with the sale, BLT intends to amend certain of the terms of the bonds, including extending their maturity date from 2012 to 2015 and increasing the interest rate to 12% per annum.

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Berlian Laju Tanker +10%; still undervalued -CIMB

October 19th, 2010 | No Comments
Berlian Laju Tanker (B66.SG), +10% at $0.055, has been featuring highly in SGX top volume list for several sessions recently; second today to newly-listed GLP (MC0.SG). 

CIMB notes stock +71% over past one month, though still undervalued. Even after this morning’s 20% spike to $0.060, says Berlian trading at only 0.6X P/BV, discount to peer average of 0.8X P/BV. 

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DR Congo oil tanker blaze kills 200

July 3rd, 2010 | No Comments

At least 200 people are feared dead after an oil tanker exploded and set fire to parts of a village in the Democratic Republic of Congo. The truck, travelling from Tanzania, overturned in the village of Sange near the country’s eastern border.

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Singapore oil spill clean-up resumes; tanker unloads

May 26th, 2010 | No Comments
An oil tanker that spilled 2,500 metric tons of crude into the Singapore Strait yesterday is being unloaded as efforts to clean up a slick near the world’s busiest container port resumed.

AET Tanker Holdings Sdn., the owner of the MT Bunga Kelana 3 that collided with the bulk carrier MV Waily, is undertaking an “internal transfer” of Bintulu grade oil, the company said today in an e-mailed statement. The vessel, struck on its port side as it sailed east to west, will be moved after the underwater damage is assessed.

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Tanker collision spills 2,000 tons oil off Singapore: Update

May 25th, 2010 | No Comments
A tanker collided with a bulk carrier off Singapore’s southeastern coast, spilling 2,000 metric tons of crude oil near the world’s busiest container port.

The MT Bunga Kelana 3 tanker collided with the MV Waily at about 6:10 a.m. local time in the Singapore Strait, 13 kilometers (8 miles) southeast of Changi East, the Maritime and Port Authority of Singapore said in a statement. An estimated 140,000 vessels call at Singapore each year, it said on its website. The city-state is also the world’s largest bunkering, or marine fuel, port and Asia’s biggest oil-storage center.

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Berlian Laju Tanker scraps offer for Camillo Eitzen

March 19th, 2010 | No Comments

PT Berlian Laju Tanker, Indonesia’s biggest shipping company, withdrew an offer valued at about US$160 million ($223 million) to buy Camillo Eitzen & Co. after failing to agree on terms, says Bloomberg.

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Tanker to carry diesel from Singapore to US West Coast

March 4th, 2010 | No Comments

A tanker has been fixed to carry 30,000 tonnes of gas oil from Singapore to the US West Coast, scheduled for loading tomorrow, in what is seen as a possible arbitrage shipment to quake-hit Chile, traders and ship brokers said today.

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Pirates still hold Berlian ship off Somalia, Indonesia says

January 4th, 2010 | No Comments
Pirates are still in control of a chemical tanker chartered by Indonesia’s biggest shipping company, PT Berlian Laju Tanker, which they seized Jan. 1 in the Gulf of Aden, an Indonesian government spokesman said today.
 
“They’ve taken the boat to Somalia, where the situation is dysfunctional with tribal lords in power who may not have access to the specific pirates,” said Teuku Faizasyah, a spokesman at the Indonesian Foreign Ministry.

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Somali pirates seize Indonesian tanker

January 2nd, 2010 | No Comments

Somali pirates seized an Indonesian chemical tanker on Friday with 24 crew members in the Gulf of Aden, maritime watchdog bodies reported. The Singapore-flagged Pramoni was captured while en route to India — the third vessel since August to be taken in the region patrolled by foreign

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Somali pirates seize UK-flagged tanker

December 29th, 2009 | No Comments

A maritime watchdog says Somali pirates have hijacked a UK-flagged chemical tanker in the Gulf of Aden. Noel Choong of the International Maritime Bureau says the St James Park tanker sent a distress message late Monday, seeking help from pirate attacks. He says the distress call was

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PT Berlian Laju Tanker forms JV to tap offshore support vessel sector in Indonesia

December 9th, 2009 | No Comments

PT Berlian Laju Tanker Tbk (BLT), the third largest chemical tanker operator in the world, is moving into the Indonesian offshore support vessel market in a joint venture (JV) with Miclyn Express Offshore (MEO).

With a 50% stake in the proposed JV company named PT BLT Miclyn Offshore (PT BMO), BLT will make a foray into the Indonesian offshore support vessel market that has an estimated market size of US$200–250 million ($279–348 million) in revenues.

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70 killed in Nigeria oil tanker explosion

October 12th, 2009 | No Comments

Over 70 people were burnt alive when a fuel tanker exploded after a policeman reportedly fired a gunshot to disperse onlookers from an accident site in the south-eastern town of Onitsha in Nigeria.
The incident occurred when the tanker, while manoeuvring a potholed road, spilled oil and caught fire that engulfed up to five buses [...]

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Burnt human remains found in Taiwan oil tanker

August 22nd, 2009 | No Comments

Malaysian authorities on Saturday found bone fragments from two bodies on board a stricken Taiwanese oil tanker that was involved in a collision in the Malacca Strait earlier this week. The MT Formosa Product Brick tanker caught fire and was seriously damaged on Tuesday after a collision

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Malaysia says naphtha tanker fire under control

August 20th, 2009 | No Comments

Malaysian authorities have put out most of the fires on a tanker carrying 58,000 tonnes of naphtha after it was involved in a collision with a cargo vessel in the Strait of Malacca, a Malaysian official said on Thursday. A Malaysian Maritime Enforcement Agency (MMEA) official said there wereMalaysian authorities have put out most of the fires on a tanker carrying 58,000 tonnes of naphtha after it was involved in a collision with a cargo vessel in the Strait of Malacca, a Malaysian official said on Thursday. A Malaysian Maritime Enforcement Agency (MMEA) official said there were


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Sembcorp Marine unit wins $160m FPSO conversion contract from Modec

August 4th, 2009 | No Comments

Jurong Shipyard, a wholly-owned subsidiary of Sembcorp Marine, has secured an about $160 million contract to convert the Very Large Crude Carrier (VLCC) tanker to a Floating Production Storage and Offloading vessel to be renamed FPSO Kwame Nkrumah MV21 for Modec Offshore Production Systems (Singapore).

The conversion contract involves the conversion of the oil tanker to an FPSO that includes detailed engineering, installation and integration of 18 topside modules, installation of external turret and power generation, accommodation upgrading as well as extensive piping and electrical cabling works.

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South Russia bus crash leaves 20 dead

July 24th, 2009 | No Comments

At least 20 people have been killed in a crash between a bus and a petrol tanker in south Russia, officials say. The accident happened on a highway near Samarskoye, south of Rostov-on-Don.

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Gasoline Tanker Explodes On I-75 North Of Detroit (VIDEO)

July 16th, 2009 | No Comments

HAZEL PARK, Mich. — Flames shot hundreds of feet into the air after a gasoline tanker exploded Wednesday night underneath a highway overpass near Detroit, collapsing part of the overpass onto the interstate below. Spilled fuel burned on …

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