Chinese private refiner could not pass the credit checking for its bareboat charter project for 50-60 tankers, and its chairman Sun Hengchao is facing at least one criminal charge.
Baota’s 60-tanker project fails to materialise amid financial woes Read More »
To help increase ratification of the FAL Convention and improve understanding of its requirements, two National Seminars on Facilitation of International Maritime Traffic have been delivered by International Maritime Organization (IMO), in cooperation …
Pacific Region to Enhance Maritime Traffic Read More »
Company sold 10 older vessels and bought three newbuilds in 2018
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Nordic American Tankers sells two more ships Read More »
New data seems to suggest that the recent rally in tanker freight rates could be more than just a blip. In its latest weekly report, shipbroker Intermodal said that “halfway through the fourth and last quarter of the year, we spot a significant change …
Christmas Arrived Early for Tankers: Will they last? Read More »
Average vessel operating costs rose modestly for the second year in succession following two years of marked declines, but cost inflation is set to accelerate on higher insurance premiums, according to the latest Ship Operating Costs Annual Review and …
Ship operating costs reach inflection point as inflation returns Read More »