London, October 22 – Amasus, one of Europe’s leading players in the shortsea, bulk, general cargo, offshore and heavy lift segments, has signed a fresh eSAIL® (suction sail) contract with Spain’s…
Tankers
21 October 2024 Watson Farley & Williams (“WFW”) advised Navigazione Montanari S.p.A. (“Navigazione Montanari”) on the acquisition of the chemical product tanker Astella, now renamed Valderice. WFW also acted for Intesa Sanpaolo S.p.A. (“Intesa…
Xeneta Summit: Machine learning to predict future ocean freight rate movements in new Market Outlook
AMSTERDAM – Netherlands, 17 October 2024 – Industry leaders at the Xeneta Summit in Amsterdam have been told ocean container shipping must harness the power of machine learning to protect…
25th September 2024, London – Lomar announces the rebranding of its product and chemical tanker business to ‘CB Tankers’, replacing the ‘Carl Büttner’ name. This development follows Lomar’s acquisition of…
SEPTEMBER 24, 2024CIRCULAR NO. 19/24TO MEMBERS OF THE ASSOCIATION Dear Member: OFAC ISSUES ADVISORY TO THE MARITIME PETROLEUM SHIPPING COMMUNITY ON SANCTIONS RISKS RELATED TO PETROLEUM SHIPMENTS INVOLVING IRAN AND…
A very warm welcome by Nicolas Bornozis (pictured above), Capital Link’s president, setting the scene for this 16th Capital Link Forum on Shipping and Marine Services in the British capital’s…
ATHENS, GREECE, September 9, 2024 – OceanPal Inc. (NASDAQ:OP) (“OceanPal” or the “Company”), a global shipping company specializing in the ownership of vessels, today announced that it has taken delivery…
First LR class notation for onboard carbon capture system assigned to Eastern Pacific Shipping tanker
Installation of Value Maritime Filtree System will enable 2020-built chemical tanker to reduce CO2 emissions by up to 40% Lloyd’s Register (LR) has assigned its first class notation for carbon capture…
Indian Register of Shipping classed tanker ‘MT Elgon’ delivered for operations in Lake Victoria
Indian Register of Shipping (IRS), a leading international classification society, is proud to announce the successful delivery of the Double Hull Oil Tanker ‘MT ELGON’ on 16th August 2024. The vessel,…
Asia’s shipyards are working hard to meet strong demand for tankers and bulk carriers while adapting to new regulatory frameworks. At the same time, decarbonization and digitalization technologies and innovations…
Performance Shipping Inc. Reports Financial Results for the Second Quarter and Six-Months Ended June 30, 2024
ATHENS, GREECE, July 25, 2024 – Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today reported net income…
BALTIC EXCHANGE DRY FFA FORUM SAVE THE DATE When: 13:00-17:30, Thursday 26 September 2024Where: Hotel NH Collection Copenhagen, 7 Strandgade 1401 København, Denmark The Baltic Exchange is delighted to host the next…
By Eleni Konstantinidou (LLB Hons, BTC) The Court of Appeal recently clarified the importance of a deposit in Memorandum of Agreement (“MOA”) contracts, and the protection available to the seller…
For a large ship-owning company, drawing up a robust, fleet-wide decarbonization strategy is an ambitious undertaking. Clearly aware of the scope of the task, tanker owner International Seaways Inc. (INSW)…
Two nominations to receive IMO 2024 Award for Exceptional Bravery at Sea. The 2024 IMO Award for Exceptional Bravery at Sea is to go to two sets of nominees: the…
Running the numbers: OceanScore reveals ship segments set to feel €1.3bn sting of FuelEU penalties
The financial impact of FuelEU Maritime is focusing the minds of shipping companies as they face potential penalties for non-compliance with greenhouse gas (GHG) intensity reduction targets – and OceanScore…
Bureau Veritas awarded AiPs for innovative projects including MARIC’s ammonia-fueled 320.000 DWT VLCC and 180.000Ccbm LH2 carrier. The ceremony took place on June 4th at the BV stand, in the presence…
Latest MSI analysis finds ‘distance effect’ is among factors supporting deadweight demand for crude and product tankers London and Singapore, 3 July 2024. Large scale route diversions as a consequence of…
OCIMF provides notice to industry of date for final transition to digitalised tanker inspection scheme 02 July 2024 – (LONDON) The Oil Companies International Marine Forum (OCIMF) has confirmed that its…
Light Structures and Sumitomo Heavy Industries extend business with SENSFIB™ technology on a total of eight tankers Oslo, Norway: Light Structures AS, the world leading supplier of fiber optic condition monitoring…
John Faraclas live on the global ERT Radio “Voice of Greece”, on the programme “Greeks everywhere “, with Thanasis Choupis.
Issues discussed: 1.A full discussion on Shipping and Geopolitics in the shadow of the fierce conflicts in Ukraine and Gaza.2.On the state of alert in the strategic importance of straits all…
Performance Shipping Inc. Signs Shipbuilding Contract for the Construction of a Newbuilding LR1 Tanker Vessel
ATHENS, GREECE, May 7, 2024 – Performance Shipping Inc. (NASDAQ: PSHG), (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today announced that, through…
When: Monday 3 June, 11:30 – 16:00Where:The Margi Hotel, 11 Litous, 166 71 Vouliagmeni, Athens, Greece We are delighted to be returning to Posidonia on 3 June with our keystone conference on…
Swiss marine power company WinGD has secured yet another order for its X‑DF‑A ammonia-fuelled engines in what will be the world’s first ammonia dual-fuel Aframax tankers. Two vessels ordered by Singapore…
Tanker Orders Increase 32% Year-on-Year Tanker ordering levels have increased during the first few months of 2024. So far this year, 104 Tankers have been added to the global orderbook,…