A backlog of crude cargoes has built up off the coast of China, limiting prospects for new shipments to the world’s largest oil importer, trading and shipping sources said. The amount of oil floating in tankers off China has risen partly due…
Oil Backlog Off China Limits Prospects for Fresh Atlantic Basin Shipments Read More »
Each year the August edition of Marine News magazine, the leading voice in the North American workboat market, features the very best 100 leaders and innovators, including workboat owners and operators, builders, OEMs and repairers, and product and ser…
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The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, suffered on Thursday its biggest percentage fall in March since 2009 on weaker demand for capesize vessels. The overall index, which factors in rates …
Baltic Index Records Worst March Since 2009 Read More »
The U.S. Coast Guard has raised the decades-old monetary threshold for reporting marine casualties in order to keep pace with inflation and reduce reporting of minor incidents. The final rule changes, which were published March 19 and take effect April…
Coast Guard Raises Marine Casualty Reporting Threshold Read More »
Shipbuilder Hanjin Heavy Industries announced it will construct two 80,000 m3 very large gas carriers (VLGC) at its Philippines facilities for Belgian integrated gas shipping company EXMAR. Upon construction, the carriers will be chartered by Statoil.
First LPG-powered Dual-fuel VLGCs Ordered Read More »