The 2014 US maritime season has opened with activity on several fronts. In Washington, DC the Maritime Administration (MARAD), under its new Administrator Chip Jaenichen, hosted a three-day symposium on US maritime strategies going forward. The...
Marine fuels supplier Brightoil Petroleum has announced a positive profit alert for the six months ended 31 December 2013, signalling a return to the black from a loss in the corresponding period of 2012.
Qatar Shipping has secured a QAR1.55bn ($425.7m) loan from a consortium of international banks to refinance its four LNG tankers.
China Shipping Haisheng (CS Haisheng) has forecast a return to profit in its financial year ended 31 December 2013 over a deficit in the previous year.
“Worse things happen at sea” the saying goes, but does anyone using that phrase envision possibly burning to death in a chemical fire, hundreds of miles out to sea, while bureaucrats squabble over whose problem it is?
Loss making Nanjing Tanker Corporation (NJTC) is hoping to secure a loan of RMB9.2bn ($1.5bn) from banks this year, as it expects to post a 2013 full year deficit.
Liberian-flagged tanker Kerala has gone missing off the coast of Angola, with local authorities fearing a hijacking – further south than any previous West Africa piracy incident.
Despite making a loss in 2013 Euronav is already eyeing more opportunities in the large tanker sector just weeks after buying Maersk Tankers VLCC fleet for $980m.
Teekay Corporation and Teekay Tankers have created Tanker Investment Limited (TIL) and have each invested $25m in the spin-off's $250m private equity offering.