The need to alleviate tonnage oversupply is still a major concern among ship owners. However, over the past few weeks, sales of older ships for scrap haven’t been exactly booming. In its latest weekly report, shipbroker Clarkson Platou Hellas com…
Scrapping of Older Ships Still Lagging Despite Urgent Need for More Decomissionings Read More »
Choosing the best option to comply with the sulphur cap will be a gamble. The economic success of a shipowner’s choice depends heavily on future fuel prices in 2020 and beyond. If the price difference between high sulphur residual fuels and 0.5%S disti…
EGCS: Do They Scrub Up Well? Read More »
Firm freight outlook coupled with attractive valuation make small LPG coasters an attractive buy at the moment. LPG shipping has been marred by an oversupply of vessels, with the Drewry LPG TCE index near its five year low. However, small LPG Coasters …
Now is a good time to buy LPG coasters Read More »
Fifty-two people were rescued from a fire that engulfed a catamaran carrying tourists off the coast of northwestern Spain on Tuesday, authorities said.Two passengers suffered serious burns and were taken by helicopter to a hospital in La Coruna, emerge…
Fire Engulfs Tourist Boat in Northwest Spain Read More »
More than $20 million in grant funding has been awarded to support capital improvement projects at 29 small shipyards in 22 states across the U.S.The funding, awarded through the U.S. Department of Transportation’s Maritime Administration (MARAD) Small…
MARAD Awards More Than $20 Mln to Small US Shipyards Read More »