EU NAVFOR confirms First Somali pirate attack in 2.5 years

NOVEMBER 4, 2016 — The first reported pirate attack on a merchant vessel off the coast of Somalia in two and a half years has been confirmed by EU Naval Force (Somalia.

Bomin Linde LNG inks LOI with Furetank Rederi

OCTOBER 25, 2016 — Hamburg, Germany, based Bomin Linde LNG has signed a letter of intent with Swedish shipping company Furetank Rederi on long-term cooperationon the supply of Liquefied Natural Gas (LNG)

Board approves plan to split OSG into two companies

OCTOBER 21, 2016 — Overseas Shipholding Group, Inc. (NYSE:OSG) says that its Board of Directors has approved the previously announced plan to separate its international and domestic businesses into two independent, publicly

ICS urges Canada not to impose BC tanker moratorium

OCTOBER 18, 2016 — When it took office Canada’s Trudeau administration said it would formalize a moratorium on crude oil tanker traffic on British Columbia’s North Coast. The recent grounding of the

Marshall Islands now world’s top flag for tanker owners

OCTOBER 10, 2016 — The Republic of the Marshall Islands (RMI) now has more tankers under its flag than any other registry, according to Reston, VA, headquartered International Registries, Inc,. which provides

Concordia in IMOIIMAX sale and leaseback deal

OCTOBER 4, 2016 — Concordia Maritime is selling the IMOIIMAX tanker Stena Image to a large Japanese financial institution. The transaction is a sale and leaseback agreement, and the vessel will be

GD NASSCO delivers fourth APT tanker in series

SEPTEMBER 28, 2016—Yesterday, General Dynamics NASSCO, San Diego, CA, delivered the 50,000 dwt Bay State, the fourth vessel in a series of five ECO Class product tankers under contract with American Petroleum

Tanker brokers count costs of failure to pass on claims

SEPTEMBER 27, 2016 — Professional indemnity insurer ITIC (International Transport Intermediaries Club) says the most common cause of claims against tanker brokers is delay in submitting — or failure to pass on

Guangzhou Shipbuilding delivers another tanker to Stena

SEPTEMBER 15, 2016—The 50,000 dwt Stena Immortal, the eighth in a series of 13 IMOIIMAX tankers, was recently delivered by China’s Guangzhou Shipbuilding International (GSI). The 183m x 32m tanker is jointly

Doorae Shipping fined again after further pollution offense

AUGUST 18, 2016 — South Korea’s Doorae Shipping has done it again. Back in April, the company was sentenced to pay a fine of $750,000 and a community service payment of $200,000

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