New Order for EMRI Autopilot
Furetank is about to delivery its newest generation of environment friendly product and chemical tankers, which are intended to sail in the waters surrounding Sweden. Especially the archipelagos are difficult to navigate through but as Furetank has experienced, the EMRI autopilots can do the job together with a good ECDIS voyage planning. Besides the autopilot, Furetank’s new fleet will receive its Remote-Control System from EMRI.
Dual Fuel Tug Delivered to Østensjø Rederi
After completing its sea trials program, Pax, the second dual fuel tug ever built in Europe, has been delivered to its owner, the Norwegian company Østensjø Rederi A/S. The first tug of this kind built in Europe, Dux, was delivered by the company last May. The vessel is the first tugboat of a series of three. Built by Spanish shipbuilder Gondan and designed by Canadian company Robert Allan Ltd. the new escort tug…
ICS Pleased with IMO's Enviromental Progress
Commenting on the outcome of last week’s meeting of the International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC), the International Chamber of Shipping (ICS) – which represents the world’s national shipowners’ associations – says it is pleased with the progress made by IMO Member States on a number of critical environmental regulatory issues that will have a profound impact on the future structure of the global shipping industry.
Baltic Index Down Again
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched lower on Monday on weaker rates for larger vessels.
BPCL to Buy First U.S. Crude via Tender
Indian refiner Bharat Petroleum Corp Ltd plans to buy its first ever cargo of crude oil from the United States, a tender document showed on Monday. BPCL is seeking…
Gulf Navigation Issuing $250 million in Bonds by September
Dubai's Gulf Navigation Holding , a listed shipping firm, plans to issue $250 million in sukuk, or Islamic bonds, in late August or early September, the group's chief executive said on Monday.
COSCO Shares Climb After OOIL Bid
COSCO Shipping Holdings Co Ltd saw its stock climb on Monday after bidding $6.3 billion for a Hong Kong peer, a deal that would see it become the world's third-biggest…
NITC: Tanker Shipments to Europe Increasing
NITC, Iran's leading oil tanker operator, said on Monday its shipments to Europe were increasing daily and it plans to upgrade its fleet to support expansion. International…
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