All News

 

OCIMF in dock for ‘unlawfully’ removing SIRE inspector’s accreditation

(Aug 23 2019)

The Oil Companies International Marine Forum (OCIMF) was recently taken to task by the High Court in London for unlawfully removing the accreditation of one of its most experienced ship inspectors, Capt Arshad Rashid.



Iranian VLCC saga continues

(Aug 23 2019)

The VLCC ‘Adrian Darya 1’, ex ‘Grace 1’, which was released after being detained in Gibraltar, is currently chartered to an Iranian shipping company, according to Iran’s semi-official ILNA news agency.



‘Stena Impero’ update

(Aug 23 2019)

On 20th August, Stena Bulk CEO Erik Hanell met with the Iranian Foreign Minister, Mohammad Javad Zarif in Stockholm to promote the case for the release of the ‘Stena Impero’ and her crew held at Bandar Abbas since 19th July.



Low sulfur fuel guidance published

(Aug 23 2019)

A group of shipping, refining, fuel supply and standards organisations (see below) have produced a Joint Industry Guidance on the supply and use of 0.5% sulfur marine fuel.



Economou to take DryShips private

(Aug 23 2019)

Greek shipowner George Economou is to take full ownership of DryShips by purchasing the company’s outstanding shares for $5.25 per share in cash.



Two new dual fuel MRs join Waterfront’s fleet

(Aug 23 2019)

Waterfront Shipping Co, a wholly owned subsidiary of Methanex Corp, and Marinvest/Skagerack Invest (Marinvest) have welcomed two new dual fuel MRs to the fleet.



SafeSTS sees continued growth in Trinidad

(Aug 23 2019)

Currently, Trinidad and Tobago is the largest producer of oil and natural gas in the Caribbean, as well as being an importer of refined products.



Markets - Recycling activity hit by falling steel plate prices

(Aug 23 2019)

Prices across the Indian sub-continent markets were rocked by the deterioration of local steel plate prices and currencies, especially in India and the immediate/short term outlook for the various recycling markets seems grim.



Markets - VLCCs firm

(Aug 23 2019)

The VLCC market has gone from strength to strength during the past week.



Navios Maritime Acquisition reduces loss

(Aug 23 2019)

Navios Maritime Acquisition Corp suffered a net loss of $16.6 mill for the second quarter of this year, compared to a $22.1 mill loss recorded for 2Q18.



Higher TCE rates boost Nordic Shipholding

(Aug 23 2019)

Nordic Shipholding started 2019 on a positive note, as the average daily TCE rate in the first quarter for the six vessels was around 23% higher than the average TCE rate in 4Q18.



Odfjell narrows losses in improving chemical tanker market

(Aug 23 2019)

The chemical tanker market continued to improve during the second quarter of this year, said Odfjell.



LR issues type approval for HHI’s digital security

(Aug 23 2019)

Hyundai Heavy Industries (HHI) has received type approval from Lloyd’s Register (LR) for the network security digital component of its Integrated Smartship Solution (ISS).



Fixed income investor meetings

(Aug 23 2019)

Ocean Yield has selected Arctic Securities, DNB Markets, Nordea Bank, Pareto Securities and Skandinaviska Enskilda Banken, to arrange a series of fixed income investor meetings.



North to publish through Witherbys

(Aug 23 2019)

Witherbys and The North of England P&I Association have formed a publishing partnership.




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May 2019

Nor-Shipping - ballast - remote surveys