According to GMS, it has been another impressive week in both the Indian and Pakistani markets, with reportedly several sales taking place above the $700/LDT mark. These levels seem increasingly indicative of a market that is firm and these…

Dutch marine and offshore energy services firm Boskalis said Monday it would convert vessels within its Offshore Energy division into hybrid vessels through the retrofitting of Energy Storage Systems, or ‘power packs’. "The conversions, which entail a sizable capital investment…

Shell Plc said on Monday it has resumed shipping liquefied natural gas (LNG) from its Prelude floating LNG facility off northwest Australia after a four-month shutdown due to a major power failure.A cargo completed loading and left the site on Sunday night…

A Singapore-flagged containership went adrift after losing engine power off the coast of California, the U.S. Coast Guard said.The crew of the 564-foot Wan Hai 176 told Coast Guard Sector San Francisco watchstanders that the ship started drifting as the result of mechanical problems on Friday.