LATEST ARTICLES

GTT Receives LNG Carriers From Samsung Heavy

A recent news article published in LNG industry states that GTT receives order from Samsung Heavy Industries. Announcement from GTT GTT has announced that it has...

Amid Recession Fears Crude Oil Futures Recovers From Session Lows

US ISM manufacturing PMI slumps in June China tightens COVID-19 curbs in eastern cities Crude oil futures were lower in mid-morning Asian trade July...

High-speed Internet In Flights, Credit To Musk

SpaceX will now be able to offer Starlink satellite internet to vehicles in motion, following authorization by  the US Federal Communications Commission (FCC). The move,...

FBX Index July: Looking Forward

June has been earmarked by some as the time when container markets have finally come under genuine pressure, with the FBX Global Average dropping...

VLCC Rates Hiked Up: Volatility In Market

•Markets likely to remain volatile, with scrubber-fitted ships enjoying huge premiums for now. •Cost of Oil tankers rose overnight, creating a problem for hiring VLCC. •Mideast-...

Paris MoU Annual Report For 2021

The report provides an overview of the activities and statistics of the Paris MoU in 2021, which was again different from regular years...

Price Cap: Russian Oil Half Of Current Price

Russian oil will be subject to a price ceiling that would be about equal to half of the present purchase price as retaliation for...

GTT Inks Major Contract For Its “Smart Shipping” Solution

GTT announces the signature of a major contract for its Smart shipping solutions, says a press release on their website. Data collection systems GTT Digital, to...

What’s In The $5,000 Star Wars Cocktail From Disney?

Disney recently debuted the newest menu item from the "Star Wars"-themed lounge on the new Disney Wish cruise ship at and in a galaxy...

China’s Shipbuilding Output Dropped 15.3% in The First Five Months

Chinese yards' shipbuilding volume was 14.28m dwt for the first five months of this year, declining 15.3% year-on-year, reports Seatrade Maritime News. Declining orders Newly-received shipbuilding...