Ridgebury tankers vlcc

Ridgebury tankers vlcc. Currently sailing under the flag of Belize. . , one of the best Shipping Centers businesses at 33 Riverside Ave, Greens Farms, CT 06880 United States. Photo: Jan Verhoog/Marine Traffic Even oldies are goldies in fired-up secondhand VLCC market "Ridgebury Artois" departing Europoort, Rotterdam, September 25th, 2018. Super Tankers - VLCC's | home. Photo: Chris Preovolos US shipowner Ridgebury Tankers has continued pruning its fleet with the sale of a fourteen-year-old suezmax. Operations, Marine & Vetting Manager, Dubai HSQE Officer/Manager, Dubai Post Voyage Support Specialist - London / Hong Kong Shipping Operator, Dubai Chartering Manager - Vancouver They represent the same Chinese interests who also agreed to buy a VLCC pair from Ridgebury Tankers earlier this month – the 306,400-dwt Ridgebury Progress (built 2000) and the 300,000-dwt Bob Burke’s Ridgebury Tankers is lining up the purchase of four suezmax tankers hot on the heels of a successful VLCC asset play, market sources say. NEW : July 2nd, 2024 : American Spirit ( Last photo ) Ridgebury Artois ( Fourth photo ) December, 2020 : Sadly no update ! November, 2020 : Sadly no update ! October 24th, 2020 : Experience: Lockwood Maritime, LLC · Location: Old Greenwich · 500+ connections on LinkedIn. Buying cheap (below the median value) and selling high is the basic rule and in this respect Ridgebury Tankers may have completed the VLCC S&P deal of the year, having sold three VLCCs to an unnamed Singapore buyer. 4 October 2022 Ridgebury Tankers sells VLCC as price spike extends. Over the weekend broker sources tell Splash that the Asian mammoth has added two teenage giants from Ridgebury Tankers, namely the 2006-built Nautilus and the 2007-built Navarin The list of failed or misreported deals extends to suezmaxes, where some brokers reported that Greece’s Capital Maritime had committed to two Ridgebury suezmaxes — the 164,600-dwt Ridgebury Riverstone Holdings, an energy- and power-focused private investment firm, has committed $200 million to Ridgebury Tankers, alongside a $5. FREMONT, CA: "Ridgebury is forward thinking in maximizing the value and environmental sustainability of its vessels, and FuelTrusts unique approach fits perfectly with their desire to uncover the real ROI from their investments. Market sources have confirmed to TradeWinds that the owner has Highly entrepreneurial private equity, operations and finance professional with a track · Experience: Ridgebury Tankers · Education: Amherst College · Location: Westport · 500+ connections Ridgebury Crude Tankers LLC is a shipping company. Over the weekend broker sources tell Splash that the Asian mammoth has added two teenage giants from Ridgebury Tankers, namely the 2006-built and the 2007-built . In addition to the Hunter vessels, the pool will consist of VLCCs owned Hartree Maritime Partners, International Seaways, Oak Ridgebury Tankers chief executive Bob Burke is confirming the Connecticut owner is back in the VLCC business. Riverstone-backed firm looks at four-year investment span to sidestep regulatory hurdles. In 2023, the VLCC market navigated many changes – from oil production cuts to sanctions being Other Greeks are believed to have spent $21. Vessel Name Euronav sells VLCC Flandre for USD45Mln for offshore project (Nov 24, 2017) EURONAV Medship Shipping listed as manager of former Ridgebury Tankers and Novellas Union ships, and linked to deal for Pantheon VLCC 8 November 2019 11:43 GMT Updated 11 March 2020 13:16 GMT By Harry US company Ridgebury Tankers is set to offload a trio of 18-year old VLCCs at a price confirming that secondhand values for crude tankers are going through the roof alongside charter rates. Twenty- and twenty VLCC Ship. This change in strategy is relatively recent and can be traced back to the purchase of the pair of Ridgebury Tankers in May 2020, although only a few 20-year-old VLCCs were Charles R Weber financial chief David Herman says Wafra Capital's sale of four VLCCs to Ridgebury Tankers felt more like a merger-and-acquisition transaction than a sale-and Malaysian outfit in agreement to purchase very large crude carriers Ridgebury Eagle and Apollonia amid strong demand. Ridgebury provides investors with transparent exposure to the cyclicality and opportunity of the global shipping sector. keyboard_arrow_left. Ridgebury Tankers, famous for its All four VLCCs were bought by Ridgebury from private equity firm Wafra Capital Partners last year, for a price of $120m combined, suggesting a profit of up to $6. Cyprus. 14, then took a Kolkata-based Sygnius was set up last year and is listed with just one other ship — the 164,600-dwt Ridgebury Alina (renamed Brenda Eagle, built 2001), which Ridgebury Tankers reportedly sold in Shipping tycoon to enter recently acquired VLCC with commercial tanker operator, Latest Tankers Bulkers Containers Gas Sustainability Digital Edition Events Sections Latest Headlines Ridgebury Tankers sold their three MR2 sister vessels VLCC Maran Andromeda 320. (Chart provided by Clarksons Platou Securities AS; data source: Clarkson Research Ltd, Clarksons Platou Securities AS) CEO of Ridgebury Tankers. AMAD. Beyond the demand to carry cargo, we expect that compliance will also emerge as a challenge and will require Ridgebury Tankers UK Zodiac Maritime. View Per Barre’s profile on LinkedIn, a professional community of 1 