Container rates are on fire. How can you invest in that?

Containers have wrestled the ocean-shipping headlines away from tankers and bulkers as stratospheric China-to-California box rates approach $4,000 per forty-foot equivalent unit (FEU). Container shipping, declares a glowing new report by Fearnleys Securities, is “The Unsung Hero.” How can...

Data collection marks wind farm progress

A jack-up vessel is working close to shore off a Norfolk, UK beach collecting seabed data to shape the design of two major wind farms.

Subsea business unit launched

A global provider of subsea cable installation and maintenance services to the telecommunications, offshore renewables, utility and oil & gas markets has launched a new business unit.

Pier repair will bring multiple port benefits

Associated British Ports has announced the commencement of construction work to repair Swansea West Pier, which plays an important part in preventing coastal erosion in the City of Swansea.

Retractable thrusters for Coast Guard vessel

Finnish maritime major Wärtsilä has won a contract for the delivery and integration engineering of two Retractable Thrusters and a Dynamic Positioning (DP) system for the CCGS Amundsen, a Canadian Coast Guard (CCG) Icebreaker.

Two tandem lifts in two days

The UK’s Port of Sunderland has reported that it has performed two tandem lift projects in two days, using its pair of Liebherr 420 harbour mobile cranes.

Oil tankers face new normal amid pandemic and decarbonization drive

The global tanker shipping industry is likely to find a new normal in the medium term, with sales of second-hand ships taking center stage while orders for newbuilds slow down. Meanwhile, existing tanker companies may become bigger as ships...

Dry Bulk Market: Capesizes Gained 50% This Past Week

Capesize After the past few weeks of rates snaking sideways while softening, the Capesize market took on a clear and decisive upward trajectory these past few days. The Capesize 5TC gained over 50% in value opening the week at...

Tankers: VLCC Market Still Under Pressure

VLCC Owners again faced another week of downward pressure across the board. In the Middle East there has been more Contract of Affreightment nominations than fixing on spot market tonnage this week, which hasn’t had any real effect on...

US crude exports to remain stable, but seaborne imports likely to rise

New trends in US crude trade may arise, as oil demand recovers but impacts from the Covid-19 pandemic on US oil supply linger. US crude exports have expanded sharply in recent years following the lifting of US oil export...