Subcontinent Ship Recycling Market Remarkably Quiet
Despite the Pakistani & Bangladeshi markets stabilizing and displaying a far greater aggression at the bidding tables over the last five weeks, it has been a remarkably quieter start to 2024 for ship recycling than many had anticipated, says cash buyer GMS.With Houthi attacks, trading markets have remained unseasonably firmer, thereby delaying the historical ‘post-New Year aggression’ from the sub…
FMC Mulls Investigation into Suez and Panama Canal Impacts
The US Federal Maritime Commission (FMC) held an informal public hearing examining impacts from attacks on merchant shipping in the Red Sea and Gulf of Aden on February 7.Opening the hearing, Commissioner Carl Bentzel, voiced concern about safe access through both the Suez and Panama Canals.“What is at stake is severe international economic disruption. The United States is still recovering from the…
QatarEnergy Selects Nakilat to Own and Operate 25 LNG Vessels
QatarEnergy has selected Qatar Gas Transport Company Limited (Nakilat) to be the owner and operator of up to 25 conventional-size LNG carriers pursuant to Time Charter Parties (TCP).The 25 vessels, each with a capacity of 174,000 cubic meters, will be owned 100% by Nakilat and chartered out to affiliates of QatarEnergy. They are scheduled for construction at South Korean shipyards.This constitutes…
Russia Says it Foiled Ukrainian Drone Attack on Civilian Cargo Ships
Russia said on Saturday it had repelled an attempted Ukrainian drone attack on Russian "civilian transport ships" on Friday evening in the southwestern part of the Black Sea, a key artery for grain and oil exports from both countries.Civilian vessels on the Black Sea have not generally been targeted since Moscow ordered its troops into Ukraine in February 2022, but last July both sides said they would…
US Strikes Unmanned Surface Vessels Near Yemen
U.S. Central Command (CENTCOM) said on Sunday its forces on Feb. 10 had carried out strikes on two unmanned surface vessels (USVs) and three anti-ship cruise missiles north of Yemen's port city of Hodeidah that were threatening ships in the area."CENTCOM identified these USVs and missiles in Houthi-controlled areas of Yemen and determined they presented an imminent threat to U.S.
