The National Shipping Company of Saudi Arabia, Bahri and the Suez Canal Authority (SCA) have signed a Memorandum of Understanding (MoU) with an aim to establish Egyptian maritime transport services company.
February 2023 was a strong month for newbuild orders of vessels with alternative fuel systems, with methanol-fuelled vessels outnumbering LNG by two-to-one.
Tanker markets have performed well over the first two months of the year, with sharp increases in spot earnings in both the crude and products sectors, according to Maritime Strategies International (MSI).
The latest episode of Maritime in Minutes features nuclear powered shipping, Maersk’s integrator ambitions, seafarer abandonment, emissions and environmental regulations, and much more.
The arbitration to settle whether Frontline was within its rights to terminate its merger deal with Euronav could take "several months if not years" to settle, according to Euronav.
