Frontline plc has announced a strategic fleet renewal initiative, involving both the acquisition of new vessels and the sale of older vessels.The company has entered into an agreement to sell eight of its oldest first-generation ECO very large crude ca…
Frontline Begins Fleet Renewal Program Read More »
The ship recycling market in India has shown some strength in these early days of the year. In its latest weekly report, Best Oasis (www.best-oasis.com), a leading cash buyer of ships, said that “the India market came up further this week, with local p…
Ship Recycling Prices Improving in India Read More »
The VLCC market has just wrapped up one of its most powerful freight environments in years. Earnings surged past $100,000 per day, with momentum staying strong throughout Q3 and Q4. For much of the year, freight rates moved broadly in line with 2024 le…
As costs rise and forecasts shifts, owners are seeking designs that balance opportunity across offshore wind and oil and gas. Jon Inge Buli, Head of Offshore SGA, Wärtsilä, explores how vessel owners and designers can build resilience into new tonnage …
Designing offshore vessels for market resilience Read More »
GTT announced that it has received, in the fourth quarter of 2025, an order from the shipyard Samsung Heavy Industries for the tank design of two new Liquefied Natural Gas Carriers (LNGCs) on behalf of the ship-owner Purus. GTT will be responsible…
GTT Receives Tank Design Order for Samsung Heavy Industries LNG Carriers Read More »