Euronav to raise $1.085 billion
JANUARY 7, 2014 — Antwerp, Belgium, headquartered Euronav is to raise $1.085 billion to fund the $980 million acquisition of 15 VLCCs from Maersk Tankers that it announced Sunday. It will raise
tankers
IACS adopts new Common Structural Rules
DECEMBER 20, 2013 — IACS, the International Association of Classifications Societies, has unanimously adopted new harmonized Common Structural Rules (CSR) for oil tankers and bulk carriers. The new rules will apply to
CIT Maritime Finance in third deal with Alterna
AUGUST 8, 2013 — Back in May, Svein Engh, Managing Director and Group Head of CIT Maritime Finance said that right now is “the perfect time” to be in the maritime finance
Crowley seeks Title XI guarantees for two tankers
JULY 19, 2013 — The most recent listing of pending Title XI shipbuilding loan gurantee applications released by the U.S. Maritime Administration shows that Crowley Tankers, LLC, applied July 1 for financing
New society will promote LNG as marine fuel
MAY 29, 2013 — A newly created Society for Gas as a Marine Fuel (SGMF) has been established to encourage the safe and responsible operations of vessels using LNG as fuel and
Odfjell and NCC to dissolve NOCT chemical tanker pool
APRIL 9, 2013 — After four years of cooperation Odfjell Tankers (Odfjell) and National Chemical Carriers (NCC) have agreed, effective June 1, 2013, to dissolve their pool of 40,000 to 45,000 dwt
Teekay Tankers orders LR2 product tankers at STX
APRIL 8, 2013 — “The shift in global refining capacity east of the Suez Canal, development of new long-haul product tanker trading patterns, including the potential for increased U.S. exports, and a
U.S. slaps Iran sanctions on Greek shipowner
MARCH 15, 2013 — The U.S. Department of the Treasury yesterday imposed sanctions on a Greek businessman, Dr. Dimitris Cambis, saying that he helped Iran evade international oil sanctions. Now named Ocean
Scorpio Tankers continues newbuilding spree
MARCH 7, 2013 — Scorpio Tankers Inc. (NYSE: STNG), which last week announced it had exercised options at Hyundai Mipo Dockyard for the construction of four MR Product tankers and two Handymax
Headhunter systems installed in MWCC capture vessels
MARCH 6, 2013 — Mark Mellinger, President of Headhunter, Inc., Fort Lauderdale, FL reports the completion of the installation of the company’s Tidalwave HMX sewage treatment plant on the first of two