CALPETRO TANKERS (BAHAMAS II) LIMITED

CALPETRO TANKERS (BAHAMAS II) LIMITED is a company that primarily operates in the maritime and shipping industry, with a particular focus on tanker operations. The name suggests that the company is based in the Bahamas, a jurisdiction known for its favorable tax and regulatory environment for shipping companies.

Here are some key aspects typically associated with such companies:

Business Activities

  • Tanker Operations: The company may operate a fleet of tankers that transport crude oil, refined petroleum products, or other liquid bulk cargoes across the world.
  • Chartering Services: They might charter their vessels to other companies, contracting for fixed periods or specific voyages.
  • Marine Logistics: This may include the transportation of cargo to specific locations, often in partnership with major oil and gas companies.

Regulatory Environment

  • Registration and Regulation: The Bahamas is a popular jurisdiction for ship registrations due to its lenient tax policies, robust legal framework, and high standards for safety and environmental regulations.
  • Compliance: Adherence to international maritime laws, including those set forth by the International Maritime Organization (IMO), is mandatory for operations, ensuring that safety and environmental standards are maintained.

Corporate Structure

  • Subsidiaries and Holdings: Firms like CALPETRO TANKERS (BAHAMAS II) LIMITED may be part of larger corporate families, possibly with parent companies or other subsidiaries spread across various jurisdictions.
  • Management: The company is likely managed by seasoned professionals in maritime operations, finance, and logistics.

Financial Operations

  • Financing: Like many shipping companies, they may rely on a mix of debt and equity to finance their fleet, including funding from banks, private equity, or public markets.
  • Revenue Streams: Revenue primarily comes from the chartering of their vessels and transportation contracts, often indexed to the global oil market.

Strategic Importance

  • Global Trade: Companies like CALPETRO TANKERS play a crucial role in global trade, facilitating the movement of energy resources essential for economies worldwide.
  • Market Dynamics: The company's operations may be influenced by fluctuating oil prices, geopolitical events, and macroeconomic conditions affecting global trade and energy consumption.

Given these elements, CALPETRO TANKERS (BAHAMAS II) LIMITED would be considered a key player in the maritime logistics chain, particularly within the energy sector. For accurate and up-to-date information, additional details would typically be obtained from maritime industry databases, financial reports, or specific regulatory filings.

Nassau The Bahamas

George St.
Nassau New Providence
The Bahamas

Ships

ALTAIR VOYAGER

Oil Carrier | Flag: Commonwealth of the Bahamas | Port: NASSAU

Maritime News

Italian Navy Orders Five Minehunter Vessels for $2.82 Billion

Italian Navy Orders Five Minehunter Vessels for $2.82 Billion

9 hours ago
Defense group Leonardo and Immsi's naval unit Intermarine have signed a contract worth up to 2.6 billion euros ($2.82 billion) to supply Italy's navy with five coastal minehunter ships, the companies said on Friday.The contract, which also includes logistics support, is worth 1.6 billion euros for the vessels and 1 billion euros in various other options.Immsi's share price jumped more than 16% and Leonardo was up 2.3% after the deal was announced.Intermarine will produce the 63 meter vessels in its shipyards in Sarzana and will have a 73% share of the contract, with the remaining 27% for Leonardo, the statement said.
Oil Spill Threatens Philippines Capital After Tanker Capsizes

Oil Spill Threatens Philippines Capital After Tanker Capsizes

yesterday
A marine tanker carrying industrial fuel sank in rough seas off the Philippines on Thursday, causing the death of a crew member and an oil spill that could spread to waters off the capital Manila, officials said.Sixteen of the 17 crew members of MT Terra Nova have been rescued, Transportation Secretary Jaime Bautista said, after the ship capsized off the coastal town of Limay in Bataan province.The coastguard said they found the body of a previously missing crew member in the sea off Limay town in Bataan province, less than three hours' drive from the capital Manila, on Thursday afternoon."There is already oil spill.
CMA CGM Sees Shipping Demand Holding Up After Restocking Wave

CMA CGM Sees Shipping Demand Holding Up After Restocking Wave

yesterday
Shipping giant CMA CGM said on Thursday that brisk international trade and Red Sea disruption supported its main maritime division in the second quarter and should limit any market slowdown later this year as new ship capacity arrives.The world's third-largest container shipping line reported a 6.8% year-on-year increase in volumes in the second quarter. Volumes also rose more than 6% from the first three months of the year when the group started seeing an upturn in demand.Restocking by U.S. firms continued in the April-June quarter, partly due to concerns that geopolitical tension with China may disrupt trade, as well as the risk of strike action by U.S.
Iran Releases Oil Carried by Tanker St Nikolas

Iran Releases Oil Carried by Tanker St Nikolas

yesterday
Iran has released the oil cargo of a Greek-owned, Marshall-Islands-flagged tanker it seized in the Gulf of Oman earlier this year, a shipping source told Reuters on Thursday.The vessel, M/T St. Nikolas, is still being held by Iran, the source added. It was laden with 1 million barrels of Iraqi crude oil destined for Turkey when it was seized."The cargo was released earlier this week after negotiations," the source said.Turkish refiner Tupras said in a statement that the St. Nikolas had been holding around 1 million barrels of crude oil that it had purchased from the Iraqi state oil company SOMO.
Tanker Capsizes Off Philippines

Tanker Capsizes Off Philippines

2 days ago
A marine tanker carrying industrial fuel sank in rough seas off the Philippines on Thursday, causing a large oil spill as coast guard rescuers search for a missing crew member, officials said.Sixteen of the 17 crew members of MT Terra Nova have been rescued, Transportation Secretary Jaime Bautista said, after the ship capsized off the coastal town of Limay in Bataan province. A search is underway for the missing sailor."There is already oil spill. Right now, we cannot dispatch our resources because of strong winds and high waves," Transportation Secretary Jaime Bautista told a situation briefing.The ship was carrying 1,494 metric tonnes of industrial fuel, Bautista said.