Bayonne Drydock & Repair Corp. has secured a $673,123 grant from the U.S. Maritime Administration (MARAD) to upgrade surface preparation equipment and expand workforce training at its ship repair facility in the Port of New York and New Jersey.Awarded …
Shipbuilding: Bayonne Drydock Gets MARAD Grant Read More »
Oil prices climbed about 2% to a five-month high on Thursday after Houthi attacks in Saudi Arabia stoked concerns of further disruption to energy supplies from the key exporting region.Brent futures rose $2.42, or 2.2%, to $111.24 a barrel at 10:45 a.m.
Houthi Attacks Drive Oil Prices to Five-Month High Read More »
Citi said on Thursday that near-term risks to oil prices remain skewed to the upside despite a recovery in Gulf crude exports, as shipping bottlenecks continue to keep delivered supplies tight.”The normalization of Arab Gulf oil exports has been volume…
Citi: Oil Prices Remain Unstable Despite Recovering Gulf Exports Read More »
Greece and Egypt are discussing extending their Exclusive Economic Zone eastwards towards Cyprus after eastern Libya’s parliament ratified a disputed maritime agreement with Turkey earlier this week, Greece’s foreign minister said.Greece, Egypt and Cyp…
Greece, Egypt Discuss Extending EEZ Towards Cyprus Read More »
Futures ignore spot market move, with forward contracts rising through March
CMES scores $48m VLCC fixture to Petrobras as spot rates continue pullback Read More »