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Sat10252014

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Genesis Buys Jones Act Tanker

Genesis Energy, L.P. has bought the 49,000 dwt products tanker M/T American Phoenix from Mid Ocean Tanker Company, and two related charters and management agreements for around USD 157 million, the Houston-based company said in a release. The American Phoenix, completed in 2012, is a double-hulled, Jones Act qualified tanker with 330,000 barrels ...

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Diamond Offshore to Scrap Six Rigs

Deepwater drilling contractor Diamond Offshore Drilling, Inc. has revealed plans to retire and scrap six of its mid-water semisubmersible rigs. The plans are expected to result in a non-cash impairment charge in the third quarter of USD 109 million before tax, or USD 0.84 per share after tax, the company said. The retired units include […]...

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Ship owners more cautious on new investments, as overall price trend is ... - Hellenic Shipping News Worldwide


Ship owners more cautious on new investments, as overall price trend is ...
Hellenic Shipping News Worldwide
Various trends are reported by shipbrokers in the newbuilding and s&p markets over the past few days. The newbuilding market appears to be thinning out, as many potential orders are currently on hold. Similarly, in the s&p markets,...

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New York, London Juxtaposed by New Maritime Event - MarineLink


New York, London Juxtaposed by New Maritime Event
MarineLink
On November 13, the newly formed New York Maritime Consortium, a coalition of leaders from New York Maritime Inc. (NYMAR), the Society of Maritime Arbitrators (SMA), the Maritime Law Association (MLA) and the Association of Shipbrokers and Agents ...

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Image of the Day: Polar Light Show

This phenomenon in the sky is known as Aurora, which is a natural light display in the sky. Aurora can be seen in the high latitude regions, like the Arctic and the Antarctic. A region displaying an aurora at any given time is known as the auroral oval, a band which is displaced towards the […]...

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