All News

 

ICS updates flag state performance table

(Mar 22 2019)

The International Chamber of Shipping (ICS) has updated its Flag State Performance Table, which can be downloaded free of charge from the ICS website.



Replacing Iranian barrels

(Mar 22 2019)

OPEC crude production fell by 240,000 barrels per day in February to 30.68 mill barrels, the lowest level in four years.



Tankers drag Euronav to a loss

(Mar 22 2019)

Due to the challenging freight markets last year, Antwerp-based tanker owner Euronav suffered a loss of $110 mill for 2018, compared with a profit of $1.4 mill in the previous year.



SCF turns the corner

(Mar 22 2019)

PAO Sovcomflot (SCF Group) reported a profit of $11.9 mill against a loss of $106.2 mill in 4Q17.



DIS optimistic despite increased loss

(Mar 22 2019)

d’Amico International Shipping’s (DIS) 2018 net loss increased to $55.1 mill last year,compared to $38.1 mill posted in 2017.



Pyxis suffers in dire market

(Mar 22 2019)

Pyxis Tankers reported that for the three months ended 31st December, 2018, the TCE revenues were $4.4 mill, which contributed to a net loss of $3.4 mill and the adjusted EBITDA was $0.2 mill.



Navig8 Chemical in sale and leaseback deal

(Mar 22 2019)

Navig8 Chemical Tankers has agreed a sale and leaseback deal with ICBC Financial Leasing (ICBC) for four IMOII 37,000 dwt Interline coated tankers.



Vitol takes over bitumen operation

(Mar 22 2019)

Commodity trader Vitol has agreed to acquire a further 50% of VALT, the bitumen joint-venture it established with Sargeant Marine in 2016.



Navios agrees new ECDIS update application

(Mar 22 2019)

Navios ShipManagement, a member of Navios Group, has signed up to use SRH Marine SAIT’s Delta Platform with real-time ECDIS chart updates over Inmarsat’s FleetBroadband service.



PSM Sensors supplied as part of a Scanjet package for tanker

(Mar 22 2019)

Scanjet was recently commissioned to supply a full Intelligent tank management (ITAMA) solution with tank cleaning machines, PV Valves and the tank gauging, by Rubis Eastern Caribbean for the new tanker, ‘Bahama Blue’, built by MTG Dolphin Shipyard i...



Markets - Recycling - Little change

(Mar 22 2019)

The recycling markets remained under pressure last week, with very little change reported that could affect the status quo, GMS reported.



Markets - Activity disappointing

(Mar 22 2019)

With the March VLCC MEG programme behind us, the owning community was looking forward to a spurt in activity for early April hoping to push rates up to WS60 eastbound.



IRClass to provide emergency response services to SCI

(Mar 22 2019)

Indian Register of Shipping (IRClass) has secured a five-year contract from The Shipping Corporation of India (SCI) to conduct emergency response service (ERS) for 33 vessels



Underwater scrubber tanker sea chests installed

(Mar 22 2019)

Hydrex recently installed sea chests on two sister tankers.



Vessel position list launched

(Mar 22 2019)

VesselsValue (VV) has launched its latest automated service - Position List.




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Nov-Dec 18

Bunkers - a looming nightmare; OSM, Bergshav; ballast water; Tanker Operator Hamburg report