Aegean Marine Petroleum Network Inc. (NYSE:ANW) (“Aegean” or the “Company”) announced that the U.S. Bankruptcy Court for the Southern District of New York (the “Court”) has approved its revised final motion related to $535 million in aggregate Debtor-i…
Aegean Marine Petroleum Network Inc. Expects Quick Emerge from Chapter 11 Read More »
Newbuilding ordering activity has started to pick up pace of late, while S&P deals are also on the rise, with more and more owners looking to conclude business deals. In its latest weekly report, shipbroker Allied Shipbroking said that “despite the…
Newbuilding Activity Rather Brisk, Whle S&P Deals on the Rise as Well Read More »
The IMO considers exhaust gas scrubbers to be an acceptable means of reducing vessels’ sulphur emissions and ensuring compliance with MARPOL Annex VI. A separate guideline, Resolution MEPC.259(68), specifies the requirements for the verification, testi…
Beware of local restrictions before discharging washwater from exhaust gas scrubbing Read More »
An increase of supply of crude oil from the Arab Gulf and a resulting need for additional infrastructure in terms of ports and pipelines could result in a heightened use of VLCCs in the region. In its latest weekly report, shipbroker Gibson said that “…
VLCCs Could Enjoy Increased Supply of Cargoes from Arab Gulf Read More »
The debate over the strategy with the best results, when it comes to complying with the 2020 IMO rules for the use of lower sulphur fuels on the existing fleet is still raging. In a recent press event, the Piraeus office of DNV GL, which also acts as t…