Nordic American Offshore dives 14% in New York
Herbjorn Hansson-led owner slammed by triple whammy of skipped dividend, potential reverse split and quarterly losses.
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August 2018
BIG LIFT: The Importance of the JH143 Builder’s Risk Surveys
The importance of a JH143 Builder’s risk survey has been well documented. Since the Joint Hull Committee created JH 143 – Shipyard Risk Assessment form was brought into effect in November 2003, it has become a valuable tool that insurers can use to eva…
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Fishing Vessel Runs Aground near Santa Cruz
Responders are working to remove fuel from the tanks of a 56-foot commercial fishing vessel that ran aground near California’s Monterey Bay National Marine Sanctuary on Sunday.The grounded vessel, Pacific Quest, is broken up and beached near Seymour Ma…
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Reprieve for US oil industry as China drops crude off tariff list
Sinopec lobbying prompted crude exemption, propane and other refined fuels to face 25% tax.
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CMM Selects ABS Asset Management Platform
Tanker operator Consolidated Marine Management (CMM) is implementing an Enterprise Asset Management (EAM) Program with ABS Advanced Solutions.“We had intensive discussions with ABS to validate the assessment process and capabilities of the team to revi…
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