McDermott taps Navantia’s yard in Scotland for subsea work on Trinidad project
Spanish state-owned shipbuilder Navantia has won a contract for the manufacture of subsea structures from Houston-based subsea and deepwater engineering and construction player McDermott. The contract was won by Navantia’s UK subsidiary which controls the Arnish fabrication yard in Stornoway harbour. The year-long contract will see the Arnish team deliver critical subsea components for a […]
New Port Commissioner at Port Houston
Earlier in February, the Houston City Council appointed Roland Garcia to the Port Commission of the Port of Houston Authority. Garcia is a founding shareholder of Greenberg Traurig, LLP’s Houston office. With extensive expertise in maritime affairs and a deep understanding of the Port Authority and the Houston Ship Channel, he brings valuable experience to […]
Yasa extends partnership with Weathernews
One of Türkiye’s leading ship owners, Yasa, has signed a new three-year agreement with global weather intelligence provider Weathernews to continue using its comprehensive performance monitoring platform. For the past two years, Yasa has subscribed to Weathernews’ industry-leading SeaNavigator platform and will maintain its premium package, which offers route optimization, precise vessel performance monitoring, and […]
Brokers talk up the pros and cons of platforms
One of this month’s big talking points in tramp shipping has been the creation of a rival to the Clarksons-backed SEA platform, bringing into question the future of fixing. Five of the world’s leading shipbroking firms—Arrow, Gibson Shipbrokers, Howe Robinson, IFCHOR Galbraiths and SSY—have united to introduce Ocean Recap – a purpose-built recap and charter […]
How do you see life at sea 10 years from now?
Is life at sea set to become easier, safer, and cheaper to manage? That’s sort of the angle posed by 14 questions set by our team alongside our friends at Inmarsat in a new survey seeking reader input on how ship operations will change in the coming decade with results due to be published in […]
February 2025 Review
Shipping is reeling from what could be the most seismic decision to effect the industry yet in the opening weeks of Donald Trump’s second term in office. The American president will make a decision, likely in around a month’s time, on whether to carry out suggestions made by the office of the US Trade Representative […]
Tanker tin foil hats on
If you have spent the last 40 days or so under your desk wearing a tin foil hat to keep out the geopolitical noise, then you have my sympathy. As the new US administration thrashes about breaking stuff, traders and investors have displayed a curious calm, or perhaps an unwillingness to take a position until […]
Dry bulk hard hats on
As Tropical Cyclone Zeila subsided, Australia’s Port Hedland and Dampier iron ore ports ramped up throughput, while at the same time iron ore futures in China fell over 2% to below RMB800 ($110) per tonne. These positives are still outweighed by the negative of weak steel demand in China. But for capesize bulker owners, there […]
Containers: Mad as a Hatter?
Deglobalisation is now a fact. The World Trade Organization is a defunct institution. The US threatens global tariffs and follows a policy of replacing income tax with import tax, believing that suppliers to the US will pay it, not US importers. Other countries and groups will respond. Global supply chains are fracturing and splintering into […]
Analyst Abstract
Tankers We’ve been here before repeatedly in the 2020s, even Splash Extra has been sucked in by the great VLCC bull run predicted time and again. Could this time be different? Analysts are back in supertanker super bullish mode. “The VLCC outlook does appear to be the best of the tanker asset classes,” stated Evercore […]