The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fourth consecutive session on Tuesday, hurt by weaker rates across all vessel segments. The overall index, which factors in rates for cap…
Baltic Index Falls on Broad Retreat Read More »
Maersk Drilling said it has been awarded three consecutive contracts for the Maersk Resolute and a contract extension for the Maersk Resolve, both operating in the Dutch sector of the North Sea.“The North Sea continues to be a key market to Maersk Dril…
Maersk Drilling Bags North Sea Contracts Read More »
Shipbuilder Austal has delivered its eighth Independence-variant littoral combat ship (LCS) to the U.S. Navy.The future USS Tulsa (LCS 16) is the second Austal designed and built LCS delivered to the Navy this year and will be the 13th LCS to…
Austal Delivers LCS 16 to US Navy Read More »
The Panama Canal welcomed the inaugural transit of the LNG Sakura as it carried the first-ever liquefied natural gas (LNG) shipment from the Dominion Cove Point terminal in the United States to Japan. The transit, which occurred this past weekend…
Panama Canal Welcomes Inaugural Transit of LNG Sakura Read More »
The move towards container leasing and away from carrier ownership continues unabated and the leased fleet now has a clear majority over that owned by transport operators, according to the latest edition of the Container Census & Leasing and…
Container Equipment Market Surges Ahead: Drewry Read More »