A land-based cruise missile launched from Houthi-controlled Yemen has struck a commercial tanker vessel, causing a fire and damage but no casualties, two U.S. defense officials told Reuters on Monday.The attack on the tanker Strinda took place…
Cruise Missile from Yemen Strikes Tanker Read More »
The lackluster end to the year in subcontinent recycling markets continues for another week as disappointed owners and cash buyers face selling their inventory into markets where prices have slumped, reports cash buyer GMS.Several dry bulk sales…
Ship Recycling Market Remains Slumped Read More »
Esgian has published its Week 49 Rig Market Roundup highlighting new drilling activity in the North Sea and a new licensing deal in Morocco.Drilling Activity and DiscoveriesSerica Energy is continuing with plans for its four-well drilling campaign in t…
Plans in Progress for New North Sea Wells Read More »
BIMCO’s Documentary Committee has adopted a new Emission Trading Scheme Allowances Clause for BIMCO’s ship management agreement, SHIPMAN, and three ETS clauses for Voyage Charter Parties. The clauses aim to facilitate collaboration and provide…
BIMCO Adopts Four ETS Clauses Read More »
NYK Line, Namura Shipbuilding and Sasebo Heavy Industries are collaborating to replace the main propulsion on steam turbine driven Moss-type LNG carriers to dual-fuel diesel engines and have now completed the basic design step.In October 2023…
Basic Design Completed for Conversion of Old LNG Carriers Read More »