The strength in the product and handy tanker sector can be seen in the now reported Q1 results from Ardmore Tankers (ASC).

Small, controlled explosions to remove a section of the collapsed Key Bridge resting on top of the container vessel Dali in Baltimore port have been postponed for a second day.

Preparations are being made for the controlled demolition of the portion of the Francis Scott Key Bridge across container ship Dali in Baltimore.

CIMC Enric Holdings, the energy, chemical and liquid equipment unit of CIMC, reports RMB26.9 billion in orders on hand as at the end of March 2024, representing a significant increase of 41.9% year-on-year.

The Ministry of Energy and Infrastructure of the United Arab Emirates (UAE) and the Panama Maritime Authority (AMP) have inked a Memorandum of Understanding (MoU) giving new incentives to vessels flagged in Panama.

One of the world’s largest offshore vessel owners Tidewater has reaped the benefits of consolidation at a time when the market was in a lengthy downturn and remains hungry for more.

NYSE-listed Scorpio Tankers is in discussions to reduce its debt levels which would substantially lower its breakeven level and see it printing money.

Port of Salalah in Oman has launched a multi-modal service connecting to the Saudi Port of Jeddah as an alternative to rerouting via the Cape of Good Hope.

Diversions of container ships via the Cape of Good Hope has resulted in a continuous reconfiguration of port calls and vessel sizes on services as carriers adjust Asia to Europe loops to cope with the latest demands.

In-situ and in-workshop propeller repair capacity has been expanded at Drydocks World with enhanced fabrication, laser pitch checking and blade profiling competencies.