MISC eyes secondhand tanker purchases

Malaysian carrier MISC, rejuvenated by improving tanker freight rates, could purchase secondhand oil tankers if these are backed by charter contracts.
The company’s new chief executive officer, Yee Yang Chien, made this revelation at a recent briefing for analysts.
CIMB Securities analyst Raymond

Court blasts EPA ballast water rules

A three-judge panel overturned rules governing the United States’s ballast water regime in a significant decision affecting vessel operators trading in US waters.
In a 5 October decision, the US Court of Appeals for the Second Circuit found that the US Environmental Protection Agency (EPA) “acted