In its latest monthly report this week, OPEC said that in May, weak dirty tanker market sentiment continued, despite spot freight rates mostly showing gains from the previous month across a number of routes. Vessels of different sizes, in both clean an…
Tanker Markets Find No Respite in May Read More »
TEN, Ltd (TEN) reported results (unaudited) for the quarter ended March 31, 2018. Q1 2018 Summary Results TEN generated gross revenues of $125.7 million, an Operating Income of $5.6 million and incurred a net loss of $11.9 million in the first quarter …
Dorian LPG Ltd. announced that its Board of Directors has unanimously declined an unsolicited, conditional proposal from BW LPG Ltd. (OB: BWLPG) (“BW LPG”) to combine with Dorian in a stock-for-stock transaction. After a thorough review, co…
Dorian LPG Board Declines BW LPG’S Unsolicited Proposal Read More »
FUELSAVE GmbH, a German energy efficiency start up for fuel and emissions reduction, has launched a ground-breaking technology capable of optimising the fuel consumption efficiency of all marine diesel engines. The technology, proven in both in-the-fie…
FUELSAVE Introduces Fuel Consumption And Emissions Abatement Game-Changer Read More »
Despite the fact that ship owners have been more inclined to acquire a second-hand vessel, rather than invest in a newbuilding these days, prices for the latter have started to inch higher. Contracting activity has picked up (that’s reason No1), …
Newbuilding Prices On the Rise as Higher-Spec Vessels Are Ordered Read More »