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
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
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.
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