Russian aluminum giant Rusal has stopped placing orders with two logistics firms that ship its exports, executives with the firms said on Tuesday, in a sign of deepening problems for the company after it was hit by U.S. sanctions.Rusal and its major sh…
Rusal slashes export shipments as sanctions hit Read More »
Singapore’s Maritime and Port Authority (MPA) said it is investigating a collision between two tankers in Singapore waters on Tuesday that led to a leak of liquefied petroleum gas (LPG) from one of the ships.An estimated 1,796 tonnes of butane…
Update: Ship Leaking Butane after Collision in Singapore Read More »
A U.S. judge said on Tuesday he would approve Seadrill Ltd’s plan to exit its Chapter 11 bankruptcy, in which the global offshore oil and gas drilling company would shed billions of dollars of debt and raise $1 billion in new investment. U.S.
US Court Approves Seadrill’s Bankruptcy Exit Plan Read More »
The tide has turned in the newbuilding market this week, as the focus seems to be the dry bulk segment, as opposed to tankers, which “stole the day” last week. In its latest weekly report, shipbroker Allied Shipbroking said that “we are still seeing a …
Newbuilding Focus Turns to Bulkers Read More »
The recent meeting of the International Maritime Organisation (IMO) that was intended to discuss the issue of reducing the amount of CO2 that commercial ships emit into the World’s atmosphere was hijacked by the Global Warming crowd resulting in the IM…
Shipping and CO2 emissions Read More »