Seismic surveyor TGS, a supplier of geological data to the global oil industry, on Thursday said it had made an unsolicited cash offer of $600 million for a key part of rival PGS.If successful, the offer to buy PGS’s so-called multi-client library woul…
TGS Makes Surprise $600 Mln Offer for Part of Rival PGS Read More »
Leading container lines are diverting ships to Lebanon’s smaller terminal of Tripoli after the devastating explosion at Beirut’s port that killed 145 people also paralysed vital trade.Lebanon, which imports almost all it uses, relies on container…
Containerships Sent to Tripoli to Maintain Lebanon Supply Lines Read More »
The total orderbook for dry bulk, container and tanker ships has reached its lowest point in 17 years as Covid-19 has massively slowed contracting (-50%) while deliveries of new vessels have proved more resilient (-2%). The orderbooks for dry bulk and …
Ship orderbook shrinks to 17 year low as Covid-19 slows contracting Read More »
Global Energy Monitor’s latest Global Coal Plant Tracker has put another nail in the coffin for the coal-carrying fleet with its finding that the world’s fleet of coal-fired power stations reduced for the first time on record in the first half of this …
Global coal power puzzle Read More »
On 20th July 2020 the naming ceremonies of m/v’s Socrates Graecia and Aristoteles Graecia were held in Jingjiang, Jiangsu Province, China. The two newbuildings were the last two of a series of eight sister Kamsarmax bulk carriers (82,000 tons) built by…
New buildings M/Vs SOCRATES GRAECIA & ARISTOTELES GRAECIA Iin COVID-19 times Read More »