All News


Ballast Water Convention on the brink - US warning

(Nov 27 2015)

As a result of Indonesia signing up to the Ballast Water Management Convention (BWMC) this week, the IMO has announced that the convention will enter into force worldwide from 24th November, 2016, providing certain criteria are met.

New OPA 90 liability limits

(Nov 27 2015)

The US has increased the liability limits under OPA90.

Shipping gears up for climate change conference

(Nov 27 2015)

The United Nations (UNFCCC) has published a Synthesis Report analysing the impact of the pledges made by 146 nations to reduce CO2 emissions ahead of next week’s Paris Climate Change Conference.

Corruption addressed

(Nov 27 2015)

BIMCO has launched an anti-corruption clause to be inserted in charterparties.

Two NORDEN MRs come under attack

(Nov 27 2015)

Two new NORDEN MRs were reportedly among 13 ships that came under attack in Asia last month.

Ardmore expands into Singapore

(Nov 27 2015)

Ardmore Shipping has opened an office in Singapore. Celio Wakamatsu has joined the Ardmore team as chartering manager and Retno Muninggar as voyage manager, both based in the new office.

Markets - Product tankers - where next?

(Nov 27 2015)

Rates for MRs operating West of Suez plummeted during the third quarter of this year, only to bounce back at the time of writing (20th November).

Markets - VLCCs see healthy December cargo volumes

(Nov 27 2015)

VLCC activity has sharply increased in the past week or so, but rates remained flat.

Nordic Shipholding turns the corner

(Nov 27 2015)

Higher average TCE rates from the vessels deployed in Handytankers Pool, higher TCE income earned by the LR1 ‘Nordic Anne’, as well as lower vessel operating expenses, contributed to Nordic Shipholding’s better performance in the nine months of 2015.

Stealthgas hits record revenues despite soft market

(Nov 27 2015)

Harry Vafias’ Stealthgas reported that revenues for the first nine months of this year surpassed $100 mill for the first time in the company’s history and that the assets had passed $1 bill mark in value - also a record.

Soon to be merged Frederiksen vehicles post improved results

(Nov 27 2015)

Ahead of their proposed merger, Frontline and Frontline 2012 have released impressive results for the third quarter and first nine months of this year.

American Club invokes 2.5% premium increase

(Nov 27 2015)

At a meeting in New York on 20th November, the American Club’s board agreed to levy a general premium increase of 2.5% for P&I cover, but no rise in the cost of FD & D for the 2016 policy year.

EASTMED partners with Marlink

(Nov 27 2015)

Greek-based Eastern Mediterranean Maritime (EASTMED) is to install Marlink’s global VSAT communication solution with L-band back-up on 20 tankers and bulkers

Pusnes deck machinery specified for tankers and gas carriers

(Nov 27 2015)

MacGregor, part of Cargotec, has won orders for Pusnes deck machinery packages for several tanker and gas carrier newbuildings.

PwC focuses on shipping sustainability

(Nov 27 2015)

PwC Greece has formed a team of specialists to focus on sustainability in the shipping industry.


Tanker Operator Oct 2015

FLEET REVIEW - first six months tanker fleet additions/deletions SHIPBREAKING - the call to ban beaching when ship recycling/scrapping has divided opinion among many of those parties involved SCRUBBERS - Carl Buettner recently made the decisi.....

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