All News

 

IOPC updates ongoing tanker incidents

(Nov 08 2019)

At last month’s meeting of the International Oil Pollution Compensation Funds (IOPC) at the IMO, information was provided to the 1992 Fund Executive Committee on all open incidents involving the IOPC Funds.



US to resurrect defence tanker agreement

(Nov 08 2019)

The US Maritime Administration (MARAD) is to resurrect the Voluntary Tanker Agreement (VTA).



Frangou increases revenue but suffers loss

(Nov 08 2019)

Navios Maritime Acquisition Corp saw an increase in revenue of $17.4 mill to $59 mill during the third quarter of this year, compared to $41.6 mill recorded for the same period of 2018.



NORDEN narrows losses

(Nov 08 2019)

Drybulk and tanker operator, NORDEN reported a negative adjusted result of $4 mill for the third quarter of this year, down from a negative $12 mill recorded for 3Q18.



STI in the red - negotiating scrubber financing

(Nov 08 2019)

For the three months ended 30th September, 2019, Scorpio Tankers (STI) suffered an adjusted net loss of $44.8 mill and a net loss of $45.3 mill.



Ardmore narrows losses - bullish on MR future

(Nov 08 2019)

Ardmore Shipping Corp suffered a GAAP net loss (and net loss from continuing operations) of $5.7 mill for the three months ended 30th September, 2019, compared to a GAAP net loss of $12.2 mill, 3Q18.



FSL in the black for third quarter running

(Nov 08 2019)

FSL Trust Management, as trustee manager of First Ship Lease Trust achieved a third consecutive profitable quarter in 3Q19, with a net profit of $1.6 mill - a turnaround compared to a $2 mill net loss suffered in the same period last year.



Odfjell - market on firmer footing

(Nov 08 2019)

Odfjell’s third quarter results reflected a chemical tanker market impacted by seasonally lower volumes that were also affected by geopolitical tensions towards the end of the quarter.



TNT enjoys higher earnings

(Nov 08 2019)

Croatian tanker owner and operator Tankerska Next Generation (TNT) posted improved earnings for the third quarter of 2019.



Ullman sees momentum ahead

(Nov 08 2019)

Concordia Maritime reported total income of SEK259.2 mill for the third quarter of this year and SEK822.6 mill for the first nine months of 2019.



INSW’s losses decrease in firming market

(Nov 08 2019)

International Seaways (INSW) recorded a net loss for the third quarter of $11.1 mill, compared to a net loss of $47.8 mill in the third quarter of 2018.



Gard - Underwriting and investment deliver surplus

(Nov 08 2019)

Insurance and P&I service provider Gard has reported a result after tax of $65 mill for the period ending 20th August, 2019.



UK Club to increase rates

(Nov 08 2019)

The UK P&I Club is to raise its mutual rates by 7.5% at the 2020 renewal.



Markets - Recycling - Negative territory

(Nov 08 2019)

The rot seemed to have well and truly set in once again last week.



Markets - Slow week with softening rates

(Nov 08 2019)

The VLCC market has been surprisingly slow this week, with only the odd cargo being drip-fed into the market with all areas correspondingly inactive.




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Jul-Aug 19

Greece, alarm fatigue, Fujairah explosions, scrubbers, tank cleaning