Since 2018 shipowners generally have been reluctant to sell older or less economical ships to breakers’ yards. During the past five years average annual recycling totals in the world merchant ship fleet were the smallest since an exceptional freight ma…
Shipowners jettison the scrapping option Read More »
In the latter half of March, the freight market for large vessel sizes displayed a notable increase in momentum, particularly evident as the vessel count in terms of ballasters experienced an unexpected decline compared to the peak levels observed near…
Pakistani security forces on Wednesday repulsed a gun and bomb attack by militants on a complex outside the strategic port of Gwadar, which killed all eight militants and two soldiers, officials said.China has invested heavily in the mineral-rich south…
Pakistan Port Attack Kills Two Soldiers, Eight Militants Read More »
The construction of the next cruise ship for Disney Cruise Line has reached another milestone: assembly of the ship’s hull began today with the traditional keel-laying ceremony. The ship is the sister ship of the Disney Treasure, which is also under co…
Meyer Werft Lays Keel for Next Disney Cruise Line Ship Read More »
Seattle-based naval architecture and marine engineering firm Elliott Bay Design Group (EBDG) has acquired Coastwise Corporation. The Anchorage, Alaska-based firm—an expert in shallow draft, high-speed aluminum and cold weather engineering—has…
Elliott Bay Design Group Acquires Coastwise Engineering Read More »