KR Awards AIP for Two Green Ammonia-fueled Vessels
The Korean Register (KR) awarded approval in principal (AIP) to two green ammonia-fueled ships at KR’s Seoul branch office on December 15, 2021. One of the ships is a 60,000m3 ammonia-fueled ammonia carrier and the other is a 38,000m3 ammonia carrier/bunkering ship, developed by Korea Shipbuilding & Offshore Engineering (KSOE), Hyundai Heavy Industries (HHI) and Hyundai Mipo Dockyard (HMD).The AIP…
2021 in Review: The Dry Bulk and Tanker Markets
The Signal Group offers an exhaustive overview of the trends in the dry bulk and tanker markets that both defined 2021, and offer a glimpse as to what might be in store for 2022 and beyond. The report is excerpted in short below; to see the full report CLICK HERE.Using Signal Ocean data, give the insight to analyze the trends and changes across the major vessel sizes in the dry and tanker freight market for 2021.
Standard Drilling Sells PSV Standard Princess
Oslo-listed offshore energy investment firm Standard Drilling announced it has sold the platform supply vessel Standard Princess for $10.3 million.The Cyprus-headquartered…
Halter Marine Awarded Contract for Second USCG Polar Security Cutter
Pascagoula, Miss. shipbuilder Halter Marine has been awarded a contract to build a second U.S. Coast Guard Polar Security Cutter, the Pentagon announced Wednesday.The $552.7 million detail design and construction contract follows a $745.9 million contract awarded in 2019 to build the first PSC. There is also an option for a third PSC.The Polar Security Cutter program is planned to replace the Coast Guard's existing fleet of icebreakers.
2022 & Beyond: Will the Container Carrier Debacle Ever End?
When the global supply chain runs smoothly, it’s like a well-choreographed dance. Everything comes together elegantly and effortlessly. But when someone misses a step, the show can quickly turn into a disaster. And that’s what’s currently unfolding before our eyes, headline after headline.Those of us in the supply chain industry know it takes a Herculean effort to keep the wheels of commerce turning without so much as a squeak or rattle.
Chinese Uncertainties Continues to Weigh on Iron Ore Futures
Dalian and Singapore iron ore futures rebounded on Thursday after three days of losses, but worries over demand for the steelmaking ingredient in top steel producer China kept benchmark prices near their two-week lows hit the day before.The most-traded May iron ore contract on China's Dalian Commodity Exchange rose 2.4% to 679 yuan ($106.59) a tonne by 0248 GMT. It touched 650.50 yuan in the previous session, its lowest since Dec.
