Offshore VLCC exports in works for US Gulf
Energy logistics terminal says the offshore facility will mitigate the need for lightering.
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July 2018
‘Lava Bomb’ Strikes Tourist Boat in Hawaii
Nearly two dozen sightseers were injured from a lava explosion that sent molten debris hurtling onto a tourist boat in Hawaii. Officials said one passenger suffered a broken leg and others were burned when the volcanic blast launched a “basketball…
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Great Lakes Iron Ore Trade Up Slightly in June
Shipments of iron ore on the Great Lakes totaled 6.1 million tons in June, an increase of roughly one load in a 1,000-foot-long U.S.-flag freighter, the Lake Carriers’ Association reported. Shipments were 8.7 percent ahead of the month’s five-year aver…
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Norwegian rig strike hits OSV sector
PSV demand plunges, while platform moves are on hold for anchor-handlers.
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Strong Capesize Demand Drives Baltic Index Higher
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for the fifth straight session on Tuesday, propelled by strong demand for capesize vessels.The overall index, which factors in rates for cape…
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