OSG files for Chapter 11........(Nov 15 2012) - Overseas Shipholding Group (OSG) confirmed on Wednesday that it had filed voluntary Chapter 11 petitions for itself and certain operating subsidiaries in the US Bankruptcy Court for the District of Delaware. >>more
..........AMSC monitoring situation(Nov 15 2012) - Provider of product tankers to OSG under bareboat terms, American Shipping Co (AMSC), said that it was monitoring the situation closely. >>more
Westgarth to quit Teekay(Nov 15 2012) - In a surprise move, Graham Westgarth is to resign his position as Teekay Corp's executive vice president, Innovation, technology and projects effective 31st December, 2012, after more than 13 years of service with the company. >>more
Teekay to purchase a Remora HiLoad and invest in company(Nov 15 2012) - Teekay Offshore Partners is to acquire a 2010-built HiLoad dynamic positioning (DP) unit from Remora, a Norwegian-based offshore marine technology company, for about $55 mill. >>more
Tanker impairment charges dent AP Moller-Maersk group profits(Nov 15 2012) - Despite AP Moller's the third quarter result being better than expected, particularly in Maersk Line and Maersk Oil, it was negatively affected by vessel impairments of $267 mill on some of Maersk Tankers' crude and product tanker segments. >>more
Odfjell hit by weak market and terminal problems(Nov 15 2012) - Parcel tanker and terminal operator Odfjell said that a continued weak chemical tanker market and restructuring costs in Rotterdam had impacted on its third quarter results. >>more
NORDEN holds its own in weak market(Nov 15 2012) - Danish drybulk and tanker owner NORDEN reported an EBITDA of $23 mill in the third quarter of this year. >>more
Navios continues to stem losses(Nov 15 2012) - Navios Maritime Acquisition Corp has reported a 21.5% increase in the company's third quarter revenue to $37.8 mill and an 18.8% increase in quarterly EBITDA to $24 mill. >>more
Aegean weathers a slight decrease in revenue and sales (Nov 15 2012) - Bunker supplier and tanker operator Aegean Marine Petroleum Network recorded net income the third quarter of this year of $8 mill and a net loss of $3.3 mill. >>more
IMO to reduce number of sub-committees(Nov 15 2012) - The IMO Council has endorsed, in principle, a restructuring of its sub-committees, which would see the number fall to seven from the current nine. >>more
Companies not aware of SEEMP fuel savings survey finds(Nov 15 2012) - A survey conducted by Finnish ship design and operations software house NAPA into preparation levels for the forthcoming IMO ship energy efficiency management plan (SEEMP) has revealed that a majority of respondents were unaware of scope of potential fuel savings the plan could trigger. >>more
BP signs up to Jeppesen's voyage optimisation software(Nov 15 2012) - Jeppesen has won a contract to provide its optimisation solutions to BP Shipping. >>more
Zodiac chooses iOra replication software (Nov 15 2012) - Software house iOra, has been appointed by UK-based shipmanagement company, Zodiac Maritime Agencies to supply its patented replication technology over a four year period. >>more
NSR sees more jet fuel and LNG cargoes this season(Nov 15 2012) - The loaded LNGC 'Ob River' recently left the Snohvit gas export terminal, near Hammerfest for Japan via the Northern Sea Route (NSR). >>more
Tankers propeller repairs undertaken afloat(Nov 15 2012) - Recently, Hydrex teams have carried out a wide range of afloat underwater propeller operations on tankers. >>more
Damen Brest welcomes tankers (Nov 15 2012) - After the successful drydockings of the Bonny Gas Transport 'LNG Sokoto' and the LNG carrier 'Lalla Fatma N'Soumer', Damen Shiprepair Brest has won three tanker repair contracts. >>more
BIMCO to open up in Shanghai(Nov 15 2012) - BIMCO is to open its Shanghai Centre office on the 25th February 2013 and in conjunction with the ceremony a 'Senior Leadership Forum' will be held. >>more
MSI chooses BASSnet (Nov 15 2012) - Singapore-based MSI Ship Management has chosen BASSnet to help the company undergo a major IT system upgrade for its entire fleet. >>more
Survey on seafarer red tape backed by shipmanagers(Nov 15 2012) - InterManager is supporting a survey, which aims to identify how much of a burden red tape places on seafarers. >>more
Risk assessment DVD now available from leading P&I club(Nov 15 2012) - The UK P&I Club has produced a new DVD that places a specific focus on the 'Bow Tie' concept - a risk assessment initiative to help members identify and prioritise risks across their whole fleets. >>more
Panama gives Ambrey Risk the nod of approval(Nov 15 2012) - Maritime Security concern Ambrey Risk has been awarded accreditation to work with Panama-flagged vessels. >>more
Agents should try to avoid making costly errors(Nov 15 2012) - International Transport Intermediaries Club (ITIC) has warned how avoidable errors can prove expensive for ship agents. >>more
Ship lifecycle costs to be addressed by Japanese co-operative(Nov 15 2012) - ClassNK, IHI Marine United (IHIMU), Diesel United (DU) and IBM Japan have announced that they will jointly develop a ship maintenance management system to help reduce ship lifecycle cost. >>more
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