Teekay, one of the world’s largest marine energy transportation, storage and production companies, has signed up to the Ship Recycling Transparency Initiative (SRTI).
Nordic American Tankers (NAT) has underscored its belief that scrubbers are not the right solution for it to comply with IMO 2020, flagging up restrictions of use and possible bans on exhaust gas cleaning systems by some ports.
The delivery of fewer newbuildings has led to an aging yet still expanding Greek fleet capacity wise though the number of shipping companies is in steady decline according to a new study of the Greek shipping.
Maritime companies have generally failed to gain respect from investors. With a few exceptions, share prices are below the net asset values - a proxy for the liquidation value if a company could be broken up, assets sold, and debt paid off.
Though Greek owners continue to rule the global roost when fleet size and asset value, due to the unstable market conditions and new regulatory requirements, for the first time in decade on an annual basis in the 12 months to the beginning of March the size of the Greek-controlled fleet recorded a decline year-on-year.
In profile: Bahri are a Strategic Partner of the Saudi Maritime Congress and will be in attendance at the event in Riyadh on 11-12 March. Ahead of the show, they share with Seatrade Maritime News their current standing in the industry, as well as their contribution to regional growth.
Wilhelmsen Ship Management (WSM) is re-entering the crude tanker segment a decade after it exited with the sale of ITM Ship Management.
Panama agreed to remove from its Ship Registry some 60 Iranian vessels to avoid being placed on a US Treasury blacklist.