billion members. With the Baltic Exchange quoting VLCC rates a little over $5,500 per About Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright Data from VesselsValue shows that the price for modern VLCC tonnage has slipped to the lowest level since early 2014, when Euronav completed the $980m purchase of the Maersk Tankers VLCC fleet RidgeBury Tankers General Information Description. At the same time, Moundreas made bold moves to expand its The suezmax was bought for $19. Based in Connecticut, the new tanker company will focus on acquiring and operating vessels in the tanker sector. The index is down about 6% so far compared to Friday's close. Advertisement. ULCC-Tankers built 1975 till 1980. Connecticut-based Ridgebury Tankers is at it again, selling a 12-year-old suezmax for a 66% profit over the course of two years. We achieve this by developing a ship-specific investment plan for environmental management and carbon reduction, while our Performance Team applies proven The lead attacker was Ridgebury Tankers chief financial officer Hew Crooks, who ripped into Glassberg for leading warrant-based equity raises for small shipowners that had proved highly dilutive LA BALENA is a Crude oil tanker built in 2001 by NAGASU HITACHI SHIPBUILDING & ENGINEERING - SHIBUSHI, JAPAN. The ship was sold "as is" in Khor Fakkan, Oman, for $408 per ldt or $17. Ridgebury Tankers bought out the interests of A reported VLCC sale by Evangelos Marinakis shows tanker asset prices remain firm amid healthy earnings prospects, according to market participants. We achieve this by developing a ship-specific investment plan for environmental management and carbon reduction, while our Performance Team applies proven Auke Visser's Int. Latest large tanker in less than a month Maritime had committed to two Ridgebury suezmaxes — the Ridgebury provides investors with transparent exposure to the cyclicality and opportunity of the global shipping sector. The Dalian Shipbuilding-built vessels fetched $63. ( Photo Copyright Jan Verhoog ) Sales carousel keeps turning as Thanassis Martinos company offloads its oldest VLCC. Welcome to ADVANTAGE TANKERS, a distinguished player in the dynamic world of seaborne crude oil trade. Since its founding in 2013, Ridgebury has raised over US$625 million of equity capital in eight different investment vehicles, delivering positive returns to investors on each investment to date. It's gross In a conversation with Ridgebury Tankers CEO Robert Burke this afternoon, he confirmed that his company has agreed to acquire four MR tankers from Yasa Shipping. Signol’s technology was used to support Masters and Chief Engineers across four of Ridgebury’s ships, managed by German ship manager BSM, to shift their behaviour towards more fuel-efficient Fuel Trust's AI-enabled products precisely measure fuel use, carbon emissions, and cleantech investment returns. Discover the vessel's particulars, including capacity, machinery, photos and ownership. The vessel is en route to AL DUQM, sailing at a speed of 13. This week Ridgebury Tankers is reported selling the 19-year-old, Samsung-built 306,000 dwt for $25m to undisclosed buyers, The vessels are a VLCC, three suezmaxes, an aframax and two LR2s. The month before, Seven Islands snapped up the 159,200-dwt suezmax Bastia (built 2005) for $20. ( Photo Copyright Jan Verhoog ) For the trial, Signol and Ridgebury Tankers identified three operational processes where crew members had opportunities to save fuel, including using the main engine efficiently given the operating conditions, and using auxiliary engines efficiently given the About Ridgebury Tankers. Name. IDEMITSU TANKER CO. 04 Universal $37. The vessel ISHTAR (IMO 9180164, MMSI 371544000) is a Crude Oil Tanker built in 2000 (24 years old) and currently sailing under the flag of Panama. Message. Tanker experts from AXS write for Splash today on how the VLCC trades are changing. 15 by investor relations and advisory firm Capital Link. Read more NS United seeks sale of VLCC in latest deal to test tanker asset price progress. Ridgebury Tankers carried out a six-month trial in cooperation with behavior change startup Signol, achieving significant emissions reductions without requiring hardware retrofits on the vessels. 11 September 2019 7:49 GMT Updated 11 September 2019 8:10 GMT The 20-year-old Ridgebury Pride was sold this month for just under $25. 7 million commitment from Ridgebury management. Bob Burke’s Ridgebury Tankers is set to pocket a tidy profit from the sale of a VLCC bought only 18 months ago. Ridgebury Tankers has quietly entered the VLCC market after taking on the management of four vessels on behalf of hedge funds. According to assessments of VLCC spot rates issued by Clarksons Platou Securities, rates peaked on Oct. The Marshall Islands-incorporated company filed to go public for $250 million. The owner of the Ridgebury Tankers companies said EBITDA was $32. Zodiac has been building its VLCC fleet 11. Find reviews, ratings, directions, business hours, and book appointments online. View mutual connections with Bob Sign in Welcome back Ridgebury Tankers down to three vessels after turning $19m profit on suezmax Published 17 April 2023 15:57 GMT Tankers Values of 20-year-old MR tankers hit highest level since 2008 Published Ridgebury provides investors with transparent exposure to the cyclicality and opportunity of the global shipping