French oil major Total has rejected a force majeure notice from a buyer of liquefied natural gas (LNG) in China, a Total executive said during the company’s full-year results presentation on Thursday.”Some Chinese customers, at least one, are…
Total Rejects Force Majeure Notice From Chinese LNG Buyer Read More »
The Baltic Exchange’s main sea freight index edged up on Thursday, snapping a 14-session long streak of losses, propped up by gains in the panamax segment and slightly higher earnings for capesize vessels.The Baltic index, which tracks rates for capesi…
Panamax Gains Buoy Baltic Sea Freight Index Read More »
Eastern Shipbuilding Group, Inc. has launched the second of two 80’ 5,100 HP Z-Drive tugs for Bisso Offshore, LLC, a division of E.N. Bisso & Son, Inc. The A. Thomas Higgins, currently under construction at Eastern’s Allanton facility, was launched on …
Eastern Launches Tug for Bisso Offshore Read More »
A new app from German manufacturer igus offers unique insight into its production and development. Equipped with virtual reality (VR) headsets, the company’s technical sales consultants now have the capability to show customers the igus factory in Colo…
The igus Factory Travels Around the World Read More »
The U.S. trade deficit fell for the first time in six years in 2019 as the White House’s trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending and weak business investment.The…
US Trade Deficit Narrows for First Time in Six Years Read More »