All News

 

Crude carrier supply pressures ease

(Oct 17 2014)

The next 12 months will be the brightest for crude oil tankers, as the pressure from the supply side remains low.



VLCC consolidation- a good thing

(Oct 17 2014)

The recent announcement of the joint venture between Frontline and Tankers International (TI) took the tanker market by surprise.



Markets--A subdued early October

(Oct 17 2014)

The Drewry All Earnings Index, which covers the main bulk shipping markets, fell 25% in September to stand at 115 points, according to the recent ‘Shipping Insight’ report published by the shipping consultancy.



Euronav pulls IPO- lessens losses

(Oct 17 2014)

Belgian tanker owner Euronav has postponed its planned initial public offering (IPO) in the US.



New Worldscale rates to reflect ECAs

(Oct 17 2014)

The Worldscale Association (WSA) has announced new bunker prices and fixed rate differentials for 2015.



ICS expresses concern over IOPCF wind up threat

(Oct 17 2014)

The smooth running of the global regime for compensation from oil pollution from ships may be under serious threat, due to a decision by governments to wind up the 1971 International Oil Pollution Compensation Fund (IOPCF).



Two more sign up to BWM Convention

(Oct 17 2014)

Turkey and Japan have brought the ratification of the Ballast Water Management (BWM) Convention 2004 closer by depositing their instruments of accession with the IMO recently.



InterManager’s Borromeo elected for a second term

(Oct 17 2014)

Gerardo Borromeo has been re-elected InterManager president for a second term.



Goodwood to take on more tankers

(Oct 17 2014)

Singapore-based Goodwood Ship Management is set to increase its managed fleet to more than 10 mill dwt.



Two more sign up to STS service

(Oct 17 2014)

TMS Tankers and Optimum Ship Services have signed up to DYMAMARINe’s onlineSTS.net service.



Vafias marches on

(Oct 17 2014)

Over the last four months, StealthGas, a member of the Vafias group, has taken delivery of five newbuilding eco gas carriers from three Japanese shipyards.



Teekay tanker conversion

(Oct 17 2014)

Sembcorp Marine subsidiary Jurong Shipyard has won a $696 mill contract to convert the 130,596 dwt, 1995-built shuttle tanker’ Navion Norvegia’ into an FPSO.



Product tanker remains aground in the Amazon

(Oct 17 2014)

A salvage operation was still ongoing at press time to refloat a Seychelles-owned product tanker, which ran aground in Amazon River in Brazil on 8th October.



Wärtsilä systems for world’s largest VLECs

(Oct 17 2014)

Six newbuilding 87,000 cu m capacity very large ethane carriers (VLECs), under construction at Samsung, will feature Wärtsilä gas handling systems.



Intellian tests Global Xpress terminals at sea

(Oct 17 2014)

Intellian, an Inmarsat terminal manufacturing partner, has run its first, fully live system test at sea on the Inmarsat Global Xpress (GX) network.




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