All News

 

Aframaxes - the worst performers

(May 25 2018)

The worst crude oil tanker performers thus far this year were Aframaxes trading in the North Sea, Gibson Shipbrokers said in a report.



Sulfur cap chaos coming - ICS

(May 25 2018)

The International Chamber of Shipping (ICS) has warned of ‘chaos and confusion’ unless the IMO urgently resolves some serious issues concerning the implementation of the forthcoming 0.5% sulfur in marine fuel cap.



Sulfur cap could cause c/p problems

(May 25 2018)

In another warning, North P&I said that shipowners will have some very difficult and important decisions to make on how to comply with the 1st January 2020 sulfur cap.



Furetank completes LNG bunkering in Spain

(May 25 2018)

On 19th May, 2018, the recently delivered chemical tanker, ‘Fure Vinga’, bunkered LNG for the first time in Europe.



SCF slips into the red

(May 25 2018)

PAO Sovcomflot (SCF Group) continued to increase the share of its fleet serving long-term energy projects.



Nordic Shipholding hit by falling TCEs

(May 25 2018)

Nordic Shipholding claimed that it had started the year on a positive note, as the average daily TCE rate in January, 2018 and February, 2018 for the six tankers in the fleet was about 25% higher than the average TCE rate in 4Q17.



New player orders six product tankers

(May 25 2018)

Energy trading company, Gunvor Group, has teamed up with Oceangold Tankers and Maas Capital to form ClearOcean Tankers, a new shipholding company.



Jones Act player sees positive future

(May 25 2018)

Jones Act tanker owner American Shipping Co (AMSC) has reported stable first quarter 2018 bareboat revenue of $21.6 mill.



FSL negotiates loan - completes bond issue

(May 25 2018)

FIRST Ship Lease Trust has confirmed it had received a loan offering to refinance its remaining two chemical tankers and has also completed a $7.25 mill bond issue.



IMarEST partners with Norstar subsidiaries

(May 25 2018)

The Institute of Marine Engineering, Science and Technology (IMarEST) has partnered with tanker specialists Norstar Shipmanagement in Singapore and Norstar Crew Management based in Myanmar.



AET order brings up Wärtsilä milestone

(May 25 2018)

Wärtsilä has reached the 100th order milestone for its fuel gas supply systems.



Markets - VLCC operators hit by higher bunker prices

(May 25 2018)

Another week with relatively high VLCC activity on all the major routes.



Markets - Recycling nearly at a halt

(May 25 2018)

After a bumper period of demolition sales, last week slowed down, GMS reported.



New approach needed to tackle ship piracy/robbery

(May 25 2018)

Piracy events off the Horn of Africa doubled last year, compared to 2016, indicating that Somali criminal networks are still capable of sophisticated attacks, said the Oceans Beyond Piracy (ORB) 2017 annual report.



KR releases upgraded SeaTrust-HullScan

(May 25 2018)

IACS member, Korean Register (KR) has updated its SeaTrust-HullScan software to offer much faster operating speeds and many more functions.




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Apr 2018

Denmark, tanker arbitration, ice class, oily water discharge, drone surveys