CPLP, OSG Reach Conditional Agreement
Capital Product Partners L.P. (the "Partnership" or CPLP) (NASDAQ: CPLP) has reached a conditional agreement with Overseas Shipholding Group Inc. (OSG) and certain
View ArticleDoes Chapter 11 Work for Foreign Shipping Companies?
In the past two or three years, we have seen a wave of shipping companies file Chapter 11 bankruptcy cases in the United States. This latest wave started hitting
View ArticleCape Fear Federal Pilots Launch New Boat
Cape Fear federal pilot launches its first pilot boat and welcomes its latest customer, US Shipping Corp. After years of using a hired launch vessel for boarding ATB's,
View ArticleSHIPPINGInsight 2013 Agenda Published
The SHIPPINGInsight producers announced that the agenda for the 2013 Fleet Optimization Conference has been finalized. Now in its second year, the 2013 SHIPPINGInsight
View ArticlePOLB 'Green Flag', 'Green Ship', Program Awards
The Port of Long Beach's Green Flag and Green Ship annual awards honored 20 shipping lines for efforts to improve air quality. Efforts to improve air quality locally
View ArticleThe Year in Review
The last 12 months has been one for the books ... or the trash. There was no shortage of government inducements to turn the lackluster tide in 2012—stimulus spending in China and Japan,
View ArticleRegistration Open for SHIPPINGInsight Fleet Optimization Conference
The producers of the SHIPPINGInsight Fleet Optimization Conference have announced that online registration is now open. Following a successful inaugural conference in 2012,
View ArticleSHIPPINGInsight 2013 Announces Agenda and Speaker List
The SHIPPINGInsight conference producers have finalized the agenda and confirmed speaker list for the 2013 Fleet Optimization Conference, scheduled for Oct. 22-24
View ArticleAET Sign Up for ShipServ TradeNet Services
ShipServ, a leading marine and offshore e-marketplace, has been contracted by tankship operators AET to provide procurement software services for its fleet operations.
View ArticleFloating Production Systems: Market Update
Currently, 319 oil/gas floating production units are now in service, on order or being remarketed for reuse. FPSOs account for 66% of the existing systems, 73% of systems on order.
View ArticleJones Act Tankship Chartered at Record Daily $100,000
ExxonMobil Corp has agreed to renew its charter agreement for the 337,000-barrel 'Overseas Cascade' at an unprecedented $110,000 a day, nearly a 50 percent increase
View ArticleV.Ships to Take Over OSG's International Shipping
Overseas Shipholding Group, Inc. (OSG) today announced that it intends to outsource the technical management of its international flag shipping business to V.Ships, a third-party ship manager.
View ArticleCrude Oil Carriers DHT Report Favourable Wind in Q4 2013
Oslo, Norway-based DHT Holdings, Inc. reports fourth quarter 2013 results and the acquisition of two VLCCs. Financial Highlights of the quarter EBITDA for the quarter of $18.
View ArticleEuronav Completes Maersk VLCC Financing
In early January 2014, Euronav announced the acquisition of 15 Very Large Crude Carriers (VLCC) from Maersk Tankers Singapore Pte Ltd. for a total acquisition price of $980 million (USD),
View ArticleOSG Withdraws Authorization to Sell Assets
On February 4, 2014, Euronav announced that it had formed a joint venture with GSO Capital Partners LP (GSO) for the purpose of potentially purchasing some vessels
View ArticleMaritime Administrator Paul “Chip” Jaenichen to Close NMDay 2014
Acting Maritime Administrator, Paul “Chip” Jaenichen will close the “Safety at Sea” Seminar being hosted by North American Marine Environment Protection Association
View ArticleAgenda For June 19 Public Meeting on NPREP Guidlines
Leaders of the maritime industry will convene in Washington, D.C. on June 19 with representatives of the relevant government agencies to have a dialogue addressing concerns with,
View ArticleUS Tankers Built on Spec Face Choppy Waters
U.S. shipbuilders are making a $500 million bet on robust domestic demand for crude oil from newly-tapped shale fields by building new tankers without having lined up customers to lease them.
View ArticleOverseas Shipholding CEO Capt. Robert Johnston to Retire
Overseas Shipholding Group, Inc. announced today that Captain Robert Johnston, President and Chief Executive Officer, will retire from the company effective immediately.
View ArticleShippers Must Reduce Costs, Boost Efficiency
So what’s keeping ship operators awake at night these days? Plenty, it seems. Sluggish recovery from a lingering worldwide recession, unsustainable debt loads,
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