All News

 

Mega tanker concern takes shape

(Feb 27 2015)

General Maritime Corp (GenMar) and Navig8 Crude Tankers confirmed on Wednesday that they have entered into a definitive agreement to create Gener8 Maritime.



Parakou Tankers to change hands

(Feb 27 2015)

Cambridge Capital Acquisition Corp is buy Parakou Tankers.



VLCC crew released

(Feb 27 2015)

Two Greek crew members and a Pakistani seafarer, taken hostage three weeks ago off the Nigerian coast in an attack on the VLCC ‘Kalamos’ , have been freed.



Tanker adrift in Bosporus

(Feb 27 2015)

A possible catastrophe was averted when tugs managed to tow the crippled Marshall Islands-flagged Handysize tanker ‘King Edward’ to Istanbul’s Yenikapi port.



Markets - China syndrome

(Feb 27 2015)

For a long time, China has harboured ambitions to move 85% of its crude imports on Chinese controlled ships, which could have resulted in orders for up to 80 VLCCs.



P&I renewal season comes to an end

(Feb 27 2015)

Several P&I clubs have reported results of the renewal season which ended on 20th February.



Markets - Indian storage terminal boost

(Feb 27 2015)

In a boost to Indian product tanker markets, Gulf Petrochem Group has commissioned the first phase of its liquid cargo storage terminal at Pipavav Port.



Team Tankers to list in Oslo

(Feb 27 2015)

Team Tankers International, formerly Eitzen Chemical, has applied for listing of its shares on Oslo Bors, or alternatively Oslo Axess.



Impairment charge hits Algoma

(Feb 27 2015)

Canadian drybulk and tanker owner Algoma Central Corp reported revenues for the fourth quarter of 2014 of $149,662, compared to $148,864 for the same period in 2013.



Japan to up Iranian crude insurance

(Feb 27 2015)

Japan is expected to increase its maximum insurance cover for tankers carrying Iranian crude in fiscal 2015-16 (April-March), due to an increase by the International Group of P&I Clubs and a weakening of the yen against the US dollar, Platts reported...



FSL returns to full year revenue growth

(Feb 27 2015)

FSL Trust Management Pte. Ltd. (“FSLTM”), as trustee manager of First Ship Lease Trust reported a much improved performance for the fourth quarter and the financial year 2014.



Ship Finance benefits from Frontline help

(Feb 27 2015)

Ship Finance International reported total US GAAP operating revenues on a consolidated basis of $88.7 mill in the fourth quarter of 2014.



Frontline Ltd remains in the red

(Feb 27 2015)

Frontline Ltd reported a net loss of $13 mill for the fourth quarter of 2014, compared to a loss of $59.6 mill in 3Q14.



Frontline 2012 exits drybulk- to concentrate on tankers

(Feb 27 2015)

On 15th September, 2014, Frontline 2012 closed the first stage of the transaction with Knightsbridge Shipping.



Bigger fleet helps StealthGas to higher revenues

(Feb 27 2015)

LPG carrier owner Stealthgas reported 2014 revenues of $132 mill, an increase of $10.5 mill, or 8.6%, compared to revenues of $121.5 mill for 2013.




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Jan- Feb 2015

Features: Refinery growth Flag states on regs STS issues debated NORDEN’s new MRs Rudder protection Enclosed space dangers



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