The ICC reported that shipowners are facing new dangers from criminal gangs making spurious oil fraud claims. The “victims”/fraudsters try to extort money from owners by bringing action against them for failing to deliver cargoes of oil they allegedly own…
The U.S. Shale Gas Revolution continues to drive orders for some of the world’s largest, most sophisticated tonnage.Mitsubishi Heavy Industries, Ltd. (MHI) received an order from Astomos Energy Corporation for a very large liquefied petroleum gas (LPG) carrier…
The LNG sector is for the first time offering inducements to experienced LNG seafaring officers to come ashore and manage their ships according to international recruitment agency Faststream. The move comes as the shipping industry seeks…
Every 18 months, Gastech is held for the stakeholders involved in the field of natural gas, providing an opportunity to meet energy professionals from all around the globe. For the seventh consecutive time, GTT will be present with a booth at the 2014 edition of Gastech in Seoul…
Transas Marine launched its new liquid cargo handling simulator LCHS 5000 TechSim LNG which reportedly is the first one in the market to boast ship-to-ship transfer functionality. The new Transas LCHS 5000 TechSim product line includes simulators for LNG tanker…
IACS member classification society the Korean Register (KR) informs of the release of SeaTrust-HullScan, its ground-breaking software solution to analyze and appraise a vessel’s hull structure in accordance with the new harmonized common structural rules (CSR-H)…
Heidmar announced that Olivier Faurisson will join the company as Managing Director of Chartering and Marketing in the product sector. Faurisson has experience in product chartering and pool building. He rose to the title of General Manager…
Energy. We start 2014 with great energy and optimism for a robust and prosperous year in this, the most international of all businesses. That enthusiasm, however, should be tempered with the knowledge of what is in store for maritime stakeholders in terms of regulatory…
Global classification society ClassNK announced that ClassNK has classed its first United States-flagged ship.The vessel, newly named MT SLNC PAX, owned by Schuyler Line Navigation Company, LLC (SLNC), is classified as an oil tanker and chemical tanker with IMO type II & III…
A new study by Lloyds Register and University College, London, discusses the prospects of marine fuels in 'Global Marine Fuel Trends 2030', giving insights into future fuel demand for the containership, bulk carrier/general cargo and tanker…
Goldman Sachs' head of oil and agricultural trading, Karl Robijns, is retiring from the firm, an internal memo seen by Reuters showed.London-based Robijns, who first joined Goldman as an oil trader in 1998, has headed the bank's global oil…
Company agrees to pay $1.2 million penalty; $300,000, will fund Long Island Sound projects.Singapore-based Odfjell Asia II Pte Ltd and one of its senior crew members pleaded guilty yesterday in federal court in Hartford, Conn., for violating the Act to Prevent Pollution from Ships (APPS)…
No very large crude carriers (VLCCs) will load from Britain's Hound Point oil terminal in May and June due to planned maintenance, a spokeswoman for operator BP said on Tuesday.Last week traders reported hearing that Hound Point's Jetty 1 would undergo fender and integrity work in May and June…
Fifty days on, the maximum bending moment for the chemical carrier Maritime Maisie exceeds estimated damage strength limits. The ship will be in danger of breaking up if subjected either to worsening weather or a long ocean towLloyd’s Register’s…
Marine transport advisors McQuilling Services explain in a tanker industry note that timing is everything in a volatile tanker market.McQuilling explain that on the outset, one might not directly see a similarity between Valentine’s Day and the tanker market…
