Scorpio Tankers buys back $175m more of its own shares
Product giant scoops up a further 2.4m shares as it seeks to close gap to net asset value
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September 2024
Tanker Market: Will Unrest in Libya Have a Larger Impact on Rates?
Libya’s oil production is once again affected by local turmoil. In its latest weekly report, shipbroker Intermodal said that “Libya’s oil production, crucial to both its economy and global energy markets, was severely disrupted last week. The cou…
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Steady demand for US-bound shipments keeps container prices from crashing
The global container shipping industry continues to witness an increase in freight demand for US bound shipments as 59% of supply chain professionals surveyed in August 2024 respond in affirmation, while 30% of respondents indicated they have not obser…
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FBX Index September 2024: Looking forward
Futures prices remained as volatile as their physical rate counterparts in August, which reflects the revised physical market expectations following the apparent surprise surge in rates from May into June. Key Points Asia-US West Coast to East Coast sp…
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JonRie Escort Winches Ordered for Two McAllister Tugs
McAllister Towing recently placed an order for series 240 JonRie Escort Winches to be installed aboard the tugs Vicki M. McAllister and Janet M. McAllister. The company is undertaking modifications of both tugs, and replacement of the hydraulic…
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