All News

 

Tanker laden with Kurdish oil released

(Jan 30 2015)

A tanker loaded with Kurdish oil has left US waters following six months of legal wrangling.



TORM obtains working capital facility waiver

(Jan 30 2015)

This week, TORM received confirmation that its majority lenders have waived certain milestone events of default.



Nordic Tankers consolidates activities

(Jan 30 2015)

Nordic Tankers is to bring all of its Danish activities under one roof at its new Copenhagen head office from June of this year.



Stolt worried about parcel tanker future

(Jan 30 2015)

Stolt-Nielsen (SNI) announced a net profit of $13.1 mill for the fourth quarter of last year on revenues of $532.3 mill, compared with a net profit of $14.6 mill, with revenue of $545.4 mill, in the third quarter of 2014.



Eitzen Chemical to float as Team Tankers

(Jan 30 2015)

Eitzen Chemical has finalised its restructuring plans and will be floated as Team Tankers International on the Oslo Stock Exchange.



Frangou’s latest tanker vehicle off to a good start

(Jan 30 2015)

Angeliki Frangou’s new tanker concern, Navios Maritime Midstream Partners, has reported its financial results from 18th November through 31st December, 2014.



Economou, Euronav and Frontline Ltd to raise cash

(Jan 30 2015)

George Economou’s latest vehicle, Tankships Investment Holdings, has filed documentation with the US Securities and Exchange Commission to raise up to $100 mill in an initial public offering (IPO).



DHT in the black

(Jan 30 2015)

Bermuda-based crude oil tanker owner and operator DHT Holdings reported annual net income of $12.9 mill for 2014, compared to a loss of $4.1 mill in 2013.



IMO sub-committee approves various guidelines

(Jan 30 2015)

Revised guidance for the Inventory of Hazardous Materials, an important requirement of the Hong Kong International Convention on vessel recycling, was agreed by the IMO sub-committee on Pollution Prevention and Response (PPR), when it met for its 2nd...



DNV GL to unveil rules this year

(Jan 30 2015)

DNV GL’s harmonisation of its two sets of rules since the merger of the two class societies has become a step closer.



Markets - the rocky road ahead

(Jan 30 2015)

According to DNV GL maritime head Tor Svensen, newbuilding activity will slow down this year by around 5-10%.



Markets - A little softer

(Jan 30 2015)

In the charter market, the MEG VLCC activity for February remained slow.



BG signs up GAC

(Jan 30 2015)

Global shipping services concern, GAC has been appointed sole provider of hub agency services for the BG Group fleet worldwide.



Digitally storing c/p details

(Jan 30 2015)

Charterparty administration service, CP-Desk, part of the Marcura Group, has launched the patented CP-Vault platform.



KR addresses fuel changeover problems

(Jan 30 2015)

The Korean Register (KR) has launched a software program to assist vessels with fuel oil changeover when complying with the low sulphur regulations.




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Nov-Dec 2014 issue

Year to end on a high Quantity/quality issues In-house training 30 Ballast Water Treatment  Are we getting somewhere? OEMs ramping up



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