All News


Brazil to drive Latin American oil export growth

(Mar 17 2017)

Brazil is expected to lead VLCC oil shipments out of Latin America this year, a leading consultancy said.

Hijacked bunker tanker released

(Mar 17 2017)

On 16th March, 2017 the crew of the 1,800 dwt bunker tanker ‘Aris 13’ were released from Somali pirates with the help of the Puntland Maritime Police Force (PMPF).

OCIMF addresses inert gas systems

(Mar 17 2017)

OCIMF has addressed the use of inert gas for the carriage of flammable oil cargoes in its latest information paper, released on 13th March.

Nordic Tankers and V.Group in shipmanagement tie-up

(Mar 17 2017)

Nordic Tankers Trading is to create a new company in partnership with V.Group.

Stena Bulk to acquire Stena Weco shares

(Mar 17 2017)

Stena Bulk is to purchase the remaining 50% of the shares in Stena Weco from its partner WECO Shipping.

Industry heavyweights join OSM board

(Mar 17 2017)

Jens Lassen, former head of Carnival Maritime and Donald Anderson, former CEO of V. Ships Group, have joined OSM Maritime Group as board members.

Sovcomflot’s privatisation due in May

(Mar 17 2017)

Sovcomflot’s (SCF) privatisation will not happen before May, 2017, Russia’s Economy Minister, Maxim Oreshkin reportedly said, according to TASS news agency.

Fifteen newbuilding VLCCs hit Gener8’s bottom line

(Mar 17 2017)

Gener8 Maritime has recorded net income of $5.8 mill for the three months ended 31st December, 2016, compared to $45.5 mill for the same period in 2015.

Euronav’s profit falls

(Mar 17 2017)

Antwerp-based shipping company Euronav has reported a drop in net profit to $204 mill last year from $350.3 mill recorded in 2015.

Two Aframaxes to be fitted with Evoqua BWMS

(Mar 17 2017)

Evoqua Water Technologies has won an order from a South Korean shipyard to supply and install its patented SeaCURE ballast water management systems (BWMS).

Rotor sails to be fitted on LR2

(Mar 17 2017)

Norsepower in partnership with Maersk Tankers, The Energy Technologies Institute (ETI), and Shell Shipping & Maritime, is to install and trial Flettner rotor sails on board a Maersk Tankers LR2.

Ektank chooses WE Tech

(Mar 17 2017)

WE Tech Solutions has received an order to fit a permanent magnet shaft generator solution to two newbuilding 18,600 dwt chemical tankers with an option for another two.

Fleet Management to install Fleet Xpress

(Mar 17 2017)

Inmarsat’s Fleet Xpress (FX) has been specified by Hong Kong-based third party shipmanagement concern Fleet Management (FML).

Petronas recognises RS

(Mar 17 2017)

Russian Maritime Register of Shipping (RS) has been recognised by Petronas as a condition assessment program (CAP) service provider.

Markets - Further downward correction forecast

(Mar 17 2017)

After the sharp downward correction in VLCC rates, we are now in the ‘interim-month-period’.


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