All News


Shipping not in sustained crisis

(Jun 16 2017)

A panel of experts concluded this week that shipping was not in a sustained crisis.

Vitol steps closer to shipowning

(Jun 16 2017)

Latvian Tankers confirmed that on 14th June, 2017, JSC ‘Latvijas kugnieciba’ (LSC) received a notification from Vitol Holding, that its wholly owned subsidiary, Vitol Netherlands, had acquired a large shareholding in the company.

‘Chemroad Journey’ remains aground

(Jun 16 2017)

On 15th June, the 2009-built 33,256 dwt chemical tanker ‘Chemroad Journey’ was reported to be still aground.

Chinese refinery reformer capacity to affect product tankers

(Jun 16 2017)

New Chinese customs duty implementation on mixed aromatics (reformate), light cycle oil and bitumen blend imports has been delayed, resulting in flows resuming following a lull in April.

Shipping losses decline but ‘perfect storm’ looms - Allianz

(Jun 16 2017)

Large shipping losses have declined by 50% over the past decade, largely driven by development of shipowners’ more robust safety environment, according to Allianz Global Corporate & Specialty’s (AGCS) fifth annual Safety & Shipping Review 2017.

Markets - Firming rates not expected soon

(Jun 16 2017)

As the June MEG programme is almost finished and WAfrica/East is probably finalised up to mid-July dates, VLCC rates appear to have peaked.

USCG grants Chinese BWM system type approval

(Jun 16 2017)

China’s Sunrui Marine Environment Engineering has become the fourth ballast water management system (BWMS) manufacturer to receive US Coast Guard (USCG) type approval.

Optimarin joins global spare parts and servicing network

(Jun 16 2017)

Optimarin has signed an agreement with Goltens Green Technologies, which effectively gives the ballast water treatment system (BWTS) specialist a global network of spare parts warehousing and service engineers.

Sinochem opts for DNV GL’s ShipManager

(Jun 16 2017)

Chinese chemical tanker owner and operator, Sinochem International Logistics, is implementing DNV GL’s data fleet management system, ShipManager, across its 80 vessel fleet.

Tankers to use ABB software at Long Beach

(Jun 16 2017)

Large tankers entering the Port of Long Beach, Calif will use ABB’s software to produce real-time data on keel-to-seabed clearance.

Further consolidation in the tanker sector

(Jun 09 2017)

Tanker Investments (TIL) has confirmed that it is to merge with Teekay Tankers.

Tankers attacked

(Jun 09 2017)

EU NAVFOR has confirmed that a tanker, the 2016-built LR1 ‘NAVIG8 Providence’, came under attack by suspected armed pirates on 1st June in the Gulf of Oman- the second such incident in the space of a couple of days.

Frontline's preliminary injunction request denied

(Jun 09 2017)

On 7th June, 2017, the High Court of the Marshall Islands denied Frontline's requestt for a preliminary injunction relating to transactions contemplated by deal between DHT and BW Group to but the latter’s VLCCs.

SIRE data mining tool available

(Jun 09 2017)

SIRE has created a data mining tool for technical vessel operators, that will allow key monitoring metrics across their fleet.

Corrective actions to CSR completed

(Jun 09 2017)

IMO’s Maritime Safety Committee (MSC) has confirmed the completion of the corrective actions requested to the IACS Common Structural Rules for Bulk Carriers and Oil Tankers (CSR BC&OT).


May 2017

Markets, Norway report, Operations, anti-piracy, technology, monitoring and reporting

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