sector. Formerly also known as PRISCO MIZAR. To meet the market’s requirement for VLCC tonnage, therefore, the role of pooling will also grow. We look forward to continuing CEO Ridgebury Tankers Ridgefield, Connecticut, United States. The trial involved the implementation of personalised digital behavioural change systems from Signol across four of Ridgebury Tankers LLC announce a $200 million commitment from Riverstone Holdings LLC, alongside a $5. Updated photos VLCC's A. Gulf countries like Singapore and Northeast Asia serve as pivotal points for both the selling and purchasing of VLCC tanker voyages. Looking specifically at the VLCC segment and the 6-8 monthly liftings from the Middle East to Europe that historically Ridgebury's fleet is expected to be part of a tanker pool, in which ship owners pool their vessels in order to achieve better market coverage and efficiency. A dispute arose out of three contracts for sale of second-hand oil tankers concluded on an amended 2012 Norwegian Saleform. Founded a year ago by tanker veteran Bob Burke in the US, backed by private equity firm Riverstone Holdings, the company has amassed 13 ships in its first 12 Idemitsu Group is a Japan originated energy company that enriches your life. RidgeBury Tankers General Information Description. US tanker group RT Holdings has pushed up profit in the third quarter as it continues to eye a fleet sale. 5m en bloc. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430 How VLCC dynamics are being influenced by geopolitical tensions and seasonality. 825 m: DWT (summer) 305,801 Mt Tankers International’s Head of Research and Insight, Mette Frederiksen, shares her thoughts on 2023 market trends based on the Pool’s proprietary fixture data, and how oil and freight dynamics reshaped the VLCC market over the last 12 months. Dollar value Strong VLCC tankers transport the goods within the Middle East and across the world. Table; View full table. 4 Ridgebury Tankers Wafra Capital Partners 33. ULCC-Tankers built 1990 till 1995. ULCC-Tankers built till 1970. Saturday, October 5, 2024 SUBSCRIBE We’re an Experienced Maritime Asset Investment Team with Long Track Record of Success One of the suezmaxes, the 158,600-dwt Suez Fuzeyya (built 2011), was almost immediately flipped to Ridgebury Tankers and renamed Ridgebury Elizabeth B. 50 m3. These vessels are among the biggest ships in the world, surpassed in the estimate as they were by Ultra While the crude tanker market looks set to face a slowdown in global oil demand growth, the outlook for growth in 2024 remains in line with what we have seen in previous years, and the outlook for the year keeps improving. SFL buys four suezmax tankers linked to long-term charters Burke pulled the plug on Ridgebury Tankers on 4 June after another volatile week on Wall Street saw both the broader market and shipping shares sell off. Ridgebury is headquartered in Connecticut in the United States. We achieve this by developing a ship-specific investment plan for environmental management and carbon reduction, while our Performance Team applies proven operational measures that RidgeBury Tankers General Information Description. Two giants added. Time Charter (VLCC) Time Charter (VLCC) TOWADA. “If there is a By early November, the values had risen to US$76. Built: Jul. 472 2005 Daewoo, Korea 01/2025 MAN-B&W $ 37m Singapore based BWTS fitted, Scrubber fitted, Ridgebury Crude Tankers LLC is a shipping company. VesselsValue values each vessel at $25m. The current position of SAFEEN ELIZABETH is at Persian Gulf reported 1 min ago by AIS. Plans & Prices RIDGEBURY ARTOIS . Market sources have confirmed to TradeWinds that the owner has Ridgebury Tankers completed the sale of the last of 28 tanker ship sales from their own fleet in the past year or so, plus VLCC 300,000 7125 97 5 60 SUEZMAX 160,000 585 69 5 35 AFRAMAX 115,000 75 64 50 33 LR1 70,000 58 48 38 -- Ridgebury Tankers is placing scrubbers on some of its larger ships in preparation for IMO 2020 legislation, its chief executive says. Get the details of the current Voyage of RIDGEBURY PIONEER including Position, Port Calls, Destination, ETA and Distance travelled - IMO 9180140, MMSI -9180140, Call sign T8A2889 Ridgebury Tankers sold their three MR2 sister vessels VLCC Maran Andromeda 320. 75 Ridgebury Tankers Undisclosed SS 7/23,scrf+bwts The third ship on DS Tankers' website, the 150,000-dwt Ridgebury Astari (built 2002), is owned by Connecticut's Ridgebury Tankers and is operated by Dr Peters as part of both companies German owner Reederei Nord has given notice that it will pull at least five of the seven aframaxes it operates in Heidmar’s Sigma Tankers pool early next year. close. The shipping market is a cyclical one, where freight rates can go from sky high in one A six-month trial involving Ridgebury Tankers and behaviour change start-up Signol has found that ships’ crews made fuel-saving decisions 21% more often. ( Photo Copyright Hannes van Rijn ) "Ridgebury Artois" departing Europoort, Rotterdam This copy is for your personal, non-commercial use. 2015 ridgebury crude tankers llc and subsidiaries (a limited liability company) consolidated balance sheet september 30, 2015 (unaudited) usd current assets cash 16,411,905 accounts receivable 3,661,157 prepaid expenses and working capital 8,140,212 inventory 874,339 total current assets 29,087,614 VLCC spot rate plunges to nine-month low Heidmar-operated Ridgebury Pioneer fixes for 14 points below last done rate; spot earnings fall 21% today. ULCC-Tankers built 1995 till 2000. 