Indian state-owned Mazagon Dock Shipbuilders said it would buy a controlling stake in Sri Lankan peer Colombo Dockyard in a deal not exceeding $52.96 million to grow its shipbuilding and repair business.The transaction, involving the acquisition of at …
India to Buy Controlling Stake in Colombo Dockyard Read More »
Plus, the father of the ship recycling convention highlights the problems it faces
Wavelength: Tanker rates digest aftermath of Iran attacks and why seafarers keep dying Read More »
The crude tanker markets are expected to remain supported from the long term oil market fundamentals. In its latest weekly report, shipbroker Gibson said that “earlier this month, the International Energy Agency (IEA) released their annual report detai…
Crude Tanker Markets to Remain Supported from Oil Market Fundamentals Read More »
Capesize The Capesize market experienced a marked decline this week, with sentiment steadily weakening amid persistently low activity across both the Atlantic and Pacific basins. A key factor was the prolonged absence of all major C5 miners in the Paci…
Dry Bulk Market: Capesize Market Declined Last Week Read More »
As the maritime industry navigates through a vortex of geopolitical uncertainty, climate extremes, and supply chain bottlenecks, one reality becomes increasingly clear: traditional hull and machinery insurance and P&I cover is not enough. In times …
Beyond Lay-Up: Delay Risk Insurance in an Age of Disruption Read More »