Hugo De Stoop steps down as Euronav CEO
Just one day ahead of the company’s May 17 annual meeting, the Supervisory Board of Euronav NV (NYSE: EURN) has announced the departure of its CEO Hugo De Stoop with “immediate effect
tankers
Euronav: Frontline wins a round as merger ding dong continues
For those who like ongoing sagas, the Euronav drama continues to deliver. Today, John Fredriksen’s Frontline plc (NYSE: FRO – OSE: FRO) reported that emergency arbitration claims filed by Euronav on January
Scrapping: Tankers dominated 2021 demo numbers
Online valuation and market intelligence provider VesselsValue says that 2021 saw significant trends and changes in the shipping industry that combined to result in a diverse demolition market. Last year saw 704
High scrapping prices bring surge in vessel demolition
Online valuation and data provider VesselsValue reports that the first half of 2021 saw 275 cargo vessels sold for scrap, up 40% and 33% compared to 2020 and 2019, respectively. The 275
Colonial Pipeline shutdown: Are Jones Act waivers on the cards?
The shutdown of the Colonial Pipeline after a ransomware cyberattack has seen panic buying of gas — and MARAD taking the first steps to consider the possibility of a limited Jones Act
Hamworthy Pumps makes strong tanker market reentry
Singapore-based Hamworthy Pumps, now part of the Svanehøj Group along with sister brands Svanehøj, Eureka and Dolphin, is making a strong return to the tanker pump room sector in alliance with Denmark’s
Tanker operator Diamond S reports strong second quarter
Greenwich, Conn.-headquartered Diamond S Shipping Inc. (NYSE: DSSI) has reported results for the second quarter of 2020 that included booking a net income of $45.7 million or $1.15 per basic share, compared
OSG reports profitable second quarter
U.S.-flag tank vessel operator Overseas Shipholding Group, Inc. (NYSE: OSG) reported second quarter results that included net income of $6.4 million, compared with a net loss of $1.7 million for the second
VIDEO: Stena Bulk offers customers low-carbon shipping options
Following up on a successful biofuel trial in April, Stena Bulk is now introducing low-carbon shipping options for its customers. Stena Bulk says the trial, in which a trans-Atlantic voyage was conducted
Teekay Tankers reports best first quarter in ten years
Vancouver, B.C., based Teekay Tankers Ltd. (NYSE: TNK) reported adjusted net income of $110 million for the quarter ended March 31, 2020, compared with $14.6 million in the first quarter of last