2004. Maran gets rid of VLCC. The pool operator filed for voluntary dismissal May ,13-17. Iran has previously been accused of concealing the destination of its oil by turning off AIS Broker reports are filled up with VLCC sales in the first days of the year as buyers continue to find even vintage VLCCs en vogue given the six-digit territory seen in the spot market over the past month. Print. Registered Owner . during lightering operation from VLCC "Artois" to M/T "Glenross". Recent geopolitical RIDGEBURY TANKERS USES FUELTRUST ‘DIGITAL CHEMIST Ridgebury provides performance and transparency for institutional investors, using unique strategies to manage the opportunities in a cyclical global shipping industry. Mit dem jüngsten Verkauf sind bei Koenig & Cie noch vier Schiffe gelistet, dazu zählen der Capesize Heidmar is the original 3rd party pool manager with almost 40 years of experience with a global presence; Full voyage and earnings transparency through Heidmar’s eFleetWatch digital platform; Competitive earnings with consistent monthly distributions, settlement of outstanding demurrage and miscellaneous claims distributed immediately with hire. Ridgebury is a premier maritime asset management firm focused on operational excellence and investment performance. Signol’s Tanker giants go their separate ways, with suezmax partners working a similar arrangement expected to follow suit. Its newbuilding will likely replace the 299,100-dwt Australis (built 2003), a Japanese tanker the Greek company bought from John Tufton Oceanic is the latest shipowner to consider the sale of a VLCC at a time when sale-and-purchase (S&P) activity in the sector is approaching a post-crash Latest Tankers A new behavior-focused sustainable shipping trial has shown that informed decisions can help ships’ crews make fuel-saving decisions 21% more often. Ridgebury has sold two 2000-built VLCCs – Ridgebury Progress and Ridgebury Purpose -for $24m each. Saturday, October 5, 2024. Ridgebury VL II. keyboard_arrow_right. Related Content. Since its founding in 2013, Ridgebury has raised over US Oil has been spotted in the water from a possible bunker leak following a collision between two tankers in the South China Sea , says Gard. 9m last year from Ridgebury Tankers of the US. The rise of crude tanker rates The rise and fall of VLCC rates was a key focus at the shipping finance forum held in New York City on Oct. Saturday, October 5, 2024 SUBSCRIBE "Ridgebury Purpose" at Europoort, Rotterdam, November 8th, 2018. The Company partners with pool operators and ship managers to employ its vessels. Photo: Ruud van der Schans/MarineTraffic Since we have only ever purchased second-hand vessels, the most important measure of our impact is whether the change of ownership to Ridgebury is a positive event for the environment. TradeWinds - Bob Burke’s Ridgebury Tankers is lining up The VLCC passed a special survey in 2020 and is due to be fitted with a ballast water treatment system next year, according to Clarksons Research. Connecticut-based Ridgebury Tankers is back in the VLCC business. The Who are still touring and singing the same songs in 2018, and their unchanging longevity sprung to mind when Hew Crooks, chief financial officer of Ridgebury Tankers, made a throwaway, but thoughtful comment, on the impact of design We’re an Experienced Maritime Asset Investment Team with Long Track Record of Success The 319,300-dwt TI Hellas (built 2005) will soon be under new management. 5m from the sale of the The Lykiardopulo family has joined Ridgebury Tankers in cashing in a veteran VLCC to FPSO specialist Yinson Holdings, market sources said. 304. Ridgebury Judith 150,393 2008. Dollar value The new set-up uses Nigerian company Aiteo’s 306,000-dwt storage VLCC Galilean 7 (built 2000), the former Ridgebury Pride, which is anchored near the Brass terminal, according to an information Ridgebury Tankers LLC announce a $200 million commitment from Riverstone Holdings LLC, alongside a $5. This week Ridgebury Tankers is reported selling the 19-year-old, Samsung-built 306,000 dwt for $25m to undisclosed buyers, The Ridgebury Eagle, owned by RidgeBury Tankers, and the Apollonia, owned by Neda Maritime Agency, were both built by South Korea’s Samsung Shipbuilding & Heavy Industries, though RidgeBury Bob Burke’s Ridgebury Tankers is lining up the purchase of four suezmax tankers hot on the heels of a successful VLCC asset play, market sources say. search. 5m from a joint venture comprising Tufton, Euronav and Ridgebury Tankers. 5m Looking beyond last year’s anomaly, current VLCC rates are less than a third of their 2015-19 average. Send Us a Message. including a VLCC and three suezmaxes. Multiple industry sources said the Connecticut-based outfit led by The legal battle over a disastrous VLCC journey is heating up, with pool operator Seawolf Tankers and charterer Laurel Shipping filing three lawsuits to recoup losses on the The Ridgebury team combines operational excellence with a clear-eyed focus on investment returns. Location was offshore Galveston , Gulf of Mexico. 13, 2006: Length overall: 333. 3m. 203. 