The Strange Case of Summer Oil Market
Front-month Brent crude futures, were at $62.71 at 0630 GMT, 42 cents, or 0.7%, above Friday’s close and U.S. WTI crude futures were at $53.85 per barrel, 59 cents, or 1.1%, above their last...
Hansa Acquires Tanker for $18.5 M From Japan’s JX Ocean
Norwegian chemical tanker company Hansa Tankers continues to expand with the purchase of another chemical tanker Bow Tone, reports Splash 247.
Company’s second acquisition of the year
Norway’s Hansa Tankers has made its second vessel acquisition...
[Watch] Wärtsilä Power Solution for Normally Unattended Installations
Offshore platforms designed to be able to operate for up to six months without the need for scheduled maintenance rely on a holistic power-generation concept from Wärtsilä that leverages high efficiency engines remote monitoring,...
Tanker Software Platform Adds Two Extra Satellite AIS Providers
Satellite AIS (Automatic Identification System) is a vessel identification system that is used for collision avoidance, identification and location information. Two such AIS systems have been implemented in the AXSMarine for maritime analytics, says...
Delivery of VLCC New Building with 15-Year Charter
According to an article published in PR Newswire, Ocean Yield ASA is pleased to announce that it has taken delivery of a VLCC.
Series of four VLCCs
The vessel Nissos Despotiko was delivered from the yard...
Man and Wife Airlifted from Cruise Ship 100 Miles Off Cape Hatteras
According to an article published in CBS17, the U.S. Coast Guard airlifted a 55-year-old Canadian man from a cruise ship 100 miles southeast of Cape Hatteras.
What happened?
On 14th JuneWatchstanders at the Coast Guard’s 5th...
Scrubber-Equipped Tonnage Now Accounts for 36% of Box Ship Capacity
As the global maritime industry is sailing towards a new sulphur regulations imposed by the International Maritime Organisation (IMO), boxships are set to operate with scrubbers as part of their approach for compliance, reports...
IMO Adds Ship Register To STCW White List
According to an article published in Tanker Shipping and Trade, Palau International Ship Registry (PISR) has been recognized by IMO as fully complying with the International Convention on Standards of Training, Certification, and Watchkeeping...
Oil Product Stocks Fall To 4-Week Low Amid Soft Holiday Trading
Eid-al-Fitr holidays cause a slump in refined oil product stockpiles at Fujairah.
Total inventories at the hub dropped 0.5% over the past week to 23.889 million barrel.
Fujairah-delivered 380 CST bunker fuel was assessed...
General Cargo Vessel Collisions Due To Dragging of Insufficient Anchor Cable
According to an investigative report published by MAIB, the UK government highlights the problems pertaining to anchor dragging and how does it lead to collisions and what we can do to avoid such incidents.
What...