ABS awarded approval in principle (AiP) to two new developments from Jiangnan Shipyard: a new insulation system and a modern design for an ultra large ethane carrier (ULEC).The ULEC design is the first equipped with the next-generation BrilliancE® II T…
Liquefied Gas Cargo Containment Innovations Receive ABS AiPs Read More »
Baker Hughes cut its outlook for spending by oil producers on Friday, citing lower drilling activity by North American companies, joining other oilfield service companies in warning about softness in the region.However, the company raised its full-year…
Baker Hughes Bets on Foreign Demand Read More »
U.S. Secretary of State Antony Blinken criticised Beijing’s “escalating and unlawful actions” in the South China Sea at a summit on Saturday, while his Russian counterpart said Washington has stoked anxiety with its plan for a nuclear deterrence…
Blinken Applauds Diplomacy at ASEAN Meeting Read More »
Havana residents watched from shore on Saturday as Russian warships arrived for the second time in as many months, in a visit that Cuba called routine.Cuban authorities fired shots into the air to signal their welcome, while curious fishermen…
Russian Warships Make Routine Visit to Cuba Read More »
Tanker demand from China has been reduced so far this year, as seaborne crude oil imports have been reduced. However, this could change in the coming months. In its latest weekly report, shipbroker Gibson said that “China saw an impressive rebound in c…
Tankers: China’s Crude Oil Demand Expected to Rebound Read More »