EASTERN OCEAN TANKERS

Reliable Shipping Solutions to the Energy Industry

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Corporate Overview


Eastern Ocean Tankers Limited  - Previously known as The Hong Kong and Eastern Shipping Company Limited (HESCO)

Eastern Ocean Tankers Limited  - began in 1946 as the Hong Kong and Eastern Shipping Company Limited (Hong Kong Company Number 0001826) or HESCO. The company was formed to act as the shipping and trading subsidiary of Messrs Scott & English Ltd, a Singapore based trading house established in 1940. Hong Kong and Eastern Shipping Company Limited initially used chartered in tonnage to ship cargoes of timber, coal and iron ore before progressing into the developing crude oil markets. In 1972 Scott and English Ltd sold 50%  of  Hong Kong and Eastern Shipping Company Limited formed a joint venture with Eastern Overseas Shipholdings Limited and the company was renamed Eastern Ocean Tankers Ltd.  The full historical background of the company is available elsewhere on this website.

Today the company, which is now known as Eastern Ocean Tankers Limited, has evolved to a company that exists to provide shipping and logistics services that allow energy companies and trading houses to ship their cargo as safely a possible within the parameters set out by the shipping industry.

Eastern Ocean Tankers Limited provides seaborne logistical support to the smaller oil and energy companies, independent traders and niche market suppliers of oil, gas, bitumen (asphalt), molasses, palm oil and petrochemical. Eastern Ocean Tankers often books in own cargoes and COAs (contracts of affreightment) on the company's own account.

Eastern Ocean Tankers is committed to providing reliable transport of liquid cargoes by sea. To go the extra mile in order to meet our clients requirements and to conduct its operations in a manner which protects human health, safety, environment and property.

Eastern Ocean Tankers Ltd recognise that seaborne trade supports a unique form of trade and communication between nations and assists the development of countries. Our mission is to provide reliable shipping services for our clients without compromising on safety. Our vision is to continue to evolve and remain profitable for the foreseeable future.

Corporate Overview

Shipping Services


Transport Services to the Energy Sector

Transporting crude, refined commodities and edible oils by sea.

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Commercial Management

Providing full commercial managment support to tanker owners.

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Investments in Shipping

Ensuring investors get the best returns on their shipping investments.

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Fuel Trading & Brokerage


Oil Trading

Eastern Ocean Tankers Ltd is closely aligned with a trading team the specialize in supplying petroleum products and derivatives to the Eastern & Asian markets.

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Bunker Fuel - Bunker Trading

Eastern Ocean Tankers Ltd aligned group company is an established petroleum trading and bunkering company in with satellite offices in the ports where we operates.

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Lube Oils & Greases

Eastern Ocean Tankers Ltd partnership with an established oil trader

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Other Products

Eastern Ocean Tankers Ltd have direct access to additional oil related products thanks to our close aligned relationship with a local physical trading team.

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Company Policies


Company Policies
ACCOUNTABILITY
We perform at all times in a manner that makes us accountable to both internal and external stakeholders. We take responsibility for our actions.

SAFETY  - SAFETY FIRST
At Eastern Ocean Tankers we strive to create a working environment where accidents are unlikely to occur, and the health and safety of employees, contractors and the public are not jeopardized.

ENVIRONMENT
­­We ensure that our operations are environmentally responsible. The Company implements programmes designed to promote environmental sustainability.

PARTNERSHIP
We are focused on creating and maintaining mutually beneficial relationships with our stakeholders. Through proactive collaborations with stakeholders in the spirit of true partnership, we deliver premium value.

TEAMWORK
We are committed to working effectively as a team in order to deliver results far beyond individual capabilities.

HSE
HSE Policy (Health Safety and Environment) It is the Company’s Policy and indeed duty to promote and to protect Health and Safety at Sea, Prevention of Human Injury or loss of life, welfare of employees and avoidance of any adverse impact on the environment (marine or otherwise), including property. This policy is communicated to all persons working for and on behalf and under the control of the organization with the intent that they are made aware of their individual health and safety obligations.

RISK MANAGEMENT
Eastern Ocean Tankers try's to work with managers that act responsibly in providing training and guidance to personnel ashore and at sea on the following sources of pollution where applicable to their operating circumstances. Marine pollution (Oil, Chemicals and liquified gases in bulk, Dangerous goods in bulk and packaged form, Garbage, Sewage, Ballast water, Anti-fouling paints) and Atmospheric pollution (Exhaust emissions, Cargo vapour emissions, Ozone depleting substances, Noise) Preventing loss of human life and personal injury. Continuously improving Safety Management skills of personnel ashore and aboard ships, including preparing for emergencies related both to Safety & Environmental Protection.

A GOOD WORKING ENVIRONMENT
Ensuring that seafarers’ work environment on board ships promotes occupational safety and health implementation Eastern Ocean Tankers consistently try to follow national and international rules and regulations governing the Marine Industry. Eastern Ocean Tankers takes into account applicable guidelines, standards, codes and publications which are issued by maritime organisations and are directed towards creating a safe and pollution free (zero spill) environment.

VETTING OF CHARTERED IN VESSELS
Eastern Ocean Tankers try's to ensure their vessels chartered in are managed by a company (or companies) that implements a Shipboard Occupational Health and Safety Program (SOHSP)and that continuously monitors all safety, pollution prevention and occupational health aspects of the managed fleet. Eastern Ocean Tankers frequently inspects the managed/chartered fleet and ensures managers and crew carries out necessary maintenance and repairs.

