However, Hong Kong bank says rates will collapse back to December levels if the situation is resolved quickly
Prolonged Red Sea crisis could result in significant profits for liner firms, says HSBC Read More »
Gale-force winds and high waves from a storm led to the listing of an elevated liftboat in the Gulf of Mexico, the National Transportation Safety Board (NTSB) said Wednesday. Damage to the vessel and cargo was estimated at $6.9 million.On November 20…
Gale-force Winds and High Waves Leads to Tilting of Elevated Liftboat Read More »
The U.N. Security Council on Wednesday demanded Yemen’s Houthis immediately end attacks on ships in the Red Sea and cautioned against escalating tensions while implicitly endorsing a U.S.-led task force that has been defending vessels.The demand…
UN Security Council Demands Houthis Stop Red Sea Attacks Read More »
The economic incentive to import oil from the U.S. Gulf Coast to Asia has closed as the cost of booking supertankers on the route has surged amid a jump in bookings for the vessels, traders said this week.With the arbitrage for U.S. shipments closed…
Surging VLCC Rates Impact US Crude Oil Shipments to Asia Read More »
MAN Energy Solutions has won the contract from Royal Boskalis to supply 3 × MAN 49/60 engines for a 31,000 m³ Trailing Suction Hopper Dredger (TSHD).Each engine will come accompanied by an exhaust-gas after-treatment system, namely an MAN Low-Pressure …
MAN’s Most Powerful Medium-Speed Engine Chosen for TSHD Read More »