The US will not extend the waivers to exempt export of Iranian oil from sanctions. This could make rates in the tanker market increase, projects Clarksons.
The LNG market is "fragmented", and there is potential for greater consolidation, John Fredriksen's Flex LNG says to ShippingWatch. The shipping company says it is prepared to buy up, according to CEO.
Qatar's huge LNG vessel order could end up exceeding 100 ships, says the country's energy minister in connection with the order being sent to tender.
Tanker company d'Amico International Shipping has raised more than EUR 42 million in a new equity issue. The fresh capital will be used to bolster the shipping company's balance ahead of an expected rate recovery with the 2020 sulfur regulations, says CEO Paolo d'Amico.
The upcoming sulfur regulations are approaching, and this is now starting to really boost the product tanker market, leading to higher rates and ship asset values, writes Morgan Stanley in an update.
Avance Gas has now found a replacement for Christian Andersen as CEO of the gas shipping company. The new chief executive will join the company in August 2019.
Shipbuilder Daewoo has won its fourth order for an LNG ship this year. The yard has so far bagged orders for a total of USD 1.3 billion in 2019, reports Yonhap.
A court has ruled that Nordic American Tankers must provide a bank guarantee for its former CFO's pension. And the ruling also rejects a claim from the shipping company's CEO Herbjørn Hansson that the former CFO was disloyal, reports Dagens Næringsliv.
Maersk Product Tankers has recorded a large deficit for its first full year as an independent company. Weak rates dragged the operator into the red. The CEO is not satisfied with the result but remains optimistic about the future.
ShippingWatch has learned that the Celsius has added another three MR ships to its fleet. Celsius now owns 13 product tanker ships.
Teekay Offshore has borrowed over USD 400 million to fund four tanker newbuilds sailing on LNG. Two vessels will be chartered to Equinor in the North Sea.
Flex LNG, controlled by John Fredriksen, has applied for a listing on the New York Stock Exchange listing.
A large fire at a petrochemical terminal in the US and the upcoming global sulfur regulations could impact Stolt-Nielsen's businesses. According to the Norwegian shipping company's CEO, customers will have to foot the bill for the new fuel regulations.
While revenue grew in the fourth quarter and for the year as a whole, 2017's profit turned into a deficit in 2018 for gas carrier Navigator Holdings.
Crude oil carrier Euronav has appointed a new CEO who will take over from Paddy Rodgers in an internal promotion.
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