Fleet Supply and Freight Rates Drive Crude Tanker Values Higher
Crude tanker asset prices have been rising in recent weeks, lifted by a surge in freight rates and tightening vessel availability across global markets, while product tanker values remain strong, reports Lloyd’s List.
Crude tanker...
Northern Lights Takes Delivery of Newbuild Liquefied CO2 Carrier
Norwegian Joint venture Northern Lights took delivery of a new liquefied CO2 carrier, Northern Phoenix, on 2nd December at Dalian Shipbuilding Offshore Co. Ltd. in China. The vessel will now be chartered to Kawasaki...
Seafuels Orders Next-Generation Eco-Fuel Tanker to Replace Awanuia by 2027
Vessel, which is expected to be delivered and named in late 2027, will replace Seafuels’ current bunkering vessel Awanuia, which will have served Auckland for 18 years.
Seafuels Orders New Eco-Fuel Bunkering Tanker
Port of Auckland...
Russia Approves New FSB-Led Rules for Vessel Entry and Underwater Hull Inspections
The Russian government has approved the "Rules for coordinating entry permits for vessels arriving from foreign ports and calling seaports of the Russian Federation with an official of the Federal Security Service" and the...
Fincantieri and ASRY Sign Partnership to Expand Naval Collaboration in Bahrain
Agreement Signed in the Presence of Italian and Bahraini Leaders.
Partnership Targets Military and Offshore Vessel Projects.
Deal Supports Fincantieri’s Strategic Growth in the Middle East.
In a significant moment during the 46th Gulf...
Container Rates Rebound After Weeks of Decline
Weekly GRIs Help Carriers Hold Spot Rates Steady.
Asia–Europe Maintains Three-Week Rate Stability.
Suez Canal Uncertainty Continues to Shape Market Outlook.
The Drewry World Container Index saw a 7% increase, reaching $1,927 for a...
Davie Defense Expands U.S. Presence With Major Texas Acquisition
U.S. Approvals Clear Path for New Specialised Builder.
Move Aligns With Push to Strengthen Arctic and Domestic Capacity.
ICE Pact Positions Company in Trilateral Icebreaker Effort.
Davie Defence has officially wrapped up its acquisition...
Rising Black Sea Tensions Spark Security Warnings from Ankara
Exclusive Economic Zone Violations Raise Regional Alarm.
Talks Held with NATO Leadership and Regional Ministers.
Kyiv Accepts One Strike but Denies Involvement in Another.
On Wednesday, Turkish Foreign Minister Hakan Fidan raised alarms about...
IMO Assembly Shows Strong Unity and Decisive Action
Member States Raise Security Challenges and Treaty Progress.
Seafarers Placed at the Heart of IMO’s Work.
Assembly Recognises BBNJ Agreement and Advances Gender Inclusion.
According to Arsenio Dominguez, the Secretary-General of the IMO, the...
Auckland Expands Green Fuel Capacity With New Bunkering Tanker Order
A New Zealand port subsidiary has signed a shipbuilding contract for a new bunkering vessel worth $50 million.
The vessel will support biodiesel and methanol alongside conventional low-sulphur marine fuels.
Delivery is scheduled...