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…
DNV GL has conducted a risk assessment “hazard identification study (HAZID)” on a series of three methanol-fuelled tankers for owner Mitsui O.S.K. Lines and shipyard Minami Nippon Shipbuilding in Japan. As these are the vessels with a flex fuelled…
Dorian LPG Ltd. opened the New York Stock Exchange (NYSE) on Friday, May 9, 2014. The company’s senior management members and directors stood on the NYSE balcony as Dorian CEO, John Hadjipateras rang the bell. The bell ceremony followed the…
A Memorandum of Agreement (MoA) was today signed by the Chairman of Intertanko , Graham Westgarth, and the President of the Brazilian Maritime Pilots’ Association (CONAPRA) Ricardo Augusto Leite Falcão, and the President of the Brazilian National…
Mikhail Ulyanov, an ice-breaking shuttle tanker (ice class – ARC6) belonging to OAO Sovcomflot (SCF Group), has been the subject of a Greenpeace protest, while at the Port of Rotterdam carrying a cargo of 67,000 tons of crude oil, loaded on the continental shelf of the Pechora Sea…
Swiss-based commodity trading house Gunvor opened this month a new trading office in Shanghai dedicated to Chinese domestic business, the company on Tuesday, as it aims to expand its presence in Asia.Gunvor China Trading Ltd, set up in the Shanghai Free Trade Zone…
Overseas Shipholding Group, Inc. (OSG) lets it be known that U.S. ownership of its common stock at the close of business on April 15, 2014 was 77 percent: the minimum percentage of shares that must be owned by United States citizens in order to preserve the status of OSG as a Jones Act company…
Combined production of crude oil, gas and condensates in the United States is on course to a hit a record this year, passing the previous peak set in 1972.The rise in output has confounded the famous forecast made by Shell geologist M King Hubbert who predicted that U…
U.S. crude oil rose to near a six-week high on Friday, steered by stronger gasoline demand and a positive consumer confidence report, but gains were capped by profit taking and a declining demand outlook. The International Energy Agency…
Greece-based chemical transportation company Stalwart Tankers Inc has postponed its U.S. IPO plans due to 'market conditions,' an underwriter told Reuters. The company filed with U.S. regulators in February to raise up to $100 million in an IPO of its common stock…
Gasoline barge prompt cracks in northwest Europe gained on Monday, supported by exports to West Africa, the United States and elsewhere as demand builds ahead of the peak summer season. Reuters shipping data showed a flurry of new vessels booked to carry gasoline or its components…
North Sea Forties crude differentials retreated on Monday as traders said last week's move higher on the back of tighter May supply was overdone, despite the possibility of a VLCC cargo to South Korea in late April.Forties differentials…
