General Dynamics Electric Boat has been awarded a $642 million contract modification to a previously awarded contract supporting submarine production. This modification is for a cost-plus-fixed-fee modification to a previously awarded contract…
General Dynamics Electric Boat Wins Contract for Submarine Work Read More »
A steam drain line modification, which was not documented or subject to a risk assessment, contributed to an accident on an oil tanker which resulted in burns to three crew members, an Australian Transport Safety Bureau (ATSB) report details.On May 6…
Undocumented Modification Contributed to Steam Burns Read More »
Demand for tankers could retreat as a result of an increase in oil stock supply. In its latest weekly report, shipbroker Gibson said that “more and more analysts expect the oil market to move into significant surplus next year. The IEA sees oversupply …
Tanker Demand Could Retreat Moving Forward Read More »
Capesize The Capesize market retained an overall firmer tone through the week, though momentum eased into the close. The BCI 5TC advanced from just under $28,000 at the start of the week, pushing through the $30,000 threshold before easing slightly to …
Dry Bulk Market: Capesize Market Keeps Firming Read More »
In 2024 and the first half of 2025, global shipping continued to navigate uncertainty and volatility amid ongoing disruptions in the Red Sea and Black Sea. Starting in 2025, new developments amplified existing challenges. These comprised trade policy s…
World Shipping Fleet And Services 2025 Review Of Maritime Transport Read More »