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Shipbuilding
Tanker trade freezes as Maduro arrest deepens Venezuela oil paralysis
The global tanker market is facing significant disruptions following the dramatic arrest of Venezuelan President Nicolás Maduro by U.S. forces…
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Safe Bulkers Declares $0.50 Quarterly Dividend
Safe Bulkers, Inc. has announced a quarterly cash dividend of $0.50 per share on its Series C and Series D…
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Bulk Carrier
Capital Maritime Expands Fleet with Newbuilding Contracts in China
Greek shipowner Evangelos Marinakis is advancing his shipbuilding ambitions through Capital Maritime, which has recently secured a significant newbuilding contract…
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Shipbuilding
Scorpio Tankers Secures Major Charter Deal
Scorpio Tankers, based in Monaco, has successfully secured five-year charters for two of its LR2 product carriers at an impressive…
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Bulk Carrier
Ice Disrupts St. Lawrence Seaway Closure
CAPE VINCENT — The St. Lawrence Seaway, typically closing in early January, faces unexpected delays this year due to ice…
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Bulk Carrier
Scot Pioneer Successfully Refloated After Grounding Incident in Teignmouth
A large cargo ship, the Scot Pioneer, has been successfully refloated after running aground in Teignmouth harbour on New Year’s…
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Shipbuilding
Transocean Secures New Contracts for Drilling Rigs in Brazil and Norway
Swiss offshore drilling company Transocean has announced the acquisition of a new contract and an extension for two of its…
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Shipbuilding
Mastering Temporary Power on Construction Sites Guide
In the fast-paced world of construction, effective temporary power distribution is crucial for maintaining efficiency and safety. Proactive planning, compliance…
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Shipbuilding
India Offers 15-25% Shipbuilding Subsidies to Boost Industry
The Indian government has announced a significant support policy worth 7 trillion Korean won (approximately 430 billion rupees) aimed at…
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Bulk Carrier
Venezuela’s Maritime Landscape Faces Transformation Amid Rising Risks
Venezuela’s maritime environment is experiencing significant changes, marked by a surge in unconventional vessel activities over the past year. This…
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