All News

 

Iran-built Aframax nears delivery

(May 17 2013)

The first Iranian-built Aframax is soon to be delivered to Venezuelan principals, an Iranian official claimed.



MRs take centre stage

(May 17 2013)

Some 86% of the tanker orders above 25,000 dwt placed in the past 16 months have been for product carriers, particularly MRs, a leading broker said.



Gas detector warning issued

(May 17 2013)

Martek Marine has warned shipping companies that they are putting themselves at risk of facing corporate manslaughter charges if they do not carry an adequate number of maintained and certified gas detectors.



Beware dealing with registered owner

(May 17 2013)

ITIC has warned about an invoicing error that led to a shipbroker being asked to foot the bill for a bunker supply amounting to more than three-quarters of a million dollars.



MAN''s G60 gets the nod

(May 17 2013)

Last month, MAN Diesel & Turbo’s latest G-type engine passed its type approval test (TAT) at HHI-EMD in South Korea, the engine and machinery division of Hyundai Heavy Industries.



Teekay opts for Telemar

(May 17 2013)

Teekay has signed a contract with Telemar (UK) for a three-year bridge electronics maintenance service, valued at around $8 mill.



Damen''s repair yard success

(May 17 2013)

Since acquiring Sobrena, Damen Shiprepair Brest has accommodated 50 vessels.



NST expands pool

(May 17 2013)

Another chemical tanker is to join the North Sea Tankers'' (NST) pool next month.



VLCC sales reported

(May 17 2013)

Both MR charter rates, tanker sales levels and demolition prices were holding firm, according to the latest broker reports.



NORDEN - a bleak first quarter

(May 17 2013)

Drybulk and tanker owner and operator NORDEN reported an EBITDA of $10 mill in the first quarter of this year, down from the $50 mill reported for 1Q12.



NAT continues in the red

(May 17 2013)

Nordic American Tankers (NAT) suffered a net loss of $32.4 mill in the first quarter of this year, compared with a loss of $32.5 mill in the previous quarter.



Aegean sees revenues decline

(May 17 2013)

Aegean Marine Petroleum Network recorded sales volumes of 2,367,077 tonnes in the first quarter of this year, while reporting a gross profit of $70.7 mill and operating income of $9.2 mill.



Diverse markets help Braemar

(May 17 2013)

Braemar Shipping Services reported increased revenue of £143.8 mill in fiscal year 2012-2013, compared with £133.5 mill in 2011-12.



UK Club reports strong renewal season

(May 17 2013)

The UK P&I Club has announced a surplus of $9.5 mill, an increase to $4.11 free reserves per gt and hybrid capital to new high of $494 mill for the financial year ending 20th February 2013.



DNV sees increase in all sectors

(May 17 2013)

DNV’s financial performance in 2012 resulted in revenues increasing by 27%, compared to 2011.



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