ASSESSMENT OF RISK
The company has carried out a generic Risk Assessment to its basic operations and practices and has established safeguards against identified risks and provides a framework for setting & reviewing environmental & other objectives and targets and should be made available to the public and company’s customers, vendors and suppliers.
The company makes every effort to ensure that is partners and service providers provide a safe and healthy workplace, consider working safely a condition of employment, provide necessary resources to implement the occupational health and safety program and protect the Health of seafarers and provides prompt access to Medical Care on board and ashore when needed.

CHARTERING POLICY
Eastern Ocean Tankers chartering department has a solid and varied background with a main task to enhance long customer relations and secure contract of affreightment and/or lock in period or spot tankers under charter contracts based on the terms set out in the standard tanker charter parties. The company's policy is to act ethically and be a trustful, responsive and proactive partner in any project.
Our aim is to match service, expertise, voyage planning and load/discharge operations with the ideal vessel to each operation through internal and external resources. We integrate key disciplines and contracts such as:

  • Frame agreements
  • Mobilization support and positioning of vessels
  • Pre and post charter surveys/vetting/cargo surveys/inspections
  • Project management support
  • Asset and trade (ship and cargo) finance
PANEL BROKERS / WORKING WITH APPROVED SHIPBROKERS
Eastern Ocean Tankers works with selected panel brokers. These are listed under the "contacts" page of this internet site. Eastern Ocean Tankers always try to act ethically however the company cannot be held responsible for the actions of other independant shipowners, charterers, brokers, service providers and ancillary companies within the industry. The company tries to lead by example but cannot enforce its polices upon others.

CONTINOUS IMPROVEMENT
Eastern Ocean Tankers continuously improves its management system by taking corrective & preventive action for identified problem areas. The company targets partnerships with shipowners that provide adequate resources to effectively implement this management system and that have developed and implement management systems which are Safety and Pollution Prevention oriented.

EASTERN OCEAN TANKERS LTD - COMPANY AIMS
The Company aims towards:
Providing Safe Practices in ship Operation and a safe and healthy working environment.
Preventing damage to the ship, her cargo and the environment.
Assessing all identified risks to its ships, personnel and the environment, establishing safeguards against all identified risks and operating the ships within ALARP (“as low as reasonably practicable”) levels of risk.



Tanker Fixtures - Transporting Fuel to the Energy Sector


Tanker Fixtures - Transporting Fuel to the Energy Sector

TANKER OPERATORS
Operations: From 1972 up to 2011 Eastern Ocean Tankers has been both a tanker owner and a tanker charterer (operator). During that period the company has also invested in general cargo vessels and containerhips. Please refer to the previous page of this website entitled "About EOT" for more details of these operations. Since 2011 Eastern Ocean Tankers has been predominantly an operator in the tanker (wet cargo), gas and chemical markets.

RECENT FIXTURES:

STARTING FROM 2011 TO DATE:

VESSELS FIXED/CHARTERED IN 2011:
CP.Dated 19.01.2011. Crude Tanker MT T. Quyeta 101,000dwt. 3+3 mos CHOPT.
Broker Scandeocean via EOSL as agents (commercial managers) for EOT.
CP.Dated 19.01.2011. Crude Tanker MT Pegsus 99,000dwt. 3+3 mos CHOPT.
Broker Scandeocean via EOSL as agents (commercial managers) for EOT.
CP.Dated 19.01.2011. Crude Tanker MT Atlantic Galaxy 115,583dwt.6+6 CHOPT.
Broker Scandeocean via EOSL as agents (commercial managers) for EOT.
CP.Dated 12.02.2011. Crude Tanker MT Caspian Galaxy 115,583dwt.6+6 CHOPT.
Broker Scandeocean via EOSL as agents (commercial managers) for EOT.
CP.Dated 20.02.2011. Crude Tanker MT Baltic Galaxy 115,583dwt.6+6 CHOPT.
Broker Scandeocean via EOSL as agents (commercial managers) for EOT.
CP.Dated 23.05.2011. Crude Tanker MT Varada Blessing 299,994dwt. 3 x consecutive voyages. WAF-India. Each voyage 2 mos. Total duration abt 6 months. Fixed by EOSL for EOT.
CP.Dated 29.07.2011. Crude Tanker MT Hunter 146,268dwt. 3 x consecutive voyages. WAF-India. Each voyage 2 mos. Total duration abt 6 months. Fixed by EOSL for EOT.
CP.Dated 15.09.2011. Chems Tanker MT Imbak 10,778dwt. 3+3 mos CHOPT. Broker Scandeocean via EOSL as agents (commercial managers) for EOT.
CP.Dated 02.11.2011. Chems Tanker MT Maria Erika 3,768dwt. 12 mos TC. Trading intra Philippines under Eastern Refining COA. Fixed by EOSL for EOT.
CP.Dated 05.11.2011. Crude Tanker MT Explorer 12708dwt. 1 voyage WAF of Bay of Bengal (after which vessel was scrapped). One crude cargo booked by STS Shipping and Trading West Africa.
CP.Dated 23.09.2011. Crude Tanker MT Pegsus 99,000dwt. 3 mos CHOPT. Broker Scandeocean via EOSL as agents (commercial managers) for EOT. This vessel was used for floating storage in the Bay of Bengal after which she was demolished.

