Floating Storage Offloading News Today

A former director-general of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Ade Dosunmu, on Tuesday faulted the proposed merger of

June 20, (THEWILL) - My attention has been drawn to speculation purported to have emanated from the Presidential Policy Advisory group, erroneously classifying the Nigerian Maritime Administration and Safety Agency (NIMASA), as a revenue generating Agency, thereby proposing a merger of NIMASA, CUSTOMS and FIRS. It is a very serious misconception and dangerous for the

Following this, the former boss of the Transport agency called on President Bola Tinubu to consult widely with the stakeholders in the industry before taking final decision on the proposal.

Two workers died this week in an accident at a shipyard run by Singapore’s Keppel Corporation (SGX:BN4). The Bangladeshi men, aged 30 and 42, were

As part of its efforts to sustain its contribution to the economy of Nigeria and to boost its revenue in the era of ‘low season’ of offshore projects, Samsung Heavy Industries Nigeria (SHIN) has partnered with COSCO shipping Lines (Nigeria) Company Limited on handling and storage of empty containers at the SHI-MCI yard. The empty ...

Chart courtesy BIMCO In the first four months of 2021, the amount of oil product tanker capacity that has been sent for demolition has already reached the total amount of demolished capacity in each of 2019 and 2020 due to unfavourable freight rates. If that pace continues for the rest of the year, an 11-year record is set to be broken. This according to a report out today from BIMCO, which shows that so far this year, 10 crude oil and 38 oil product tankers have left the active trading fleet a...

BIMCO: Oil product tanker demolition on track to break 11-year record May 11, 2021, by Jasmina Ovcina In the first four months of 2021, the amount of oil product tanker capacity that has been sent for demolition has already reached the total amount of demolished capacity in 2019 and 2020 respectively due to unfavorable freight rates. If that pace continues for the rest of the year, an 11-year record is set to be broken, according to BIMCO. It would...

Oil product tanker demolition on track to break 11-year record In the first four months of 2021, the amount of oil product tanker capacity that has been sent for demolition has already reached the total amount of demolished capacity in each of 2019 and 2020 due to unfavourable freight rates. If that pace continues for the rest of the year, an 11-year record is set to be broken. So far this year, 10 crude oil and 38 oil product tankers have left the active trading fleet and the development in cr...

International Seaways Reports Fourth Quarter and Full Year 2020 Results Read full article Oops! International Seaways, Inc. (NYSE: INSW) (the "Company" or "INSW"), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets, today reported results for the fourth quarter and full year 2020. Highlights Net loss for the twelve months ended December 31, 2020 was $5.5 million, or $0.20 per diluted share. Ne...