Weekly Tanker Report – Week 20, 2019

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  The Baltic Briefing has issued the tanker report for the 20th week of this year. The report dated 17th May 2019 provides a valuable insight...

GasLog Ltd. Reports Financial Results for the Quarter Ended March 31, 2019

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Entered into a new five-year amortizing revolving credit facility on February 20, 2019 (the 2019 Partnership Facility), which successfully refinanced $354.4 million of...

Oil Market Dislocations Reduce US Refiner IMO 2020 Benefit

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Canadian exploration and production (E&P) companies are benefiting from light-heavy crude spreads. Surplus FCF associated with the IMO 2020 tailwind is earmarked for...

More Ships Slow Down Off California to Avoid Killing Whales

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Experts say four of the 10 gray whales found dead near San Francisco in 2019 were killed by ships. Due to the absence...

Värde and Landbridge Inks VLCC Sale and Lease Back Deal

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Global alternative investment firm Värde Partners and Landbridge VLCC International, has announced a sale and lease back transaction of a very large crude carrier...

GasLog Lays Keel for Its New LNG Carrier at SHI Shipyard

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Gaslog held a keel laying ceremony for its LNG carrier currently under construction at SHI shipyard, says an article published in LNG World News. Keel...

PBF Emerges as NYH’s Top 2020 Bunker Supplier

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Maersk to procure 1.25mn t compliant fuel per year from PBF an independent refiner in the US. EIA showed residual fuel oil...

Riding on the Tanker Market Benefits TORM Extends Its Scrubber Commitment

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According to a report published in the Shipping Herald, the Executive Director of TORM, Jacob Meldgaard has said that TORM’s results in the first...

Maersk Product Tankers Completed Sale and Leaseback Agreement

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In a major development, Maersk Product Tankers has announced that they have entered into a sale and leaseback agreement with ICBC Financial Leasing Co.,...

Lack Of Safety Procedures While Climbing Up A Cargo Caused Grave Injury

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Cargo vessel operations can be tricky and should be done with utmost care. As a minor slip can cause severe healthcare problems as we...
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