Completion of demonstration facility to safely process surplus ammonia from ammonia-fueled vessels.| The Maritime Review
In the Supply/demand balance For crude tankers, BIMCO forecasts the supply/demand balance will tighten further during both 2024 and 2025. Low fleet growth, along with increasing sailing distances, create the foundation for the improvement despite a slowing of growth in oil demand.| The Maritime Review
THE PHILIPPINES should build a self-reliant coastal defense system and support local shipbuilders if it wants to become a maritime hub, experts and a local shipbuilder said.| The Maritime Review
During the first 8 months of 2023, contracting of product tanker newbuilds hit a 10-year high, reaching 140 ships and 10.72 million deadweight tons (DWT). The last time more than 10 million DWT were contracted from January to August| The Maritime Review