oil tankers
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American Shipper
OFAC fires another sanctions salvo at Venezuelan oil tankers
The Treasury Department agency is closely monitoring vessel name changes used by Venezuelan and Cuban authorities to sidestep U.S. trade sanctions.
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Asia-Pacific
Cosco Energy Shipping shrugs off U.S. sanctions to report increased revenues and profit
COSCO Shipping Energy Transportation (HKEX: 01138; SSE: 600026) has shrugged off U.S. sanctions on subsidiary companies to report a huge jump in revenues and a…
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American Shipper
Ardmore: 2020 marine gasoil demand to top expectations
Ardmore Shipping execs predict the initial IMO 2020 phase will favor more expensive 0.1% MGO.
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American Shipper
How drone attacks impact shipping: crude tanker fallout
The drone attacks in Saudi Arabia are reverberating across the ocean shipping business. Part II: the impacts on the crude tanker segment.
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American Shipper
Shipping magnate goes ‘all in’ with IMO 2020 wager
John Fredriksen’s shipping companies are increasing their exposure to IMO 2020 market effects.
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Canada
British Columbia tanker ban stays afloat in Canada’s Senate
Lawmakers quash recommendation to reject C-48, which would effectively ban large-scale crude transport along the northern coast.
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Canada
British Columbia oil tanker ban hits resistance in Canada’s Senate
Transport committee recommends against passage of bill C-48, which would effectively bar crude shipments from ports north of Vancouver.
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Company earnings
DryShips forges ahead as legal challenges persist
Despite the controversies through the years, DryShips has proven to be a survivor – and has posted another quarterly profit.
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