According to an April 15 report from Bloomberg, Frontline Ltd. said that a plunge in supertanker rates to their lowest in at least 11 years will likely spur owners to scrap ships and cancel orders for new ones. Supertankers are making $4,335 a day after fuel costs for delivering Middle East crude to Asia and the U.S., according to data from the London-based Baltic Exchange.
(Source: Bloomberg)
Sanmar Shipyards won new build contracts for up to 10 tugboats, a milestone agreement that coincide with the shipbuilder's…
Norwegian shipbuilder Vard has signed a contract with research organization Inkfish for the design and construction of a…
DEME, through its Japanese joint venture Japan Offshore Marine (JOM), has secured a contract for the Oga–Katagami–Akita Offshore Wind Project…
Cheniere Energy Partners has signed a lump-sum turnkey engineering, procurement and construction (EPC) contract with Bechtel…
Vaisala AWS830 delivers real-time met-ocean data for safer helideck and offshore operations.
OFFERS ARE INVITED for the purchase of Supramax Bulker “CBW LIAN YUN GANG” (IMO No:9539834) of Hong Kong, strictly on an “as is where-is” basis pursuant to An order of the Federal High Court of
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