All News

 

DHT buys BW VLCC fleet

(Mar 24 2017)

BW Group and DHT Holdings have jointly announced the latter’s acquisition of the former’s 11 VLCCs, plus two newbuildings, due for delivery in 2018.



Shipping confidence steady

(Mar 24 2017)

Shipping confidence held steady in the three months to end-February 2017, according to the latest survey, published by Moore Stephens.



RMI and Liberia vie for second flag spot

(Mar 24 2017)

The Republic of the Marshall Islands (RMI) fleet now stands at 223,262,177 dwt, making it the second largest registry in the world in terms of deadweight tonnage, claimed International Registries and its affiliates (IRI).



Capital Ship Management gains MRV assessment from LRQA

(Mar 24 2017)

On 7th March, Capital Ship Management completed the first accredited assessment of the company’s MRV monitoring plan on the Handysize tanker ‘Alkiviadis’.



International Seaways MRs join pool

(Mar 24 2017)

Three International Seaways, formerly Overseas Shipholding Group (OSG), MRs have joined the Navig8 MR Tanker Pool.



SCF results mirror tanker rate downturn

(Mar 24 2017)

PAO Sovcomflot (SCF) has reported a fall in annual gross revenue to $1,388.1 mill last year, compared with $1,483 mill for 2015 and a net profit of $206.8 mill, compared with 2015’s figure of $354.5 mill.



New vessels help TEN to higher revenues

(Mar 24 2017)

Tsakos Energy Navigation (TEN) generated net income of $11.9 mill in the fourth quarter of 2016.



Hafnia hit by declining spot rates

(Mar 24 2017)

Hafnia Tankers has reported a 2016 operating profit of $34.4 mill, compared with $77.1 mill for 2015 and a profit of $12 mill ($59.6 mill for 2015).



Bunker quantity disputes still causing problems

(Mar 24 2017)

Responding to reports of problems encountered while using mass flow meters (MFM) while bunkering in Singapore, North P&I said that their introduction was a welcome development.



New carriage requirements for IBC code products

(Mar 24 2017)

In the March, 2017 edition of DNV GL’s Technical & Regulatory news bulletin, the class society gave an update about the proposed changes specific to chemical tankers leading to a revision in the IBC code product list.



Asia’s product deficit to drive long haul shipments

(Mar 24 2017)

The most relevant news for product tankers in the recently published IEA medium term oil market report was the take on product balances, broken down into light (gasoline/naphtha), middle (gasoil/kerosene) and heavy distillates (fuel oil).



Markets - VLCC rates below breakeven levels

(Mar 24 2017)

The lack of cargoes and growing tonnage lists has gradually depleted VLCC earnings.



Tanker assets and the PE formula

(Mar 24 2017)

Equity investors rely upon metrics and ratios to help gauge the relative attractiveness of company shares.



Software to ease Panama Canal transits

(Mar 24 2017)

Quintiq’s software has been selected by the Panama Canal Authority (ACP) to plan, schedule and optimise all vessels transits through the canal.



Palantir joins Marlink stable

(Mar 24 2017)

Marlink has acquired Palantir, a Norway-based maritime IT company specialising in remote IT management solutions.




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March 2017

Top 30 shipowners - US report - shipmanagement - product + chemical carriers - technology



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