Analysts like terms of Scorpio Tankers notes despite added debt load
Dilution risk to be minimised as company keeps working on bolstering balance sheet
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March 2021
US Coast Guard Commissions National Security Cutter Stone
The U.S. Coast Guard on Friday commissioned its newest national security cutter, USCGC Stone (WMSL 758), during a ceremony at Coast Guard Base Charleston, in South Carolina. Adm. Karl Schultz, the commandant U.S. Coast Guard, presided over the…
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US LNG Exports on Track to Hit Record High in March
U.S. liquefied natural gas (LNG) exports are on track to hit record highs in March as tumbling shipping rates and lower prices than in Europe and Asia continue to attract buyers.The amount of gas flowing to U.S. LNG export plants has averaged 10.5 bill…
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Baltic Index Gains for a Third Week
The Baltic Exchange’s main sea freight index gained for a third straight week on Friday, as rates for the larger capesize and panamax vessel segments rose.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry …
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Sanmar Adds Two New Tugs
Sanmar Shipyards has delivered another vessel in its Delicay tug series—this time to its own fleet.Like its sister tugs, the the 25.3m x 12m x 6.1m Delicay Vlll is a Z-drive tractor tug built to Canadian naval architects Robert Allan Ltd’s exclusive to…
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