Teekay Tankers reports best first quarter in ten years
Vancouver, B.C., based Teekay Tankers Ltd. (NYSE: TNK) reported adjusted net income of $110 million for the quarter ended March 31, 2020, compared with $14.6 million in the first quarter of last
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FMC to investigate impact of Canadian ballast water regs on U.S. lake carriers
The Federal Maritime Commission has voted unanimously to accept a petition filed by the Lake Carriers’ Association (LCA) that alleges that ballast water regulations proposed by the Government of Canada will discriminate
Bahamas Maritime Authority appoints Deputy Director (Maritime Affairs)
The Bahamas Maritime Authority (BMA) has appointed Capt. Ghulam Hussain as Deputy Director (Maritime Affairs) with responsibility for Bahamas representation at IMO and intergovernmental meetings. Hussain joins the BMA having recently held
Frontline reports strong quarter, postpones scrubber installations
John Fredriksen controlled tanker giant Frontline Ltd. reported first quarter results that included net income of $165.3 million compared with $40.1 million in the same quarter of 2019. “Frontline achieved its strongest
ShipMoney launches new crew payment services
Fort Lauderdale, Fla., headquartered Maritime Payment Solutions, LLC (d/b/a ShipMoney) has introduced two new services designed to expedite payments to crew members and their families while providing a broad range of remittance
U.S. issues guidance on illicit shipping and sanctions evasion practices
AIS spoofing, painting over ships’ IMO numbers and names, and “flag hopping” are just a few of the tricks of the sanctions-busting trade. Yesterday, the U.S. Departments of State and Treasury, and
Rand Logistics completes American Steamship acquisition
GATX Corporation (NYSE:GATX) today announced that it has completed the sale of its American Steamship Company (ASC) business to Rand Logistics, LLC for approximately $260 million in cash proceeds, subject to customary
Japan’s first LNG bunkering vessel launched
Kawasaki Heavy Industries’ Sakaide Works has successfully launched Japan’s first LNG bunkering vessel (LBV). The LBV is scheduled to be delivered at the end of September 2020 and will be the first
Maersk: “We are strongly prepared to weather the storm”
A.P. Moller – Maersk today reported first quarter results that Danish business daily Børsen characterized as “good numbers, grim outlook.” The company reported revenues from continuing operations of $9.57 billion compared with
U.K. Chamber to Johnson: Don’t quarantine seafarers
In a broadcast today, U.K. Prime Minister Boris Johnson unveiled what he stressed was a conditional plan for easing some COVID-19 restraints and restarting the British economy. Among many other elements the