Friday, June 22, 2018

North Sea Crude Ship-to-Ship Offers Multiply Despite Viable Arbitrage East

Three ship-to-ship (STS) offers of North Sea’s Forties crude were shown during the Platts Market on Close assessment process Tuesday, after two STS offers...

Moody’s: Stable Outlook for Global Shipping Companies on 4%-5% Earnings Growth

The outlook for the global shipping sector for the next 12 months remains stable on the back of expected supply-demand improvements in the dry...

China’s Threat to U.S. Crude, Coal Exports – Tactical Strategy

China’s threat to impose tariffs on U.S. crude oil, certain refined products and coal is possibly the only sign of clear thinking in the...

Dorian LPG Declines BW LPG’S Unsolicited Proposal

Dorian LPG Ltd. On Friday announced that its Board of Directors has unanimously declined an unsolicited, conditional proposal from BW LPG Ltd. to combine...

Total Lubmarine obtains NOLs from MAN for Lubricant Products

Global marine lubricant provider Total Lubmarine has announced that it has received two No Objection Letters (NOL) from equipment manufacturer MAN Diesel and Turbo...

SAL Heavy Lift Signs Contracts for Horns Rev 3 Shipments

SAL Heavy Lift repeats success by signing contract for shipment of a total of 49 transition pieces for the Horns Rev 3 Offshore Wind...

Prosafe Extends Standstill Agreement with Cosco

The standstill agreement between Prosafe and COSCO related to Safe Nova and Safe Vega has recently been extended until 30 June 2018. Prosafe continues...

Subsea 7 Awarded Contract Offshore Egypt

Subsea 7, on Wednesday, announced that it has bagged a sizeable(1) engineering, procurement, installation and commissioning contract by Burullus Gas Company for the West...
Panos Kirnidis BEng, MSc CEO of PISR

SMARTer ships are the future of shipping

There is no turning back says CEO SMART ships will continue to be the driving force for the new decade as technology puts the control...

Trafigura Announces Half-Year Results

Trafigura Group Pte Ltd (“Trafigura”), one of the world’s leading independent commodity trading companies, has today announced a growth in revenues and volumes in...