All News

 

Impairment charge hits Stolt-Nielsen

(Jul 06 2018)

Stolt-Nielsen Limited (SNI) has reported a net profit of $9.5 mill, with revenue of $541 mill for the second quarter of this year, compared with a net profit of $38.7 mill, with revenue of $515.3 mill, in the previous quarter.



Odfjell to sell Rotterdam terminal - damaged tanker goes to repair yard

(Jul 06 2018)

Odfjell Terminals (OTBV) is to sell its 100% ownership of Odfjell Terminals Rotterdam (OTR) and Odfjell Terminals Maritiem (OTM) for $155 mill net of estimated transaction costs to Dutch-based Koole Terminals.



Aegean brings in Mercuria Energy

(Jul 06 2018)

Aegean Marine Petroleum Network has signed a Memorandum of Understanding (MOU) with Mercuria Energy Group and its affiliates, one of the world’s largest independent commodities and energy groups.



More tanker owners opt for scrubbers

(Jul 06 2018)

DHT Holdings and TORM are to install exhaust gas cleaning systems (EGCS), or scrubbers, on tankers in their respective fleets.



Navios Acquisition in merger talks with Navios Midstream

(Jul 06 2018)

Tanker owner, Navios Maritime Acquisition Corp has submitted a proposal to Navios Midstream Partners’ board to acquire its publicly held units not already owned by the company in a stock for units exchange deal.



Teekay’s new vessels’ debts underwritten

(Jul 06 2018)

South Korea’s state-run KDB Bank and NH Investment & Securities have underwritten a $15 mill subordinated debt each to partially finance the $330 mill purchase of Teekay’s three new tankers.



WFW advises Okeanis Eco Tankers IPO

(Jul 06 2018)

Watson Farley & Williams (WFW) has advised Okeanis Eco Tankers Corp on the oversubscribed $100 mill IPO of its new eco-friendly $1bn bill crude tanker fleet on Oslo’s Merkur Market.



IACS continues with five-year plan under new leadership

(Jul 06 2018)

At IACS Council 77th session (C77) held in Hamburg recently, a wide ranging discussion reflected the key role IACS plays in supporting the maritime sector, the organisation said.



Embracing IoT adoption in the maritime industry

(Jul 06 2018)

Maritime software, services and data analysis provider, NAPA joined Danelec Marine, VDR, ECDIS and ship-to-shore data solutions supplier; class society ClassNK, and Inmarsat, to debate the Internet of Things’ (IoT) potential to reshape the maritime i...



Shipping industry confidence holds firm

(Jul 06 2018)

Shipping confidence held steady in the three months to end-May 2018 according to latest and 10th Confidence Survey undertaken by Moore Stephens.



Bachmann expands marine electrical courses

(Jul 06 2018)

Hampshire, UK-based Bachmann Training has recently expanded its electrical training into a series of marine electrical fault finding courses.



Markets - Good activity - soft rates

(Jul 06 2018)

Activity was reported to be very good during the past week for MEG VLCCs.



Markets - Recycling takes a step back

(Jul 06 2018)

With the summer/monsoon season in full swing across the Indian sub-continent, prices and demand have started to decline across the board for various reasons.



Seafarers cost more

(Jul 06 2018)

Seafarers cost growth has returned this year, according to a report.



Navico and C-MAP merge

(Jul 06 2018)

Egersund-based marine electronics supplier Navico and C-MAP have merged.




<<-newer older->>

June-July 2018

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