Costs to rise from roughly $100 bln today; just 2 pct of global fleet to have scrubbers in 2020. Global shipping fuel costs are likely to rise by a quarter, or $24 billion, in 2020 when new rules limiting sulphur kick in, consultants Wood Mackenzie sai…
Shipping Fuel Costs to Spike 25% on Sulphur Cap Read More »
Norwegian owner sends 2006-built carrier to Indian breakers.
Stolt-Nielsen scraps another tanker Read More »
Huntington Ingalls Industries, the largest shipbuilder for the U.S. government, said new tariffs on steel and aluminum should not impact the price of its own shipbuilding in the near-term, but does not know if tariffs will raise prices for its suppliers.
Huntington Ingalls Says Steel Tariffs Won’t Raise Prices for Now Read More »
The cost of renting offshore supply vessels (OSVs), servicing oil and gas firms, will continue to rise as many ships that were mothballed up during the downturn will not return to the market, the chief executive of Norway’s DOF said on Wednesday.
Norway’s DOF: OSV Market Improving Read More »
Vietnam wants to give its coast guard more flexibility to open fire at sea, amid tension in the busy South China Sea waterway, a draft law released on Wednesday showed. The law, expected to be voted by lawmakers at the end of this year, would…
Vietnam Mulls Coast Guard ‘Open Fire’ Rules Read More »