High freight rates and robust global demand for oil and its derivatives are putting tanker owners in a great mood and consequently, after a notable uptick in 2023, the surge in tanker newbuild activity shows no signs of abating in 2024. A confluence of…
Urgent need for newbuild tanker orders Read More »
Recent attacks on commercial vessels in the Red Sea have severely affected shipping through the Suez Canal, adding to existing geopolitical and climate-related challenges facing global trade and supply chains, UNCTAD says in a new report released on 22…
Unprecedented shipping disruptions raise risk to global trade, UNCTAD warns Read More »
The U.S. Treasury said on Fridayit has imposed sanctions on Russia’s leading tanker group Sovcomflot FLOT.MM, as Washington seeks to reduce Russia’s revenues from oil sales that it can use to support its invasion of Ukraine.The Treasury Department’s…
US Imposes Sanctions on Russia’s Leading Tanker Group Sovcomflot Read More »
HII announced that Virginia-class submarine Massachusetts (SSN 798) was recently launched into the James River at the company’s Newport News Shipbuilding (NNS) division.Shipbuilders transferred the submarine from a construction facility to the floating…
Virginia-class Submarine Massachusetts (SSN 798) Launched Read More »
Price cap is working, insist Treasury officials, after blacklisting 27 ships hauling Russian oil
US says Russia has no ‘good choices’ after sanctions crackdown Read More »