All News

 

Ocean Yield continues to expand

(Feb 16 2018)

Wholly-owned subsidiaries of Ocean Yield have acquired four VLCCs with 15-year bareboat charters to companies owned and guaranteed by Okeanis Marine Holdings.



MOL and NCC in tie up

(Feb 16 2018)

MOL and NCC have signed an agreement to develop a comprehensive two-way strategic partnership, including both partners' group companies.



Sberbank and Sovcomflot conclude project financing agreement

(Feb 16 2018)

Sberbank and Sovcomflot have signed a $106 mill project financing agreement with a term of up to 14 years.



Markets - Chemical carrier rates to soften this year

(Feb 16 2018)

Chemical shipping freight rates will weaken through 2018, due to the depressed outlook on overtonnaged long haul routes, according to the latest edition of the ‘Chemical Forecaster’, published by shipping consultancy, Drewry.



Recycling - Volatility reigns

(Feb 16 2018)

Another flat week concluded in the recycling markets, due to a steady reluctance from recyclers to pay some of cash buyers asking prices.



AMSC sees improving Jones Act market

(Feb 16 2018)

American Shipping Co’s AMSC’s operating revenues for the fourth quarter of this year was the same as 4Q16 at $22 mill.



STI takes a hit from Navig8 merger

(Feb 16 2018)

For the three months ended 31st December, 2017, Scorpio Tankers (STI) reported an adjusted net loss of $39.2 mill, compared with $29.4 mill for 4Q16.



Teekay chooses Duolog email system

(Feb 16 2018)

Data communications provider, Dualog, recently won a contract to install and upgrade email capability on 160 Teekay vessels worldwide.



NAT’s full year loss increases

(Feb 16 2018)

Nordic American Tankers (NAT) has reported a significant increase in its full year loss for 2017.



Market still challenging - Odfjell

(Feb 16 2018)

Odfjell reported net results of $96 mill for the fourth quarter of last year, compared to minus $11 mill in the previous quarter.



IMO agrees ban on carriage of non-compliant HSFO

(Feb 16 2018)

IMO has agreed to move forward with prohibiting the carriage of fuel oil for use on board ships, when it is not compliant with the new low sulfur limit, which comes into force from 2020.



Seagull benefits from mandatory training for NIS flag vessels

(Feb 16 2018)

More shipowners have registered their vessels back to the Norwegian flag during the past three years.



Iridium selects maritime launch partners

(Feb 16 2018)

Marlink, Speedcast, Applied Satellite Technologies Ltd (AST) and Satcom Global have been chosen as the initial global maritime launch partners for Iridium Certus.



Intellian to supply FleetBroadband terminals

(Feb 16 2018)

Inmarsat and Intellian have signed an outline agreement to support major enhancements to Inmarsat’s FleetBroadband service for the next decade and beyond.



aqua-tools to participate in new ISO standard

(Feb 16 2018)

Paris-based aqua-tools is to participate in the forming of an international standard for ballast water sampling and analysis.




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Nov-Dec 2017

Gibraltar - ballast water - Hellespont