Nordic American Tankers Limited (NAT) issued a letter to shareholders from the company’s chairman and CEO, Herbjorn Hansson, noting improved market conditions for NAT’s Suezmax tankers.In a December 10, 2013 letter to shareholders, Hansson…
BW Offshore announced that it has exercised an option to acquire the tanker Blue Opal for $83.4 million from Daewoo Shipbuilding & Marine Engineering (DSME). Blue Opal is a DSME designed and built VLCC (320,000 dwt) from 2012.BW Offshore…
IMO audit teams will shortly be established to verify construction rules for bulk carriers and oil tankers of classification societies which act as recognized organizations (ROs), following the receipt of requests for verification by the December 31…
Morten Engelstoft has been appointed CEO of Maersk Tankers with effect from January 1, 2014 following Hanne B. Sørensen’s appointment as CEO of Damco. Morten Engelstoft has also been appointed CEO of Services & Other Shipping which consists of Maersk Supply Service…
Kinder Morgan Announces Acquisition of Jones Act Shipping Tankers in U.S. for Approximately $962 Million.Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced it has entered into a definitive agreement to acquire American Petroleum…
The Tanker Structure Cooperative Forum (TSCF) has elected Hayato Suga as its next Chairman at a recent Steering Committee Meeting. Hayato Suga is the General Manager of ClassNK’s Natural Resources and Energy Department and one of ClassNK’s foremost experts on tanker vessels…
GAC Brazil has added specialist support for chemical tankers to its package of integrated services. This marks the latest milestone in the rapid growth of GAC's operations in Brazil. In the past year, it opened a third office in Santos…
The US Coast Guard (USCG) inform it has extended the comment period related to proposed new measures to reduce the risks of oil spills in oil transfer operations from or to a tank vessel.The original deadline for feedback to be submitted to the online docket via http://www…
As part of our 2013 year‐end fundraising efforts, PortSide NewYork will be running “Operation This Old Ship Kitchen,” a campaign to renovate the galley on the MARY A. WHALEN. The MARY A. WHALEN is a coastal oil tanker 172’ long, 75 years old this year…
Prices 8.13 Mln Public Share Sale at Discounted $8/Share Nordic American Tanker (NAT) opened this morning on the stock exchange down more than 10% (Down $0.85 to $8.025/share in late morning trading) after saying it has priced a 8.13 million public offering at $8 per share…
On the occasion of the World LNG Summit held in Paris on November 18-21, 2013, GTT was awarded the LNG Technological Innovation Award 2013 by CWC for its work on the development of its membrane containment systems to reduce the daily Boil-Off in LNG Carrier tanks…
Robert Bugbee, President of Scorpio has been named as the Connecticut Maritime Association (CMA) Commodore for the year 2014. The award will be presented March 19, 2014 at the conclusion of the CMA's Shipping 2014 Annual Conference and Exposition Mr…
Chemical Tanker safety comes into sharp focus in a new training course from leading maritime training provider Videotel Marine International.The newly-launched Advanced Chemical Tanker Course has been developed in conjunction with the Chemical Distribution Institute (CDI)…
Eleven years after laden tanker Prestige broke up and sank off the Spanish coast, spilling some 50,000 metric tons of oil in November 20012, the Master of the Prestige, Captain Mangouras, and the vessel’s Chief Engineer Nikolaos Argyropoulos…
The 'Nontank Vessel Response Plans and Other Response Plan Requirements' (NTVRP) final rule, which was published in the Federal Register on September 30, 2013, requires vessel owners or operators of nontank vessels 400 gross tons and above to…