BIMCO: January Tanker Deliveries at a Record High

Crude oil tanker deliveries reached a record high in January as 5.5 million dwt of the capacity entered the fleet so far this year, representing an increase of 220% from January 2016, BIMCO said citing preliminary data from VesselsValue.

Canada to Formalize Crude Oil Tanker Moratorium on British Columbia’s North Coast

The government of Canada will introduce legislation by spring 2017 to formalize a moratorium for crude oil tankers on British Columbia’s (BC) north coast.