The tanker shipping market continued to be volatile during the first quarter of 2019, but at a higher level than in the corresponding quarter the previous year, said Concordia Maritime.After the sharp rise at the end of 2018, some tanker market segments have now slowed down again…
V.Group has urged shipowners and operators to take a proactive approach to 2020 compliance. With the global sulphur cap less than nine months away, V.Group is seeing growing numbers of shipowners and operators developing Ship Implementation Plans (SIPs) to mitigate risks and minimize disruption…
The Panama Canal welcomed its 6,000th Neopanamax vessel through the Expanded Canal, underscoring the route’s ability to accommodate the highly-dynamic liquefied natural gas (LNG) segment, which first transited the waterway following the inauguration of the Expanded Canal less than three years ago…
Gail India on Wednesday offered 10 cargoes of liquefied natural gas (LNG) loading in the United States, three trade sources said.The cargoes are offered for loading between June 2019 and March 2020 on a free-on-board basis, meaning buyers will have to arrange shipping…
Qatar Gas Transport Company (Nakilat), a shipping and maritime company with the world's largest LNG shipping fleet, reported a 9 percent increase in profit for the first quarter of this year ended March 31, 2019.Nakilat reported a net profit of 236 million Qatari Riyals ($64…
Japanese shipping giant Mitsui OSK Lines (MOL) will buy Reliance Industries (RIL) stakes in Singapore-based Reliance Ethane Holding (REHPL) which has a fleet of six very large ethane carriers (VLECs).RIL has 100% holding in six limited liability companies (LLCs) which own the VLECs…
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that it has completed a $103.2 million sale and leaseback transaction for three MR2 product tankers and two LR1 product tankers. The proceeds have been used to refinance $82…
The Very Large Crude Carrier (VLCC) Olympic Lyra changed its destination to Lome in Togo from Southwold in Britain, Refinitiv ship tracking data showed.VLCCs have a capacity of around 300,000 tonnes and their arrival in a region can affect refining margins…
U.S. shipments of liquefied natural gas are expected to fall to their lowest level in six months in April, after a leading U.S. supplier shut units for maintenance at a time when a glut of supply has driven some worldwide prices to near three-year lows…
US exports of crude oil have, since August 2018, continued to rise every month, with a new record high in January of 9.6 million tonnes. Exports rose in January on the back of increased sales to Europe, which rose from 2.7 million tonnes in December to 4…
The Aframax tanker ProStar recently made its first North American delivery to discharge 442,131 barrels of jet fuel at Seaport Canaveral.'820-foot-long ProStar – first of its kind vessel to berth at Port – makes its inaugural North American delivery of transportation fuels to Seaport Canaveral…
TOP Ships Inc. an international owner and operator of modern, fuel efficient 'ECO' tanker vessels currently focusing on the transportation of petroleum products, has announced that it has entered into a time charter agreement with Shell Tankers Singapore Private Limited for its 50…
Four tankers on Thursday were preparing to offload or pick up cargoes in the busiest U.S. oil port, the first signs of an easing of the bottleneck that cut 1 million barrels per day of shipments, according to vessel tracking data.The Houston…
Hugo De Stoop, currently CFO at Euronav NV, is the choice to succeed Paddy Rodgers as CEO of the company. The company expects the transitiion to be complte in the second quarter of 2019.
Venezuela's main oil export port of Jose and the country's four crude upgraders have been unable to resume operations following a massive power blackout on Monday, according to industry workers and a union leader close to the facilities.The most recent oil shipment for export…
