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

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

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

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