According to a report from Bloomberg, Freeport LNG’s liquefied-natural-gas terminal in Freeport, Texas, is to receive the Grace Cosmos, a tanker capable of carrying 146,794 cubic meters of LNG.
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It’s now more than a year since the tanker market took off. In mid-2014 tanker earnings picked up and since then have been in the $30-$40,000/day range, says a Clarksons study.
Owners are rapidly laying up containerships as the market slows. The size of the idle fleet will get bigger while rates and profits slide, says Drewry Shipping Consultants Limited.
Egypt plans to complete a side channel in East Port Said, near the Suez Canal, that would speed up shipping and allow ships direct entry into the port by the end of June 2016,
Marintec China exhibition has grown by 14% since its last edition to cover 80,000 sq m with over 2,000 exhibiting companies from 34 countries defying the talk
Shipping could be responsible for 17% of global CO2 emissions in 2050 if left unregulated, according to a new scientific study conducted by European Parliament
Transparency Market Research launched its latest study on the global bunker fuel market, in terms of revenue and volume. The report predicts that the global