Saudi Arabia's National Shipping Company of Saudi Arabia (BAHRI) & National Chemical Carriers Company Ltd. (NCC) ink long term charter deal.The National Shipping Company of Saudi Arabia (BAHRI) announces that its 80% owned subsidiary The National Chemical Carriers Company Ltd…
A surplus of tankships seeking Persian Gulf cargoes curbs earlier charter rate increases.There are 20 percent more very large crude carriers for hire over the next 30 days than there are cargoes, according to the median estimate of seven shipbrokers and owners (TANKER) surveyed by Bloomberg News…
Subj: ALTERNATE PRESSURE RELIEF VALVE SETTINGS ON VESSELS CARRYING LIQUEFIED GASES IN BULK IN INDEPENDENT TYPE B AND TYPE C TANKS. Ref: (a) International Code for the Construction and Equipment of Ships Carrying LiquefiedGases in Bulk…
Scorpio Tankers sign letter of intent with Hyundai Mipo Dockyard for two tankships.New York-listed Scorpio Tankers has signed a letter of intent with Korea's Hyundai Mipo Dockyard for two additional fuel-efficient newbuild vessels at a purchase price of $34…
National Chemical Carriers receive new chemical tanker 'NCC Najeem' from the SHINAsb Shipyard in S. Korea.National Chemical Carriers Ltd. Co. (NCC) of Saudi Arabia, a subsidiary of The National Shipping Company of Saudi Arabia (BAHRI) announce…
Losses widen for oil tankers hauling 2-million barrel crude cargoes on the industry's benchmark routeAccording to Bloomberg, VLCC's on the Saudi Arabia-to-Japan voyage are losing $5,529 a day, according to data accessed by Bloomberg from the Baltic Exchange in London…
Much has been heard, said and read regarding the advent of Slow Steaming in the global maritime industry. But in reality, how prevalent is the practice? MAN PrimeServ set out recently to find some answers.Being a market leader with the lion’s…
Asia-bound fuel-oil cargoes from Western countries in August rise to 3.44-million tonsFuel-oil shipments to Asia from Western countries for August delivery rose from a week earlier to 3.44 million metric tons, according to vessel-charter data and information from traders compiled by Bloomberg…
Wärtsilä's RT-flex common rail engine technology provides environmental benefits including low fuel consumption and reductions in exhaust emissions. The engine waste heat is utilized to produce onboard electricity. These features help maintaining…
As the Kingdom of Bahrain gears up to host the 2012 World Maritime Day Parallel Event in October under the theme “IMO: 100 years after the Titanic”, maritime safety and protection of the environment has always been the top priority for the General…
The U.S. Treasury Department yesterday said the United States is imposing additional sanctions on Iran’s nuclear and ballistic missile proliferation networks, and is also taking additional steps to prevent the evasion of sanctions by publicly identifying a group of Iranian front companies and banks…
As shipyards around the world struggle for business, Stena Bulk and Concordia Maritime confirmed an order of up to 10 in-house designed chemical tankers. The ships will be built at Guangzhou Shipyard International (GSI) in China with deliveries beginning from spring 2014…
The General Organization of Sea Ports (GOP) said that the Liberian vessel -- MV Stolt Valor -- was granted permission to take refuge in Bahrain’s waters. The operation to move the tanker to the Arab Shipbuilding and Repair Yard (ASRY) began early on Tuesday June 26…
Concordia Maritime signed a contract with Guangzhou Shipbuilding International (GSI), China for the delivery of two chemical parcel tankers of approx. 50,000 dwt at the end of 2014/beginning of 2015. The investment amounts to around $78.6m and…
Wison Offshore & Marine Announces Award for construction of World’s First Floating LNG Liquefaction Unit.Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced today the successful award of a contract by the Exmar group for engineering…