All News

 

Environmental policies likely to effect tanker trades

(Feb 24 2017)

Two major regulatory changes in maritime operations are fast approaching, warned McQuilling Services in an industry note.



Greek MR engineer guilty of pollution cover-up

(Feb 24 2017)

An MR’s Chief Engineer (CE) was this week found guilty in a US Federal Court of falsifying the ship's oil record book to cover up illegal pollution discharges.



ICS warns IMO on CO2 reduction strategy

(Feb 24 2017)

The International Chamber of Shipping (ICS) chairman, Esben Poulsson, has set out what the industry would like the IMO to achieve as part of its CO2 reduction strategy for the shipping sector.



Odfjell to add 25 vessels

(Feb 24 2017)

Odfjell posted its 4Q16 report last week with revenues coming in as expected, Norne Research said in a note.



What next for MRs?

(Feb 24 2017)

Since early last year, the developments in the MR segment (25,000 - 55,000 dwt) have been disappointing.



Markets - VLCC pressure mounting

(Feb 24 2017)

The pressure on VLCC owners mounted as the week progressed. Rates softened at a steady pace.



Offshore drags Teekay further into the red

(Feb 24 2017)

Teekay Corp has reported a consolidated GAAP net loss of $2.7 mill and a consolidated adjusted net loss of $18.6 mill, for the fourth quarter of 2016.



TIL suffers from lower spot rates

(Feb 24 2017)

In the fourth quarter of last year, Tanker Investments (TIL) total revenues fell to $32.5 mill from $70.2 mill recorded in 4Q15.



GulfNav ends spat with banks

(Feb 24 2017)

Gulf Navigation Holding (GulfNav) has confirmed that the company has reached a full and final settlement with DVB Bank, BNP Paribas, and DNB Bank (VLCC syndicates).



FSL suffers lower revenue and impairment charges

(Feb 24 2017)

FSL Trust Management (FSLTM), as trustee-manager of First Ship Lease Trust, reported lower revenue of $23.2 mill for the fourth quarter of last year and $98.1 mill for the full year.



StealthGas weathers the storm

(Feb 24 2017)

LPG and tanker owner StealthGas reported revenues for the three months ended 31st December, 2016 totalled $37.5 mill, a slight increase of $0.1 mill, compared to revenues of $37.4 mill for 4Q15, despite the net addition of one vessel and increased fl...



Iraq to acquire large tanker fleet

(Feb 24 2017)

Iraq plans to acquire a “large fleet” of oil tankers to transport its crude to global markets, Oil Minister Jabar al-Luaibi said in a statement, according to Reuters.



STOPIA and TOPIA amended

(Feb 24 2017)

The International Group of P&I Clubs (IG) initiated a review of the Small Tanker Oil Pollution Indemnification Agreement (STOPIA) and the Tanker Oil Pollution Indemnification Agreement (TOPIA) at the beginning of last year.



Lilly Maritime gets ISO 9001

(Feb 24 2017)

Lilly Maritime has been awarded ISO 9001.



P&I Club renewal season

(Feb 24 2017)

‘Tanker Operator’ has received news from some IG member P&I Clubs regarding how they fared in the recent renewals, post 20th February.




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