All News

 

Kurdish Suezmax cargoes mystery

(Aug 01 2014)

The Suezmax‘United Kalavrvta’, loaded with 1 mill barrels of Kurdish crude valued at more than $100 mill, was still at anchor 60 miles off Galveston, Texas, at the time of writing, while lawyers argued over the legality of her cargo.



Suezmax trading patterns changing

(Aug 01 2014)

The demise of the West Africa/US market, following the rapid increase in domestic US oil production, has had major implications for Suezmaxes.



MTM orders four VLCCs

(Aug 01 2014)

Daewoo Shipbuilding & Marine Engineering (DSME) has won a contract to build four VLCCs for Maran Tankers Management.



Ardmore goes into the black

(Aug 01 2014)

Ardmore Shipping Corp reported an EBITDA of $5 mill for the second quarter of this year, an increase of $2.4 mill from $2.6 mill reported for 2Q13.



STI suffers slight loss

(Aug 01 2014)

Scorpio Tankers (STI) reported a net loss of $0.6 mill for the second quarter of this year.



IHS invests in specialist tankers

(Aug 01 2014)

US-based International Shipholding Corp (ISH) reported a net loss of $664,000 for the three months ended 30th June, 2014, compared to a net income of $1.9 mill in 2Q13, which included a non-cash operating gain of $1.8 mill.



Dorian jointly establishes VLGC pool

(Aug 01 2014)

Dorian LPG has entered into an agreement with Phoenix Tankers, a 100% subsidiary of Mitsui OSK Lines, to establish a VLGC pool.



Oceanfile further enhances its tanker software program

(Aug 01 2014)

Only two months since its last major upgrade, Oceanfile Marine has enhanced its tanker management, vetting/inspection and risk management programme with the release of Version 5.



Braemar and ACM complete merger

(Aug 01 2014)

Braemar Shipping Services completed its merger with ACM Shipping Group earlier this week.



Trøim leaves Seatankers

(Aug 01 2014)

John Fredriksen’s right hand man, Tor Olav Trøim, has to stepped down from the Seatankers Group, effective 31st July, 2014.



Castillero defects to Liberia

(Aug 01 2014)

Alfonso Castillero, former director general of the Panama Registry, has joined the Liberian Registry as vice president



ClassNK and MES to research cbm

(Aug 01 2014)

ClassNK is to participate in a joint project with Mitsui Engineering & Shipbuilding (MES) and MES Technoservice. to support research into the development of condition-based engine monitoring systems for Mitsui MAN B&W engines.



Recycling insurance introduced

(Aug 01 2014)

Eagle Ocean Marine, a fixed-premium P&I facility operated as a joint venture between a number of Lloyd’s syndicates and the American Club, has launched a dedicated programme for the insurance of vessels on demolition/recycling voyages.



Holman Fenwick & Willan (HFW) has been re-appointed to BP's niche legal panel.

(Aug 01 2014)

As a result, HFW is now undertaking integrated supply & trading and shipping work.



Hyde teams up with Goltens

(Aug 01 2014)

Hyde Marine has signed an agreement with Goltens Green Technologies division to help shipowners fit its patented chemical free Hyde GUARDIAN Gold ballast water treatment system (BWTS) on board their vessels.




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