Even a slowly dying ship breed can yield amazing profit margins in today’s tanker market
Swiss trader Mercuria looks at doubling its money on sale of rare LR3 product tanker Read More »
The pandemic and lower fishing catches means more people are turning to robbery at sea
Socio-economic factors contributing to Singapore piracy surge, says ReCAAP Read More »
An easing of chemical tanker earnings in Q2 has not discouraged owners tempted to place newbuilding orders. After a period of extremely strong vessel earnings and asset valuations, an unwinding of the support that created the earnings boom has seen spo…
Chemical Tanker Owners Seek Fleet Renewal Read More »
Wärtsilä has delivered propulsion efficiency devices to two tankers owned by Vitol.The vessels, Elandra Sea and Elandra Star, managed by Latvian operator LSC Group, had tailored Wärtsilä EnergoFlow and EnergoProFin systems installed during summer…
Wärtsilä Supplies Energy Saving Propulsion Devices to Vitol Tankers Read More »
The Nautical Institute (NI) has announced Rei Misa as the winner of its 2023 Lüddeke Prize.The Lüddeke awards were made possible by a generous legacy endowment from the estate of Captain Christof Lüddeke. The prize recognises an exceptional…
Rei Misa Wins 2023 Lüddeke Prize Read More »