Bright Outlook for Ship Recycling
2025 seems to have started on an optimistic note in the ship recycling markets, with a noticeable willingness to buy from various buyers across the Indian sub-continent, reports cash buyer GMS.However, although the turn of the year seems to be bringing in a sprinkle of optimism, there remains little to be cheery about as key economic factors affecting the various ship recycling locations continue to…
TMC Compressors Chosen for Maersk Newbuildings
Yangzijiang Shipbuilding Group has awarded a contract to TMC Compressors to deliver its Smart Air compressors to six mid-sized dual-fuel methanol container ships that it is building for Maersk.Under the contract, TMC Compressors (TMC) will provide a complete marine compressed air system based on its Smart Air compressors, which it says offer up to 40% energy saving compared to conventional compressors.
Russia Clearing Beaches After Black Sea Oil Spill
Russia declared a regional state of emergency on Saturday in Crimea, which it seized from Ukraine in 2014, as workers cleared tons of contaminated sand and earth on either side of the Kerch Strait following an oil spill in the Black Sea last month.Mikhail Razvozhaev, the Russia-installed governor of the city of Sevastopol, said new traces of minor pollution required urgent elimination and declared…
Biden Expected to Ban Oil and Gas Development on Millions of Offshore Acres
President Joe Biden is set to ban new offshore oil and gas development across 625 million acres (250 million hectares) of U.S. coastal territory, Bloomberg News reported on Friday.The ban, to be announced on Monday, rules out the sale of drilling rights in stretches of the Atlantic and Pacific oceans and the eastern Gulf of Mexico, said the report, citing unidentified people familiar with the matter.Biden…
