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Confusion surrounds tanker sabotage off Fujairah

(May 17 2019)

Saudi Arabia has claimed that two of its tankers were targeted by what is being called a ‘sabotage attack’ off Fujairah last weekend.



US sanctions tankers trading between Venezuela and Cuba

(May 17 2019)

Late last week, the US Treasury Department announced sanctions on two companies and two tankers it claimed had delivered crude oil from Venezuela to Cuba.



Is this year going to be different?

(May 17 2019)

Following the tanker market recovery in 4Q18, most analysts expected that the beginning of 2019 would show better earnings than the comparable period of last year, Poten & Partners said in an industry note.



Largest UK maritime simulation training centre opens

(May 17 2019)

What is claimed to be the UK’s largest and most sophisticated maritime simulation centre will be officially opened by Sir Michael Bibby, President of the UK Chamber of Shipping, on 21st May, 2019.



Dispelling the myth surrounding seafarer internet access

(May 17 2019)

A new survey from the International Chamber of Shipping (ICS) and the European Community Shipowners’ Associations (ECSA) revealed that internet access for seafarers for personal use on board ships was more widespread and available than previously tho...



Frontline looks forward to second half of this year

(May 17 2019)

Frontline reported that its first quarter 2019 unaudited results showed that net income was $40 mill and adjusted net income was $45.5 mill.



SCF benefits from tanker recovery

(May 17 2019)

PAO Sovcomflot (SCF Group) reported a net profit of $70.1 mill for the fiest quarter of this year, compared to a loss of $16.1 mill for 1Q18.



Team Tankers reduces losses

(May 17 2019)

Team Tankers International reported an increased EBITDA of $14 mill for the first quarter of this year, compared with $2.8 mill in the 4Q18 and $2.5 mill in 1Q18.



Improving product tanker market boosts TORM

(May 17 2019)

Product tanker owner and operator TORM has reported a rise in EBITDA in the first quarter of 2019, which was $61.5 mill, compared with $37.3 mill in 1Q18.



Hansson enjoys strong start to the year

(May 17 2019)

Suezmax player, Nordic American Tankers (NAT) has turned in a net profit of $5.6 mill for the first quarter of this year, compared with a net loss of $10.5 mill suffered in 4Q18 and a net loss of $19.7 mill in 1Q18.



Diamond S Shipping finalises fleet integration

(May 17 2019)

For the first quarter of this year, Diamond S Shipping (DSS) reported a net loss of $1 mill and adjusted EBITDA of $30.3 mill.



Frangos’ fleet renewal process yielding positive results

(May 17 2019)

Navios Maritime Acquisition Corp has reported revenue for the three month period ended 31st March, 2019 increased by $31 mill, or 67.1%, to $77.1 mill, compared to $46.2 mill for the same period of 2018.



UK Club hit by large claims

(May 17 2019)

The UK P&I Club remained financially strong in its reporting year 2018 with free reserves of $505 mill, despite the high number of large claims incurred during the fiscal year.



Skuld reports 16th year of positive underwriting results

(May 17 2019)

Skuld has announced a positive bottom line result of $11 mill, compared to $58 mill in 2017, for its 2018 financial year ending 20th February, 2019.



Markets – Recycling – A precarious position

(May 17 2019)

The first signs of decline have started to set in on the recycling industry, ahead of the forthcoming traditionally quieter monsoon season.




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Mar 2019

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