BP Plc’s trading arm on Friday entered a tolling agreement with the owners of an idled oil refinery in St. Croix, U.S. Virgin Islands, cementing plans to bring the plant back online six years after it was idled by previous owners, the company…
BP to Supply Crude to St. Croix Refinery Read More »
Fortunes have improved in the tanker market as of late, as per the latest monthly OPEC report. In October, tanker spot freight rates for dirty vessels increased considerably, with gains being registered across all classes trading on all major routes. A…
Tanker Market On a High Note Read More »
Instances of damage to vessels’ machinery, including engine breakdowns, as a result of contaminated fuel have reached unprecedented levels. Since the first reports of this ‘bad bunker’ fuel appeared in Houston at the beginning of 2018, it is thought th…
‘Bad bunkers’ – common challenges, recommended actions Read More »
Liberia has become the first ship registry to be admitted to the Maritime Anti-Corruption Network (MACN) as an associate member. Alfonso Castillero, CCO of the Liberian Registry, says, “We are greatly honoured to be the first ship registry admitted as …
Liberia becomes first flag state to join the Maritime Anti-Corruption Network Read More »
Glosten and C-Job Naval Architects announced a partnership as executives from the two firms met recently at Glosten’s newly opened East Coast office to sign a Memorandum of Understanding (MOU) defining the firms’ shared goals and objectives.“This…
Glosten, C-Job Sign MOU Read More »