Nigerian owner Temile Development Company has contracted South Korea’s shipbuilder HD Hyundai Heavy Industries for up to two very large gas carriers (VLGCs). The deal covers one firm and one optional 88,000 cu m LPG […]
BFS Marine Finance, part of Bibby Line Group’s independent funder Bibby Financial Services, has lined up £20m ($25m) to support smaller businesses within the commercial marine sector. A structured facility has been agreed with the […]
US president Donald Trump has signed a well-telegraphed executive order aimed at resuscitating American shipyards while also limiting China’s dominant influence on the sector. Acknowledging the US’s less than 1% global shipbuilding market share yesterday, […]
Malaysian offshore marine support services firm Perdana Petroleum has won contracts for the charter of two AHTS vessels. The company will provide two AHTS vessels, along with crews and equipment, to perform the scope of […]
Portcoast Supply chain planners are busy booking shipments from non-Chinese destinations into the US today following last night’s tariff surrender by Donald Trump, the American president. Trump announced a 90-day pause for countries hit by […]
The documentary committee of BIMCO has approved revisions to its war risk clauses for voyage and time charters to reflect changes in the geopolitical challenges facing the shipping industry. The subcommittee working on the revisions […]
Greater ChinaTech Scientists at Harbin Engineering University in northeast China have developed a system to provide ships with complete 360-degree visibility. The system features a dual-module design with eight to 12 cameras per unit, integrating […]
The European Union will clamp down on the shipping of plastic pellets. The EU has set obligations for the transport of plastic pellets by sea in containers, including ensuring good quality packaging and providing transport […]
Andrew Craig-Bennett with financial advice for shipowners amid the Trump market gyrations. Donald Trump has just backed away from the abyss – denying, of course, that he is doing any such thing – and, while […]
The huge spike, following the selloff, evokes further parallels with the Dotcom Bust and Financial Crisis crash, in the middle of which similar spikes occurred. By Wolf Richter for WOLF STREET. Stock prices now reflect what the President […]
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