Shipping lines, environmental organizations, trucking companies, terminal operators and a railroad were honored today, July 29, by Long Beach Mayor Dr. Robert Garcia and the Port of Long Beach at the annual Environmental Achievement Awards…
NewLead Holdings Ltd.announced today a review of the commercial competency of one of its bitumen tanker vessels, the MT Sofia since the vessel was delivered to NewLead's fleet.The Sofia is a 2008-built bitumen tanker vessel of 2,888…
Scorpio Tankers Inc. announced today that it has entered into an agreement to purchase an MR product tanker.The Company reached an agreement with an unrelated third party to purchase an MR product tanker that was built in 2014 at SPP Shipbuilding Co…
Mitsui O.S.K. Lines, Ltd. today took part in a naming ceremony for the newbuilding liquefied natural gas carrier LNG FUKUROKUJU, which is co-owned by MOL and Kansai Electric Power Co., Inc. at Sakaide Works of Kawasaki Heavy Industries, Ltd…
Navig8 Chemicals is pleased to announce the delivery of Navig8 Amessi, the eleventh of eighteen ECO 37,000dwt chemical tankers constructed at Korea's Hyundai Mipo Dockyard ('HMD'). We welcome the latest addition to our growing pool:Vessel…
Dorian LPG Ltd. an owner and operator of modern Very Large Gas Carriers (VLGC), reported today that it took delivery of the ECO VLGC Continental from Hyundai Samho Heavy Industries.Continental is Dorian LPG's seventh newbuilding delivery and will be operated in the Helios LPG Pool.
On July 17, 2015, Excelerate Energy L.P. completed the first Ship-to-Ship (STS) transfer of LNG at the Engro Elengy LNG Terminal located in Port Qasim, Pakistan. Excelerate’s floating storage and regasification unit (FSRU), EXQUISITE, received 130…
Intertanko has issued a strong protest against Nigeria's decision to ban 113 tankers from its coast. Nigeria's state oil company NNPC has recently banned 113 oil tankers from the country's waters, citing a directive from President Muhammadu Buhari…
Crude oil shipper DHT Holdings, Inc. announced it has changed its policy regarding dividend and capital allocation.As a result of the current tanker market, DHT’s new plan will see the company return at least 60 percent of its ordinary net…
Keppel Shipyard has signed its third contract with Golar Gandria for vessel conversion works. The $684 million contract to convert a liquefied natural gas (LNG) carrier to a floating liquefaction facility (FLNG) with the subsidiary of…
Scorpio Tankers Inc has agreed to sell its 6 million common shares of Dorian LPG Ltd to BW Euroholdings Limited, a wholly owned subsidiary of BW Group Limited, for a purchase price of $15.34 per share. The shares will be sold pursuant…
Unpredictable markets and continuing marine claims volatility means the international shipping industry is facing a particularly challenging time, says Pratap Shirke, chairman of North P&I club. His comments are published today (16 July 2015) in the 170 million GT…
New regulations on the carriage of biofuels could limit the trading flexibility of product tankers from next January, according to Rivertrace Engineering, Managing Director, Mike Coomber. This is because oil discharge monitoring equipment on…
Scorpio Tankers has purchased an MR product tanker, currently under construction at Hyundai Mipo Dockyard, for around $37mln and a LR2 product tanker, currently under construction at Daehan Shipbuilding, for around $58.5mln. MR product…
Morten Nystad will step down as senior vice president of Odfjell Tankers after 35 years with the company. His departure is effective immediately. Nystad has held various management positions during his tenure at Odfjell, serving within the…
