The good news is that work has commenced on the first new heavy polar icebreaker for the United States Coast Guard in 43 years. The bad news is that when it enters service, projected to occur in FY2024, it will be the first new heavy polar icebreaker f…
USCG Polar Security Cutters: The History and Future Read More »
India’s merchandise exports shrank by more than one-third from a year ago, dragged down by a fall in global demand and shipments due to the outbreak of coronavirus, the Trade Ministry said in a statement said on Wednesday.Merchandise exports fell to $2…
India’s March Exports Down 34.6% Y/Y Read More »
Companies are still waiting for clarification as to how the government’s scheme will apply, which lines will be included, and…
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Sembcorp Marine subsidiary Jurong Marine Services has ordered a hybrid tug for delivery from the Sembcorp Marine shipyard by the end of 2020.The tug, which will operate in Singapore harbor, will be equipped with ABB’s electric propulsion, power…
Jurong Marine Services Orders LNG Hybrid Tug Read More »
Oil demand is set for a record drop in 2020. However, the Euronav chief executive takes the view that tankers…
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Decline in oil demand likely to boost tanker floating storage Read More »