All News

 

Colonial Pipeline outages spur clean freight jumps across Atlantic Basin

(May 13 2021)

The disruption of clean petroleum product flows on the Colonial Pipeline spurred a flurry of spot clean tanker activity on both sides of the Atlantic Basin in the week started May 10.



U.S. pipeline outage spurs refiners to book tankers to store fuel

(May 13 2021)

Refiners booked at least five tankers to store gasoline stranded at U.S. Gulf Coast plants following a cyberattack that crippled the biggest fuel pipeline in the country.



FUELSAVE – dynamic hydrogen & methanol injection to improve engine efficiency

(May 13 2021)

FUELSAVE GmbH of Germany has developed a technology which injects hydrogen, oxygen, water & methanol into the engine in a specific way. The company claims to reduce OPEX costs by 10% – and has done a successful trial on a heavy lift vessel.



Decarbonisation – solving the commercial problem

(May 13 2021)

The challenge of decarbonising shipping is more about figuring out who will pay for it, or how it will be made fair on companies which spend money on zero carbon fuels – one of the conclusions from an ABB webinar on decarbonisation.



DMC: flex tunnels 3 nozzles 3 manoeuvring systems 7 rudders for new tanker

(May 13 2021)

Damen Marine Components (DMC) is making a special contribution to the innovative inland waterway tanker that is being built for BASF and Stolt Tankers.



WFW advises Euromont and Navigazione Montanari on €35M product tanker acquisition financing

(May 13 2021)

Watson Farley & Williams (“WFW”) has advised Euromont Shipping Company S.p.A. (“Euromont”) and Navigazione Montanari S.p.A. (“Navigazione Montanari”) on c.€35m loan granted by illimity Bank S.p.A. (“illimity”) for the renewal of Navigazione Montanari...



ABS signs JDP to develop CO2 carrier designs

(May 13 2021)

ABS, Hyundai Mipo Dockyard Co., Ltd. (HMD), Korea Shipbuilding & Marine Engineering Co., Ltd (KSOE) and the Republic of the Marshall Islands (RMI) Maritime Administrator have signed a JDP to develop liquefied CO2 carrier designs.



TORM plc First Quarter Report 2021

(May 13 2021)

“In the first quarter of 2021, TORM achieved an EBITDA of USD 19m, in a market which continues to be impacted by the pandemic. Further I am pleased that we have just purchased three LR2 vessels on top of the eight MR vessels acquired earlier this yea...



TORM purchases three 2015-built scrubber-fitted LR2 vessels

(May 13 2021)

TORM has entered into an agreement to purchase the three 2015-built scrubber-fitted and fuel-efficient LR2 vessels Nissos Schinoussa, Nissos Heraclea and Nissos Therassia from Okeanis Eco Tankers Corp. for a total consideration of USD 120.8m.



ABS completes landmark decarbonization and digitalization JDP with HHI and HGS

(May 13 2021)

ABS, Hyundai Heavy Industries (HHI) and Hyundai Global Service (HGS) have completed a landmark joint development project (JDP) exploring decarbonization and digitalization in the marine and offshore industries.



Poten's Weekly Opinion: Demolition Derby

(May 13 2021)

Will scrapping hold the key to the tanker market recovery?



'Mt Iba' tanker crew to leave Dubai on repatriation flights

(May 13 2021)

The crew of the abandoned merchant tanker Mt Iba are set to fly home to their families after four years stranded in the Gulf.



12 crew positive, 4 in hospital with 2 in ICU in Port-la-Nouvelle France

(May 13 2021)

Tanker FMT BERGAMA arrived at Port-la-Nouvelle from Terneuzen, Netherlands, on the evening of May 6th. Prior to arrival, the Master reported covid-like symptoms among the crew.



Why this tanker shipping depression is different from past slumps

(May 13 2021)

Shipping busts can be even more exciting than shipping booms.



Georgian national rescued in Australian port after 'jumping' from oil tanker

(May 13 2021)

Victorian police have rescued a man in Port Phillip Bay, after he was believed to have jumped from an international oil tanker.




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April-May 2021

Safety risks from digitalisation and decarbonisation - seafarer mental health - ABS advice on ballast water systems