Greece-based Navios Maritime Acquisition Corporation announced that it completed the acquisition of Navios Maritime Midstream Partners. “Following the close of the market on December 13, Navios Midstream common units no longer are publicly traded on th…
Navios Acquisition Completes Navios Midstream Merger Read More »
Mitsui O.S.K. Lines (MOL) announced that its group company, Mitsui O.S.K. Passenger Line (MOPAS) was recognized for its “efforts on market development by the Nippon Maru One Night Cruise,” and received the award for outstanding performance in…
MOL Passenger Line ‘Cruise of the Year 2018’ Read More »
In November, tanker spot freight rates for dirty vessels showed a significant increase as rates continued to rise from the previous month, as per the latest monthly report from OPEC. Average spot freight rates increased for the third month in a row, sh…
Tankers Rebound in November Read More »
In November, VLCC utilization increased to the highest level observed since the beginning of the year at 60.55%, nearly as high as the level observed in November 2017 (60.58%). Through the first 11 months of the year, utilization has averaged 59.99%, c…
VLCC Utilization Up in November Read More »
Located in a modern science park in Bergen, Norway, DNV GL’s Materials and Corrosion Technology Centre and its sister facility, the Technology Centre for Offshore Mooring and Lifting, are only two years old. But both facilities are staffed by personnel…
Where technology meets competence Read More »