Euronav sells 2005-built VLCC
Antwerp, Belgium, headquartered Euronav NV (NYSE: EURN) reports that it has sold the 2005-built VLCC TI Hellas for $38.1 million. A capital gain on the sale of approximately $1.6 million will be
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Foreship launches project aimed at keeping coronavirus off cruise ships
Helsinki, Finland, headquartered naval architecture and marine engineering firm Foreship has launched an initiative to limit the presence and spread of coronavirus and other pathogens on passenger ships and get the cruise
Optimarin offers BWT leasing option
Sandnes, Norway, headquartered ballast water treatment (BWT) specialist Optimarin is offering what it says is the first leasing option in the BWT segment. It says it is making the move to meet
COVID-19: Paris MoU updates temporary guidance on Port State Control
Following the outbreak of COVID-19, the Paris Memorandum of Understanding on Port State Control (Paris MoU) drafted temporary guidance for its member PSC authorities, recognizing the need to apply flexibility under these
International Seaways reports record first quarter
New York City headquartered International Seaways, Inc. (NYSE: INSW), one of the world’s largest tanker operators, reported net income for the first quarter of $33.0 million, compared to a net income of
IMO draws up protocols for safe crew changes
The International Maritime Organization (IMO) has sent a recommended framework of protocols for ensuring safe ship crew changes and travel during the COVID-19 pandemic to all IMO member-states, the UN and other
Cyprus supports seafarers with formal crew changeover process
The Cyprus Shipping Deputy Ministry (SDM) has formally announced a new process to facilitate crew changes during the COVID-19 pandemic. Crew changes for vessels are possible in Cyprus provided certain conditions are
Locked-down Alfa Laval factory manages to up BWTS production
Alfa Laval reports that its Aalborg, Denmark, site has adapted to restrictions imposed in response to the COVID-19 pandemic and is continuing production of PureBallast 3 ballast water treatment systems. The factory
VIDEO: Massive offshore crane collapses during load tests
Video has surfaced on YouTube showing the collapse of a massive Liebherr offshore crane during load testing on the DEME offshore installation vessel Orion 1. Built in China, the vessel is designed
SEACOR benefits from CARES Act tax breaks
While SEACOR Holdings Inc. (NYSE:CKH) saw first quarter income fall, it reports that all of its services have been deemed essential — and looks to have gotten a significant boost from tax