VESSELS FIXED/CHARTERED IN 2012.
CP.Dated 09.01.2012. Gas Tanker MT Donau 32,339dwt. 1+1 mos TC. Trading LPG. Trading Med - Red Sea range. Fixed via Coral Energy Shipbrokers for EOT.
CP.Dated 06.02.2012. Bitumen Tanker MT Joni Breeze 5,742dwt. 12 most TC. Trading PG - India/PG-China with Bitumen (Asphalt) under Eastern Refining COA. Fixed by EOSL for EOT.
CP.Dated 09.02.2012. Bitumen Tanker MT Clayten 3,750dwt. 1 trip (single trip) - India - Bay of Bengal with Bitumen (Asphalt). Fixed by EOSL for EOT. CP.Dated 14.03.2012. Crude Tanker MT Varada Lalima 107,176dwt. 3 x consecutive voyages. WAF-India. Total duration abt 4 months. Fixed by EOSL for EOT.
CP.Dated 19.06.2012. Crude Tanker MT Amba Bhavanee 107,081dwt. 3 x consecutive voyages. WAF-India. Total duration abt 4 months. Fixed by EOSL for EOT. CP.Dated 29.06.2012. Crude Tanker MT Barawati 101,134dwt. 12+12 mos CHOPT. Broker Scandeocean via EOSL as agents (commercial managers) for EOT.
CP.Dated 30.11.2012. Crude Tanker MT Ambar 29,995dwt. 12 mos TC. Trading intra Bay of Bengal under Eastern Refining COA. Fixed by EOSL for EOT.
CP.Dated 04.12.2012. Gas Tanker MT Sirius Gas 2,999dwt. 1+1 mos TC.Trading LPG. Korea - China range. Fixed via Coral Energy Shipbrokers for EOT.
CP.Dated 09.12.2012. Gas Tanker MT Marygold 4,252dwt. 1+1 mos TC. Trading LPG. Korea -China range. Fixed via Coral Energy Shipbrokers for EOT.

VESSELS FIXED/CHARTERED IN 2013.
CP.Dated 05.01.2013. Chems Tanker MT Gulf Dove 6,955dwt. 12 mos TC. Trading PG - PG with products under Eastern Refining COA. Fixed by EOSL for EOT.
CP.Dated 07.01.2013. Chems Tanker MT Fateh 1,756dwt. 1 voyage (single trip) - PG - PG EOT own cargo (booked in via Scandocean) jointly  fixed by Alumni Shipping & Trading for EOT.
CP.Dated 21.01.2013. Crude Tanker MT Ngol Luena 44,041dwt. 12 most TC. Trading PG - PG with products under Eastern Refining COA. Fixed by EOSL for EOT.
CP.Dated 04.02.2013. Bitumen Tanker MT Joni Breeze 5,742dwt. CP Extended from 2012 for a further 6+6 most CHOPT.
Repeat fixture/same chanel.
CP.Dated 16.02.2013. Bitumen Tanker MT Clayten 3,750dwt. 1 trip (single trip) - India - Bay of Bengal with Bitumen (Asphalt). Fixed by EOSL for EOT.
CP.Dated 21.03.2013. Bitumen Tanker MT Clayten 3,750dwt. 1 trip (single trip) - India - Bay of Bengal with Bitumen (Asphalt). Fixed by EOSL for EOT.
CP.Dated 29.03.2013. Chems Tanker MT Merida 11,250dwt. 12 mos TC. Trading PG - PG with products under Eastern Refining COA. Fixed by EOSL for EOT.
CP.Dated 22.04.2013. Chems Tanker MT Liquid Silver 13,846dwt. 1 voyage (single trip) - India - Bay of Bengal with chemicals. Fixed via Coral Energy Shipbrokers for EOT.
CP.Dated 29.04.2013. Chems Tanker MT Liquid Gold 13,846dwt. 1 voyage (single trip) - India - China with chemicals. Fixed via Coral Energy Shipbrokers for EOT.
CP.Dated 11.06.2013. Prod. Tanker MT Yasitang 6,496dwt. 3 x consecutive voyages. Aow-Udom to Bangkok /Crude oil. EOT own cargo (booked in via Scandocean).
CP.Dated 15.09.2013. Crude Tanker MT Energena 96,214dwt. 12+12 mos CHOPT. Broker Scandeocean via EOSL as agents (commercial managers) for EOT.

VESSELS FIXED/CHARTERED IN 2014.
CP.Dated 09.02.2014. Crude Tanker MT Jelita Bangsa 96,687dwt.6+6mos CHOPT. Broker Scandeocean via EOSL as agents (commercial managers) for EOT.
CP.Dated 11.04.2014. Crude Tanker MT Lion Spirit 105,203dwt. 3+3mos CHOPT. Broker Scandeocean via EOSL as agents (commercial managers) for EOT.
CP.Dated 05.07.2014. Prod. Tanker MT Amadeo 44.111dwt. 6+6mos CHOPT. Broker Scandeocean via EOSL as agents (commercial managers) for EOT.
CP.Dated 19.08.2014. Bitumen Tanker MT Clayten 3,750dwt. 1 trip (single trip) - India - Bay of Bengal with Bitumen (Asphalt). Fixed by EOSL for EOT.
CP.Dated 29.08.2014. Crude Tanker MT Kingston 149,200dwt. 6+6mos CHOPT. Broker Scandeocean via EOSL as agents (commercial managers) for EOT.
CP.Dated 11.09.2014. Prod. Tanker MT Anthem 46.100dwt. 6+6mos CHOPT. Broker Scandeocean via EOSL as agents (commercial managers) for EOT.
CP.Dated 12.10.2014. Prod. Tanker MT Oritsela 46,878dwt. 6+6mos CHOPT. Jointly with by STS Shipping and Trading West Africa for WAF business/consec voyages.
CP.Dated 12.10.2014. Prod. Tanker MT Waba 46,601dwt. 6+6mos CHOPT. Jointly with by STS Shipping and Trading West Africa for WAF business/consec voyages.
CP.Dated 11.11.2014. Bitumen Tanker MT Clayten 3,750dwt. 1 trip (single trip) - India - Bay of Bengal with Bitumen (Asphalt). Fixed by EOSL for EOT.

