All News

 

UK navy to escort UK-flagged vessels transiting Hormuz

(Jul 26 2019)

Following Iran’s seizure of the London-registered MR ‘Stena Impero’, on Thursday, the UK government said the Royal Navy will accompany Red Ensign Group British-flagged vessels through the Strait of Hormuz.



Gibraltar extends detention of Iranian tanker for a month

(Jul 26 2019)

Late last week, Gibraltar was granted the power to detain the VLCC ‘Grace 1’ for a further month.



US sanctions Chinese company for buying Iranian crude

(Jul 26 2019)

The US has imposed sanctions on a Chinese oil trading company and its CEO for buying oil from Iran.



SQLearn signs up Prime Marine

(Jul 26 2019)

Prime Marine Management has opted for SQLearn’s e-learning system in order to enhance e-learning on board and ashore.



New Videotel VR title helps protect cargo

(Jul 26 2019)

Maritime training provider Videotel, has launched a new virtual reality (VR) training title to help ship operators avoid potential claims, due to cargo damage caused by insufficient tank cleaning on board chemical tankers.



Euronav commits to Ecochlor BWMS

(Jul 26 2019)

Ecochlor has won a contract to supply seven Euronav Suezmaesx and VLCCs with a ballast water management system (BWMS).



LSFO - arbitrage opportunities

(Jul 26 2019)

During the past few weeks, the West/East high sulfur fuel oil (HSFO) arbitrage has firmed substantially, Gibson Shipbrokers said in a report.



Markets - Recycling - Slump continues

(Jul 26 2019)

The mid-year slump witnessed across all recycling locations showed no signs of abating, GMS said in its weekly report.



Markets -

(Jul 26 2019)

The VLCC market sprung to life this week as the fixture count increased by the hour.



GulfNav’s increased loss

(Jul 26 2019)

Dubai-based shipping company, Gulf Navigation, has reported an increase in its net loss during the first half of 2019, despite revenue increasing.



Radical de-carbonisation implications for shipping - study

(Jul 19 2019)

The de-carbonisation of global energy supplies to address climate change will have radical implications for the global shipping industry, said a new report.



IMO condemns Middle East tanker attacks

(Jul 19 2019)

The IMO Council has condemned recent attacks on commercial shipping in the Strait of Hormuz and Sea of Oman at its meeting in London held this week.



Tanker markets not affected by world tensions yet

(Jul 19 2019)

Global tensions have had limited impact on the tanker market thus far, according to a Poten & Partners note.



Extended OPEC production cuts and falling Iranian exports threaten tanker market

(Jul 19 2019)

The oil market has been highly volatile in 2019 on account of uncertain supply.



Markets – Recycling - Steel plate prices continue to fall

(Jul 19 2019)

The recycling markets remained stuck in the doldrums last week, as local steel plate prices declined across all sub-continent markets.




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May 2019

Nor-Shipping - ballast - remote surveys