Symphony orders new Ecobox project carriers with Ferus Smit
Dutch shipping company Symphony Shipping has ordered two new Ecobox Xl project carriers with Ferus Smit Shipyards. The vessels are designed with a focus on loading extra-long items like windmill blades and are scheduled for...Read more
Spliethoff experiments with “nose job” for P-Type vessels
ShippingDutch breakbulk and project carrier Spliethoff is experimenting with a new bulbous design to improve the efficiency of its recently acquired fleet of P-Type heavy-lift vessels. The “nose job” is intended to optimize fuel consumption...Read more
Drewry launches time charter index, rates keep rising
ShippingDrewry has launched the Multipurpose Time Charter Index, which tracks one-year period charter rates across a basket of vessel types and sizes and forecasts the market movement over the coming month. The vessel types include...Read more
Coronavirus likely to spur decommissioning frenzy
DecommissioningWith few profitable investment opportunities left as a result of the coronavirus, oil companies will likely increase their spending on decommissioning contracts. Global projects through 2024 could reach a value of 42 billion dollars, say...Read more