VESSELS FIXED/CHARTERED IN 2015.
CP.Dated 01.02.2015. Crude Tanker MT Marudo 99,6101dwt. 3+3mos CHOPT. Broker Scandeocean via EOSL as agents (commercial managers) for EOT.
CP.Dated 14.02 2015. Gas Tanker MT Gas N. Arizona 5,590dwt. 12 mos TC. Trading LPG. Indonesia-China range. Fixed via Coral Energy Shipbrokers for EOT.
CP.Dated 22.03.2015. Crude Tanker MT Naimsa 9,103dwt. 3+3mos CHOPT.
Fixed by Alumni Shipping & Trading for EOT.
CP.Dated 12.05.2015. Chems Tanker MT Radhe 11,250dwt. 12 mos TC.Trading PG - PG with products under Eastern Refining COA. Fixed by EOSL for EOT. CP.Dated 16.08 2015 Gas Tanker MT Bluegas 2,273dwt. 1+1 mos TC. Trading LPG. Trading Med - Red Sea range. Fixed via Coral Energy Shipbrokers for EOT.
CP.Dated 01.10.2015. Crude Tanker MT Rina 45,609dwt. 3+3mos CHOPT. Fixed by EOSL for EOT.

VESSELS FIXED/CHARTERED IN  2016.
CP.Dated 04.02.2016. Crude Tanker MT Argosy 41,035dwt 3 x consecutive voyages. PG - India range. After which delivered for scrap. Fixed by Alumni Shipping & Trading for EOT.
CP.Dated 09.02.2016. Crude Tanker MT Gregoros 69,933dwt. 12 mos TC. Trading crude. PG to Arabian Sea/Indian Ocean/Bay of Bengal range. Fixed by EOSL for EOT. CP.Dated 14.04.2016 Chems Tanker MT Tebra 8,416dwt. 3+3mos CHOPT. Fixed by EOSL for EOT.
CP.Dated 15.07.2016. Crude Tanker MT Lore 46,228dwt. 12 mos TC. Trading crude. PG to Arabian Sea/Indian Ocean/Bay of Bengal range. Fixed by Alumni Shipping & Trading for EOT.
CP.Dated 19.11.2016. Bitumen Tanker MT Clayten 3,750dwt. 1 trip (single trip) - India - Bay of Bengal with Bitumen (Asphalt). Fixed by EOSL for EOT.

VESSELS FIXED/CHARTERED IN 2017.
CP.Dated 30.01.2017. Chems Tanker MT Radhe 11,250dwt. 1 mos TC. Trading PG - PG with products under Eastern Refining COA. Fixed by EOSL for EOT. 2017.
CP.Dated 19.01.2017. Crude Tanker MT Orit 48,878dwt. 6 mos + 6 mos TC. Trading crude. PG to Arabian Sea/Indian Ocean/Bay of Bengal range. Fixed by Alumni Shipping & Trading for EOT.
CP.Dated 01.02.2017. Crude Tanker Divine Order 46,925dwt fixed for 12 mos time charter. Fixed by Alumni Shipping & Trading for EOT.
CP.Dated 11.02.2017. Crude Tanker MT Concertina 96,835dwt. 12 mos TC. Trading crude. PG to Arabian Sea/Indian Ocean/Bay of Bengal/Indonesia range. Fixed by Alumni Shipping and Trading for EOT.  Vessel relet for duration.
CP.Dated 13.02.2017. Prod. Tanker MT Razna 23,169dwt. 3 x consecutive voyages. PG - India range. After which delivered for scrap. Fixed by Alumni Shipping & Trading for EOT.
CP.Dated 17.09.2017. Chems Tanker MT Luan Yuan I 19,416dwt. 3+3mos CHOPT. Trading PG - Red Sea range with products. Fixed by Alumni Shipping & Trading for EOT.
CP.Dated 19.09.2017. Chems Tanker MT Wan Yuan II 12,201dwt. 3+3mos CHOPT. Trading Malaysia - Bangladesh with Palm Oil (CPO) Fixed by Alumni Shipping and Trading for EOT.  Vessel relet for part of the duration.

VESSELS FIXED/CHARTERED IN 2018.
CP. Dated 05.01.2018. Crude Tanker G. Trader 156,100dwt. 50-70 days voyage charter with redel sub continent. Fixed by EOSL for EOT.
CP.Dated 12.01.2018. Crude Tanker MT Concertina 96,835dwt. 3 mos TC. Trading crude. PG to Arabian Sea/Indian Ocean/Bay of Bengal/Indonesia range. Fixed by EOSL for EOT  (repeat of last years fixture/rate adjusted in line with the market).
CP.Dated 17.03.2018. Chems Tanker Pablo VI 5858dwt. 12mos TC for trading UAE - India. Fixed by EOSL for EOT.
CP.Dated 09.04.2018. Chems Tanker Julia I 6,922dwt. 3+3mos CHOPT. Trading Malaysia - Bangladesh with Palm Oil (CPO). Fixed by EOSL for EOT.
CP.Dated 13.04.2018. Crude Tanker MT Lion M 105,203dwt. Fixed for 6 mos TC. Fixed by Alumni Shipping & Trading for EOT.
CP.Dated 01.08.2018. Product Tanker Golden Star 45,425dwt. 3+3mos CHOPT. Trading PG (UAE) - Indian Ocean. Fixed by Alumni Shipping & Trading for EOT.

VESSELS FIXED/CHARTERED IN 2019.
CP.Dated 05.01.2019. LNG Tanker Adriatic Energy 67,219dwt. Fixed for 6 mos storage together in a JV with Adriatic Energy Services Co. for a contract to trade and supply LNG. Various options for addtional months.
CP.Dated 03.02.2019. Crude/Chemical Tanker Orchid 29,990dwt. Fixed for 6 - 8 mos trading in Chopt, with redelivery Colombo. Vessel fixed with a sales clause included. Fixed by Alumni Shipping & Trading for EOT. Vessel relet for part duration.
CP.Dated 05.06.2019. 
Crude/Chemical Tanker Ocean Topas 44,900dwt. Fixed for 3 mos time charter.
Fixed by Alumni Shipping & Trading for EOT.
CP.Dated 01.09. 2019. 
Crude Tanker Roussa 47,629dwt. Fixed for 1+1+1+1 mos time charter.
Fixed by Alumni Shipping & Trading for EOT.

