OPEC+ decided to maintain its higher crude oil production during the month of February, a move which is expected to support the crude tanker market in the short term. In its latest weekly report, shipbroker Gibson said that “the first key item on the a…
Tankers Expected to Benefit From Latest OPEC+ Decision Read More »
Capesize The Capesize Baltic index returned from year-end holidays this week and immediately saw activity coming from the usual West Australia iron ore flow. Closing out 2021 at $19,176 the Cape 5TC ended its first week in 2022 at $20,167. Initial move…
Dry Bulk Market: Capesize Enters 2022 With Positive Momentum From the Iron Ore Market Read More »
As the shipping and shipbuilding industry makes great strides in digitalization, there are more opportunities for classification to streamline and accelerate its approval processes where the use of 3D models instead of drawings has become a reality. To…
A new, open industry standard for 3D model-based class approval Read More »
Huntington Ingalls Industries’ (NYSE: HII) Ingalls Shipbuilding division launched the amphibious transport dock Richard M. McCool Jr. (LPD 29). Richard M. McCool Jr., the 13th LPD in the San Antonio class of amphibious assault force ships, will support…
HII Launches Amphibious Transport Dock Richard M. McCool Jr. (LPD 29) Read More »
Italian shipowner’s bulker arm seeks judge’s orders seizing bunkers amid fight over charter
Unwanted cargo: Insect infestation sparks court battle between d’Amico and Belships unit Read More »