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
tankers
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
Frontline reports strong quarter, postpones scrubber installations
John Fredriksen controlled tanker giant Frontline Ltd. reported first quarter results that included net income of $165.3 million compared with $40.1 million in the same quarter of 2019. “Frontline achieved its strongest
International Seaways reports record first quarter
New York City headquartered International Seaways, Inc. (NYSE: INSW), one of the world’s largest tanker operators, reported net income for the first quarter of $33.0 million, compared to a net income of
Euronav swoops on fourth DSME VLCC newbuild resale
Euronav NV (NYSE: EURN & Euronext: EURN) has entered into an agreement to acquire a fourth resale VLCC newbuilding contract. Last month the tanker giant reached an agreement to acquire three VLCCs,
CMA names its 2020 Commodore
Lois Zabrocky, Chief Executive Officer of New York, N.Y. headquartered tanker operator International Seaways, Inc. (NYSE:INSW), has been named as the Connecticut Maritime Association (CMA) Commodore for the year 2020. Zabrocky follows