All News


Frontline seeks Marshall Islands intervention in DHT merger spat

(Apr 28 2017)

In the latest twist to the Frontline Ltd/DHT merger saga, Frontline Ltd has abandoned its complaint against DHT filed in the Supreme Court of the State of New York on 18th April, 2017 in favour of a suit in the High Court of the Marshall Islands.

Italian product tanker on fire in Alexandria

(Apr 28 2017)

At the time of going to press, reports were coming in that the Italian Handysize product tanker ‘Rinella M’ had caught fire at Alexandria, Egypt.

Saudi ports Worldscale changes from May

(Apr 28 2017)

Worldscale rates for loading at Ras Tanura, Juaymah and Ras Al Khafji and the Saudi Arabian Fixed Rate Differential have been revised.

FKAB tanker design short listed for award

(Apr 28 2017)

For Nor-Shipping’s Next Generation Award, four vessels were short listed.

China refinery quota changes could impact on tanker markets

(Apr 28 2017)

According to data provided by Reuters, China’s crude oil imports and refinery processing reached new highs in the first quarter of this year.

Markets - VLCCs softer - more newbuildings reported

(Apr 28 2017)

VLCC rates softened this week from MEG and also ex W Africa and Americas to East. Tonnage became more ample on generally thinner cargo volumes, Fearnleys reported.

Navios Midstream suffers revenue fall

(Apr 28 2017)

Angeliki Frangou’s VLCC vehicle, Navios Maritime Midstream Partners, reported a revenue decrease for the first quarter of this year.

Euronav’s profits slashed

(Apr 28 2017)

Belgian tanker owner Euronav has reported a first quarter 2017 net profit of $34.3 mill, compared with $113.5 mill in 1Q16.

STI goes into the red

(Apr 28 2017)

For the three months up to 31st March, 2017, Scorpio Tankers (STI) posted a net loss of $11.5 mill, compared to an adjusted net income of $30.5 mill and net income of $28 mill for 1Q16.

Lower rates impact on Concordia’s figures

(Apr 28 2017)

Concordia Maritime has reported a drop in total income for the first quarter of this year and for 2016 coming in at SEK224.9 mill and SEK1,038 mill, compared with SEK264 mill in 1Q16 and SEK1,087 mill in 2015.

Wärtsilä’s first quarter orders and sales increase

(Apr 28 2017)

Wärtsilä Corp reported an overall order intake increase of 11% to €1,413 mill in the first quarter of this year, compared with €1,271 mill recorded during 1Q16.

Drew Marine to join WSS

(Apr 28 2017)

Wilhelmsen has agreed to acquire Drew Marine’s technical solutions business.

Ernst Russ Maritime Management (ERMM) combines maritime services under one roof

(Apr 28 2017)

Hamburg-based Ernst Russ is combining its fund and asset management services – which were previously provided by different Group companies – for all maritime investments under the banner of Ernst Russ Maritime Management GmbH & Co.

Crewing agency joins Green Award

(Apr 28 2017)

Philippines-based crewing agency, Magsaysay Maritime Corporation (MMC) has joined the Green Award incentive provider network.

SSA to help Singapore become a maritime centre

(Apr 28 2017)

The key focus of this year’s Maritime Singapore was the continued strengthening of efforts to raise the bar as a major Asian and international maritime centre.


April 2017

Law, Greece report, commercial operations, manning + training, anti-piracy, technology, Copenhagen conference report

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