For many years, a business venture in the FPSO market could be seen as highly speculative and risky. However, things could be starting to reverse, which in turn can offer a boost in the tanker market. In its latest weekly report, shipbroker Gibson said…
Tankers: Are FPSOs Truly Back? Read More »
Capesize The Capesize market maintained its continued momentum throughout the week, improving $2,277 week-on week to close at $8,216, which is the highest value since late January. West Australian miners remained relatively inactive despite the reopeni…
Dry Bulk Shipping: Capesize Market Maintains Rising Momentum Read More »
International efforts to curb greenhouse gas (GHG) emissions from shipping took a step forward as the IMO’s Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 18) concluded its latest round of discussions. The IMOR…
IMO progresses talks on greenhouse gas reduction from shipping Read More »
Russia has ordered divers to inspect ships in its ports, a government letter seen by Reuters shows, after suspected attacks on four oil tankers that visited in recent weeks.At the same time the Russian navy will help protect from the threat of drones a…
Russia Orders Divers to Inspect Ships After Tanker Blasts Read More »
A Liberia-flagged cargo ship carrying corn from a Russian port to Turkey is trying to stop water leaking in after sustaining a crack in the Sea of Azov earlier this week, Russia’s port agency said.The vessel, Pavel Grabovskiy, was loaded with 2,939 ton…
Bulk Carrier Sustains Damage to Ballast Tank Read More »