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
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
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
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
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
Marking another step forward in Chinese efforts to reduce shipping emissions, one of two 307,000 dwt VLCCs ordered yesterday by Hong Kong headquartered China Merchants Group will have an air-lubricated hull and
Emergency management and wreck removal company Ardent said last week that it “will no longer enter into new contracts from May 2020 on.” Ardent noted that it had sold certain parts of
Underscoring the fact that the Gulf of Aden remains a dangerous place, UKMTO (United Kingdom Maritime Trade Operations) yesterday reported that a vessel had been attacked in the Gulf of Aden off
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
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
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