Suezmax tanker rates simmering with owners in the driving seat
Tonnage is spread thin and cargoes are open as the Middle East continues attracting tonnage
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To Expand Automation Offering, ABB to Acquire Høglund
ABB entered into an agreement to acquire marine automation specialist Høglund AS, headquartered in Tønsberg, Norway. The acquisition is aiming to complement ABB’s existing automation offering to marine customers and support further growth in markets ac…
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Orient Cable installs ‘China’s first’ 66 kV dynamic line for floating wind
Orient Cable (NBO) has installed the subsea cable for China Three Gorges (CTG) Corporation’s […]
The post Orient Cable installs ‘China’s first’ 66 kV dynamic line for floating wind appeared first on Offshore Energy.
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Traffic through Strait of Hormuz Slows After Vessel Attack
Fewer vessels transited the Strait of Hormuz on Friday than earlier this week, hours after a Taiwanese-operated ship was fired on by Iran, ship tracking data showed.Maritime and Port Authority of Singapore (MPA) Confirms EVER Lovely DamageThe…
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As Strait of Hormuz Opens, Oil Falls
Crude prices plunged by more than 3% on Friday, on course for steep weekly losses, on easing supply concerns as more stranded oil tankers exited the Strait of Hormuz, even though a cargo vessel was hit near Oman on Thursday.Brent crude futures fell $2….
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