All News

 

Maersk Tankers finds a new home

(Sep 22 2017)

AP Moller - Maersk (APM) has agreed to sell Maersk Tankers to family-owned APMH Invest, a subsidiary of AP Moller Holding, for $1,171 mill in cash.



‘Seatrout’ refloated after collision

(Sep 22 2017)

Six tugs were able to refloat German Tanker Shipping’s 40,600 dwt products tanker ‘Seatrout’ at high tide on the River Scheldt on Wednesday, following a collision.



Long term charters keep TEN in the black

(Sep 22 2017)

TEN’s net income in the first six months of 2017 was $21.1 mill after taking into account $10.5 mill in preferred stock dividends. Operating income was $49.1 mill.



STI drops further into the red

(Sep 22 2017)

For the second quarter of this year, Scorpio Tankers (STI) reported an adjusted net loss of $17 mill and a net loss of $68.3 mill.



Fujairah-based service company aims high

(Sep 22 2017)

Fujairah National Shipping (FNS) has launched an ambitious plan to challenge network rivals in the Middle East Gulf.



IUMI President warns of marine underwriting shake up

(Sep 22 2017)

At the annual International Union of Marine Insurance (IUMI) conference held this week in Tokyo, President Dieter Berg predicted a shake-up in the marine insurance sector, driven by the current environment of disruption.



VLCCs- bearish Winter outlook

(Sep 22 2017)

VLCC freight rates have fallen to year-to-date lows in recent weeks, as this tanker sector remains awash with tonnage, despite growing demand for cargo shipments.



Rumours of North Sea demise exaggerated

(Sep 22 2017)

North Sea oil producers have been somewhat revitalised thus far in 2017, a shipbroker’s report said.



Bunker updates

(Sep 22 2017)

Augusta Energy has opened a bunkering desk for supplies of marine fuels offshore West and East Africa.



IMS purchases OceanSaver assets

(Sep 22 2017)

On 20th September, IMS group signed an agreement with the OceanSaver Trustee to acquire all intellectual property, certificates and assets after the ballast water treatment system manufacturer filed for bankruptcy a week earlier.



Tanker investment fund launched

(Sep 22 2017)

Mjolner Shipping Holdings has announced the closing of an oil tanker-focused investment fund via Mjolner Solutions, a Marshall Islands company.



Alang to benefit from loan

(Sep 22 2017)

The Indian Government has signed a $76 mill loan agreement for a project to upgrade the environment management plan at Alang-Sosiya ship recycling yards.



Markets - VLCC supply ample

(Sep 22 2017)

The VLCC market ended last week on a quiet note, except for Caribs/East.



NYK Group and Dualog start IoT programme with NTT

(Sep 22 2017)

The NYK Group (NYK and MTI) plus its Norwegian partner, Dualog, has entered into a collaborative agreement with the NTT Group (Nippon Telegraph and Telephone Corp, NTT DATA Corp), on a proof-of-concept experiment for an on board IoT platform



Q88VMS integrates with ClearLynx

(Sep 22 2017)

Q88 has completed an integration programme with bunker procurement platform, ClearLynx.




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June-July 2017

Market comment, technology, ballast water, Athens conference report



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