Caterpillar Marine announced Tuesday it its expanding its delivery of hybrid and electric propulsion and power solutions amid an industry push to reduce its environmental impact.The company said it will leverage hybrid and electric expertise…
Caterpillar Marine Expanding Hybrid and Electric Lineup Read More »
Eastern Pacific Shipping fixes vessel for unprecedented $50,000 per day over a year
Tonnage drought: bidding wars drive car carrier rates to record levels Read More »
Around 10 companies are believed to have bid for two resales
K Shipbuilding sells MR tanker newbuildings to Pacific Carriers Read More »
The ship recycling market has entered a correction phase, after several weeks of price increases. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “this week saw price levels tumble southwards on the back of falls in global stee…
Correction Time for the Ship Recycling Market Read More »
In recent days the shipping industry is facing severe challenges with uncertainty on the threat of a ban on Russian exports. The U.S. has eventually officially announced the decision of banning Russian oil imports and the reaction of Russia came later …
Russian-Ukraine Crisis. Thoughts on Russian Export Ban Read More »