We reconsider the risks and benefits of exchanging Letters of Indemnity (LOI) under standard and extraordinary vessel operations. Skuld recognizes a noticeable rise in the use of Letters of Indemnity in day-to-day operations in the industry, and, conse…
LOIs – worth more than the paper they’re printed on? Read More »
McAllister Towing announced on Thursday it has signed a contract for the construction of two new tugs to be built at Washburn & Doughty Associates (W&D) in East Boothbay, Maine, with an option for two additional vessels.The 93- by 38-foot tractor tugs …
McAllister Towing Orders Two New Tier 4 Tugs Read More »
Low tanker freight rates and high scrap steel prices are combining to encourage owners to consider scrapping vessels
Norway’s Knutsen scraps another shuttle tanker, as others eye high demo prices Read More »
In February 2021, LNG carrier Christophe de Margerie, escorted by a nuclear icebreaker, became the first large-capacity cargo vessel to transit the eastern sector of the Northern Sea Route (NSR). The voyage demonstrated that year-round safe…
Arctic Shipping Requires New Ways to Manage Risks Read More »
As they struggle to bring three modern product carriers back under their control, Hong Kong-based entities likely linked to Iran Shipping Lines (IRISL) intervene to settle creditors’ claims
Auction of former Marvin tankers cancelled in Rotterdam Read More »