An official launch ceremony was held to celebrate the commissioning of a new Jones Act compliant crew transfer vessel (CTV) built for American Offshore Services (A-O-S)—the company’s first.Constructed by Blount Boats in Warren, R.I., the 100…
Launch Ceremony Held for A-O-S’ New Jones Act CTV Gripper Read More »
After hijackers apparently repurpose Navibulgar bulker into pirate ship, 40-hour operation wrests back control
India claims to have foiled any attempt to use the 41,600-dwt Ruen (built 2016) as a base for further hijackings
Indian Navy shadows hijacked Ruen to stop pirates prowling for other targets Read More »
The tanker market has had a positive month of February, OPEC said in its latest monthly report. VLCC spot rates recovered further in February on all monitored routes, with the Middle East-to-East route leading gains. On average, VLCC spot freight rates…
Tanker Market Shows Improved Performance During February Read More »
In the second week of March, the VLCC MEG-China market rates continued to soften, while the number of vessels in Ras Tanura showed an increase despite the significant downward trend observed earlier in the month. Within the crude tanker segment, t…
Dirty crude oil flows from OPEC+ oil producing countries to Asia Read More »