General Dynamics Corp was awarded a $9.47 billion contract for the construction of Columbia class submarines, moving the U.S. Navy’s top procurement priority out of the early-construction phase, the Pentagon said on Thursday.The contract for…
General Dynamics Awarded $9.47 Bln Submarine Construction Contract Read More »
The company shifted its focus to free cash flow after the pandemic began
Tidewater keeps generating free cash flow, despite downturn Read More »
Freight rates are about to face renewed downward pressure, on the back of a new wave of lockdowns around the world, with Europe being the most obvious example. Shipbrokers anticipate a new blow on demand for shipping, which will inevitably translate to…
Shipping Demand To Suffer After Wave of New Lockdowns Read More »
IMO-class tankers which swung to product trading in 2Q20 due to high freight rates and floating storage requirements are unlikely to join the chemical trading fleet until 2021. IMO-class tankers are tankers with International Maritime Organisation (IMO…
Swing tankers unlikely to join chemical trading fleet until 2021 Read More »
The number of oil tankers passing through the Suez Canal in October have seen a sharp 27% decline, as demand for oil transports has stayed subdued since the April crash in oil prices that fuelled high demand for oil tankers. A total of 3,708 oil tanker…
Oil tanker Suez Canal transits drop 27% Y-o-Y in October Read More »