All News


Euronav gives fourth quarter warning - confirms VLCC purchases

(Aug 26 2016)

During a board meeting held on 24th August, 2016, Euronav’s directors confirmed the purchase of two VLCCs while also approving the final condensed consolidated financial statements for the period ended 30th June, 2016.

Suezmax undertakes first tanker transit of new Panama locks

(Aug 26 2016)

Mjolner Shipping has confirmed that the 2016-built Suezmax ‘Aegean Unity’ has completed a transit of the new Panama Canal and thus claimed to become the first crude oil tanker to go through the new locks.

SCF consolidates technical management structure

(Aug 26 2016)

SCF Group has consolidated its technical management subsidiaries looking after the Group’s fleet of 142 vessels into a new single governance structure.

Italian engineers guilty of pollution

(Aug 19 2016)

Two d’Amico employed engineers have admitted that they deliberately concealed their vessel's discharge of oily waste into the sea, according to a report from the US Attorney’s Office for the District of New Jersey.

US shale oil revolution far from over- Gibson

(Aug 19 2016)

US shale production is still declining despite efficiency gains made, a recent report said.

NCC secures chemical tankers funding

(Aug 19 2016)

In a statement to the Saudi Stock Exchange (Tadawul), National Shipping Company of Saudi Arabia (Bahri) reported that its subsidiary, National Chemical Carriers (NCC), has arranged Shari’ah-compliant loan facilities totalling $133.2 mill.

Palmali calls in RS

(Aug 19 2016)

The Russian Maritime Register of Shipping (RS) and Palmali Shipping have signed a series of five-year agreements.

Team Tankers hit by weaker chem tanker market

(Aug 19 2016)

Team Tankers International reported EBITDA for the second quarter of this year of $9.7 mill, compared with $14.2 mill in the 1Q16 and $16.9 mill in 2Q15.

NORDEN suffers from weakening markets

(Aug 19 2016)

Danish drybulk and tanker owner NORDEN has reported an adjusted result for the second quarter of 2016 of a negative $4 mill, compared with a positive $29 mill for 2Q15.

TORM sees lower earnings

(Aug 19 2016)

Danish products tanker owner TORM reported an EBITDA for the second quarter of 2016 of $56.6 mill, compared with $75.3 mill for the same period of 2015.

Navios suffers revenue drop

(Aug 19 2016)

Navios Maritime Acquisition Corp saw a revenue decrease for the three month period ended 30th June, 2016 of $5.9 mill or 7.4% to $74.5 mill, compared to $80.4 mill for the same period of 2015.

Pyxis benefits from long term charters

(Aug 19 2016)

Pyxis Tankers reported TCE revenues of $7 mill for the three months ended June 30, 2016, which resulted in net income of $0.4 mill and EBITDA of $2.6 mill.

Bareboat charters stimulate AMSC

(Aug 19 2016)

American Shipping Co (AMSC) reported exactly the same operating revenues for the second quarters of 2016 and 2015 of $21.9 mill, respectively.

Markets- Middle East refinery increase to hit tanker prospects

(Aug 19 2016)

A steep rise in refinery capacity in the Middle East will diminish oil trade growth and with it prospects for tanker shipping, according to the latest edition of ‘Tanker Forecaster’, published by shipping consultancy Drewry.

Palfinger pulls out of TTS acquisition

(Aug 19 2016)

Palfinger Marine has withdrawn from its planned acquisition of TTS Group.


May 2016

Latest from OCIMF''s director Andrew Cassels, fleet growth data, new ECDIS standards, expanded Panama Canal

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