Baltic Exchange analysis has revealed that a five-year-old Suezmax tanker is currently worth more than the cost of a newbuilding. As the VLCC contracting spree accelerates, could the Suezmax sector follow the same pattern?
Italian shipbuilding group Fincantieri is bringing its expertise in shipbuilding, maritime equipment, training and more to Saudi Arabia.
After six consecutive quarters of falling profits, container lines rebounded in the first quarter 2024 with rate support from geopolitical disruption.