All News

 

NITC rejoins INTERTANKO

(Feb 12 2016)

NITC has rejoined INTERTANKO as a full member, provided that the company can meet the association’s membership criteria.



European refiners look to Iran

(Feb 12 2016)

In 2015, Iran’s total crude oil production was just over 3.1 mill barrels per day of which only 43% was exported.



Another tank cleaning fatality

(Feb 12 2016)

One crew member died and two were hospitalised after they inhaled poisonous fumes while cleaning cargo tanks on board the 7,704 dwt Palmali-managed 2007-built chemical tanker ‘Araz River’ on 5th February.



States urged to ratify HNS compensation package

(Feb 12 2016)

The IMO, together with the International Oil Pollution Compensation Funds (IOPC Funds) and the International Tanker Owners Pollution Federation (ITOPF), is urging member states to ratify and implement a compensation treaty covering the transport of h...



Major flag states show positive indicators

(Feb 12 2016)

There is an impressive number of positive indicators being achieved by flag states used by the vast majority of ship operators, the International Chamber of Shipping (ICS) claimed.



Maersk Tankers posts best result for several years

(Feb 12 2016)

Maersk Tankers has reported an underlying result of $156 mill, compared with $138 mill in 2014.



Frangou’s tanker vehicle shows increased returns

(Feb 12 2016)

Navios Maritime Acquisition Corp announced that net income for the fourth quarter of last year was $20.1 mill and $89.7 mill for the full year, compared to $27 mill and $13 mill for the respective periods of 2014.



Odfjell are still in the red

(Feb 12 2016)

Odfjell has reported a significant improvement in the group’s underlying performance in 2015 with $100 mill in annual savings achieved.



Navig8 subsidiaries in profit

(Feb 12 2016)

Navig8 Chemical Tankers has reported revenue of $35.3 mill and net income of $9.1 mill for the three months ended 31st December, 2015.



Ardmore in another debt refinancing package

(Feb 12 2016)

Ardmore Shipping Corp has announced a further debt refinancing project, which brought the total amount of debt refinanced since the start of 2016 to $408 mill.



NAT- vessel earnings over three times opex

(Feb 12 2016)

Nordic American Tankers (NAT) reported an operating cash flow of $57.2 mill for the fourth quarter of last year, a rise of 16% compared with the previous quarter.



Shipping business boosts MISC earnings

(Feb 12 2016)

Petronas subsidiary MISC Bhd’s earnings rose by 11.9% to RM2.46 bill in the financial year ended 31st December, 2015, compared with RM2.04 bill in 2014.



Large tanker deliveries to cause concern

(Feb 12 2016)

Six VLCC deliveries this year, indicated that 2016 is off to a flying start when it comes to delivering VLCCs from South Korean and Chinese shipyards, BIMCO said in a tanker market analysis.



External factors affects market

(Feb 12 2016)

Chartering activity in the VLCC market dwindled as expected this week, due to the Chinese New Year and IP week in London.



Marshall Islands registry’s growth expansion

(Feb 12 2016)

Last year, the Marshall Islands (RMI) registry reached over 128 mill gt.




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November December 2015

Gibraltar Port, new ideas on managing the human element, Limitations of human performance ballast weater treatment - Using waste heat recovery to reduce fuel consumption Using air lubrication Complying with Tier III NOx limits Overcoming the ca.....

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