Global shipping companies’ short-term profitability will benefit from increased freight rates, which exceed the costs of re-routing following persistent attacks on commercial vessels in the Red Sea, Fitch Ratings says. We do not expect structural shift…
Red Sea Disruptions Benefit Shipping Companies’ Near-Term Profitability Read More »
Offshore vessel owner Harvey Gulf International Marine announced it is modifying its fleet of five dual fuel liquefied natural gas (LNG)/diesel electric powered offshore supply vessels (OSV).A key enhancement includes the segregation of Liquid Mud tank…
Harvey Gulf Upgrading Liquid Mud Tanks on Five OSVs Read More »
An oil leak from a barge carrying up to 35,000 barrels of fuel oil that capsized in early February off the Caribbean island of Tobago has stopped, said the twin islands’ government on Thursday.The spill, which was first spotted off the coast of Tobago’…
Oil Leak from Capsized Barge Off Tobago Stopped After a Month Read More »
Candela, manufacturer of zero-emission, electric hydrofoil boats, and Al Seer Marine, a global maritime organization headquartered in Abu Dhabi, announced a partnership to revolutionize waterborne public transportation within the emirate.The…
Electric Hydrofoil Ferries Set to Hit the Water in Abu Dhabi Read More »
India’s navy evacuated all 20 crew from a stricken vessel in the Red Sea on Thursday, after a Houthi attack killed three seafarers in the first civilian fatalities from the Yemeni group’s campaign against the key shipping route.The Iran-aligned militan…
Ship Evacuated After First Civilian Fatalities in Houthis’ Red Sea Attacks Read More »