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.
The bull market in the tanker sector continues to run, two years after its beginnings in the wake of Russia’s invasion of Ukraine.
One of the world’s largest offshore vessel owners Tidewater was a driver of consolidation in the sector towards the end of a lengthy downturn.
Svitzer has taken delivery of Svitzer Babitonga the final tug in a series of six sister vessels from the 2300 Rampart Series.
Salvage teams in Baltimore are preparing to remove the section of bridge from Dali to free the stuck container ship.
CMA CGM is adding to its Transpacific portfolio with a service connecting China, Korea, and Japan with Mexico.
Latest figures from Oslo freight analyst, Xeneta, reflect mixed signals from the world’s liner trades.
The US Federal government is pushing the development of floating offshore wind even as fixed turbine developments slow.