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PRODUCT TANKER JOINT VENTURE

Sailor Today

|

August 2022

Furetank and Algoma are entering into a joint venture agreement to construct four climate friendly dual-fuel product tankers to trade in Northern Europe.

PRODUCT TANKER JOINT VENTURE

Swedish Furetank AB and Canadian Algoma Central Corporation will own 50% each of the joint venture, which is to be named FureBear.

The joint venture, with Furetank as a leader in the Northern European intermediate ice-class product tanker segment, will advance Algoma's presence in international short sea shipping markets and strengthen the company's investment in long-term sustainable shipping solutions.

This investment will enable us to continue on our strategic path to diversify geographically and into niche short-sea markets. Short sea shipping is our core DNA here at Algoma and these specialized, environmentally conscious vessels will fit naturally into our expanding global fleet, said Gregg Ruhl, President and CEO of Algoma Central Corporation.

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EXPERTS DISCUSS CONTEMPORARY ISSUES OF SHIPPING, IWT & SEAFARERS

A thought-provoking conference on “Contemporary Issues of Shipping, Inland Water Transport (IWT) & Seafarers” was recently held at the India Habitat Centre, Lodhi Road, New Delhi. Organized by the Nautical Institute (North India Branch) in association with the National Inland Navigation Institute (NINI), the event brought together industry leaders, policymakers, and maritime professionals to deliberate on challenges and innovations shaping the sector.

time to read

1 mins

October 2025

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Navigating the Mind at Sea

The Three Bodies and the Ocean Within

time to read

2 mins

October 2025

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Need for Forward-Looking Strategies in Maritime Talent Attraction

A significant update in outlook is essential if the maritime sector is to tap into the new generation of young talent, a seminar organised by Indian Register of Shipping heard during London International Shipping Week (LISW25).

time to read

1 mins

October 2025

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Ties with Indian Shipyards

DMC Strengthens Ties with Indian Shipyards: Equipment for 14 Newbuilds

time to read

1 min

October 2025

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BETWEEN STEEL AND SEA

My Journey with Fugro Mapper

time to read

3 mins

October 2025

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OneOcean unveiled

OneOcean combines digital and training solutions to deliver real-time visibility, compliance support and greater efficiency for shipowners and operators

time to read

1 min

October 2025

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THE ART OF COMMUNICATION: BRIDGING SEA AND SHORE

\"TRUE COMMUNICATION IS BUILT NOT ONLY ON DATA BUT ON EMPATHY.\"

time to read

2 mins

October 2025

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COLREGs at Midnight

Near-miss tales that de-mystify Rules 5, 7, 8, and 15–19 (without the yawns)

time to read

7 mins

October 2025

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Re -Imagining Maritime Competence

This series of articles from Navguide Solutions, one every month, will focus on Rightship Inspection requirements, eventually going deeper into the subject and helping the industry phase into the RISQ regime.

time to read

5 mins

October 2025

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WHERE THE SEA MEETS LUXURY DELHI NCR MARINERS EXPERIENCE BRANDED LIVING

On a cool evening recently in Gurgaon, the seafaring fraternity of Delhi NCR anchored at the elegant Westin Residences, graciously hosted by Capt Rahul Srivastava & supported by Capt. Vikas Wasudev. The atmosphere was enchanting — live piano notes drifted like soft sea waves, and couples arrived to be greeted by the warmth and camaraderie that only seasoned seafarers share.

time to read

1 min

September 2025

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