The ship recycling market is still in bearish mode, despite the fact that cash buyers are looking for more demo candidates. In its latest weekly report, Best Oasis (www.best-oasis.com), the world’s leading cash buyer of ships, said that “the ship recyc…
Ship Recycling: Stagnation is the Norm Read More »
Recent Houthi attacks on vessels passing through the straits of Bab al-Mandab on their way through the Red Sea mean that the shipping industry has moved beyond trade press reporting and onto front page news. While the causes of the current situation ar…
Red Sea movements and financial security Read More »
Ahead of the 2024 European elections, ECSA launches its policy priorities for the next five years. The four pillars are Climate and energy transition, People-centred green and digital transition, Ship Finance and Competitiveness and Trade. Europe is fa…
European Shipowners’ priorities 2024-2029 Read More »
Classification society ABS said it has granted an approval in principle (AIP) to OceanSTAR Marine & Offshore Investment Pte. Ltd., for its newbuild floating storage and offloading (FSO) design.The OceanSTAR FSO-01 is a shipshape hull design…
ABS Awards AIP for OceanSTAR’s FSO Design Read More »
A tugboat maneuvering near a transiting tanker in the Corpus Christi Ship Channel was drawn in toward the tanker, leading to a collision, the National Transportation Safety Board (NTSB) said Tuesday.The tugboat Mark E Kuebler and the tanker Nisalah col…
Speed a Factor in Tug and Tanker Collision -NTSB Read More »