OCTOBER 27, 2014 — Danish product tanker operator Torm has entered into an agreement with lenders representing 61% of its financing and Oaktree Capital Management on a possible restructuring. The final terms
OCTOBER 27, 2014 — The Liberian Registry is giving its full support of the International Maritime Organization’s recommendation that there should be no general ban on international travel or trade due to
OCTOBER 27, 2014 — Stolt-Nielsen Limited (Oslo Bors: SNI) is to relocate its tankers’ staff in Norwalk, CT to Houston, TX. The move will consolidate the company’s U.S.-based staff in Houston, which
OCTOBER 26, 2014 — When the election for the post as Secretary General of the International Maritime Organization (IMO) is announced later this year, the Danish Government will nominate Andreas Nordseth, Director
OCTOBER 24, 2014 — Failure to preserve Voyage Data Recorder (VDR) data in the event of an incident can compromise the owner’s position in the event of a claim, says the London
OCTOBER 24, 2014 — Diamond company De Beers plans to go looking for diamonds and other minerals in an area off the coast of Namibia and has enlisted Norway’s Marin Teknikk and
OCTOBER 24, 2014 — Houston headquartered Genesis Energy, L.P. (NYSE: GEL) reports that it has agreed to acquire for approximately $157 million the M/T American Phoenix from Mid Ocean Tanker Company (MOTC)
OCTOBER 24, 2014 — Lysaker, Norway, headquartered Clean Marine AS says it has been selected by South Korean shipbuilder Hyundai Mipo Dockyard to supply exhaust gas cleaning systems (scrubbers) for two new
OCTOBER 24, 2014 — Billionaire John Fredriksen is poised to add Flex LNG to his empire. Geveran Trading Co Ltd, which is indirectly controlled by trusts established by John Fredriksen for the
OCTOBER 24, 2014 — Classification society DNV-GL has approved the design of the Wärtsilä WST-14 thruster, indicating that the design fully complies with classification rules. This is an exceptional case since the