All News

 

GMS develops hot works guidelines for tankers earmarked for recycling

(Aug 18 2017)

Tanker owners need to adapt to the stricter requirements for cleaning vessels for hot works prior to recycling across the Indian sub-continent as standards have increased, GMS has warned.



EC not committed to recycling licensing scheme yet

(Aug 18 2017)

The European Commission has unveiled its stance on the feasibility of introducing a financial incentive to ensure that more ships are recycled at EU-approved facilities.



Managing ship-to-ship collisions

(Aug 18 2017)

Shipping companies could experience protracted legal and contractual complexities following ship-to-ship collisions, if these incidents are managed incorrectly, according to a new report by insurance broker and risk management group Marsh.



Iraq in joint venture shipping company

(Aug 18 2017)

Iraq has formed a joint venture with a shipping company owned by other Arab states.



‘Green Sky’ engineers allowed to go home

(Aug 18 2017)

Last week, a US federal judge sentenced two former Chief Engineers of Aegean Shipping Management’s chemical tanker ‘Green Sky’ to time they’ve already served for illegal pollution.



What can hasten tanker scrapping- market conditions?

(Aug 18 2017)

It was previously thought that impending environmental regulations would hasten tanker scrapping.



Markets - Increasing long-haul crude trade won’t support rates

(Aug 18 2017)

Rising long haul exports of crude oil from the US and Nigeria will not be enough to drive tanker rates higher given the lower anticipated Middle East output and surging tonnage supply, according to the latest edition of ‘Tanker Forecaster’, published...



‘Ichthys Venturer’ FPSO arrives on site

(Aug 18 2017)

The INPEX-operated Ichthys LNG project’s condensate FPSO ‘Ichthys Venturer’, arrived in Australian waters on 14th August.



Saudi Aramco selects CTG ballast water testing device

(Aug 18 2017)

Oil producer Saudi Aramco has selected Chelsea Technologies Group (CTG), designer and manufacturer of sensors for the maritime sector, to provide benchmark testing for compliance with ballast water standards.



UPT pool gains another two

(Aug 18 2017)

Hamburg-based pool operator United Product Tankers (UPT) Handy Pool has been increased by the addition of two more tankers.



Clarksons delivers strong results despite challenging markets

(Aug 18 2017)

London-based provider of integrated shipping services, Clarkson PLC (Clarksons) recorded a strong financial performance during the six months ended 30th June, 2017.



Continued challenging market hits Concordia

(Aug 18 2017)

Concordia Maritime reported a loss after tax of SEK43.9 mill for the second quarter of this year and a loss of SEK85.1 mill for the first six months of 2017, compared to a profit of SEK12.4 mill and SEK45.8 mill for the same periods of 2016, respecti...



Navig8 Chemical announces continued losses

(Aug 18 2017)

As a result of lower TCE rates, Navig8 Chemical Tankers suffered a net loss of $3.6 mill in the second quarter of this year, compared to a net income of $9.6 mill posted in the same period of 2016.



AMSC delivers consistent results - CEO

(Aug 18 2017)

American Shipping Co (AMSC) announced stable second quarter 2017 bareboat revenue of $21.9 mill and backlog of secured bareboat revenue of $270 mill with an average weighted tenor of 3.1 years.



GulfNav sees increase in net profits

(Aug 18 2017)

Listed Dubai-based Gulf Navigation Holding (GulfNav) announced 33% growth in net profits by the end of the first half of 2017, compared with the same period of 2016.




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June-July 2017

Market comment, technology, ballast water, Athens conference report



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