11 at an average of $295,100 per day, fell slightly to $281,000 day on Oct. With the help of oil tankers like a very large crude carrier or an ultra-large crude carrier, the role and scope of oil tankers become far more feasible. ABOUT BAHRI chevron_right; BAHRI UNITS chevron_right; Logistic Services The exclusive provider of VLCC transportation for Saudi Aramco’s CIF sales. takes charge of overseas transportation division as an affiliate of Idemitsu Kosan Co. The vessel SAFEEN ELIZABETH (IMO 9524449, MMSI 538004316) is a Crude Oil Tanker built in 2011 (13 years old) and currently sailing under the flag of Marshall Islands. The Gold Standard is an international organization that sets standards for the quantification, verification, and issuance of carbon credits. 5M for a five-year-old VLCC and US$52M for the 10-year-old fixed age version. an MR / Aframax / Suezmax tanker as very few end Buyers in the Indian sub-continent are capable of opening such large U. 1m to 30 September, from Neuer Eigner ist demnach die von Bob Burke geführte Reederei Ridgebury Tanker. “I don’t think anyone on this [panel] has experienced an 8% decline in demand that seems The reborn shipyard made its debut in the VLCC arena in July 2023 when it was tasked by DSIC to build two scrubber-fitted crude tankers by Greek shipowner George Procopiou’s Dynacom Tankers There is a noteworthy dissimilarity in pricing a VLCC vs. On 14 March, Equinor announced that it will stop trading Russian oil in response to the war in Ukraine. ULCC Tanker Listings. Read 5 customer reviews of Ridgebury Tankers Ltd. 33 Riverside Avenue, 3rd Floor Westport, CT 06880 USA +1. Ridgebury has offices in the United States and Cyprus. 3 Thalia Street, 2nd Floor, Office 221 3011 Limassol, Cyprus. The ships were all built at Connecticut-based Ridgebury Tankers has brought a two-year process of tanker disposals to a close with the sale of its lone remaining vessel. This deal was Navig8's biggest addition since the capture of eight Ridgebury Tankers suezmaxes last year. (VLCC) fleet is known to have failed That knotty question was the subject of the keynote speech by Bob Burke, the driving force behind Ridgebury Tankers, at the HACC NACC conference, held this week in midtown New York. Chief executive Bob Burke confirmed on Monday that Ridgebury had bought out the interests of Brokers tell Splash that Bob Burke-led Ridgebury Tankers has reentered the VLCC segment, eager to cash in on the anticipated market upturn. 2K followers 500+ connections See your mutual connections. Trending Today. Ridgebury Tankers sold the 306,397-dwt The former Heidmar VLCC pool is chasing a Connecticut charterer for an eight-figure unpaid bill. Prior to joining Scorpio Tankers, he was with Ernst & Young in its audit along with the discovery of large oil reserves in the Middle East, the crude oil tanker ships grew considerably larger. Broker reports are filled up with VLCC sales in the first days of the year as buyers continue to find even vintage VLCCs en vogue given the six-digit territory seen in the spot market over the past month. 23 May 2019 The ships were a VLCC, three suezmaxes, an aframax and two LR2s. This week Ridgebury Tankers is reported selling the 19-year-old, Samsung-built 306,000 dwt for $25m to undisclosed buyers, Jun 3, 2020 - Bob Burke-led Ridgebury Tankers has exited the VLCC trades with multiple broking houses reporting the sale of the company’s last two vintage supertankers. The Norwegian protection and indemnity club confirmed King Crude Carriers SA -v- Ridgebury November LLC [2024] EWCA Civ 719: English contract law recognises doctrine of ‘deemed fulfilment’ of a condition precedent. (HK), and Ridgebury Tankers. Among recent sales, Maran Tankers is said to have sold the 310,100-dwt VLCC Maran Regulus (built 2000) — one of its oldest VLCCs — to undisclosed buyers for $21m For the trial, Signol and Ridgebury Tankers identified three operational processes where crew members had opportunities to save fuel, including using the main engine efficiently given the operating conditions, and using auxiliary engines efficiently given the Owners dive into Tankers International's new VLCC scrubber pool Hunter, Hartree and others commit vessels to pioneering venture. Formerly also known as TRIDENT AGILITY, TRIDENT AGILITY, RIDGEBURY ARTOIS, RIDGE A, ARTOIS, ARTOIS. The national shipping carrier of Saudi Arabia said the transaction, its second major VLCC fleet swoop in The 158,600-dwt Suez Fuzeyya (built 2011) emerged on 25 March in the fleet of Ridgebury Tankers under the new name Ridgebury Elizabeth B. Development is a major factor in today’s times. The ship was owned by private equity-backed Ridgebury Tankers until it was sold alongside the The vessel LA BALENA (IMO 9230969, MMSI 621819076) is a Crude Oil Tanker built in 2001 (23 years old) and currently sailing under the flag of Djibouti. View Michael Ridgebury Tankers boss Bob Burke says the company’s latest VLCC project allows investors to dodge the liquidity trap associated with many shipping investments while offering exposure to the The month before, Seven Islands snapped up the 159,200-dwt suezmax Bastia (built 2005) for $20. There is a noteworthy dissimilarity in pricing a VLCC vs. (VLCC) fleet is known to have failed Ridgebury Tankers completed the sale of the last of 28 tanker ship sales from their own fleet in the past year or so, plus VLCC 300,000 7125 97 5 60 SUEZMAX 160,000 585 69 5 35 AFRAMAX 115,000 75 64 50 33 LR1 70,000 58 48 38 -- Navarin VLCC 307,300 Dalian Shipbuilding 2007 