Work has begun on building Europe’s largest butane river tankers at VEKA shipyard in the Netherlands.
The IMO 2020 clock is ticking - as 1 January 2020 looms closer, now little more than one year away, interest in scrubbers seems to have surged. Most notably, a number of public companies have joined the scrubber fray, leading financial analysts, rather than purely technical types, to look closely at their economics.
Ardmore Shipping is to fit Optimarin ballast water treatment systems (BWTS) to 18 tankers in its fleet, noting operational problems it has had 10 “alternate” systems it has installed.
Commodities trading house Trafigura has named the first two of some 35 newbuildings being built at yards in South Korea and China.
Greece is still by some way the largest shipowning country, but the gap is closing as China’s fleet expansion continues at a rapid rate as it overtakes Japan for the number two position.
Dorian LPG has fired back that BW LPG has been “disingenious” to say it has been unresponsive to the Singapore-owned company's takeover proposals.
Common Structural Rules Software, a joint venture company formed by ABS and Lloyd’s Register (LR), has released a software upgrade that simplifies compliance with current and pending IACS Common Structural Rules (CSR).
Malaysia’s MISC was reasonably upbeat on the tanker market going forward but warned that earnings are still being hit as fleet growth continues to put pressure on petroleum freight rates.
Brightoil Petroleum’s financial seem to be ongoing with the troubled oil services group planning the divestment of its Zhoushan Oil Storage and Terminal Facilities, and its 15 tankers, essentially shutting down its oil tanker and marine transportation business and severely crimping its oil storage business.