VESSELS FIXED/CHARTERED IN 2020.
CP.Dated 01.02.2020. Crude Tanker Roussa 47,629. Extension of Charter. Fixed for further 1+1 mos time charter.
Fixed by Alumni Shipping & Trading for EOT.
CP.Dated 12.02.2020. Chemical Tanker Maria 7065dwt. 3+3 mos CHOPT. Redelivery ECI/WCI in owners option.
Fixed by Alumni Shipping & Trading for EOT.
CP.Dated 22.02.2020. Chemical Tanker Lan Wan 5,008dwt. Fixed for 20-30days for 1 trip.
Fixed by EOSL for EOT.
CP.Dated 11.03.2020. Bitumen Tanker Nephel 3416dwt fixed for 1+1 mos time charter.
Fixed by Alumni Shipping & Trading for EOT.
CP.Dated 03.05.2020. Chemical Tanker Aulac Dragon 10,000dwt fixed for 1+1 mos time charter.
Fixed by Alumni Shipping & Trading for EOT.
CP.Dated 14.05.2020. Chemical Tanker Queen Helena 10,549dwt fixed for 1+1 mos time charter.
Fixed by Alumni Shipping & Trading for EOT.
CP.Dated 09.07.2020. Chemical Tanker Count 11,042dwt fixed for 6+6 mos time charter.
Fixed by Alumni Shipping & Trading for EOT.

VESSELS FIXED/CHARTERED IN 2021.
CP.Dated 09.01.2021. Crude Tanker Hansa 16,321dwt fixed for 3 mos time charter.
Fixed by Alumni Shipping & Trading for EOT.

CP.Dated 04.04.2021. 
Crude Tanker Hansa  16,321dwt fixed for 1 trip voyage charter
in order position the ship for demolition. Fixed by Alumni Shipping & Trading for EOT
in direct continuation of previous charter party.

Further details, fixtures and references are readily available.



Historical Background


Historical Background
EOT  - Our history in shipping. From the beginning as The Hong Kong and Eastern Shipping Company Limited to the present as Eastern Ocean Tankers Limited

1940-1950
Scott and English Limited (Singapore company number 194000012K) established as a trading house in 1940 by Messrs John Galvin and Stanley Smith, identified the need for an inhouse shipping line to carry the company's own cargoes following the end of the second world war and on 6 March 1946 the Rymo Shipping Company, a shell company, was purchased. The newly acquired company (the Rymo Shipping Company) was renamed The Hong Kong and Eastern Shipping Company Limited (Hong Kong Company Number 0001826) or HESCO.

HESCO began operations with chartered in tonnage, chartering vessels from The Straits Steamship Co. Ltd of Singapore (Singapore company number 189000001G) and from Messrs John Manners & Co. Ltd of Hong Kong, (Hong Kong Company Number 0000211) both being established shipowners operating fleets of elderly tramp steamers in the region.

1950 - 1960
HESCO invested in 4 small tweendecked cargo vessels in partnership with Dodwell & Co. Ltd (Hong Kong Company Number F0000204) a leading Hong Kong based trading house founded in 1891.The vessels were built for the carriage of industrial machinery and equipment between Hong Kong, Malaya (Malaysia).

1960 - 1970
The Hong Kong and Eastern Shipping Company Limited (HESCO) under the direction of its parent company Scott and English Limited took the decision jointly invest in 2 second hand tankers together with Eastern Overseas Shipholdings Limited (E.O.S.L.) and a new joint venture company emerged on 31 December 1963 with the formation of company Eastern and Overseas Co. Ltd (Hong Kong Company Number F0000794) an entity designed to invest in ships and ship owning ventures, owned 50/50 by the two founding entities.

During this period three further joint venture companies were created in partnership with the Tasman Steamship Company of New Zealand. The first two entities were Southern Mercantile and Marine Corporation and Tasman Stevedoring and Agency Company Limited. The final and third entity, the Hong Kong and Eastern Shipping Company (Australia) Limited was formed to manage the joint entities and to act as agents. The companies were formed to purchase and charter vessels for the carriage of timber, the vessels purchased under the joint venture were the Viti, the Vasu and later the Madonna.

In 1964 a chartering agency was established in London under the name Cove and Beecham Limited (UK Company No: 00414641) to handle chartering enquiries and marine insurance matters from London.

1970 - 1980
The 1970s brought immense change to the ownership of the company. Eastern Overseas Shipholdings Limited (E.O.S.L.) acquired a further 10% of the Hong Kong and Eastern Shipping Company Limited (HESCO) giving it the majority shareholding at 60%. By 1972 a further 25% was acquired by Eastern Refining Corporation, itself an Indian/Bangladesh subsidiary of Eastern Overseas Shipholdings Limited. Following these changes the Hong Kong and Eastern Shipping Company Limited (HESCO) and Eastern and Overseas Co. Ltd where merged and rebrand as Eastern Overseas Shipping Lines Ltd. The majority shareholding being in the favour of Eastern Overseas Shipholdings Limited (E.O.S.L.) holding a total of 75% including 25% held under Eastern Refining Corporation. The remaining 25% minority shareholding remaining with the trustee's controlling Scott and English Ltd, itself the origional founding father of the company.

