Pegasus Tanker Fleet Is Back In The Game
A crucial Caribbean tanker fleet re-entered the market this week, having been held back for over a month because of a dispute between its owner, Pegasus Shipping, and junk-bond creditors in New York.
VLCC Rates Sag On Asia Route
A huge oversupply of VLCCs for trades from the Mideast Gulf to Asia has led to the most serious market decline in over two years, pushing rates to 13-month lows, brokers said.
Three News Suspects Arrested In Cole Case
Police in Yemen have arrested three new suspects in the bombing of the American warship USS Cole in which 17 U.S. sailors were killed last year, a Yemeni government weekly said.
Single Hull Tanker Deadline Almost Agreed
Shipping legislators are close to agreeing a deadline for eliminating single-hulled tankers, a pollution hazard to the world's oceans and coastlines. "The deadline is 2015…
Hijacked Ship Docks Safely
A Panamanian ship docked safely at Calcutta on Friday, a day after it was hijacked near the port by an armed group, officials said. The ship, named Jubilee, with 23 people aboard…
First Wärtsilä Marine DF Engines Ordered
Wärtsilä Corporation has received the first order for Wärtsilä 32DF marine engines. PGS Production in Norway has contracted for two Wärtsilä 18V32DF engines to be installed in the FPSO (floating…