OSG: The year starts well
“The year has started well at OSG,” said president and CEO Sam Norton, as Tampa, Fla. headquartered tanker and ATB operator Overseas Shipholding Group, Inc. (NYSE: OSG) reported results for the first
tanker
OSG full year results exceed expectations
Tampa, Fla., headquartered U.S.-flag tanker and ATB operator Overseas Shipholding Group, Inc. (NYSE: OSG) today reported its results for the fourth quarter and full year 2022. Highlights included: “Operational and financial performance
VIDEO: Capital Ship Management takes delivery of future-proof tanker
Piraeus, Greece, headquartered Capital Ship Management Corp. has taken delivery of a “future-proof” tanker, that looks to be “ready,” in class society terms, for almost anything. Built by Hyundai Vietnam Shipyard Co
September 2022
What’s going on in European shipyards and what can the U.S. learn from them? Also, we examine Japanese innovations, the tanker market and more.
OSG reports profitable second quarter
Tampa, Fla., headquartered U.S.-flag tanker and ATB operator Overseas Shipholding Group, Inc. (NYSE: OSG) today reported results for the second quarter 2022. Highlights included: “A return to profitability is perhaps the most
Kirby reports increased earnings
Houston-headquartered Kirby Corporation (NYSE: KEX) today reported net earnings for second quarter ended June 30, 2022, of $28.5 million or $0.47 per share, compared with earnings of $10.2 million, or $0.17 per
BIMCO: Tanker newbuild orders plummet
At one time, oil tankers were the mainstay of world shipbuilding, at least in tonnage terms. Now, though, BIMCO reports that in the first six months of this year only 1.6 million
DNV recognizes first verified SEEMP III vessel
Though the latest meeting of IMO’s Marine Environmental Protection was widely criticized for taking “just baby steps” on decarbonization, some of those steps still place a significant compliance burden on shipowners. For
BIMCO: War in Ukraine will hurt growth in all shipping segments
Niels Rasmussen, chief shipping analyst at BIMCO, is warning that the negative impacts of Russia’s actions in Ukraine will have consequences for all sectors of shipping. Though much uncertainty remains, the immediate
Concordia eyes tanker to containership conversion
Concordia Maritime, Gothenburg, Sweden, launched a technical design study evaluating the feasibility of converting and adapting one of its nine P-MAX tankers for container transportation. Concordia is carrying out the study in