Recent News
Costamare Expands Fleet as Market Improves
26.01.2018Greece-based containership owner Costamare has expanded its fleet with two ships as the container shipping industry experienced a slight recovery.
learn more →Biodegradable lubricants under scrutiny after reported failures
26.01.2018Thordon Bearings welcomed an industry initiative to evaluate the effect of biodegradable lubricants on sterntube bearings, after a reported increase in sealed oil lubricated propeller shaft bearing failures.
learn more →Suez Canal extends bulker toll discounts for 2018
19.01.2018The Suez Canal Authority (SCA) is extending toll discounts for dry bulk vessels until the end of 2018.
learn more →BP to take $1.7 billion post-tax charge over Deepwater Horizon
19.01.2018London-based oil major BP announced it expects to take a new post-tax charge of around $1.7 billion in its fourth quarter 2017 results, over 2010 Deepwater Horizon spill claims, which will lift total costs to around $65 billion
learn more →Italian ports to strengthen China’s One Belt One Road initiative
19.01.2018The Belt and Road Initiative was initially proposed by Chinese President Xi Jinping in 2013, in order to build trade and infrastructure networks, which will connect Asia with Europe and Africa
learn more →LPG, LNG tankers take advantage of expanded Panama Canal
12.01.2018With 2017 marking the first full year since the $5 billion expansion of the Panama Canal, shipments of liquefied petroleum gas and liquefied natural gas combined marked one of the largest uses of the recently enhanced waterway
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