OOCL third-quarter performance continues weak trend
Company continues to see performance revert to normal following extraordinary market conditions of the past two to three years
OOCL third-quarter performance continues weak trend Read More »
October 2023
Israel’s Ashkelon Port Shut Down
Israel’s port of Ashkelon and its oil terminal have been shut in the wake of the conflict between Israel and Islamist group Hamas, shipping and trade sources said on Monday.The port is located just over 10 kilometers (sox miles) from the border with th…
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Maersk’s first 16,200 TEU Methanol-Fueled Ship Launched
The first in a new series of 12 methanol-fueled container ships being built by Hyundai Heavy Industries for Maersk has been launched.The series will be fitted with MAN G95ME-LGIM10.5 EGR-TC engines. Compared to industry-standard vessels, these 350-mete…
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Incat Crowther to Design 60-Meter FSIVs
Incat Crowther has been commissioned by Singaporean shipbuilder Lita Ocean to design three new ABS-Classed monohull fast support intervention vessels (FSIVs) for Zamil Offshore. The new 60-metre FSIVs will assist Zamil Offshore with the efficient and s…
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Ship Recycling Market Surges
After a dire summer that saw over USD 100/LDT wiped off vessel recycling prices in Indian sub-continent ship recycling markets (and even Turkey to an extent), nearly all of the markets have enjoyed an upward resurgence entering the fourth quarter…
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