Bouygues Unit Tapped To Build LNG Facility
Bouygues Offshore’s SN Technigaz won a contract worth approximately $82 million in Spain. Bahia de Bizkaia Gaz (BBG) chose SN Technigaz to build a liquefied natural…
Vosper Thornycroft Wins Warship Contract
Vosper Thorneycroft has won a $205 million British government contract to build two new specialist warships, safeguarding 800 jobs at the Appledore Shipyard. The…
Panamax Rates Hold Firm
Asia's Panamax rates for dry bulk cargo are expected to remain firm this week on strong vessel demand for grain and mineral exports and support from a rebound in Capesize, traders said.
Tanker Rates Continue To Soar
Modern vessel shortages in the North Sea are pushing Aframax and Suezmax tanker rates to year high levels. Rates for Aframax 80,000 ton vessels have repeated the…
Oil Industry: EPA Going “Too Far, Too Fast” On Diesel
The U.S. oil industry locked horns with environmental regulators last week over a new proposal to make diesel burn cleaner. The Environmental Protection Agency (EPA)…
P&O May Face Fines In Immigrant Deaths
P&O may face fines of $181,000 over 60 illegal immigrants who traveled to England in a truck on one of its ships, 58 of whom were found dead upon arrival. Of the…
Going Down With The (Cruise) Ship
The fickle fate of finance has clubbed yet another maritime niche, one that has been an overachiever for much of the past decade. The cruise industry, riding high for more than half a decade…
