Teekay Tankers Lands Five Aframaxes

first_imgzoom Teekay Tankers Ltd. has agreed to acquire four coated Aframax tankers and one uncoated Aframax tanker for an aggregate purchase price of approximately USD 230 million.The five vessels, which are expected to be delivered in the first quarter of 2015, were constructed in 2008, 2010 and 2011 at shipyards in Japan and China. Upon delivery, the vessels will trade in the Teekay-managed Taurus LR2 Pool and Aframax RSA.“Combined with our existing fleet and in-chartered portfolio, these new vessels will increase our fleet size to 43 vessels. In addition, the transaction provides optionality to trade the four coated Aframaxes in the crude or product tanker markets and, with an average age of only 3.8 years for the five vessels, enhances the age profile of our fleet,” said Kevin Mackay, Chief Executive Officer of Teekay Tankers.  “Spot tanker rates for crude and large product tankers for the fourth quarter of 2014 are averaging higher than the previous quarter.”Mackay identified increased seasonal oil demand, winter weather delays and lower global oil prices, which are encouraging stockpiling of crude oil and resulting in lower bunker fuel costs, as some of the key factors that are driving spot tanker rates higher.last_img read more

Lino Cervar to leave RK PPD Zagreb bench Life is full of

← Previous Story NBSC WORLD HANDBALL PLAYER 2018: French-Spanish and PSG Handball domination Next Story → Vuko Borozan is two months out Lino Cervar Lino Cervar will lead RK PPD Zagreb until end of the year, when he will be replaced by assistant Tonci Valcic. It is still unknown whether experienced coach will stay on the national team bench after World Championship 2019 in Germany and Denmark.We have two matches more in CL and few of them at SEHA League before World Championship 2019. I start thinking about January. I am proud on my team, we have same number of points like in season before, when Zagreb had brothers Valcic, Vori, Pavlovic, Miklavcic and some other players. But, life is full of up and down moments – said Cervar before EHF CL match against HBC Nantes.  read more