KNOT Offshore locks in charters for shuttle tankers amid talks on others
New York-listed shipowner sees dip in third-quarter profits but offers upbeat outlook
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December 2023
More Newbuilding Orders Added to the Global Orderbook
More newbuilding orders were added to the global orderbook over the past week, albeit at a slower pace compared to the previous weeks. In its latest weekly report, shipbroker Allied Shipbroking said that “as the first week of December comes to a close,…
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A significant decrease in the U.S. grain exports to China following the spike in October
In the second week of December, the mood on the dry bulk market was mixed. Prices for Capesize vessels between Brazil and North China were down after the surprising upturn at the beginning of the month. In the smaller ship segments, however, the mood w…
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Flat tanker fleet to support rates
Flat fleet growth will define the tanker marker in 2024, according to Henry Curra, global head of research at Braemar. Speaking at the Baltic Exchange Tanker Forum, Curra expected a combination of low scrapping and cautious ordering to keep fleet growt…
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Corroded Wire Rope Leads to Crane Failure on Bulk Carrier -NTSB
Undetected corrosion and wear led to an equipment failure on a cargo ship while offloading cargo last year in Houston, the National Transportation Safety Board (NTSB) said.On July 23, 2022, the cargo ship Thorco Basilisk was offloading a wind…
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