The North Sea crude market could offer the tanker market a new trade route, should proposed changes take effect. In its latest weekly report, shipbroker Gibson said that “concerns about North Sea crude production are nothing new although, changing prod…
Tankers: A New Trade Route Emerging? Read More »
Capesize The market turned for all Capesize routes this past week as the BCI reached new highs for the year. The Capesize 5TC started the week at $23,911, surged early in the week before a lull mid-week. It closed out with a strong gain of 4,339 for th…
Dry Bulk Market: Capesizes Reach New 2021-High Read More »
Throughout its existence, the maritime industry has shown that it is capable of continuously transforming itself to improve efficiency and productivity, irrespective of the challenges along the way. The two ongoing transformations related to digitaliza…
Closing the safety gap in an era of transformation Read More »
Huntington Ingalls Industries (NYSE:HII) hosted commencement exercises on Saturday, April 17, 2021, for 154 graduates of the company’s Apprentice School at Newport News Shipbuilding. Due to the COVID-19 environment, and in an effort to keep all employe…
Shipbuilding: HII Celebrates 154 Apprentice School Grads Read More »
The tanker market edged higher during the final month of the first quarter of 2021. According to the latest monthly report from OPEC, dirty tanker rates picked up in March, as gains in Suezmax and Aframax rates outpaced a further slight decline in VLCC…
Tankers Picked Up the Pace During March Read More »