The changing dynamics of the tanker trade in the Mediterranean Sea seem to be a constant, rather than an exception. In a recent weekly report, Poten said that the Mediterranean, or the “Med” as it is known in shipping circles, is one of the most import…
Tanker Dynamics in the Mediterranean Sea in Perpetual Change Read More »
This week’s chart underscores signs of a slight upward movement in the growth of dirty VLCC tonne days from the Arabian Gulf to the Far East, rebounding from the bottom low seen at the beginning of July. This positive trend is mirrored in WS rate…
Tanker – Weekly Market Monitor: Dirty & Clean Tonne Days Read More »
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia. While ammonia offers the alluring prospect of slashing greenhouse gas emissions, MIT researchers warn t…
Exercise caution with ammonia switch Read More »
The U.S. Bureau of Ocean Energy Management said on Friday it is seeking competitive bids for offshore wind leases off the coast of Texas after renewable energy developer Hecate Energy Gulf Wind LLC made an unsolicited bid.The administration…
US Opens Bidding for Offshore Wind Acreage off Texas Read More »
When a fire broke out in the engine room of a towboat in Louisiana, the situation could have easily escalated to become much worse, but the quick actions of the vessel’s crew helped to contain the blaze and limit the damage significantly, the…
Towboat Fire Damage Limited by Crew’s Quick Response Read More »