The surplus of supertankers competing to load 2 million-barrel shipments of Middle East crude oil shrank to an eight-week low.
There are 7.5 percent more vessels for hire over the next 30 days than there are likely cargoes, according to the median estimate of six shipbrokers and owners surveyed by Bloomberg News today. That’s the lowest level since Jan. 31 and compares with a 12 percent excess a week ago. (Bloomberg).
Sweden-based construction and development company Skanska has signed the final contract award, worth $612 million, for the…
The first commercial vessel transited through a newly opened channel in the Port of Baltimore following the deadly collapse…
Royal Caribbean Group raised its annual profit forecast for a second time and beat expectations for first-quarter profit and revenue on Thursday…
The U.S. Department of Energy (DOE) has released its latest report in the Pathways to Commercial Liftoff series, describing how the U.S.
As the maritime industry continues to rapidly advance with increasingly stringent regulations and ever-evolving technology, staying ahead of the curve requires embracing innovative technological
Abnormal liner wear and seized or broken piston rings can result in costly consequences.
AST has developed and grown, increasingly providing full-service network solutions, far beyond traditional satellite services.
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