Alabama Port Achieves 50-Foot Milestone, Strengthening Gulf Shipping Capacity
Container News reports that the Alabama Port Authority has successfully achieved a landmark dredging milestone: the Mobile Ship Channel is now confirmed at a...
New Barge Contract Marks Growth Milestone for St. Johns Ship Building
Nautical Voice reports that St. Johns Ship Building, based in Palatka, Florida, has secured a significant contract from Johnson Bros. Corporation to build three...
Höegh Evi, Snam, and HIGAS Collaborate on Sardinia LNG Expansion
Höegh Evi, Snam S.p.A., and HIGAS S.r.l. partner to modernize Sardinia’s LNG terminal in Oristano.
A floating storage and regasification unit (FSRU) will...
Strong Demand from India Drives Up Costs for Russian Crude Shipping
Freight rates for Urals crude shipments from Russia to India increased sharply in late September and early October.
Crude exports from Russia’s western...
Capesize Sector Drives Surge in Secondhand Bulker Values
Bulk carrier values are climbing steadily, driven by firm freight earnings and strong buying interest in mid-aged eco-designed vessels.
Capesize ships are outperforming...
Austal Secures $100 Million Loan to Expand U.S. Naval Shipbuilding Capacity
Austal Limited secured a US$100 million loan from Export Finance Australia to boost its shipbuilding operations in Mobile, Alabama.
The funding supports construction...
Global Shipowners Push for Decisive Climate Action at Upcoming IMO Meeting
Major shipowner associations representing about 25% of global tonnage have urged IMO members to adopt the Net-Zero Framework at next week’s meeting.
The...
Russia’s Blacklisted Tankers Keep Dumping Oil in Europe’s Seas
The issue of oil pollution from Russian-linked vessels, referred to as the "shadow fleet," continues to pose an environmental risk near European shores despite...
Capesize Rates Climb on Pacific Routes as Tonnage Thins
The dry bulk market has exhibited varied trends across the major vessel segments, with Asian holidays impacting the start of the week but a...
VLCC Returns Remain High Despite Rate Softness in Global Tanker Market
A detailed analysis of the crude oil tanker market reveals varying conditions and price dynamics across the major vessel classes and global trading regions.
VLCC...
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