30. The vessel OCEAN THUNDER (IMO 9416422, MMSI 352003620) is a Crude Oil Tanker built in 2009 (15 years old) and currently sailing under the flag of Panama. - ULSAN, SOUTH KOREA. Sources close to the private equity-backed owner said the Ridgebury Tankers sold three VLCCs: Ridgebury Artois (298,330 dwt, built 2001, Hitachi Zosen Ariake); Ridgebury Utah (299,498 dwt, built 2001, Daewoo); and Ridgebury Utik According to CRS, Ridgebury Tankers sold three VLCCs: Ridgebury Artois (298,330 dwt, built 2001, Hitachi Zosen Ariake); Ridgebury Utah (299,498 dwt, built 2001, Email. LNG tanks in view from the bridge of Maran Tankers Management’s 320,900-dwt VLCC newbuilding Maria A Angelicoussis (built 2023). ULCC-Tankers built 1980 till 1985. Seawolf Tankers has dropped its lawsuit against a Ridgebury Tankers-connected company in a dispute over an ill-fated VLCC voyage earlier this year. ULCC-Tankers built 1970 till 1975. The tankers are believed to have been acquired South Korea’s most active shipowner, Sinokor Merchant Marine, is making waves for the second time in the VLCC segment this year. As a prominent participant in this vital global industry, we recognize the paramount significance of safety & quality. ULCC-Tankers built 1985 till 1990. “All of these Highly entrepreneurial private equity, operations and finance professional with a track · Experience: Ridgebury Tankers · Education: Amherst College · Location: Westport · 500+ connections The pool’s fleet has doubled in size in three months with the addition of Gener8 vessels recently bought by TI pool member Euronav, more vessels from Ridgebury Tankers and other additions. Number of slop tanks and total cubic capacity (98%): "Ridgebury Utik" at Europoort, Rotterdam, April 12th, 2019. Avella has been with Scorpio Tankers since 2010 and previously served as the Chief Accounting Officer from 2021 through 2023 and Controller from 2014 through 2021. [ds_preview] Flotte von Ridgebury zählt mit der Übernahme der vier Tanker insgesamt 27 Schiffe, darunter sind 12 Suezmaxe, sechs VLCC und neun Produktentanker. 5m on the 159,200-dwt Bari (built 2005), a suezmax under the joint ownership of Euronav, Ridgebury Tankers and Tufton Oceanic. •As the largest 3rd party pool operator (Panamax through VLCC), Heidmar is one of the world’s best regarded players in this niche sector •Heidmar consistently outperforms the market by leveraging economies of scale and access to information, controlling costs, maximizing A first VLCC chartered to take a diesel cargo west from the Middle East in nearly a year highlights the trend, which is complicated by the minimal number of big crude tanker newbuilding deliveries Chandris currently owns just two VLCCs built in 2003 and 2011. VLCC ship is a subclass of oil tankers with a deadweight tonnage (DWT) that regularly ranges between 200,000 and 320,000 tons. Since we have only ever purchased second-hand vessels, the most important measure of our impact is whether the change of ownership to Ridgebury is a positive event for the environment. Our Offices. A broadened mandate and a diversified investor base for Connecticut-based Ridgebury Tankers is largely behind a spate of sales that now has seen the company offload 15 tankers so far in 2022. Currently sailing under the flag of Marshall Islands. VLCCs are up by 21% to $59m Source: Ridgebury Tankers The 2006-built suezmax tanker Ridgebury Mary Selena has been sold for $31m. We’re an Experienced Maritime Asset Investment Team with South Korea’s most active shipowner, Sinokor Merchant Marine, is making waves for the second time in the VLCC segment this year, reports Splash247. Aframax sales Burke spills the reasons why Ridgebury Tankers has sold more than half of its fleet Two more MRs now gone for substantial profit as Connecticut shipowner takes year’s tally to 15. Latest Tankers Bulkers Containers Gas Sustainability Digital Edition Events Sections Latest Headlines Bulkers Tankers Gas LNG LA BALENA is a Crude oil tanker built in 2001 by NAGASU HITACHI SHIPBUILDING & ENGINEERING - SHIBUSHI, JAPAN. Tankers Number of cargo tanks and total cubic capacity (98%): 333,214. Greek shipowner Evangelos Marinakis has sold a fleet of nine VLCCs to Bahri in a $1bn deal. Average asset values of 10-year-old aframax tankers have risen by 39% since January to $39m. Jan 9, 2020 - Broker reports are filled up with VLCC sales in the first days of the year as buyers continue to find even vintage VLCCs en vogue given the six-digit territory seen in the spot market over the past month. Ridgebury surprised the market with an eye-catching swoop for TI will establish the world’s first scrubber-fitted VLCC pool. In November last year the company announced it provided financing to enter 50%-50% joint ventures with Ridgebury Tankers and Tufton Oceanic, each of which acquired a 14-year old suezmax: the After the very strong performance in the VLCC - and Suezmax segments last week there was a bit of a correction this week and the Aframaxes have continued sideways. Manager . Bob Burke told a Nordea shipping and offshore conference in London today that addressing stack emissions was one of the last major environmental issues for the industry. Meanwhile, US-based Ridgebury Tankers has sold the 303,000-dwt tanker Ridgebury Pioneer (built 1999). Westport. Idemitsu Group is a Japan originated energy company that enriches your life. The Lykiardopulo family has joined Ridgebury Tankers in cashing in a veteran VLCC to FPSO specialist Yinson Holdings, market sources said. In 2019, the Global Trade Routes of Very Large Crude Carriers made around 2,964 international "Ridgebury Purpose" at Europoort, Rotterdam, November 8th, 2018. It's gross tonnage is 159456 tons. Euronav confirms selling 15-year old VLCC As rumours of VL deals going sour start circulating in the sale-and-purchase market, Euronav verifies it has offloaded the TI Hellas 8 May 2020 9:34 GMT Tankers and, more specifically oil tankers are built for a very important purpose. between 2019 and 2021. 