Tsakos Energy Navigation Limited (TEN) charters out ice-class aframax product tanker 'Propontiss', & sells two oldest vessels.The company announce the charter of its 2008-built 1A ice-class aframax product tanker Propontis to Northern European end-users for two years…
Belgium's Euronav reported a net loss of US$ 31-million in its Q4 2012 financial report.The result of the fourth quarter is affected positively by the revaluation at marked-to-market levels of non cash items (unrealized) such as hedge instruments on interest rates for a total of US$ 600…
Nordic American Tankers Ltd. is considering expanding its fleet by ordering new vessels or buying second-hand.The company's Board of Directors has declared a dividend of $0.16 for the fourth quarter of 2012. They are assessing expansion…
The crew aboard Crowley Maritime Corporation’s articulated tug-barge (ATB) Achievement/650-8 recently performed a heroic rescue of an injured man who was struggling to stay afloat near the base of the Sunshine Skyway Bridge in Tampa Bay, Fla…
Kirby Corporation To Announce 2012 Fourth Quarter And Year Results On January 30, 2013, With Conference Call On January 31, 2013. Kirby Corporation ('Kirby') (NYSE:KEX) will announce its 2012 fourth quarter and year results at 5:00 p.m. central time on Wednesday…
Overseas Reymar cleared to sail; Coast Guard Calls on Harbor Safety Committee to review Critical Maneuvering Areas; investigation continues. The U.S. Coast Guard has completed interviews, evidence collection, and a thorough safety inspection…
Deltamarin Ltd to design five 38,000 deadweight ton (dwt) stainless steel parcel chemical tankers for Stolt Nielsen subsidiary.The contract, with Stolt Nielsen Ship Finance Ltd, a subsidiary of Stolt-Nielsen Limited, is for the tankships to be built at Hudong-Zhonghua Shipbuilding (Group) Co…
Mitsui O.S.K. Lines, Ltd. (MOL) plan to install a ballast water treatment system on an in-service very large crude oil carrier (VLCC).This will be the first such onboard system installed by any Japanese shipowner on an existing VLCC. The company…
NTSB investigating allision between oil tanker and San Francisco-Oakland Bay Bridge. The National Transportation Safety Board today announced it is investigating an allision Monday between the oil tanker Overseas Reymar and one of the supports of the San Francisco-Oakland Bay Bridge…
Robert Barker is promoted to Senior Vice President and Chief Information Officer, Ingram Barge Company.“Robert has been managing operations, budgets, and varied technological projects of the Information Services group since joining Ingram in 2010…
In his New Year message, Mitsui O.S.K. Lines President Muto predicts loss in 2013 of same magnitude as last year, suggests new business model.Excerpts from Mr. Muto's message follow:'The marine transport industry has faced a challenging…
BP Plc confirms an order for 13 of the vessels, 2012’s largest tankship shipbuilding order.According to information obtained by Bloomberg the order, placed with Changwon, South Korea's STX Offshore & Shipbuilding Company, includes three Suezmax ships…
Effective Shutdown of Nation’s Busiest Water Transportation Artery Looms Between Early- to Mid-January. The American Waterways Operators (AWO) and Waterways Council, Inc. (WCI) have released revised data on the economic impact of an effective…
Low freight rates and a challenging market are concerns for ship managers as they begin 2013. A survey of members of InterManager, the international trade association for the ship and crew management industry, has identified the main concerns affecting the industry as it begins the New Year…
The very large crude oil carrier (VLCC) 'Takamatsu Maru' has arrived at the Kawasaki refinery of TonenGeneral Sekiyu K.K.The 158,000 dwt tankship was chartered by TonenGeneral Sekiyu K.K. from NYK Lines, after the company purchased virtually all of Exxon Mobil Corporation’s Japan business…
