Newbuild Prices Skyrocket In Almost Two Decades

According to Clarksons newbuild prices are experiencing the sharpest increase for almost two decades. Thanks largely to the extremely high number of containerships and LNG carriers ordered over the past 15 months. A recent...

Vintage VLCCs Selling Like Hot Cakes

A recent news article published in the Splash 247 states that vintage VLCCs selling fast. Vintage VLCC sales are filling up Vintage VLCC sales are filling up broking reports with more ships sold in March than...

American Companies That Failed in China

For decades, China has been a top priority for American companies looking to expand. This is because the country’s middle class is simply enormous, growing from 3.1% to 50.8% of the country’s total population...

The Emergence Of A World IT Army

The war in Ukraine is forcing a dramatic shift in not only the world’s power structure (Russia may no longer be a superpower) but has created the first viable international cyber army that might...

Nine New Covid Symptoms Added!

The symptom list has been expanded days after officials ended free universal testing in England, reports New Scientist. New Symptoms Now, as 4.9 million people were estimated to be infected in the UK in the week...

Russia & Ukraine May Resume Video Talks Monday

Negotiators from Russia and Ukraine may resume video talks Monday even as Kyiv accuses Moscow’s forces of carrying out atrocities in towns in the north, reports Bloomberg Quint. Russia has dismissed images of executed unarmed...

Musk Buys 9% Stake in Twitter To Become Top Shareholder

Stake valued at about $3 billion Twitter shares surge 20% Tesla Inc. top boss Elon Musk revealed a 9.2% stake in Twitter Inc., worth nearly $3 billion, making him the micro-blogging site's largest shareholder...

World’s 1st LH2 Carrier in A Fire Incident

The Australian Transport Safety Bureau (ABTS) is investigating a fire incident onboard the world’s first LH2 carrier Suiso Frontier that took place on 25 January in Hastings, reports Offshore Energy. Fire onboard world’s first LH2...

J-DeEP’s Floating Hydrogen Plant Gets ClassNK Approval

The classification society ClassNK has granted approval in principle for the design of a floating offshore hydrogen production plant developed by J-DeEP. Floating offshore hydrogen production plant Japan Offshore Design & Engineering Platform Technology & Engineering...

Shipbuilding is Closing In on the Supercycle Territory, Report Says

Analysts at brokers BRS have posited that shipbuilding is closing in on the supercycle territory it last enjoyed in the first decade of the 21st century, reports Splash247. Ordering frenzy In BRS’s recently published, extensive annual...