Chevron Shipping Company president Mark Ross has been appointed as chairman of the Oil Companies International Marine Forum (OCIMF). The OCIMF Annual General Meeting voted on Tuesday to support the Executive Committee’s appointment of Ross…
Saudi Arabian maritime transport and logistics company Bahri has appointed Abdullah Aldubaikhi as its new chief executive office. Aldubaikhi’s appointment, which takes effect January 1, 2018, comes as the company gears for a new phase of expansion following several months of growth…
Pat Donnelly, of Braemar ACM-GFI, has been elected as Chairman of the Tanker FFA Brokers Association. He replaces Ben Courtney of ICAP Energy who has chaired the group, which represents the worldwide community of tanker Forward Freight Agreement (FFA) brokers…
After a rigorous selection process, tanker shipping company EURONAV has chosen the SERTICA Fleet Management System by Danish software and engineering company Logimatic. EURONAV, which operates some of the world’s largest tanker vessels,…
On 8 December 2017, the icebreaking LNG carrier Christophe de Margerie completed her first loading at the Port of Sabetta, on the Yamal Peninsular, with her first cargo of liquefied natural gas (LNG) produced at the Yamal LNG plant. The…
State-owned China Energy Reserve and Chemicals Group (CERCG) on Monday said it is investigating whether to ship liquefied natural gas (LNG) from Western Australia to the gas-hungry east coast market. The Chinese integrated energy firm, which runs oil and gas projects…
Dalian Shipbuilding Industry Co. Ltd. (DSIC) has received Approval in Principle (AiP) certificates from classification society DNV GL for a new shuttle tanker and a column stabilized crane unit designs. The certificates were handed over at the Marintec China trade fair in Shanghai…
Pyxis Tankers Inc. said it has entered into a definitive securities purchase agreement with a group of investors, which will result in gross proceeds to Pyxis Tankers of $4.8 million, before deducting placement offering expenses. The company will issue 2…
DNV GL has been supporting Dana Petroleum on the development of the Western Isles field and the Western Isles floating production storage and offloading (FPSO) vessel as it progressed towards first oil, which was achieved earlier this month…
The technology group Wärtsilä is introducing its Voyage Emissions Reduction (VER) system as a means for increasing oil tanker revenues, while also significantly aiding the environment through reduced emissions. The system effectively eliminates…
Ocean Yield ASA has agreed to acquire three suezmax crude tankers with 10-year bareboat charters to Nordic American Tankers Limited (NAT). The net purchase price is USD 43.2 million per vessel after seller's credit. The net purchase price constitutes 77…
d’Amico International Shipping (DIS) announces that its operating subsidiary d’Amico Tankers signed a memorandum of agreement for the sale of MT High Presence, a 48,700 dwt medium-range product tanker vessel, built in 2005 by Imabari Shipbuilding (Japan) for a consideration of US$ 14…
Russia's Novatek said on Tuesday it had signed a memorandum of understanding with Japan's Marubeni and Mitsui O.S.K. Lines to explore options for a liquefied natural gas complex in Russia's Kamchatka region. Novatek added that the action…
Teekay Tankers and Tanker Investments Ltd. (TIL) announced the closing of the previously announced merger of the two companies. Upon the closing of the merger, each outstanding share of TIL common stock (other than shares held in the treasury…
Since its delivery from the shipyard in 2007, crude oil tanker MT Solviken – managed by Wallem Europe – has had 15 Port State Control (PSC) inspections without a single PSC observation recorded. On completion of the latest PSC inspection which took place in Primorsk in Russia…