All News

 

VeriFuel calls for cooperation and transparency ahead of 2020

(Feb 11 2019)

Bureau Veritas (BV) subsidiary VeriFuel has urged the marine bunker sector, upstream supply chain, and fuel testing organisations, to embrace a new culture.



New fleet performance management offering created

(Feb 11 2019)

StormGeo and DNV GL have signed an agreement to consolidate their fleet performance solutions under one banner.



Euronav’s Rodgers to call it a day

(Feb 11 2019)

One of the more vocal leaders in the tanker sector, Euronav’s Paddy Rodgers is to step down from his role as CEO this year after 18 years in the job.



EU Adopts Proposal to Harmonize MRV with IMO’s System

(Feb 11 2019)

On 4th February, 2019, the European Commission (EC) adopted a proposal to revise the EU system for monitoring, reporting and verification (EU MRV) of CO2 emissions from shipping.



African exports hit by increasing US crude production

(Feb 11 2019)

The African oil industry has seen significant changes in recent years, as one of the primary export markets, the US, has ramped up oil production and, as a result, has reduced imports from Africa dramatically.



Global oil demand growth to slow - McQuilling

(Feb 11 2019)

In 2018, global tonne/mile demand to transport crude and residual fuels increased by 1.9%, supported by a 1.4% increase in VLCCs, which accounted for 63% of the total demand for dirty tankers.



Texas COLT to build crude export facility

(Feb 11 2019)

Texas COLT has submitted an application to the US Maritime Administration (MARAD) to construct and operate a deepwater crude oil export port located off the coast of Freeport, Texas.



Greece remains top in shipping asset value

(Feb 11 2019)

According to the annual research undertaken by VesselsValue, the Greek fleet has increased its total value by over $5 bill in just 12 months.



Markets - Tonnage build up impacting on rates

(Feb 11 2019)

VLCCs remained active particularly in the run up to the Lunar New Year, Fearnleys reported.



Markets- Recycling- vessels head for Bangladesh

(Feb 11 2019)

The week before the Chinese New Yea finally brought some semblance of stability to a ship recycling market that seemed to be in freefall during the previous month.



NYMEX to list tanker FFAs

(Feb 11 2019)

The New York Mercantile Exchange (NYMEX) is to list two dirty freight futures or Forward Freight Agreements (FFAs).



FSL Trust secures bridging loan

(Feb 11 2019)

FSL Trust Management, as trustee-manager of First Ship Lease Trust has secured a $25 mill bridging loan from its sponsor to be used for tanker acquisitions.



Navios Maritime acquisition sees improved tanker rates

(Feb 11 2019)

Navios Maritime Acquisition Corp has reported an increase in revenue for the three month period ended December 31, 2018 of $8.4 mill, or 16.7%, to $58.7 mill, compared to $50.3 mill for the same period in 2017.



Ardmore bullish going forward

(Feb 11 2019)

Ardmore Shipping Corp reported a net loss from continuing operations of $8.8 mill for the three months ended 31st December, 2018, compared to a net loss of $3.8 mill for 3Q17.



DHT sees better days

(Feb 11 2019)

Crude oil tanker owner, DHT Holdings has returned to profit in the fourth quarter of 2018, on the back of rising revenues.




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