One of the most common areas of bulk oil cargo claims is cargo contamination which occurs during the transfer of bulk liquid cargoes, says Captain Paul D. Hall, Director, London Offshore Consultants, IUMI Professional Partner, LOC Group. Cargo…
Nordic American Tankers Ltd. (NYSE:NAT) entered into a 30 months charter contract with a subsidiary of ExxonMobil (EM) for one of the NAT suezmaxes. The firm period is 18 months with an option of further 12 months. The gross revenue from the contract of 30 months is about $25 million…
Specialist liquefied natural gas (LNG) training and simulation provider GTT Training has been awarded a contract by Teekay Shipping to supply the G-Sim LNG simulator software into its training centers in Glasgow, Manila and Bahrain. The…
The Nigeria Liquefied Natural Gas Limited (NLNG) will this month receive the last of the six new vessels it bought for the transportation of liquefied natural gas (LNG) to various parts of the world, says a report in The Nation. Five of…
South Korean shipyard Sungdong Shipbuilding & Marine Engineering Co. (Sungdong) has won an order from Greece’s Tsakos Energy Navigation (TEN) for two 74,000 deadweight tonnage (DWT) crude-oil carriers with an option for two more.TEN has already ordered three tankers from Sungdong…
DNV GL has initiated a joint industry project for the design of a state-of-the-art next generation LPG carrier. LPGreen aims is to develop a more energy efficient, environmentally friendly, and safer vessel for the transportation of LPG products…
On receiving the distress call motor tanker MV Infinity I around 20 nautical miles from Goa on Wednesday evening, the Indian Coast Guard (ICG) salvaged the vessel, its cargo and rescued 14 crew by dispatching ships from Goa. MV Infinity…
Workers at Elengy's three liquified natural gas (LNG) terminals in France have voted to stage two 24-hour strikes on Thursday and next Tuesday as part of nationwide protests against a labour reform bill, a CGT union official said on Wednesday…
Thirumurthy Kamatchi, captain of the Malta-flagged oil product tanker Godavari Spirit, noticed that plastic water bottles onboard were increasing day by day. In order to properly dispose of the waste, bottles needed to be stored onboard until the vessel’s next docking…
China's largest shipping company by fleet size China COSCO Shipping Co has officially launched COSCO Shipping Energy Transportation Co in Shanghai on Monday, creating the world's largest oil tanker fleet in terms of both ship numbers and deadweight tonnage…
Frontline Ltd. ('Frontline'), today announces the formation of Suezmax Chartering, a commercial joint venture with Diamond S. Shipping LLC and Euronav NV. The aim of the joint venture is to create a single point of contact for cargo owners to access a large fleet of 43 modern Suezmax vessels…
TORM’s leadership philosophy is the basis for its focused marine recruitment and human resources strategy. Rich in history, forward-thinking in its approach, the firm leverages both as it comes together in One TORM. Simon Frank is Vice President and Head of Global Marine HR in TORM A/S…
The Port of Palm Beach District is proud to announce that Fitch Ratings has revised the Rating Outlook on approximately $9.72 million of outstanding Port of Palm Beach District port revenue bonds, series 2005, from Stable to Positive. The report…
Höegh LNG Partners LP in their Preliminary Financial Results for the Quarter Ended March 31, 2016 reported a net loss of $1.0 million for the first quarter of 2016 compared to operating income of $5.0 million and net income of $2.6 million for the first quarter of 2015…
The Great Eastern Shipping Company Ltd. (G E Shipping) delivered its 1999 built Aframax Crude Carrier “Jag Laxmi” to the buyers. The vessel was contracted for sale in April 2016. The Company’s current fleet (excluding “Jag Laxmi”) stands at 31 vessels…