July 5, 2022
Guangzhou Shipyard delivers pair of innovative Newbuild Ships

Guangzhou Shipyard delivers pair of innovative Newbuild Ships

Guangzhou Shipyard delivered a pair of innovative ships recently: the 274m, 157,300 dwt Greenway reported to be the world’s first LNG dual fuel Suezmax tanker built for Singapore headquartered shipowner Eastern Pacific Shipping Pte. Ltd.; and the 49…
July 5, 2022
Ship Recycling Market Prices continue Free Fall

Ship Recycling Market Prices continue Free Fall

The degraded performance across the ship recycling sector over the last few (and painful) months shows few signs of abating just yet, as it has been a veritable tale of misery, even though prices remain at some of the firmest levels we have seen over the last decade.
July 5, 2022
Norway’s OSM Maritime Buys New Zealand’s Kingston Offshore Services

Norway’s OSM Maritime Buys New Zealand’s Kingston Offshore Services

Norway's offshore and maritime services provider OSM Maritime (OSM) has bought New Zealand’s oil and gas and offshore marine service firm Kingston Offshore Services. "The acquisition was completed on June 30th and aims to further strengthen OSM’s current operations and services in Oceania…
July 5, 2022
Egypt’s Suez Canal Revenue Hits Record High of $7B

Egypt’s Suez Canal Revenue Hits Record High of $7B

Egypt's Suez Canal revenue hit a record high of $7 billion in the financial year to June 30, up 20.7% from the previous year, Canal Authority Chairman Osama Rabea said on Monday.A statement from the authority attributed the rise to an increase in vessel numbers and cargoes, with total cargoes reachi
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