In 1973 the decision was made to create Eastern International Investments Trust as an entity to raise funds for the acquisition of vessels. Each party contributed USD 1 million and the total amount of USD 2 million was used to raise a further USD 4 million from of Credit and Commerce International (BCCI) Bank. The general cargo vessel Eastern Venture was purchased first. It soon became clear that the wet (tanker) trades could be more lucrative and so two tankers were purchased from a Japanese shipowner and named MT Eastern Carrier and MV Eastern Caller.

In 1975 Eastern International Investments Trust arranged a finance package for the Swedish Salen Group. The package included finance for 4 newbuilding VLCCs in Japan, an option that was never exercised. During negotiations it was proposed that Salen Group charter one of their refrigerated cargo ships into EOSL (Eastern Overseas Shipping Lines) via their Singapore office. The MV Arawak of Sven Salén AB (Salen Shipping Company) was chartered to carry refrigerated cargo for the line and with this addition by 1976 the fleet stood at 6 vessels (the 3 owned vessels, the chartered in reefer MV Arawak and two tweendeckers chartered in from the London based Gulf Shipping Group to run a parcel service from PG Ports to Bay of Bengal ports. This was the start of close relationships for EOSL with both Gulf Group and the Salén Group.

In 1980 the two controlling parent companies decided that the company should focus solely on the tanker industry. Two new tankers of 12,000dwt were ordered from Japan and financed through Eastern International Investments Trust. The 70,000dwt tanker Sea Valiant was taken on a long charter to act as a floating storage (mother tanker) in the Bay of Bengal. The charter ran for 2 years and marked the entry of EOSL into the floating storage sector.

1980 - 1990
In 1980 the two new tankers of 12,000dwt were ordered from Japan and financed through Eastern International Investments Trust. The 70,000dwt tanker Sea Valiant was taken on a long charter to act as a floating storage (mother tanker) in the Bay of Bengal. The charter ran for 2 years and marked the entry of EOSL into the floating storage sector. Two older tankers were purchased and named Eastern Courage and Eastern Power.

In 1981 Eastern Courage and Eastern Power were sold at a small profit in order to release funds for completion of the two newbuilding's on order.

In 1982 the first of two new tankers of 15,000dwt ordered 2 years earlier, was delivered and named Eastern Pride. The sister ship arrive in 1983 named Eastern Princess.

In 1984 the fleet consisted of the three older vessels, the two new built tankers and the chartered in floating storage ship Sea Valiant. The total dwt of the fleet had surpassed 100,000mts. Not a lot compared to big private owners but an achievement for a joint stock company founded by two non "traditional shipowning" companies.

In 1989 the older ships were disposed of. The fleet was reduced to the two remaining owned vessels and the occasional chartered in vessel.

1990 - 2000
In 1990 and up to 1996 two OBOs (Oil Bulk Ore) carriers were chartered in to run with crude to the Bay of Bengal and to Indonesia. The second vessel the "OBO Elif" was the first vessel under EOSL to exceed 100,000mts. Big for this small company but still small for Eastern Overseas Shipholdings Limited (E.O.S.L.) who had been financing VLCCs and ULCCs for thir dparty clients on lease financing contracts for considerable time. OBO Elif was later deployed into a new market shipping grain into Egypt and Pakistan where discharge was carried out using vacuvators. The tanks were then cleaned in preparation for a wet cargo to be loaded at the next port. This "operating" of non owned vessels gave profits of USD 4 million in 1996 a return that encouraged the founding partners to focus more on utilizing EOSL as an operator and less as an owning entity.

In 1996 plans were drawn up to move into operating full time. EOSL formed two subsidiaries, Eastern Ocean Tankers (EOT) of Hong Kong to act as operators of tankers on own cargoes and Eastern Overseas Shipping Lines (Agencies) Ltd to act as booking agents and managers for EOT.

In 1997 Eastern Overseas Shipholdings acquired a 50% stake in one modern Aframax tanker, MT Eastern Lion and two small lightering tankers followed on a BBHP (Bare Boat Hire Purchase) scheme. The aframax was deployed on a continous COA from the PG to the Bay of Bengal under a trade arrangement between PG based producers and Eastern Refining Co. The two lightering tankers provided discharge services. All booking and operating arrangements were handled by EOSL while EOT was the owning/operating arm.

In 1999 the aframax tanker Glory Central was chartered in to shuttle cargoes from the PG to Sri Lanka and Indonesia. This was an arrangement that lasted 2 years.

2000 - 2010
In 2002 the profits from operating vessels equated to USD 9 million by the year end. It as decided to offload the owned and part owned vessels and focus on diversification to create a group of companies. The small tankers were sold off quickly however the shareholding in the aframax tanker proved more difficult to dissolve. Eastern International Investments Trust used the proceeds of the sale of the tankers to embark on an expansion and diversification programme over the next 8 years. Starting out with the founding of Eastern Hotels and Resorts, Eastern Aviation Services and Eastern Oil Trading, the shipping side was also developed further with EOT chartering 12-15 ships per year to cover the traditional company trades while EOSL expanded the agency and shipbroking operations opening agency offices in Malaysia, Thailand, India, Bangladesh and the United Arab Emirates.

2010 - 2020
In 2010 Eastern International Investments Trust acquired Gasoil Trading Services Ltd of Hong Kong and EOT was tasked with chartering 2 small bitumen tankers and 1 small LPG tanker to cover the trade contracts held by Gasoil Trading Services (later renamed Eastern Energy Services Ltd).

In 2011 the Dhaka arm of the group was refinanced in order to enter into the Bangladesh cabotage trade. The company was marketed as a new entrant into the domestic shipping arena. With guarantee's the parent company in place the "new entrant" secured finance from local banks to fund the purchase of two Aframax Tankers. Eastern Ocean Tankers bought the 98,500-dwt Fly Eagle (built 1992) for USD 10m and the 93,700-dwt Milkyway (built 1991) USD 9m. Fly Eagle kept her name as she was fixed on a long charter to Eagle Oil Co. while Milky Way was renamed Eastern Force. MT Eastern Lion was finally sold for demolition via EOSL and their panel broker Scandocean AB who handled the negotiation as brokers.

