U.S. shipbuilders are making a $500 million bet on robust domestic demand for crude oil from newly-tapped shale fields by building new tankers without having lined up customers to lease them.Philly Tankers AS, majority-owned by Aker Philadelphia Shipyard is building four ships on spec…
Herbert-ABS says use of an approved damage stability computer program is the “only logical option” to meet new International Maritime Organization (IMO) Damage Stability Regulations requirements for onboard damage stability verification.Herbert…
USCG revises policy on transfer of cargo by foreign tank vesselsThe U.S. Coast Guard (USCG) Sector Houston-Galveston has established a policy governing the transfer of cargo by foreign tank vessels in advance of overdue safety compliance…
The United States Coast Guard informs that it has recognized ConocoPhillips subsidiary Polar Tankers, Inc. with the Rear Admiral William M. Benkert Osprey Award for Environmental Excellence. Vice Admiral Peter Neffenger, the USCG 29th Vice Commandant…
Well-established local criminal syndicate diversifying its targets rather than undertaking new operations says Denmark-based security advisory and intelligence company Risk Intelligence.The recent hijacking cases of coastal product tankers…
DHT Holdings, Inc. announced the appointment of Svein Moxnes Harfjeld and Trygve P. Munthe as co-CEOs of DHT. Munthe will no longer hold the position as President of DHT. Harfjeld and Munthe have been CEO and President of DHT respectively, since joining DHT in 2010…
The U.S. Coast Guard (USCG) final rule on escort requirements for certain tankers operating on the waters of Prince William Sound, Alaska, was published Friday in the Federal Register.This rule finalizes the escort requirements in Title 33…
Specialist shipping law firm Clyde & Co says that a Court of Appeal decision whether owners had acted unreasonably in withholding their consent for the use of two nominated VLCCs in a Ship to Ship (STS) transfer of crude oil from another VLCC…
LNG engineering company GTT, listed on the compartment A of Euronext Paris since February 27, 2014, announced its integration into the French stock market index SBF 120.On June 5, 2014, the Expert Indices Committee of Euronext decided the…
Aegean Shipping Management has become the first Greek shipping company and amongst the first worldwide to be awarded the ISO 22301 Business Continuity certification by LRQA.During a ceremony held at both Lloyd's Register’s and Aegean’s stand yesterday…
IMO informs that its Maritime Safety Committee (MSC) has adopted important SOLAS amendments related to inert gas systems as well as amendments to a number of treaties to bring into force the mandatory IMO audit scheme. In addition it has approved…
Teekay Tankers Ltd. announced the appointment of Mr. Kevin J. Mackay as Chief Executive Officer (CEO) of Teekay Tankers, effective June 20, 2014.Mr. Mackay will join Teekay Tankers from Phillips 66 Corporation (Phillips 66), where he is…
Thome Ship Management has added to its senior management tier by appointing Steen Nygaard Madsen as Chief Operating Officer (COO) for the Thome Ship Management Tanker Fleet.Madsen will take up the position on June 1 this year, bringing with him experience in running ships…
Long-range clean tanker rates stayed firm on Monday extending a recent rally with firmer cargo demand bolstering sentiment further. Long Range 1 tankers, carrying 55,000 tonne loads from the Middle East Gulf (MEG) to Japan, reached W117…
Nordic Shipholding A/S has been informed that Pacific Alliance Group (“PAG”), which controls Nordic Shipholding’s majority shareholder, Nordic Maritime S.á r.l., has entered into an agreement with BW Group regarding the establishment of a joint…
