All News

 

ICS encouraged with progress on low sulfur cap issues

(Jul 20 2018)

The International Chamber of Shipping (ICS) has expressed encouragement at efforts made by IMO to resolve some pressing practical challenges ahead of the global 0.5% sulfur cap, due to be implemented on 1st January, 2020.



Chinese tariffs to hit US oil exports?

(Jul 20 2018)

As the tariff war between the US and China escalates, the latest commodity to be implicated in a possible ‘tit for tat’ retaliation is China’s purchase of US crude.



Stena Bulk champions Suezmax pool

(Jul 20 2018)

During the last six months, Stena Bulk has expanded its presence in the Sonangol Suezmax pool by adding six vessels.



Shipping losses fall continues - other threats prevail

(Jul 20 2018)

Large shipping losses have declined by more than a third (38%) over the past decade, according to Allianz Global Corporate & Specialty (AGCS) Safety & Shipping Review 2018.



Cargo hose failure leads to oil spill

(Jul 20 2018)

UK P&I Club’s senior loss prevention executive, David Nichol, has commented on the lessons learnt from a recent incident involving the failure of a cargo hose, which resulted in an oil spill.



Do changes in trade flows impact the tanker market?

(Jul 20 2018)

Poten & Partner’s weekly opinion piece recently looked at nearly five years of crude oil trade data (2014 –2018) to see if any interesting trends or developments could be seen.



Offshore Texas crude export terminal planned

(Jul 20 2018)

Plans are in hand to develop an offshore crude oil export terminal off the US Texas Gulf Coast.



STI in yet another sale and leaseback deal

(Jul 20 2018)

Scorpio Tankers (STI) has announced another sale and leaseback deal this time involving six MRs and one LR2.



Markets - Quiet conditions continue

(Jul 20 2018)

Another quiet week for VLCCs.



Markets - Recycling crisis on the sub-continent

(Jul 20 2018)

Indian local steel plate prices plummeted even further last week, as the recent ongoing losses accumulated to form a full blown crisis.



Liberia adapts to new ship finance environment

(Jul 20 2018)

The Republic of Liberia has amended its maritime law to allow lease financing structures to be recorded as mortgages.



Wärtsilä’s order intake increases

(Jul 20 2018)

Wärtsilä has reported that order intake increased 14% to €1,553 mill in the second quarter of this year and by 10% to €3,060 mill in the first six months of 2018.



DNV GL releases new online reporting tool

(Jul 20 2018)

DNV GL has introduced a combined reporting and verification online tool as a result of the European Union (EU) and IMO having introduced regulations, which require ship operators to gather and report their vessels’ fuel consumption.



Seagull introduces English tests

(Jul 20 2018)

Training specialist, Seagull Maritime is now offering an English Reading and Listening Test that can be run as an extra add-on feature in the company’s Crew Evaluation Systems (CES).



Fixed premium P&I facility enjoys successful year

(Jul 20 2018)

Eagle Ocean Marine (EOM), the American Club’s fixed premium P&I and FD&D facility, has completed another year of steady growth and solid profitability.




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June-July 2018

Norway report, anti-piracy, ballast water, emissions, Tanker Operator Athens report