Tanker Shipping: Crude oil tankers out-perform their oil product peers in a market full of surprisesDemandSome time ago, BIMCO expected the first signs of a solid recovery in the oil tanker industry to appear in the product tanker market…
The U.S. Energy Department has finalized a plan to revamp its process for approving liquefied natural gas exports, and as originally proposed the changes eliminate conditional approvals for LNG projects.Beginning Thursday, the department…
FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust (FSL Trust) has generated a profit of $1 million for the 2Q of the 2014 financial year. This profit compares to a $7.2 million loss for the 2Q’s corresponding previous year…
In the early hours of Saturday 9th August 2014, the radar of a product tanker transiting south, 200 nautical miles off the Nigerian shoreline detected a probable pirate mother ship lying in wait close to its track. Shortly after detecting the vessel…
Dryad Maritime COO Ian Millen tells of an audacious open-ocean ambush of a product tanker in Gulf of Guinea and wonders if this attack heralds a new trend in offshore African piracy, as follows:'In the early hours of Saturday 9th August,…
According to the U.S. Energy Information Agency, one of the world’s oil transit choke-points is the Suez Canal, the Panama Canal being another. However, the recently announced Suez Canal expansion plans are more likely to cater for containership transits…
Congressman John Garamendi (D-CA-03), Ranking Member of the House Transportation and Infrastructure’s Coast Guard and Maritime Transportation Subcommittee, introduced H.R. 5270, the Growing American Shipping Act, which aims to modernize U.S…
ABS announced it has been chosen to class the world's first compressed natural gas (CNG) carrier ordered by Pelayaran Bahtera Adhiguna, a subsidiary of Indonesia's state-owned power company Perusahaan Listrik Negara (PT PLN).The award for the precedent-setting ship…
In a move to expand its presence in the European energy markets, Ferguson Group, specialists in the rental of DNV 2.7-1 / EN 12079 certified offshore containers, refrigeration/freezer modules, engineering modules and accommodation solutions to the global offshore energy industry…
Leading integrated ship management service provider Thome Ship Management has become the first ship management company to join IMPA ACT, the responsible supply chain management initiative, launched by IMPA, International Marine Purchasing Association…
American Commercial Lines presented Marine Environmental Stewardship Awards on Wednesday, July 16 in Houston, Texas, recognizing 35 customers for safe handling of chemicals, petroleum products and other liquid cargos.The customers recognized…
Dryad Maritime gives warning of increasing SE Asia piracy. The warning results from the release of their Q2 figures, containing data that shows the area experiences the highest number of maritime crime incidents in 2014 in comparison with other traditional piracy hot spots…
Maersk Tankers, a unit of A.P. Moller-Maersk, said on Thursday it had quit four unprofitable crude oil charter contracts by buying out supertankers and selling them onwards, continuing its exit from crude oil transportation.The company now has charters for just two supertankers…
GTT launches its training center by welcoming delegates for the first courseGaztransport & Technigaz (GTT) announced that its new training center awarded certificates to the first group of delegates to complete a LNG Cargo Operations (SIGTTO management Level) training course…
EURONAV announces that it has raised $125 million in total in gross cash proceeds through a private placement of 10,556,808 new shares to institutional investors selected through an accelerated book build offering. Following strong demand, Euronav…
