VLCC fundamentals have softened from the tighter conditions seen earlier this year. Active VLCC tonne mile demand declined in August, while the ballast fleet increased as more vessels completed laden employment. Yet freight has not responded uniformly …
Geopolitical risk disconnects VLCC freight from demand Read More »
Owner books dual-fuel newcastlemaxes against charter contracts from Posco
H-Line Shipping breaks five-year bulker drought with fresh order at New Times Read More »
Revised structure gives Israel greater oversight of Zim’s Golden Share arrangements while safeguarding key shipping routes
Hapag-Lloyd sweetens Zim takeover offer to counter Israeli concerns Read More »
Over the past two months, nearly two dozen National Iranian Tanker Co ships have been stashed in the Indian Ocean
Brazilian deepwater offshore drilling contractor Ventura Offshore has expanded its managed fleet by adding Eldorado Drilling’s seventh-generation drillship to its rig pool. The firm has also secured a multimillion-dollar assignment with Malaysia’s stat…
Ventura Offshore adds deepwater firepower to managed fleet and wins Petronas rig deal Read More »