Crude oil tanker company DHT Holdings rejected on Sunday a fifth takeover proposal from shipping tycoon John Fredriksen's Frontline. A statement from DHT Holdings said that its Board of Directors has unanimously rejected Frontline April…
d'Amico International Shipping believes that the supply-demand balance in the product tanker freight market is improving. The key drivers that should affect the product tanker freight markets are (i) global oil supply (ii) the crude oil…
FSL Trust Management (FSLTM), as trustee-manager of First Ship Lease Trust (FSL Trust), reported a net profit of $3.4 million for the three months ended March 31, 2017, compared to $2.3 million reported in 1QFY16. This positive result was achieved despite challenging industry conditions and a 17…
Brazil's trade surplus rose to $6.969 billion last month, government data showed on Monday, a record for a month of April as prices for main exports such as soy, iron ore and oil rose. Exports totaled $17.686 billion and imports $10.717 billion…
Russia’s biggest tanker operator will launch four new vessels in 2018 that will run on liquefied natural gas (LNG), Bloomberg reported. Sovcomflot’s Aframax ships, capable of carrying 600,000 barrels of oil through the Baltic Sea to the port of Rotterdam…
Euronav NV CEO Paddy Rodgers said that the company's financial results for Q1 was a confirmation of our thesis: short term challenges but a positive medium structure building for the tanker sector. On the positive side demand for crude oil remains robust…
Nexiot AG is customizing its zero-maintenance smart sensor system for Bertschi Group’s tank containers, to monitor the temperature of dangerous goods and help ensure safe delivery of consignments. The data is then sent to a control system…
The U.S. Department of Energy announced that it has signed an order authorizing Golden Pass Products LLC to export domestically produced liquefied natural gas (LNG) to countries that do not have a free trade agreement (FTA) with the United States…
In a meeting in Manila on April 18, OSM signed a joint venture agreement with “K” Line’s crewing agency Ventis to provide Filipino crew to “K” Line’s entire fleet of liquefied natural gas (LNG) carriers. “Today marks a significant milestone in the relationship between ‘K’ Line group and OSM…
OCIMF and CDI release new information paper Linked Ship/Shore Emergency Shutdown Systems for Oil and Chemical Transfers. The information paper, jointly released by CDI and OCIMF on April 21 recommends an Emergency Shutdown (ESD) connection that will link ship and terminal ESD systems…
Concordia Maritime has signed a contract for the chartering of two IMO2/3 class MR tankers. This a joint chartering arrangement with Stena Weco, and Concordia Maritime’s share amounts to 50 percent. The contract is for one year, and the charters run from June and July 2017…
MISC Berhad has chosen eMaritime Group's ACAT online courses as its ECDIS type specific continuous personal development training solution. The agreement has enabled MISC to sign up its entire fleet of liquefied natural gas (LNG) carriers while…
The Wison-LNG-Distributor (LNGD) is a new multi-functional carrier with scalable capacity between 5000 to 20,000 cu. m. Wison-LNGD integrates the functions of LNG loading, bunkering and container delivery, which could make regional LNG redistribution more affordable and efficient…
SCF Group's Sovcomflot sees bright future for LNG-fuelled vessels in the tanker industry. 'LNG is a promising fuel for large-capacity vessels, which will significantly increase their environmental compatibility and efficiency,' says the company…
The mining and commodities trading house run by billionaire Ivan Glasenberg, Glencore, has sold a 51 percent stake in its oil products storage business to China’s HNA Innovation Finance Group, the company said. The Transaction is subject…