Friday, June 22, 2018

Tanker Owners Benefit from China’s Oil Imports

China has overtaken America as the world leader in crude oil imports. In the first half of 2017, it averaged 8.55 million b/d of...

Crimean Tanker, Shot by Libyan CG, Anchored at Malta

The Crimean oil tanker which was shot by a Libyan coastguard vessel after refusing orders to stop now lies anchored near the Hurd’s Bank,...

Libyan Port Benghazi Reopens After 3-Year Shutdown

Benghazi's commercial port officially reopened on October 1 after a three-year closure due to long-standing clashes between rival factions in the east Libyan city. To...

NAP Elaborates on Crude Tanker Industry Outlook at 3Q17

During the announcement of its financial results for the third quarter (3Q17), Navios Maritime Midstream Partners (NAP) offered key insights into the crude tanker...

Höegh LNG Partners to Acquire Remaining 49% Interest in FSRU Höegh Grace

Höegh LNG Partners LP today announced that it has agreed to acquire from a subsidiary of Höegh LNG Holdings Ltd. the remaining 49% ownership...

New MR Tanker for TOP Ships

TOP Ships has acquired all of the outstanding shares of PCH77 Shipping Company Limited, a Marshall Islands company that owns a new building contract...

d’Amico Announces the Sale and Leaseback of MT High Freedom

d’Amico International Shipping S.A. announced that its operating subsidiary d’Amico Tankers D.A.C. (Ireland) (“d’Amico Tankers”) signed a memorandum of agreement and bareboat charter...

MAN Diesel & Turbo and HHI to Collaborate on LPG Dual Fuel Engine

MAN Diesel & Turbo has signed a Memorandum of Understanding (MoU) with Hyundai Heavy Industries Engine & Machinery Division (HHI-EMD) regarding the development and...

Avance Gas (AVACF) VMA Trending Higher Of Late

Shares of Avance Gas (AVACF) have seen the volume moving average (VMA) climb over the past seven sessions.  The stock recently touched 2.6074, or...

Wärtsilä Wins Contract to Supply Re-liquefaction Plants to 3 LNG Carriers

Technology company Wärtsilä announced today that they have been awarded the contracts to supply re-liquefaction plants to three new LNG carriers currently under construction....