Fincantieri Launches Carnival Horizon
Carnival Cruise Line’s newest ship, Carnival Horizon, was launched at Fincantieri’s shipyard in Marghera, Italy. Interior fittings will now begin, leading the ship to its delivery, scheduled in spring 2018. The new cruise liner, sister ship of Carnival Vista, the largest ship which Fincantieri has ever built for the Carnival Cruise Line’s fleet, delivered in Monfalcone in April 2016, will have a gross tonnage of 133…
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OPEC's Hope for Goldilocks Price Fade: Kemp
CERAWeek has exposed all the contradictions at the heart of OPEC’s attempt to rebalance the oil market without rekindling the shale boom or conceding too much market share to rivals.
Asia Dry Bulk-Capesize Rates to Climb Again
Number of spot capesize cargoes double from January levels; Pacific capesize earnings now around $14,000 per day. Freight rates for large capesize dry cargo vessels on key Asian routes…
China Dismisses Philippine Concerns Over EEZ Incursions
China on Friday dismissed concerns expressed by the Philippine defence minister over what he believed to be survey missions by its ships deep into the southeast…
Asia Tankers-VLCC Rates Falling as Tonnage Outweighs Demand
Freight rates for very large crude carriers (VLCCs), which fell to five-month lows this week, are set to drop further as excess tonnage and an absence of port congestion weigh on the market…
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