How OPEC Cuts Could Benefit Crude Tankers: Update
By James Catlin
Summary:
Shifting crude trade flows can have a significant impact on the tanker market.
Days after OPEC announced production cuts I put out...
Hapag-Lloyd Says No to Containership Newbuilding Orders
Following its takeover of UASC German container line Hapag-Lloyd is putting newbuilding orders on hold for the next few years.
In its nine months earning...
Optimarin Shakes Up BWT Sector with Unique Promise for Shipowners
Optimarin is announcing another first for the ballast water treatment (BWT) segment. The Norwegian-headquartered BWT specialist, which has focused exclusively on the development of...
‘Arrested’ Oil Tanker Valued at R210m to Go on Auction
An oil tanker placed under arrest in Durban in June 2016 will be sold on auction on December 5.
The auctioneers said in a statement...
EU Navfor Detains Suspected Pirates
On November 20, six people suspected to be Somali pirates were detained by Italian mariners and their vessel were seized
What happened?
The Italian vessel ‘ITS...
Tankers Mooring Line Tangles with Tug’s Propellers
On November 17, a tug boat reportedly capsized while providing assistance to a tanker which was in pilot.
What happened?
The tug boat ‘Uqoyi’ was involved...
Skipper of Ilanga Rescued by Cargo Ship
On November 18, the Rescue Coordination Centre New Zealand received a distress call from captain of an ‘Ilanga’ vessel and he was swiftly rescued...
Is 2017 a Turning Point for LNG Bunkering?
There has been a blizzard of LNG bunkering developments in 2017, and none more notable than the announcement earlier this month by CMA CGM....
Panama Ship Registry Opens New Office in Houston
The Panama Ship Registry has opened a new Technical Office (SEGUMAR) in the city of Houston, Texas, USA, which will cater more specifically to...
Misfiring Cylinder That Ignited Lubricating Oil in the Sump of the Engine
Summary
The Admiral had left its Illinois homeport on June 18, 2016, and arrived at the Texas job site on June 29.
The crew of...
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