The ship recycling has remained challenging over the course of the past few days. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the Indian market has finally shown a very slight sign of hope, in…
Ship Recycling Market Remains Challenging Read More »
VLCC freight rates surged over $100,000pd, following the rise in OPEC+ output and a sharp rebound in tanker demand, which drove second-hand values to a new peak in October. This uptick is likely to continue in 4Q25 amid tight tonnage supply and the ons…
A surge in shipping rates drives the second-hand prices of crude tankers Read More »
The maritime industry is experiencing a phase of rapid technological development. The shift from paper charts to continuous digital connectivity is resulting in a myriad of operational changes. With it, comes growing environmental concerns and ever-str…
Modernising maritime safety in a tide of technology Read More »
Ocean services provider DeepOcean and Saudi Arabia-based Jana Marine Services have signed a heads of terms agreement to establish a joint venture company that will offer integrated subsea solutions to the offshore energy industry in the Middle East.The…
DeepOcean and Jana Marine Enter Saudi Arabia Subsea Partnership Read More »
Finland-based Bluetech has partnered with NYSE-listed INSW to develop Bluetech’s new ‘SeaWasp’ tanker vessel design, purpose-designed for wind but still practical for INSW MR fleet operations.With the support of wind-propulsion specialist Norsepower……
Fully Wind-Optimized Tanker Concept Unveiled Read More »