UN buys VLCC to avert Red Sea pollution catastrophe
The FSO Safer, a decaying tanker holding four times as much oil as spilled by the Exxon Valdez is a ticking time bomb threatening a Red Sea catastrophe. Yesterday, the United Nations
The FSO Safer, a decaying tanker holding four times as much oil as spilled by the Exxon Valdez is a ticking time bomb threatening a Red Sea catastrophe. Yesterday, the United Nations
Tampa, Fla., headquartered U.S.-flag tanker and ATB operator Overseas Shipholding Group, Inc. (NYSE: OSG) today reported its results for the fourth quarter and full year 2022. Highlights included: “Operational and financial performance
“Shipping will play a pivotal role in driving the global clean energy transition,” that was the message delivered by ABS chairman, president and CEO Christopher J. Wiernicki gave in a series of
Brazilian mining giant Vale International and Japan’s Mitsui O.S.K. Lines, Ltd. (MOL) have reached an agreemen that will see two rotor sails retrofitted on a 200,000-dwt class bulk carrier, currently employed under
Female seafarers working for Captain Rajesh Unni’s Synergy Group are to get more comfortable coveralls. The Singapore-headquartered ship management company is rolling out new Personal Protective Equipment (PPE) that has been designed
Hunter Group ASA, the Oslo-listed investment company that successfully constructed, owned and operated eight very large crude carriers until it sold the last of them last year, is now setting its sights
Maritime needs to start viewing the shipping decarbonization transition as running a marathon, not a sprint says Mikael Wideskog, Wärtsilä’s Director, Sustainable Fuels and Decarbonization. When you train for a marathon, you
The American Waterways Operators (AWO) has announced the inaugural awardees of its newly-launched American Waterways Honor & Excellence in Rescue Operations (HERO) Award. The awards document and recognize rescues undertaken by AWO
“Despite a weaker rate environment, our Q4 results cemented a record annual profit of roughly $250 million for 2022,” said Gary Vogel, CEO of Stamford, Conn., headquartered Eagle Bulk Shipping Inc. (NYSE:
First Citizens Bank reports that its Maritime Finance group, part of its CIT division, has provided financing to Purus Clean Energy, a subsidiary of Purus Marine, to support the acquisition of the