Product tanker recycling drops 82% year-on-year to lowest on record
LONDON : “In 2023, only seven product tankers with combined deadweight tonnes (DWT) capacity of 265,000 were recycled. This was a year-on-year drop of 82% compared to 1.5
Tankers demand to take a hit as India grapples with massive COVID-19 wave
SINGAPORE : The ongoing massive wave of the Coronavirus in India is likely to reduce demand for ships amid a slowdown in the South Asian nation’s crude imports,
Bulker and Tanker Damaged in Manila Bay Collision
MANILA BAY : A tanker and a bulk carrier collided in Manila Bay, Philippines on Wednesday causing significant damage to both vessels. The accident occurred at approximately 9:14
Seven Islands Shipping eyes gas carrier and boxship entries
Fast-growing Seven Islands Shipping (SISL) is looking to diversify from its tanker origins into gas carriers and boxships. The Indian line, controlled by Prem Watsa, has 20 crude