LR issues statutory alert on taker stability instrumentation

SEPTEMBER 1, 2015 — Lloyd’s Register has issued a statutory alert to owners and managers of oil tankers, chemical tankers and gas carriers on new requirements for stability instruments on tankers The

CIT Group helps Advantage acquire Suezmax tanker duo

AUGUST 20, 2015 – CIT Group Inc. (NYSE:CIT) reports that CIT Maritime Finance provided a $61 million senior secured credit facility to Advantage Tankers, LLC to support the acquisition of two Suezmax

Nigeria slaps ban on 113 tankers

JULY 24, 2015 — Nigeria’s state oil company, Nigerian National Petroleum Corporation (NNPC) on July 15 listed 113 tankers prohibited, with immediate effect, from “engaging in crude oil/gas … activities in any…

Damen Yichang to extend its product portfolio

MARCH 16, 2015 — The Damen Yichang Shipyard in China, a joint venture between Damen Shipyards Group and Sinotrans CSC, is to offer a broader portfolio of vessels, adding other hi-tech vessels

Scorpio converts bulker newbuild orders to LR2 tankers

DECEMBER 17, 2014 — Scorpio Bulkers Inc. (NYSE: SALT) reports that it has reached agreements with shipyards in South Korea and Romania to modify six newbuilding contracts for Capesize bulk carriers into

Stolt to relocate Stamford tanker staff to Houston

OCTOBER 27, 2014 — Stolt-Nielsen Limited (Oslo Bors: SNI) is to relocate its tankers’ staff in Norwalk, CT to Houston, TX. The move will consolidate the company’s U.S.-based staff in Houston, which

Coast Guard responds to multiple vessel collision

AUGUST 13, 2014 —  Coast Guard Sector New Orleans is investigating a multiple vessel collision on the Mississippi River, near the Gretna ferry landing, early Wednesday. Watchstanders received a report, late Tuesday

Philly Tankers firms up order for Jones Act tankers

JULY 11, 2014 — Aker Philadelphia Shipyard and newly-established Philly Tankers have now, through their subsidiaries, entered into firm contracts for two eco-design product tanker newbuilds and options for two additional vessels

DNV GL carries out HAZID on methanol fueled newbuilds

MAY 14, 2014 — DNV GL has conducted a risk assessment “hazard identification study (HAZID)” on a series of three 50,000 dwt methanol-fueled tankers that are building in Japan for charter to

DHT signs LOI for three VLCCs from HHI

JANUARY 31, 20014 — DHT Holdings, Inc. (NYSE: DHT) says that it has entered into a letter of intent (LOI) with Korean shipbuilder Hyundai Heavy Industries Co., Ltd. for the construction of

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