The Panama Canal Authority said it won an arbitration ruling on Friday for $265 million to be returned to it from the consortium that built a third set of locks for the key transoceanic waterway.The authority cited a decision from a Miami-based…
Panama Canal Authority Wins $265 Mln Arbitration Case Read More »
Shipping will need to settle on the desired combination of fuels and technologies needed, in order to achieve the goals of decarbonization needed. As such, ammonia is gaining traction a true next-gen fuel in this respect. In its latest weekly report, s…
Ammonia Could Be Shipping’s Next-Gen Fuel of the Future Read More »
Capesize After the past few weeks of rates snaking sideways while softening, the Capesize market took on a clear and decisive upward trajectory these past few days. The Capesize 5TC gained over 50% in value opening the week at $15,761 to settle Friday …
Dry Bulk Market: Capesizes Gained 50% This Past Week Read More »
New trends in US crude trade may arise, as oil demand recovers but impacts from the Covid-19 pandemic on US oil supply linger. US crude exports have expanded sharply in recent years following the lifting of US oil export restrictions in December 2015, …
US crude exports to remain stable, but seaborne imports likely to rise Read More »
BMT won a contract with The Isles of Scilly Steamship Group (ISSG) for new vessel designs for the Isles of Scilly, replacing the iconic Scillonian III.The ISSG require a vessel design solution to run between the harbors of Penzance and St Mary’s…
BMT Wins Isles of Scilly Steamship Design Deal Read More »