Ship Recycling Activity Climbs in Week 18
Activity across the Indian sub-continent ship recycling markets has been climbing on the back of recently witnessed agitations in the…
Meyer Turku Group Increases Turnover
Meyer Turku Group’s results for 2023 indicate the company’s turnover was 1.43 billion euros, which means a growth of 10.6%…
Esgian Week 18 Report: Confirmations, Terminations and Suspensions
Esgian reports an eventful week with contract confirmations, terminations and suspensions in its Week 18 Rig Analytics Market Roundup.Report SummaryContractsBurullus…
Saudi Red Sea Authority and NEOM Sign Tourism MoU
Saudi Red Sea Authority (SRSA) has signed a memorandum of understanding (MoU) with NEOM to collaborate on the development of…
Matt Kaplan to Lead New Great Lakes Authority
The White House has nominated Matt Kaplan to serve as the first federal co-chair of the Great Lakes Authority (GLA).The…
Unified Command Prepares for Removal of Bridge Piece on Top of Dali
Key Bridge Unified command salvors have begun preparing for the removal of bridge section four, which lies across the bow…
Big Oil Finds More to Love in Deepwater Exploration Fields
As Big Oil returns this week to the industry’s annual showcase for offshore energy projects and equipment in Houston, deepwater…
US Navy christens expeditionary sea base Robert E. Simanek
The US Navy christened the future Lewis B. Puller-class expeditionary sea base (ESB) USS Robert E. Simanek in a ceremony…
Greece’s Professor Shipping sells only ship for recycling
Professor B one of four ships reported recycling sales as owners of older vessels prefer to trade rather than scrap
Strength in S&P values extending to older tonnage, says Clarksons
While modern units are seeing some very firm pricing, values for 15-year-old ships are not too shabby either