In 2012 Eastern International Investments Trust acquired STS Shipping and Trading Ltd of Nigeria and its agency arm in London STS Shipping and Trading Co Ltd. STS Shipping and Trading of Nigeria held contracts with local suppliers of crude while chartering and trading was handled by the London office. The intention was to merge these companies with EOSL to further expand the satellite offices of Eastern Ocean Tankers in order to market EOT services in Europe and in West Africa.

Also in 2012 STS Shipping and Trading Co Ltd became Eastern Overseas Shipping Lines (UK) Limited to act as chartering and financing agents for Eastern Ocean Tankers and for Eastern Energy. Later in 2012 Eastern Ocean Tankers announced its intention to purchase two 45,000-dwt products tankers of around 15 years old, funds of USD 30 million were raised via the London office (EOSL) in preparation for this expansion with the vessels to be used for domestic customers for long-term contracts arranged via the Dhaka office.

In 2013 political tension in the region resulted in the shareholders agreeing to shelve the prior announced plan to purchase two 45,000-dwt products tankers of around 15 years old as the contracts for local customers appeared to be on unsound footing. Instead the founding partners decided to spin off Eastern Ocean Tankers and its subsidiaries into a stand alone entity with the idea for a possible flotation in 5 years time.

Eastern Ocean Tankers became a HK and Labuan company while Eastern Energy Services and STS Shipping and Trading were merged with Eastern Overseas Shipping to create a single managing entity for all shipping and trading activities, effectively creating a single parent company in EOT as the principal and a managing arm in EOSL as the managing agents with offices in London, Singapore, Hong Kong, Chittagong, Dhaka and with representation in Port Harcourt and Lagos via a joint venture with Ocean Marine Tankers, itself owning 2 tankers of 45,000dwt namely MT Abiola and MT Igbinosa. As part of the planned move towards preparation for an IPO in 2013 the company announced its interest to build 4 x MR (Medium Range) product tankers for use in the international market. Eastern Overseas Shipping Lines (EOSL) also arranged funds for investment in two feeder container ships. The directors held meetings in both the UK and the USA to discuss and plan for a potential listing.

In 2014 as Eastern Ocean Tankers (EOT) and its managing subsidiary (managing agents) Eastern Overseas Shipping Lines (EOSL) progressed with plans for a listing oil began a dramatic fall from a peak of $115 per barrel in June 2014 to under $35 at the end of February 2016. The company needed to take drastic action to secure its future. The joint venture in West Africa was dissolved as the ships purchased were specifically for the West African market which was at a stand still, this resulted in a write off of USD 20 million. The aframax tankers were scrapped and the order for 4 new MRs was cancelled. The losses were substantial however the company did make a profit on its operating activities thanks to the low cost of chartering in tonnage for the traditional in-house trades. EOT also chartered 2 tankers on 2 year contracts for floating storage. By the end of 2016 Eastern Ocean tankers had transformed from as asset backed owner to a tanker operator.

In 2016 the operations of the various subsidiaries were merged and sold off in a package financed by Eastern Overseas Shipholdings who arranged a credit facility for the buying consortium. EOSL was closed and the company allocated all its chartering to its long standing "panel brokers" namely Scandocean SA a shipbroking company based in Sweden that had diverged itself from the old Sven Salén AB (Salen Shipping Company) and was headed by Mr Bo Pernemar a former director of Frontline who had assisted with the chartering of vessels since 2002 and Alumni Shipping and Trading headed by Capt Eric Sims, a former director of Anglo Oil Co.

By 2017 Eastern Ocean Tankers (EOT) chartered a total of 6 ships. The smallest in it history however the company remained profitable. The company has divested itself of a lot of assets during the crisis set about by the fall in oil prices but announced its intention to return to investing in assets in 2018-2020





Press Articles - EOT in the News


Bangladeshi newcomer on the hunt for third aframax after snapping up 98,500-dwt Fly Eagle (built 1992) for USD 10m and the 93,700-dwt Milky way (built 1991) for USD 9m

Read More

Eastern Ocean Tankers is said to be currently scouting the second hand market for two 45,000-dwt products tankers around 15 years old.

Read More

Four strong contenders have been identified to compete in the latest tender for the purchase of 11 product tankers. The players include Eastern Ocean Tankers Ltd

Vacancies - Work with EOT


Tanker Chartering Executive - Athens Greece or London UK - EOT012020

Tanker Chartering Executive to manage in house vessels and maintain own and 3rd party COA's.

Key Qualifications / Experience
  • Solid experience in tanker chartering
  • Working with international clients and trading houses
  • Excellent knowledge of international tanker markets
  • Strong communication and analytical skills
A performance related bonus is offered at the end of each financial year ontop of an excellent package for the right candidate.

The benefits package includes healthcare, pension and gym membership.

