Dirty tanker spot freight rates remained elevated in May, although down from the record highs registered in March, OPEC said in its latest monthly report. Increased long-haul demand supported VLCC spot freight rates. The repositioning of tankers made m…
Tanker Market Stays Elevated in May Read More »
The OECD has laid out two starkly different economic futures for global trade in its latest Economic Outlook. The report’s scenario analysis makes clear that the trajectory of Middle East-related disruptions to energy flows will determine not only grow…
Trade stands at a crossroads Read More »
As the shipping industry intensifies its focus on energy efficiency, clear and balanced standard contractual frameworks for vessel retrofit projects are becoming increasingly important. BIMCO is well advanced in developing its Energy Saving Device Retr…
BIMCO’s Energy Saving Device Retrofitting Addendum: Work well underway Read More »
HaiSea Marine is expanding its fleet on BC’s North Coast and has placed orders for one new escort tugboat and two terminal tugboats.The contract to build an escort tug was awarded to Sanmar Shipyards, based in Türkiye. The escort vessel is a…
HaiSea Marine Awards Contracts for Escort Vessel, Terminal Tugboats Read More »
A recent FreightWeekSTL panel highlighted how expanding awareness of maritime careers, strengthening industry partnerships and increasing access to hands-on experiences are critical to building the next-generation workforce for America’s inland waterwa…
FreightWeekSTL Panel Highlights Building US Inland Waterways Workforce Read More »