Clearlake Shipping, a wholly-owned subsidiary of Gunvor Group, has fixed a new building 37,000 deadweight ton (dwt) asphalt carrier, the White Pearl, to be delivered before year end.White Pearl will complement Gunvor’s growing asphalt trading business…
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, edged up on Tuesday, supported by gains in rates of panamax and smaller vessel segments.The overall index, which factors in rates for capesize…
During the first seven months of 2021, only three actively trading Very Large Crude Carriers (VLCCs) have been sold for demolition. The current market for seaborne transportation of crude oil is weak and has caused freight rates to drop to multi-year lows…
MPC Container Ships ASA announce on Tuesday that it has completed its acquisition of Songa Container AS.MPC announced in June that it had entered the share purchase agreement to acquire 100% of Songa shares for $210.25 million on a debt and cash free basis…
The University of Houston’s College of Technology will host the 12th Annual Maritime Risk Symposium (MRS 2021), in collaboration with the National Academy of Sciences, from November 2-4, 2021, at the at the University of Houston’s Student Center-South…
Shipments of limestone on the Great Lakes totaled 3.8 million tons in July, an increase of 11% compared to a year ago, according to the Lake Carriers’ Association (LCA). The trade was a near match to the month’s 5-year average.Loadings from U…
As of August 1, 2021, Wilhelmsen will begin to take over sales, logistics and consulting for Klüber Lubrication’s maritime portfolio for its sea going vessels. Initially within European countries and Southeast Asia, followed by the rest of the world from October 2021…
China's crude oil imports rebounded in July from a six-month low as state-backed refiners ramped up output after returning from maintenance, though independent refineries slowed restocking amid probes by Beijing into trading and taxes.China brought in 41…
A seismic isolation system provided by Casper, Phillips & Associates Inc. (CPA) has been installed on two quayside container cranes.The crane base anti-seismic isolation system (BASIS) is built on non-linear time history analysis (NLTHA) and…
As of end-June 2021, more than 100 turbine and foundation installation and maintenance vessels will be required for offshore wind projects planned over this decade.More than 100 turbine and foundation installation and maintenance vessels will…
BMT welcomed Catriona Savage to the role of Technical Assurance Director, responsible for its global technical authority. She re-joins BMT from a role as the Chair in Naval Architecture and an Honorary Professor at University College London…
After nine years president of Webb Institute, R. Keith Michel announced plans to retire effective June 30, 2022, and the search is on for his successor at this top-ranked undergraduate institution specializing in Naval Architecture and Marine Engineering…
Prices across the Indian sub-continent ship recycling markets continue their impressive upward trajectory this week, as end buyers press on for any available tonnage, at levels well above $600/LT LDT, especially in the case of Bangladesh and a now firming Pakistani market…
EnerMech’s cranes and lifting director John Morrison is set to retire after supporting the oil and gas sector for the last four decades.Morrison has spent the last 13 years of his career spearheading EnerMech’s installation, operation, maintenance…
In four decades of climate negotiations, the world has focused intensely and exclusively on the most abundant climate-warming gas: carbon dioxide. This year, scientists are urging a focus on another potent greenhouse gas – methane – as the planet's…
