Ultramaxes can “super slow-steam” on oil until 2043
Based on Port Dragon Bulk’s estimates, slow steaming can be more cost-effective than LNG propulsion for the mid-size bulker segment
Baltic Dry Index dips again while sentiment stagnates
After a fun summer, the party is over for dry markets as bearish sentiment depresses rates ahead of the New Year.
Legal settlement allows Teekay Offshore to focus on growth
Tanker owner pleased that disputes involving more than $250m were ended for $47m.
Fincantieri profit up but Vard unit losing money
Italian shipbuilder says subsidiary hit by oil and gas downturn
Tidewater sheds directors as activist-led reforms take hold
Three directors have departed the offshore company, including its chairman
Scorpio Tankers ‘in the foothills of an inflection’
STNG executives could barely contain their excitement at the cashflows they foresee in the months ahead.