Grindrod, the South Africa-listed freight logistics and shipping services firm, is planning to separate and list its shipping business in order to unlock its value, the company said on Wednesday. Grindrod, which also has a financial services business…
Maersk Tankers said on Wednesday it has entered into an equity agreement with U.S. hedge fund CargoMetrics, giving it access to analytical models and algorithms to better manage its tanker operations. Maersk Tankers, a unit of shipping group A…
Crowley Marine Services said it will relocate the tugboat Veteran to the Port of Los Angeles/Long Beach to service all vessels, including large petroleum tank vessels with deep drafts greater than 65 feet calling on Long Beach Berth 121. With a bollard pull rating of over 90 short tons…
Team Tankers International Ltd. (TEAM) said that the company has agreed to sell the Tour Margaux (8,674 dwt, built 1993). The transaction closed and the ship was delivered to the buyer in July. The vessel is classified under Vessels Held for Sale as of June 30…
Emissions inventory shows 2016 was a banner year for green growth. The Port of Los Angeles achieved record clean air gains while moving more cargo than ever, according to the Port’s 2016 Inventory of Air Emissions. Released today, the annual…
NORDEN is in the process of increasing its tanker exposure. The purpose is to take advantage of the business opportunities provided by the fluctuations of the cyclical market, said a communicaion from the company. ”During the strong tanker…
Navig8 Chemical Tankers Inc, international shipping company focused on the transportation of chemicals, has entered into contracts to acquire 32 modern, fuel-efficient newbuilding chemical tankers. As of today, 31 of these vessels have been delivered and are in operation…
Oil producer Saudi Aramco has selected Chelsea Technologies Group (CTG), designer and manufacturer of sensors for the maritime sector, to provide benchmark testing for compliance with ballast water standards. This follows Saudi Aramco’s announcement…
Russia was now pitching itself as an important transporter of European gas to Asia, reports Sputnik quoting Danila Bochkarev, a senior fellow at the EastWest Institute in Brussels. The Russian supertanker Christophe de Margerie is en route to South Korea…
Given the weak freight rate outlook for LPG shipping over the next twelve months, Drewry believes there is more downside risk to the second-hand values of very large gas carriers (VLGCs), according to the latest edition of the LPG Forecaster…
U.S. Energy Information Administration (EIA)'s latest Short-Term Energy Outlook projects that the United States will export more natural gas than it imports in 2017. The U.S. has been a net exporter for three of the past four months and…
The Belgium-based crude oil tanker company Euronav has taken affirmative action in response to a weaker tanker background, said a press statement from the company. The Company has a strong balance sheet with low leverage and access to…
Italy's ENI and U.S. oil and gas firm Anadarko signed agreements with the Mozambique government on Thursday to build two liquefied natural gas terminals in the southern African country. The terminals will be built in Cabo Delgado province…
Brazil's Petroleo Brasileiro SA has been authorized to export idle liquefied natural gas (LNG) in the spot market, according to the Wednesday issue of the official gazette.According to the text, Petrobras has been given the green light to export up to 6…
Were China's commodity imports in July a continuation of the trend of robust growth, a pause from the recent strength, or early signs of a slowdown? When numbers aren't unequivocally pointing in the same direction it often becomes possible to interpret them in different ways…