After installing single 12m-high and fully-tiltable 17m-high suction sails on a longliner and on a general cargo ship respectively, the latter being the largest suction sail ever built and installed, wind-assist and sail developer, bound4blue, is...
It’s a story that brings to mind the old aphorism about port development in the Middle East: “It's good to have a masterplan to create a [multi-]million teu facility, but maybe try half a million first.”
AD Ports Group has signed a general corporate facility agreement with a syndicate of 13 regional and international banks for a $2bn loan facility.
The rosy outlook for the tanker has taken another knock with the surprise announcement by OPEC of production cutbacks.
Seven IMO member states have nominated a candidate ahead of a vote on the agency’s new leader later this year.