The General Organization of Sea Ports (GOP) said that the Liberian vessel -- MV Stolt Valor -- was granted permission to take refuge in Bahrain’s waters. The operation to move the tanker to the Arab Shipbuilding and Repair Yard (ASRY) began early on Tuesday June 26…
Concordia Maritime signed a contract with Guangzhou Shipbuilding International (GSI), China for the delivery of two chemical parcel tankers of approx. 50,000 dwt at the end of 2014/beginning of 2015. The investment amounts to around $78.6m and…
Wison Offshore & Marine Announces Award for construction of World’s First Floating LNG Liquefaction Unit.Shanghai-based Wison Offshore & Marine Ltd., a subsidiary of the Wison Group, announced today the successful award of a contract by the Exmar group for engineering…
Graig China Ltd (GCL), part of the Cardiff-based Graig Group, has been contracted by Hong Kong-based Global Union Shipping Limited to supervise the construction of ten 157,000 dwt suezmax crude oil tankers building at Jiangsu Rongsheng Heavy Industries Co Ltd in China…
Drewry Maritime Research’s latest Tanker Forecaster report indicates that Suezmax owners got some respite in the first quarter of the year, but things are looking bleak in the longer term. Spot rates firmed on the back of buoyant demand in the Caribs…
Tankship freight rates on the up as global oil trade pattern changesAccording to Bloomberg, the U.S. is importing the least in 13 years as China buys more than ever, lengthening voyages for tankers and effectively reducing the fleet’s capacity…
Drewry’s Chemical Tanker Freight Rate Index dropped during the first quarter, registering its first quarterly decline since 3Q10. Transpacific westbound rates lost as much as 13%. The next quarter is traditionally a lean period, with Drewry…
Operators Dynacom Tanker Management report their motor tanker 'Smyrni' hijacked by pirates in the Arabian SeaAt approximately 1115 UTC on 10 May, 2012, an oil tanker managed by Dynacom Tankers Management Ltd. was reported hijacked while it was transiting the Arabian Sea…
Four tank ships ordered from Ningbo East Shipyard, China are of Non Sea Water Ballast Ships (NOBS) designNingbo Dongfang Shipyard has recently won two newbuilding orders for two 6,500dwt tankers and a 4,500dwt pair from Zhejiang Huayun Shipping and Guangdong Zhanjiang Fuda Shipping…
Nordic Shipholding A/S completes sale of chemical tanker activities.In continuation of company announcement no. 1/2012 published via NASDAQ OMX on 27 March 2012, Nordic Shipholding A/S (formerly Nordic Tankers A/S) today has completed the…
American Maritime Partnership (AMP) Tells Congress That American Fleet Can Meet Additional Demand If Sunoco Refinery Closes Corrects Erroneous EIA Report.In written testimony to the U.S. Congress’ Joint Economic Committee, the American Maritime…
HIGHLIGHTS:• Revenue rose 9.3% to $26.1 million despite loss of bareboat charter revenue from three chemical tankers leased to BLT• Revenue contribution from chemical tankers to be deployed in the ‘Nordic Siva’ pool and product tanker to…
American Commercial Lines Expands Liquid Cargo Fleet With Purchase of Eight 20,000 Barrel Capacity Tank Barges. American Commercial Lines (ACL) today announced the purchase of eight 20,000 barrel capacity tank barges from SeaRiver Maritime Inc…
HSBC reminds UAE forum of growing importance of MENA (Middle East, North Africa) & China trading corridorsTrade corridors between China and the MENA region carry huge economic growth potential for businesses, offering the greatest prospects…
A letter to the U.S. Energy Information Administration (U.S. Department of Energy) from American Maritime Partnership disputes EIA domestic tank vessel estimates. Text of letter is shown below: March 14, 2012Ms. Shirley NeffU.S. Energy Information AdministrationU…
