The American Bureau of Shipping (ABS) is an industry leader in providing guidance for the safer development and deployment of hybrid power and supports its adoption with a strategy that focusses on the three areas of use covering storage, distribution,…
Hybrid Power Choices on the Increase for Maritime Read More »
The tanker market is reeling under the pressure of changing crude trade flows and tonnage oversupply, but could soon be faced with yet another peril. In its latest weekly report, shipbroker Intermodal noted that “we are now into the second half of 2018…
New Fuel Directives and the Tanker Market Read More »
Saudi Arabia has announced a temporary halt on oil shipments via Bab el-Maneb with immediate effect after reports of two tankers attacked by Yemen’s Houthi militia surfaced mid-week. It’s been reported that the two vessels were owned by Bahri (Saudi Na…
Conflict Shakes Middle East Exports Read More »
With its latest orders for next-generation LNG carriers and FSRUs, the BW Group has again demonstrated its flexibility in adapting to a changing market environment. The newbuilding orders reflect a continuous search for efficiency gains whilst maintain…
Flexibility for Changing Markets Read More »
The tanker market could be on the verge of receiving some relief in the coming weeks. In its latest weekly report, shipbroker Allied Shipbroking said that “despite the fact that the tanker market still seems to be in the midst of a perfect storm, there…
Tankers Could be in for some Respite Soon Read More »