Greek ship management company Almi Tankers S.A. is set to establish itself as a market front runner with the new ultralong-stroke G-type engine tailor-made for Very Large Crude Carriers.Athens-based ship management company Almi Tankers S…
Crude Carriers Corp. (NYSE: CRU) announced that, at a special meeting of Crude shareholders held today in Piraeus, Greece, its shareholders have approved the proposal to adopt the merger agreement dated May 5, 2011 providing for theacquisition of Crude by Capital Product Partners L…
According to a report on www.UPI.com, an oil tanker left the Libyan port of Mellitah and was headed to Cyprus without loading its cargo.With Libya now in the hands of a new government, oil companies are coming in with high expectations, as…
VT Halter Marine, Inc. (VT Halter Marine), a subsidiary of VT Systems, Inc. (VT Systems), today announced the delivery of Endurance, the second 8,000 hp Articulated Tug Barge (ATB) tug to Overseas Shipholding Group, Inc.This is part of a…
In the first half of 2011, seaborne container traffic between Hamburg and Poland experienced a particular surge by 38 per cent, to 114,000 TEU. In this context, imports and exports from/to Poland are very well balanced at 56,000 TEU and 58…
Nordic American Tankers Ltd. Letter to Shareholders From the Chairman and CEO - NAT Is Different.Dear Shareholder,It is time to update you on recent developments in the Company and our industry. As we have stated before, it is at times…
Designed to deliver petroleum products on the U.S. West Coast, the vessel is designed with safer, more efficient fixed-tank cleaning system. Crowley Maritime Corporation's Vision/650-10, the last of 10 Articulated Tug Barges (ATBs) in the 650-series new-build program…
As the world economy sputters, so too do the expansion plans for India's state-owned Shipping Corporation of India (SCI), which according to a report on the www.business-standard.com will hold up on its plan to issue new tenders for new vessels…
Veson Nautical, a provider of maritime commercial management and trading software solutions, today announced that Dampskibsselskabet NORDEN A/S (NASDAQ OMX Copenhagen A/S: DNORD), one of the oldest and most respected listed shipping companies in the world…
FPSO OSX-1, the first floating production, storage and offloading vessel in OSX’s fleet, has concluded its conversion in Singapore and set sail for Brazil. The journey is estimated to take 40 to 50 days.The FPSO OSX-1 is commissioned to produce the first oil for itsclient OGX…
The second quarter of 2011 saw slightly improved time charter equivalent (TCE) revenue resulting in improved results compared to the first quarter 2011, and led to an impoved H1 2011 EBITDA compared with H1 2010. EBITDA in Q2 2011 was $4.8 million…
According to a Reuters report, a chemical oil tanker thwarted a hijack attempt by pirates near the Omani port of Salalah Sunday, a day after a tanker and crew were taken from inside the port in front of the coast guard.According to reports cited in the Reuters story…
Industry and product experts will deliver thought leading perspectives for the shipyard.Cambridge, UK - 23 August 2011: AVEVA (LSE:AVV), a leader in engineering design and information management solutions for the plant, power and marine industries…
Concordia Maritime has now completed the upgrade of two of its P-MAX tankers to chemical class III, so-called IMO III classification. This means that the vessels are now also able to transport vegetable oils, in addition to refined petroleum products and crude oil…
Crude Carriers Corp. (NYSE: CRU), today reported its financial results for the second quarter of 2011. The Company reported a net loss for the quarter of $7.5 million or $0.48 per share, which compares with a $0.37 net income per share from the second quarter of 2010…