Tanker Chartering Executive
Key Responsibilities / Tasks
  • Handling inhouse tanker chartering requirements to cover own positions.
  • Handling the chartering of owned/operated, third party and managed vessels
  • Responsible for establishing and maintaining relationships with new and existing clients
  • Coordinate with operations and chartering teams to ensure optimal results for voyages
  • Provide clients with guidance and solutions based on market information and trends


If you feel that you match the job description and are keen on applying for this role please send us a copy of your resume/cover letter to eot@eotankers.com for the attention of Captain Vadettis
Apply Now

Tanker Operations Executive - Athens Greece or London UK - EOT022020

Tanker Operations Executive

Key Responsibilities / Tasks
  • Handling inhouse tanker operations requirements to cover own positions.
  • Handling the operations of owned/operated, third party and managed vessels
  • Responsible for establishing and maintaining relationships with new and existing clients
  • Coordinate with operations and chartering teams to ensure optimal results for voyages
  • Provide clients with guidance and solutions based on market information and trends
Suitable candidates must be familiar with voyage operations, and have the following background/experience:

  • Education: University or Technical College Degree in Nautical Engineering or Science
  • Experience working as an Operator within commercial tanker pool operations
  • Excellent command of written and spoken English
  • Effective team player with interpersonal and communication skills
  • Strong analytical, problem solving and time management skills

An annual bonus will be paid on a discretionary basis together with a comprehensive package.
A good benefits package will be offered to the right candidate. A competitive salary will be paid. If you feel that you match the job description and are keen on applying for this role please send us a copy of your resume/cover letter to eot@eotankers.com for the attention of Captain Vadettis.


Suitable candidates must be well versed with voyage operations, and have the following background/experience:
  • Education: University or Technical College Degree in Nautical Engineering or Science
  • Experience working as an Operator within commercial tanker pool operations
  • Excellent command of written and spoken English
  • Effective team player with interpersonal and communication skills
  • Strong analytical, problem solving and time management skills

Apply Now

Commercial Projects Manager - Malaysia - EOT032020

Vacancy now closed
Vacancy now closed
Vacancy now closed
A competitive salary will be paid. If you feel that you match the job description and are keen on applying for this role please send us a copy of your resume/cover letter to eot@eotankers.com for the attention of Captain Vadettis.

Vacancy now closed
Apply Now

Ongoing personnel requirements - Worldwide - EOT042020

We have an ongoing interest in hiring good and professional shipping professionals. If you feel you have something to offer please send your emailed CV and cover letter to eot@eotankers.com for the attention of Captain Vadettis and when a vacancy occurs we will contact you.
We have an ongoing interest in hiring good and professional shipping professionals. If you feel you have something to offer please send your emailed CV and cover letter to eot@eotankers.com for the attention of Captain Vadettis and when a vacancy occurs we will contact you.
We have an ongoing interest in hiring good and professional shipping professionals. If you feel you have something to offer please send your emailed CV and cover letter to eot@eotankers.com for the attention of Captain Vadettis and when a vacancy occurs we will contact you.
We have an ongoing interest in hiring good and professional shipping professionals. If you feel you have something to offer please send your emailed CV and cover letter to eot@eotankers.com for the attention of Captain Vadettis and when a vacancy occurs we will contact you.
We have an ongoing interest in hiring good and professional shipping professionals. If you feel you have something to offer please send your emailed CV and cover letter to eot@eotankers.com for the attention of Captain Vadettis and when a vacancy occurs we will contact you.
Apply Now

Co-ordinates & Contacts




===============================================
Eastern Ocean Tankers Limited
===============================================

Asia - Eastern Ocean Tankers Limited
Commercial Office - Asia 
Level 7B, Main Office Tower
Financial Park Complex
Jalan Merdeka87000 
Labuan, Malaysia
Phone (Switch):          +6087 591600
Fax   (General) :          +6087 453601
 
Captain Lee Lim           - General Manager Commercial
Email                                eot@eotankers.net
Skype                               manager-eotankers
 
Mr Dipak Chakrabarti - Operations Team Manager
Email                               eot@eotankers.net
Skype                              dipacships


Europe  - Eastern Ocean Tankers (EOT) Limited
Suite 13.01.03
21st Floor
Admiralty Building
17 Henry Macaulay Ave
Kingston upon Thames KT2 5FF
United Kingdom

Captain Petros Konkukis  - General Manager Commercial
Email                                      eot@eotankers.net
Email                                      london@eotankers.net
Skype                                     london-eotankers
Phone (Switch):                   +44 0207 02548898


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Chartering Agents - Panel Brokers  
===============================================
1. SCANDOCEAN
Tõnismägi 5b 15113 Tallinn Estonia
scando@scandocean.com
 
2. ALUMNI SHIPPING AND TRADING
Maritime Centre144 Main StreetGib.
chartering@alumni.com
+350 8865  7445 4
 
3. ALUMNI SHIPPING AND TRADING (ASIA)
Floor 9 Foo Sang 9th,Wing Lok Street, Sheung Wan, 
HongKong
chartering@alumni.com

===============================================
Sale & Purchase Agents  - Panel Brokers
===============================================
1. UMPIRE SHIPPING GmbH
Am Weiher 45 Hamburg Hamburg 20251
Germany
shipsales@umpire.com
0049-40-33360578

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Banks
===============================================
1. HSBC Bank
2. ICBC Bank
=============================================== 

Disclaimer
All business is conducted in accordance with our Terms and Conditions which can be viewed upon request. The Information is not to be relied upon and is not warranted, including, but not limited, as to completeness, timeliness or accuracy and is subject to change without notice. All representations and warranties are expressly disclaimed. The company does no claim rights of ownership to any trade marks or logos, any replications, similarities or common wording is merely down to coincidence. The company are happy to change or remove any such similarities or common wording upon request via email. The company does not promote or recommend other companies, services or individuals and cannot be held responsible for the actions or failures of others. For further information and our terms of business, please feel free to contact us. We have taken precautions to minimise the risk of transmitting software viruses, but we advise you to carry out your own virus checks on any attachment to this message. We cannot accept liability for any loss or damage caused by software viruses. 

Contact the Commercial Tanker Department


  • Eastern Ocean Tankers Limited
  • Commercial Office - Asia Level 7B, Main Office Tower Financial Park Complex Jalan Merdeka 87000 Labuan, Malaysia