000 m: Draft (summer) 20. A six-month sustainable shipping trial undertaken by Ridgebury Tankers with a focus on positively influencing crew behaviour has reported a 21% increase in ships’ crews making fuel-saving decisions using the existing systems on board the ship. Email. Among recent sales, Maran Tankers is said to have sold the 310,100-dwt VLCC Maran Regulus (built 2000) — one of its oldest VLCCs — to undisclosed buyers for $21m. Across a fleet of second-hand tankers, the company focuses on delivering positive change for the environment when purchasing a vessel Medship Shipping listed as manager of former Ridgebury Tankers and Novellas Union ships, and linked to deal for Pantheon VLCC 8 November 2019 11:43 GMT Updated 11 March 2020 13:16 GMT By Harry Cosco’s tanker arm begins trial operation of VLCC pool During the pilot stage, the Chinese tanker giant is operating more than 50 VLCCs via a newly established internal department . Hunter Tankers, a wholly owned subsidiary of Hunter Group, has selected Tankers International (TI) as commercial manager for its VLCC fleet. US States DHT Euronav. Submit Message. Ridgebury founder Bob Burke told TradeWinds on the Indeed, Russia-trading tankers are finding willing non-sanctioned trading buyers on the second-hand market. 13 June 2016 17:48 GMT Updated 13 June 2016 18: The current position of OCEAN THUNDER is at South East Asia reported 1 min ago by AIS. We purchased four 15 – 16-year-old VLCCs from two different publicly-traded sellers in a down market at a small premium to scrap values. 472 2005 Daewoo, Korea 01/2025 MAN-B&W $ 37m Singapore based BWTS fitted, Scrubber fitted, Bob Burke-led Ridgebury Tankers has exited the VLCC trades with multiple broking houses reporting the sale of the company’s last two vintage supertankers. Signol’s behaviour change techniques were delivered through multiple channels, Since we have only ever purchased second-hand vessels, the most important measure of our impact is whether the change of ownership to Ridgebury is a positive event for the environment. With moderate leverage and low breakeven economics, the investment survived Ridgebury is a premier maritime asset management firm focused on investment performance. LTD. The vessel is sailing at a speed of 0. Vessel RIDGEBURY PIONEER is a Crude Oil Tanker, Registered in Palau. Market sources said the Shin Kurushima-built vessels were sold for more than $12m Connecticut neighbor Ridgebury Tankers and UK-based Zodiac Maritime said latest to be pulling big ships out of George Economou-back pooling operation. The shipowner was reported to have bought Ridgebury Tankers’ 307,000-dwt Nautilus (built 2006) and Navarin (built 2007) for $63. Sep 13 2019. First Last. The vessel arrived at the port of Singapore, Singapore on Sep 24, 07:23 UTC. This week Ridgebury Tankers is reported selling the 19-year-old, Samsung-built 306,000 dwt for $25m to undisclosed buyers, Tankers International to create scrubber VLCC pool. This deal was Navig8's biggest addition since the capture of eight Ridgebury suezmaxes last year. The third ship on DS Tankers' website, the 150,000-dwt Ridgebury Astari (built 2002), is owned by Connecticut's Ridgebury Tankers and is operated by Dr Peters as part of both companies Navarin VLCC 307,300 Dalian Shipbuilding 2007 30. ,Ltd. Robert Burke founded Ridgebury following a lifetime of experience in all aspects of Ridgebury Tankers chief executive Robert Burke confirmed to TradeWinds that the 306,397-dwt Ridgebury Pride (built 2000) was sold this month for nearly $25. About Ridgebury Tankers Ridgebury is a premier maritime asset management firm focused on operational excellence and investment performance. Bob Burke-led Ridgebury Tankers has exited the VLCC trades with multiple broking houses reporting the sale of the company’s last two vintage supertankers. Year built: Type: Breadth (moulded): 2018 Ridgebury Tankers has been linked to another vessel sale in a deal that could see the US shipowner nearly double what it paid for a 15-year-old suezmax. 357-25-585506 . , LTD. Flag . Ridgebury Tankers, another serial tanker seller and asset Burke pulled the plug on Ridgebury Tankers on 4 June after another volatile week on Wall Street saw both the broader market and shipping shares sell off. Ridgebury Tankers LLC announce a $200 million commitment from Riverstone Holdings LLC, alongside a $5. 6130. 5m ULCC- & VLCC Tanker Listings. 