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.

Finnish engineering firm Aker Arctic announced it has signed a deal with Argentinian shipbuilder Tandanor Shipyard to finalize the basic engineering design of a new polar vessel for Argentina. The project officially kicked off in Buenos Aires…

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

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…