Danish pure play product tanker company TORM on Monday announced it has entered into an agreement to acquire eight secondhand MR vessels in a $340 million cash and stock deal. TORM did not name the seller.The vessels have all been built by South Korea’…
TORM Buys Eight Secondhand MR Tankers Read More »
South Korean owner identified as seller of eight MRs to Danish operation
Sinokor tipped to take Torm stake after eight-ship cash and shares tanker deal Read More »
Dubai’s Roads and Transport Authority (RTA) has launched the trial operation of the world’s first electric abra manufactured using 3D printing technology.
The post ‘World’s first’ 3D-printed electric abra begins trial voyage in Dubai …
‘World’s first’ 3D-printed electric abra begins trial voyage in Dubai Read More »
The cost to ship a standard 40-foot container of toys, auto parts or other goods from Shanghai to New York has jumped to nearly $10,000, fueling frustration among importers and prompting some experts to say the market is in a bubble.The Drewry…
US Importers Balk at Return of $10,000 Container Shipping Rate Read More »
Egypt is determined to stimulate investment in hydrocarbon exploration and field development to drill 586 oil and gas wells by 2030 while also pursuing opportunities in scaling up renewable energy deployment to bring further green power to its electric…