The U.S. military’s cost estimate to build a pier off Gaza to deliver humanitarian aid has risen to $320 million, a U.S. defense official and a source familiar with the matter told Reuters.The figure, which has not been previously reported,…
US Military’s Pier in Gaza to Cost $320 Million Read More »
Yemen’s Houthis targeted two U.S.
Houthis Claim Attacks Against Two Vessels, Two US Destroyers Read More »
Spot rates and one-year period rates have been rising
Japanese shipowner Tagashira Kaiun sells ultramax bulk carrier as rates push higher Read More »
US owner set to unload vessels after buying newer models
International Seaways on cusp of $50m deal for 16-year-old MR tanker duo Read More »
Increasing ton-mile demand is projected to become the norm in the tanker market, prompting many owners to increase their exposure to larger vessels. In its latest weekly report, shipbroker Intermodal said that “the first quarter of 2024 saw a great dea…
Demand for Larger Tanker Classes Expected to Increase in Tandem With Ton-Mile Increase Read More »