Lok to stay on as advisor until end of 2023 as Brody Speers gears up to take over his duties
Teekay Corp finance chief Vince Lok set to retire after 30 years at tanker giant Read More »
Ship owners have distanced themselves from contracting more newbuildings, despite the fact that sentiment for a number of segments, like tankers for example, is quite positive. In its latest weekly report, shipbroker Allied Shipbroking said that “the s…
Ship Owners Refrain From More Newbuilding Orders Despite Improving Market Sentiment Read More »
Technology is expected to play a significant part in the emissions reduction transition as was highlighted by this year’s World Maritime Day theme of ‘New technologies for greener shipping’, chosen by IMO. And it’s proving to be the case fo…
Efficiency analysis – how do your ships stand up? Read More »
Demand for seafarers is still on the rise, while increase in supply is expected to be weaker in the future. At the same time, consumer price index growth remains elevated. Based on these driving factors, Drewry forecasts a steady increase in wages whic…
Fewer seafarers, higher inflation – where are ship operating costs heading? Read More »
U.S.-based ocean carrier Matson announced it has placed a $1 billion order with Philly Shipyard for the construction of three new 3,600 TEU Aloha Class containerships.The first vessel is expected to be delivered in the fourth quarter of 2026 with subse…
Matson Orders Three LNG-fueled Containerships from Philly Shipyard Read More »