Egypt's Suez Canal has extended rebates on canal tolls for liquefied petroleum gas (LPG) and liquefied natural gas (LNG) carriers from July until the end of the year, the canal authority said in circulars published on its website.LPG tankers operating between the American Gulf and ports west of Indi

A first-of-its-kind crew transfer vessel (CTV) has been launched by U.K. shipbuilder Diverse Marine for offshore crew transfer specialist Seacat Services.The multihull newbuild, Seacat Columbia, is the first BARTech30 CTV designed by BAR Technologies in partnership with Chartwell Marine.

After the recent falls sustained across all sub-continent recycling markets, there does seem to be a new floor in the low $600s/LDT that has been reached.As expected, there have been instances of opportunistic offerings below the $600/LDT mark.

Over the last year we have seen an upswing in floating production and storage systems ordering after many years of low activity. According to our colleagues at World Energy Reports, “The global oil and natural gas markets are contending with…