Geopolitical risk has overtaken supply-demand fundamentals as the primary price driver in energy markets, and ship recycling is feeling the impact from both sides, as higher oil keeps aging vessels trading while a volatile U.S. dollar makes confident b…
Ship Recyclers Face Clouded Price Recovery Outlook Read More »
ClassNK has granted its “AUTO-Nav2(All)” notation to Japanese domestic liner container ship Genbu, the only newly constructed autonomous ship under the MEGURI2040 Fully Autonomous Ship Program by The Nippon Foundation.This notation identifies…
ClassNK Awards Autonomous Notation to Domestic Container Ship Read More »
Babcock International Group has confirmed the location for its new Capability Centre in Plymouth – a major milestone in plans to relocate up to 2,000 highly skilled employees into the heart of the city.The new Capability Centre will be based at 40-46 R…
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The U.S. International Development Finance Corporation (DFC) and Chubb have announced six additional American insurance partners that will provide reinsurance for DFC’s Maritime Reinsurance plan: Travelers, Liberty Mutual Insurance, Berkshire Hathaway…
DFC, Chubb Announce Additional Partners and Maritime Reinsurance Coverage Read More »
An oil tanker loaded with Iraqi crude passed through the Strait of Hormuz close to the Iranian coast, a day after Iran said Iraq was exempt from any restrictions to transit the vital sea route, data from LSEG and Kpler showed.The Ocean Thunder…
Petronas-Chartered Tanker Passes Through Hormuz Read More »