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
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
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
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
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 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
The world’s first ship to be classed as ammonia-fuel ready, the ABS-classed, Greek-flagged Suezmax tanker Kriti Future, has been delivered to Maroussi, Greece, based Avin International Ltd. The 274 meter long vessel
In a change at the top of tanker and bulk logistics specialist Stolt-Nielsen Limited, Niels G. Stolt-Nielsen is to step down as CEO of the company, whose interests include a 45% stake
Maroussi, Greece, headquartered Pyxis Tankers Inc. (NASDAQ: PXS) has agreed to sell the Northsea Alpha and Northsea Beta, two 2010 built 8,600 dwt product tankers for an aggregate sale price of $8.9
A 750 dwt product tanker sank Christmas Eve after reportedly being rear-ended by a super yacht when en route to Norwegian Cruise Line Holding’s private island in the Bahamas, Great Stirrup Cay.