Saipem, in consortium with BOS Shelf LLC and BOS Shelf International FZCO, (both companies being affiliates to the State Oil Company of the Azerbaijan Republic, SOCAR) has been awarded three new offshore contracts for the Shah Deniz Compression…
Saipem Wins Three Offshore Azerbaijan Contracts Read More »
Rozema Boat Works, Inc., of Mount Vernon, Washington, was recently awarded a multi-year IDIQ contract by the U.S. Coast Guard for the construction of up to six second-generation Special Purpose Craft – Heavy Weather (SPC-HWX II) vessels. The…
Rozema Boat Works Receives USCG Contract Read More »
The second hand ship market has seen many new deals over the past week. In its latest weekly report, shipbroker Banchero Costa said that “in the bulk sector, the Panamax NAVIOS HELIOS 77,000 dwt 2005 Namura built was reported sold to Hong Kong interest…
Second Hand Ships Market Heating Up Read More »
According to the BBC and many other publications US-China trade tensions back as port fees take effect. The BBC says, “ The US and China started charging new port fees on each other’s ships on Tuesday, as trade tensions between the world’s …
Port fees skyrocket amidst US-China trade tensions Read More »
Containership charter rates have remained on a steady upwards trajectory this year and remain 200% higher than in 2019, despite slumping spot freight rates (see chart), to which some carriers point as evidence that talk of overcapacity in the market is…
Overpriced charter market is due a correction after 5-year boom Read More »