Dr. Nikolas Tsakos of Tsakos Energy Navigation Ltd. was reelected for two further years by the INTERTANKO Council who met this week in London. The Council members also engaged in dialogue with the IMO Secretary General, Kitack Lim, as well as the Rt Hon John Hayes CBE…
Weakness in freight rates will increase tanker shipping demolitions over the next two years, with the trend accelerating in later years as a result of the IMO regulation on ballast water, according to the latest edition of the Tanker Forecaster…
Shares of U.S. shipping companies shot higher again on Wednesday, causing volatility halts in a number of stocks and raising questions among investors and analysts over the extent of their sharp post-election rally. The jump in share prices…
V.Group has acquired Selandia Holdings Pte. Ltd and its subsidiaries comprising the Selandia Ship Management Group as part of its strategy to offer clients high quality outsourced marine services from Asia. Founded originally in Mumbai, India in 1995…
The shipping industry faces a stormy road to recovery, with uneven supply/demand trends set to test the nerve of investors and operators, according to independent research and consultancy firm Maritime Strategies International (MSI).Addressing the Hansa Forum in Hamburg…
Woodfibre LNG, Canada's first liquefied natural gas export project, will be a 'nice-to-have' fillip for the country's gas producers but does not signal the start of a west coast LNG boom, industry watchers said on Monday. Privately held…
Odfjell has ordered four chemical tankers (with options for an additional four) with stainless steel cargo tanks from China Shipbuilding Trading CO., Ltd. and Hudong-Zhonghua Shipbuilding (Group) CO., Ltd. The ships cost $60m each. The 49…
A tanker crewman was medevaced Monday afternoon, after reports of suffering from a hernia about 15 miles off Galveston, Texas in the Fairway Anchorage. The master of the 600-foot, Marshall Islands flagged tanker Agena contacted U.S. Coast…
Teekay Corporation’s board of directors has elected Kenneth Hvid to succeed current president and CEO, Peter Evensen, who will retire January 31, 2017 after more than 13 years with the company. Hvid is presently serving as president and CEO of Teekay Offshore Group Ltd…
Some 200 representatives of classification societies, shipbuilders and shipowners came together in Tokyo last week for their annual ‘Tripartite Meeting’ on issues of common interest. The meeting, hosted by Class NK, the Japanese Shipowners’…
Compared to the excellent first three quarters of 2015 (+5.4%), cargo throughput in the same period this year fell by 1.9%. The decrease was particularly strong in coal and iron ore. Allard Castelein, CEO of the Port of Rotterdam Authority:…
International accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry fell by an average of 2.4% in 2015. This compares with the 0.8% average fall in costs recorded for 2014, and is the…
ASRY has successfully brought one of the European tanker market’s biggest tanker fleet owners back to the yard. Euronav, the Greece-base owner, operator and manager of a fleet of 53 modern large tankers, chose ASRY for the recent repair of ‘Cap Diamant’…
Earlier this year at the SUNY Maritime Towing Forum, we met up with Jerry Crooks, CSHM, Marine Technical Advisor, Shell Trading (U.S.) Company. Crooks provided insights on the training culture, systems and philosophy that drives Shell Trading (U…
Even as ship vetting and risk management techniques evolve, defining the human element of the equation nevertheless remains ever elusive. If the vast majority of shipping casualties are a function of ‘human error,’ then it is also true that the effort to identify…
