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Gulf of Mexico projects lift 2018 oil forecast

In its first detailed short term forecast covering 2017-2018, the Energy Information Administration predicts that U.S. crude oil production will rise by 400,000 barrels per day, thanks in part to the completion of major offshore projects in the...

12/01/2017 Read

2010-built panamax containership ‘Hammonia Grenada’ sold for scrap

Another 7-year-old panamax containership is headed to the breakers, all but solidifying the death of the panamax-class amid global shipping’s downturn and the opening of the expanded Panama Canal. Sources familiar with the matter tell u...

12/01/2017 Read

Australia, Japan a step closer to liquid hydrogen shipping

Australia and Japan have signed an agreement which will allow liquid hydrogen to be shipped in bulk for the first time, according to the Australian Maritime Safety Authority (AMSA). Japan is developing ship containment systems that will be ca...

12/01/2017 Read

Maersk containership grounds in southern Italy

 366-meter-long Maersk Line containership ran aground early Tuesday while transiting the Strait of Messina in Southern Italy. The Italian Coast Guard confirmed the Denmark-flagged MV Gustav Maersk ran aground overnight near the town of T...

11/01/2017 Read

Alphaliner: Number of large-scale carriers shrinks

The harsh conditions in the container shipping market during the 2016 have led to a drop of large-scale international carriers to 17 as at January 2017, down from 20 a year ago, according to Alphaliner. Namely, the reduction is a result of th...

11/01/2017 Read

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