Bagsvaerd: Angus Frew, ceo of the UK Chamber of Shipping, will take over as secretary general of Bimco later this year when current secretary general Torben Skaanild retires.

MR product tankers continue to lead the way in an otherwise dire tanker market. Some Atlantic rates may have slackened slightly but Baltic/UKC and UKC/UKC MR earnings last week were a staggering $32,000 and $51,000 a day according to Clarksons...

Athens: Tanker pool manager Heidmar is to diversify into new areas of the market in a bid to boost revenue stream and win new clients.

Rome: Product tanker company d'Amico International Shipping S.A. reported a net loss of $106m for 2012 after $85m of asset write downs hit its books.

New York: Ever-expanding Scorpio Tankers Inc. has exercised options for six product carriers at Hyundai Mipo Dockyard Co. (HMD) in a deal worth around $195m.

Shanghai: Nanjing Tanker Corporation, through its subsidiary Nanjing Yangyang Chemical Transport, has entered into a sale and leaseback deal with CMB Financial Leasing regarding four chemical tankers.

Hong Kong: Brightoil Petroleum plunged to a HKD871.15m ($112.29m) interim loss from a HKD965.23m profit in the previous corresponding period as both the International Trading and Bunkering (ITB) and Marine Transportation (MT) businesses faced a...

Copenhagen: Recently restructured Danish shipping firm Torm has announced that the sale of five of its vessels will see its 2012 losses reach $579m.   

Stavanger: Norwegian gas carrier Solvang ASA today announced improved earnings in the fourth quarter and full year 2012.

VLCCs losing $20,000 a day going west and MR product carriers earning upwards of $20,000 a day on some routes - welcome to the topsy-turvey tanker market!