Scorpio Announces Merger With Navig8 Product Tankers

By MarEx 2017-05-24 19:17:54

On Thursday, Scorpio Tankers announced that it has acquired 27 recently built LR tankers by merging with Navig8 Product Tankers. The deal makes Scorpio the largest product tanker firm on a U.S. securites exchange, and Scorpio expects that the increased scale of its operations will reduce costs and increase vessel utilization.  According to VesselsValue, 10 of the LR1 and LR2s are owned and 17 are chartered-in. Navig8 has already

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Singapore is Second Largest Shark Fin Trader

By MarEx 2017-05-26 20:36:34

Singapore is the world’s second largest shark fin trader by value after Hong Kong according to a new report by TRAFFIC and WWF, who are calling on Singapore to improve...

Brooklyn Cruise Terminal

Ports America to Operate Brooklyn Cruise Terminal

By MarEx 2017-05-26 20:00:40

New York City Economic Development Corporation (NYCEDC) has chosen Ports America to operate both Manhattan and Brooklyn Cruise terminals through until 2029.  Ports...


Record Tanker Arrival in Gulf of Mexico

By MarEx 2017-05-26 19:26:41

The largest oil tanker to ever call at a Gulf of Mexico port arrived in the Port Corpus Christi on Friday. The VLCC Anne docked at the Oxy Ingleside Energy Center export...


U.S. FONOPs: Game On Again in the South China Sea

By The Lowy Interpreter 2017-05-26 17:35:56

[By Sam Bateman] According to multiple media accounts, the destroyer USS Dewey has recently sailed within 12 nautical miles of the Chinese-occupied Mischief Reef...

Kinder Morgan

Kinder Morgan Moves Forward on Trans Mountain Expansion

By MarEx 2017-05-26 17:22:09

Texas-based Kinder Morgan has taken a final investment decision for the Trans Mountain Expansion Project, subject to the successful completion of an IPO, which is expected to...

Stellar Daisy

Polaris Raided in Stellar Daisy Probe

By MarEx 2017-05-26 16:47:35

The South Korean Coast Guard has raided the offices of Polaris Shipping, the operator of the Stellar Daisy which sank in the Atlantic Ocean with 24 crew members on board....

Arnold Donald

Arnold Donald Recognized as Role Model

By MarEx 2017-05-26 04:23:09

Carnival Corporation's CEO Arnold Donald was named the top-ranked global executive on the Empower 100 Ethnic Minority Leaders list for his strong leadership and...


IBIA Positive About Proposed CO2 Compromise

By MarEx 2017-05-26 03:57:40

The International Bunker Industry Association (IBIA) says a proposal from the International Chamber of Shipping on curbing CO2 emissions may be a good compromise. Pressure...

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