All News

 

Greece - business as usual?

(Jul 03 2015)

The Greek crisis will not have a direct impact on shipping companies, Morgan Stanley’s New York-based analyst Fotis Giannakoulis said in a report published earlier this week and ahead of this Sunday’s referendum.



Lim is new IMO secretary general

(Jul 03 2015)

Ki-tack Lim (Republic of Korea) is to take over the role of IMO secretary general on 1st January, 2016, for an initial term of four years.



Fredriksen to merge companies

(Jul 03 2015)

Following persistent rumours in the market, John Fredriksen has confirmed that Frontline 2012 and Frontline are to merge.



US approach to energy exports worries ICS

(Jul 03 2015)

The International Chamber of Shipping (ICS) has voiced serious concern about the potentially protectionist approach being taken by the US regarding future transport of energy exports.



Markets- Still more VLCC orders

(Jul 03 2015)

National Shipping Company of Saudi Arabia (Bahri) has contracted a further five VLCCs from Hyundai Heavy Industries.



Markets - Aframaxes to the fore

(Jul 03 2015)

In the current tanker market conditions with earnings across all sectors being high, it is hard to pinpoint the front runner.



Handymax and cruise ship collide

(Jul 03 2015)

The Handymax tanker ‘STI Pimlico’ was in collision with the cruise ship ‘Celestyal Crystal’ while the vessels were passing the north end of the Dardanelles Strait Traffic Separation Scheme last Saturday.



Skaugen exits lightering operation

(Jul 03 2015)

Gas carrier owner and operator IM Skaugen (IMSK) is to sell its 50% financial interests in the lightering joint venture SPT to Teekay Shipping Corp.



TORM files with UK’s Company House

(Jul 03 2015)

TORM’s obtaining of the creditor consents necessary to implement its restructuring plan through an English law Scheme of Arrangement was this week sanctioned by the High Court of England resulting in the sanction order being lodged with Companies Hou...



Tankers boost Stolt figures

(Jul 03 2015)

Stolt-Nielsen Limited (SNI) made a net profit of $42.5 mill in the second quarter of this year, with revenue of $500.7 mill, compared with $38.7 mill and $487.7 mill, respectively in the first quarter of 2015.



MES demonstrates first LGI engine

(Jul 03 2015)

Mitsui Engineering & Shipbuilding Co (MES) – the MAN Diesel & Turbo (MDT) licensee – recently demonstrated the liquid-gas-injection diesel engine concept in Japan.



Cambiaso & Risso opens up in Dubai

(Jul 03 2015)

Cambiaso & Risso Group has opened a Dubai subsidiary.



DNV GL unveils combined set of rules

(Jul 03 2015)

This week, more than 800 customers and stakeholders were due to receive the new combined DNV GL rules, as part of an extensive external hearing process before their publication and entry into force.



DSM to appeal patent ruling

(Jul 03 2015)

DSM is to appeal against a ruling by a judge in the Court of Milan stating that one of its patents is not valid.



Rolls-Royce completes LNG retrofit

(Jul 03 2015)

The Rolls-Royce (RR) powered small chemical/product tanker ‘Bergen Viking’ has returned to service following her conversion from diesel-electric to LNG-electric propulsion.




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