VesselsValue: Volatility continues in crude tanker sector
Over the last few months, the crude tanker market has continued to show signs of volatility, with rates still suffering and cargo miles faltering again in February after a short period of
Over the last few months, the crude tanker market has continued to show signs of volatility, with rates still suffering and cargo miles faltering again in February after a short period of
The National Transportation Safety Board (NTSB) has issued its report on the November 14, 2019, incident in which, about about 2.15 p.m. local time, the offshore supply vessel Cheramie Bo Truc No.
Shipping continues to face threats such as piracy, kidnapping and terrorism. Ship operators need to stay alert to security risks and recognize that threats are continually evolving and demand constant vigilance. To
As part of the first high-level preparatory talks for the COP26 summit, Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, a world leader in shipping and logistics, has put forward
Despite what some headlines might suggest, cruise giant Carnival appears to be reluctant to switch ships from U.S. ports. In a conference call with analysts yesterday, Steve Wieczynski of Stifel put this
Wärtsilä is cooperating with the Finnish Border Guard in the testing of Bio-LNG as fuel for the 96 meter long Coast Guard patrol vessel Turva. The aim is to lower greenhouse gas
A U.S. Coast Guard Marine Safety Alert (02-2) released last month notes the increasing failure rate of fixed and portable emergency dewatering equipment in the inspected towing vessel fleet. The alert reiterates
The St. Simons Sound Response team reports that cutting operations to separate Section Seven of the wreck of the capsized car carrier Golden Ray resumed over the weekend. Divers successfully placed the
Although the containership Ever Given was fortunately freed after less than a week of blocking the Suez Canal, BIMCO notes that the consequences for owners and operators due to the delays caused
While Norwegian Cruise Line Holdings said yesterday that it had informed the Centers for Disease Control (CDC) that it plans to resume sailing from U.S. ports on July 4, no similar announcements