0 32. As such, a full 18% of the world tanker capacity is likely to be over 19 years old in 2025. NEED TO KNOW: Ridgebury Tankers. The current position of ISHTAR is at Caribbean Sea reported 23 days ago by AIS. 2017 Dec . Year. TradeWinds - Bob Burke’s Ridgebury Tankers is lining up The VLCCs are the 298,300-dwt Ridge A (built 2001) and the 299,500-dwt Ridge U (built 20010), two vessels sold last month by Ridgebury Tankers to an unknown buyer in a $98m en bloc deal. TradeWinds reported on Friday Ridgebury was selling the For the trial, Signol and Ridgebury Tankers identified three operational processes where crew members had opportunities to save fuel, including using the main engine efficiently given the operating conditions, and using auxiliary engines efficiently given the demand for power on board. ULCC-Tankers built 2001 - 2005 (Updated) ULCC-Tankers A new behavior-focused sustainable shipping trial has shown that informed decisions can help ships’ crews make fuel-saving decisions 21% more often. We are 09-ene-2020 - Broker reports are filled up with VLCC sales in the first days of the year as buyers continue to find even vintage VLCCs en vogue given the six-digit territory seen in the spot market over the past month. Ridgebury ha vendido dos VLCC construidos en el año 2000, el Ridgebury Progress y el Ridgebury Purpose, por 24 millones de dólares cada uno. 0 knots and expected to arrive there on Sep 23, 12:00. Hunter Tankers, a subsidiary of Norwegian investment company Hunter Group, has selected Tankers International Ltd as commercial Friday, December 9, 2022 SUBSCRIBE In 1965, Roger Daltrey of The Who sang angrily about his generation and how he hoped he would die before he got old. Ridgebury Tankers, another serial tanker seller and asset Let’s dive into all the functions of VLCC’s and see how they make an impact in the transportation of crude oil. In order to facilitate the better development of human civilization, it is relevant that very Connecticut-based Ridgebury Tankers is at it again, selling a 12-year-old suezmax for a 66% profit over the course of two years. Mr. The Scrubber Pool will consist exclusively of modern scrubber-fitted tankers and will, combined with TI’s Ridgebury Tankers, dirigido por Bob Burke, ha salido de las operaciones de VLCC con múltiples casas de corretaje que informan de la venta de los dos últimos super tanqueros de la compañía. An Awfully Large Crude Carrier may be a sort of expansive tanker transport outlined particularly for transporting rough oil. 6 Ridgebury Tankers Wafra Capital Partners Nautilus VLCC 307,300 Dalian Shipbuilding 2006 30 Ridgebury Tankers chief executive Robert Burke said until flights return, tanker rates may not come back to full strength. Ridgebury fixes out VLCC on time charter Bob Burke-led owner understood to have secured coverage for one of its four VLs. S. Read more The VLCCs follow the acquisition of another large tanker by Yinson from John Fredriksen’s Ship Finance International in late 2018. CEO of privately held Ridgebury Tankers, told attendees how a confluence of recent events pushed rates to exorbitant levels. 10. The largest, most common tanker today is a Very Large Crude Carrier (VLCC), typically measuring around 300,000 dwt1. Those following the VLCC sector said they are The vessel is the former Ridgebury Purpose, sold last year by Ridgebury Tankers to Chinese interests. ( Photo Copyright Ria Maat ) "Ridgebury Utik" at Europoort, Rotterdam, April 11th, 2019. Articles. As part of Ridgebury’s commitment to on-going improvement, we are working with two preeminent organizations to help us take advantage of the carbon credit program. Since its founding in 2013, Ridgebury has raised over $625 million of equity capital in eight different investment vehicles, delivering positive Ridgebury Tankers has completed the long-anticipated sale of its two remaining VLCCs as asset prices in this segment remain elevated. Brokers in the US, Hong Kong and Greece all Ridgebury Tankers boss Bob Burke says the company’s latest VLCC project allows investors to dodge the liquidity trap associated with many shipping investments while offering exposure to the Grey: VLCC fundamentals and the wider tanker markets look bullish as we start 2024, and demand is set to increase with continued growing tonne miles. Signol’s Seeking Corporate/Financial Controller or Director of Accounting position in small to · Experience: Ridgebury Tankers LLC · Location: Monroe · 452 connections on LinkedIn. Auke Visser's International Super Tankers. 9 knots. 825 m: DWT (summer) 305,801 Mt Last August, the owner offloaded the 53,700-dwt Dee4 Acacia and Dee4 Birch (both built 2006) to Ridgebury Tankers. Provider of shipping services intended for the transportation of crude and refined petroleum products. It bought the 159,200-dwt suezmax Bastia (built 2005) last month for $20. He also served as the Chief Financial Officer of Hermitage Offshore Services Ltd. Kuala Lumpur-listed Yinson is understood to be paying $60m for the two tankers as it looks to But VLCC market sources said under these latest deals Equinor is redelivering the vessel early. 6 Ridgebury Tankers Wafra Capital Partners Nautilus VLCC 307,300 Dalian Shipbuilding 2006 30 RIDGEBURY TANKERS - WESTPORT CT, United States (USA) Manager : PRISCO SINGAPORE - SINGAPORE: Description: RIDGEBURY CAPTAIN DROGIN is a Crude oil tanker built in 2007 by HYUNDAI HEAVY INDUSTRIES CO. It will use the capital to acquire clean product Ridgebury Crude Tankers LLC is a shipping company. The company offers transportation services through a fleet of tankers and vessels in collaboration with pool operators and ship managers, enabling services on both short and long ocean routes to clients. mksjhu schbqa nvl ubbkyeu hxzwk lpril phiomj gelh bhjke gufiou