In what Chairwoman and CEO Angeliki Frangou calls a “transformative transaction,” dry bulk specialist Navios Maritime Partners L.P. (NYSE: NMM) and tanker specialist Navios Maritime Acquisition Corp. (NYSE:NNA), are to combine. “The
Antwerp-headquartered tanker giant Euronav NV (NYSE: EURN) has sold the oldest conventional vessel in its fleet, the 2002-built, 149,989 dwt Suezmax Filikon, for $16.3 million. The company will record a capital gain
John Fredriksen controlled Frontline Ltd. (NYSE and OSE: FRO) reports that it has entered into an agreement for the resale acquisition of six latest-generation ECO-type VLCC newbuilding contracts. The six VLCCs are
The U.S. has filed a civil forfeiture suit against an oil products tanker, the M/T Courageous, currently held in Cambodia under a U.S. seizure warrant, issued under seal on April 2, 2020.
The March issue of Marine Log covers cruise ports, tanker operations, and more. Plus, Q&As with Richard Janssen on salvage capacity and William Doyle, with the Maryland Port Administration.
The latest weekly Tanker Opinon from Poten & Partners notes that 2021 is “not off to a great start.” While usually, the winter months are good for tanker rates, that’s not the
An incident in which a group of stowaways took control of the Navios Tankers Management 75,000 dwt tanker Nave Andromeda in the English Channel off Gosport, Hampshire, ended when U.K. special forces
Malaysia’s Star newpaper says that “maritime rage” akin to “road rage” is being eyed as the possible cause of an incident captured on YouTube videos that show the moment when a 3,745
U.S. Central Command yesterday tweeted a video showing Iranian forces seizing a tanker identified as the Wila. According to the Equasis data base, the ship is an 8,055 dwt Liberian registered products
Kinder Morgan subsidiary American Petroleum Tankers LLC, Blue Bell, Pa. has been awarded a $26,462,500 Military Sealift Command contract with reimbursable elements for the U.S. flagged, West Coast, Jones Act tanker vessel