All News

 

First laden VLCC leaves LOOP

(Feb 23 2018)

Louisiana Offshore Oil Port (LOOP) has completed its first VLCC crude oil loading operation at its deepwater offshore facility, located 18 miles off Port Fourchon (La).



Tanker markets under huge pressure

(Feb 23 2018)

Loss-making freight rates across the board highlight the issues that the tanker industry is currently battling - overcapacity, weak trading demand and weak OPEC output.



Suezmaxes to bounce back?

(Feb 23 2018)

Crude tanker earnings across all sectors were challenged in 2017, not least the Suezmax sector, which saw a net fleet growth of 45 units during the year.



Contaminated chemical cargo warning

(Feb 23 2018)

The UK P&I Club has issued a warning about contaminated chemical cargoes.



Two SCF LNG-fuelled Aframaxes fixed to Shell

(Feb 23 2018)

The SCF Group has signed timecharter contracts with Shell for two dual-fuelled newbuilding Aframaxes for up to 10 years per vessel with a minimum commitment of five years.



Markets - No change this week

(Feb 23 2018)

A quiet week was seen in the VLCC market.



Recycling - Pakistan tanker re-opening becoming closer?

(Feb 23 2018)

Last week, on the back of a meeting between the Pakistan Ship Breakers Association (PSBA) and local authorities, ongoing rumours about Pakistan re-opening its yards for tankers within the next month began to further intensify.



Knutsen extends Marlink agreement

(Feb 23 2018)

Norwegian tanker and gas carrier owner, Knutsen, has extended its contract with Marlink.



Teekay sees signs of recovery despite losses

(Feb 23 2018)

Teekay Corp has reported a consolidated GAAP net loss $13.7 mill and consolidated adjusted net loss of $9.5 mill for the fourth quarter of 2017.



StealthGas turns the corner...

(Feb 23 2018)

LPG carrier and tanker owner StealthGas has reported revenues of $38.4 mill in the fourth quarter of last year, an increase of 2.4% compared to 4Q16.



KNOP benefits from increased revenues

(Feb 23 2018)

KNOT Offshore Partners reported revenues of $61.6 mill, operating income of $25 mill and net income of $18.6 mill for the fourth quarter of last year.



Goltens teams up with Yara

(Feb 23 2018)

Goltens and Yara Marine Technologies have entered into a non-exclusive engineering and installation pact for Yara’s SOx scrubber systems.



RIMS wins another class approval

(Feb 23 2018)

RIMS (Robotics In Maintenance Strategies) has gained a further class approval from Korean Register of Shipping (KRS) for the use of remote inspection techniques (drones) during surveys of enclosed spaces.



Pump condition monitoring software launched

(Feb 23 2018)

Oslo-based software company, Arundo Analytics, has introduced a pumping system condition & performance monitoring application (CPM).



Trelleborg highlights fender quality

(Feb 23 2018)

Trelleborg’s marine systems operation has published a white paper, highlighting the impact of the manufacturing process on the performance, safety, and longevity of pneumatic fenders.




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Jan Feb 2018

Markets, Middle East, commercial operations, ballast water, Tanker Operator Hamburg report