Newbuilding ordering activity has retained its strong momentum last week. In its latest weekly report, shipbroker Banchero Costa said that “newbuilding activity remained active this week; Chinese yards continued to dominate contracting, with Greek, Kor…
Newbuilding Orders Keep Increasing Read More »
“Since the start of July, Panama Canal bulker transits have fallen 22% y/y. Bulkers have faced increased competition for transit slots from other sectors, especially tankers, as the US has boosted energy exports to Asia. El Niño is also expected …
Bulker Panama Canal transits drop 22% amid higher competition for transit slots Read More »
With vessels operating for 25–30 years and only around 4% of the fleet renewed annually, newbuild decisions made over the coming decade will establish much of the engine capacity available in 2050. Yet having the capacity to consume a new fuel does not…
Ring Power Corporation, a provider of marine power solutions, announced an expansion of its partnership with Cox Marine, becoming the exclusive North American distributor of the UK company’s diesel outboard line. Under the new agreement, Ring…
Ring Power Named North American Distributor for Cox Marine Diesel Outboard Line Read More »
Finnish authorities boarded and searched a target vessel in the Baltic Sea on Thursday in a live drill that officials said shows how seriously the region takes the threat of undersea sabotage after a string of incidents.Finland and the wider…
Finland Run Drills to Board, Search Vessels in Subsea Sabotage Prep Read More »