Russian seaborne crude oil export volumes have remained strong and grew 13% y/y in 2022 despite the invasion of Ukraine. However, after a 4% m/m fall in June, volumes fell another 16% m/m in July, and the Russian administration has announced export cut…
Russian Seaborne Crude Oil Export Volumes Fall 16% M/M And May Fall Further Read More »
A Jones-Act-compliant offshore supply vessel (OSV) has been converted for use as a crew transfer vessel (CTV) in the growing U.S. offshore wind industry.Windea CTV, a joint venture between MidOcean Wind and the Hornblower Group, said the vessel…
WINDEA Converts OSV to CTV for US Offshore Wind Read More »
Connecticut dry bulk owner outperforms Baltic index but rates slide 24% for bookings in present market
Eagle Bulk reports upside earnings but flags up weakness in current quarter Read More »
A historic Great Lakes car and passenger ferry will be sidelined the rest of the season due to damages it suffered in July. Lake Michigan Carferry said Tuesday that the SS Badger’s daily crossings between Ludington, Mich., and Manitowoc, Wis.…
Lake Michigan Carferry’s SS Badger Out for the Season Read More »
CFO Stewart Andrade says the freight market will tell owner how to buy out its remaining lease obligations
Teekay Tankers now net-debt free while plotting repayment of leases Read More »