The American Great Lakes Ports Association has signed a Memorandum of Understanding (MoU) with the Great Lakes Alliance of Shipyards to advance shared priorities in domestic shipbuilding and commerce.The MoU marks the first formal partnership between t…
Great Lakes Ports and Shipyards Formalize Partnership Read More »
Iran’s energy hub of Kharg Island is being blown to smithereens, U.S. President Donald Trump said on Sunday, after forces hit two rocket launchers on another island in the first known American strikes on the Islamic republic since late July.Attacking K…
US Claims Strike on Two Iranian Sea Mine Launchers Read More »
At least eight people died and 18 were missing after a ferry carrying around 270 passengers and crew capsized off North Cyprus on Sunday, leaving survivors clinging to its overturned hull.The privately owned ferry left the port of Kyrenia at 12:30 p.m.
Death Toll Rises After Ferry Capsizes Off Cyprus Read More »
The product tanker market could be faced with a limited supply of cargoes, if the upcoming refinery maintenance period takes some unexpected turns. In its latest weekly report, shipbroker Gibson said that “US refinery maintenance typically peaks in Oct…
Tanker Market: Unplanned US Refinery Outages Could Impact Freight Trade Read More »
Capesize The market maintained a broadly positive trajectory throughout the week, with the BCI 5TC building on its opening level and rising from $42,105 to $48,399, as Atlantic strength and a firmer Pacific combined to underpin sentiment. In the Pacifi…
Dry Bulk Shipping: Capesizes Retain Positive Momentum Read More »