All News

 

Strait of Hormuz - Shipowners call for restraint

(Aug 02 2019)

Following the seizure of the ‘Stena Impero’ on 19th July, the International Chamber of Shipping (ICS), the European Community Shipowners' Associations (ECSA) and the Asian Shipowners' Association (ASA) urged immediate action to stop the escalation of...



MEG tensions - muted affect on tanker markets

(Aug 02 2019)

The current state of affairs between the UK and Iran has sparked tales of the Suez Crisis and the Gulf War, so why has there been minimal impact on freight rates and crude prices?



Johan Sverdrup - a game changer for North Sea crude exports

(Aug 02 2019)

More Atlantic Basin crude has been flowing East in recent years, dominated by the growth in US crude oil production and exports.



PSCs to address emergency systems and procedures

(Aug 02 2019)

The Paris and Tokyo MOUs’ latest Concentrated Inspection Campaign (CIC) will be aimed at emergency systems and procedures and will start on 1st September, 2019.



Two tankers pass methanol milestone

(Aug 02 2019)

Swedish shipmanagement company, Marinvest, has confirmed that the MRs ‘Mari Jone’ and ‘Mari Boyle’, have each passed 10,000 operating hours using methanol as a fuel.



ABB to enhance SCF’s safety with remote diagnostics support

(Aug 02 2019)

ABB has won a contract to supply ABB Ability™ remote diagnostic systems to 11 Sovcomflot (SCF) vessels operating in the Arctic and Russia’s Far East.



Shipping industry comments on Panama Canal toll rise proposal

(Aug 02 2019)

The Panama Canal Authority (ACP) is conducting a public consultation on its proposal to adjust the canal tolls for all types of vessels.



Markets - Recycling - No Change

(Aug 02 2019)

Markets across the sub-continent continued to endure their rough ride.



Markets - Not going anywhere

(Aug 02 2019)

Although the long term optimism remained strong, the VLCC market continued to tread water in the past week, with little or no upward traction.



Ardmore expects product tanker demand to rise

(Aug 02 2019)

Ardmore Shipping Corp has reported a net loss of $3.4 mill for the three months ended 30th June, 2019, compared to a net loss of $8.2 mill for 2Q18.



Teekay Corp still suffering

(Aug 02 2019)

Teekay Corp has reported a GAAP net loss of $39.5 mill and an adjusted net loss of $13.4 mill for the second quarter of this year.



Teekay Tankers remains in the red

(Aug 02 2019)

Teekay Tankers has reported a GAAP net loss of $14.3 mill, and an adjusted net loss of $12.1 mill in the second quarter of 2019.



Teekay Offshore narrows losses

(Aug 02 2019)

Recently spun-off, Teekay Offshore Partners reported revenues of $319.8 mill and net loss of $28 mill, for the second quarter of this year.



STI going in the right direction

(Aug 02 2019)

Scorpio Tankers (STI) reported a loss of $29.7 mill for the second quarter of this year.



IRClass receives Cypriot RO authorisation

(Aug 02 2019)

Class society, Indian Register of Shipping (IRClass), has signed a Recognised Organisation (RO) agreement with the Republic of Cyprus.




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May 2019

Nor-Shipping - ballast - remote surveys