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| First Ship Lease Trust narrows Q4 loss to US$33.87m SHIPPING trust First Ship Lease Trust narrowed its fourth-quarter loss to US$33.87 million, down 19.9 per cent, despite lower revenue posted for the period. Revenue for the three months ended Dec 31 was S$19.90 million, 14.2 per cent lower compared to a year ago as contributions from vessel ...
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Giant Oil Ships From the US to Cut Time, Money and Traders The ability to export via the big ships may prove a blow to traders and their role as middlemen at a time of increasing efficiency and improved market transparency. Until now, Asian refiners have mostly purchased U.S. oil that's sold to them on a delivered basis by traders, who would source the cargoes, ...
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| Platform Supply Vessels to Get Added Battery Power Four platform supply vessels (PSV) active in the Gulf of Mexico are to be retrofitted with lithium ion-based batteries. The addition will allow the ships to tap into the electrical power supply on some operators such as dynamic position leaving the vessel's diesel-powered engines to operate more efficiently, ...
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| Editorial: Latest USS Savannah to carry on tradition The Navy currently operates 11 Littoral Combat Ships, six of them of the Independence variant like the USS Savannah. ... The USS Savannah has another local link beyond the name — the ship's designer and builder, Austal USA, partners with General Dynamics Mission Systems on the Littoral Combat ...
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| This Morning's Technical Outlook on Shipping Stocks -- Ship Finance, Overseas Shipholding ... Today we are offering reports on SFL, OSG, TNK, and TNP which can be accessed for free by signing up to www.wallstequities.com/registration. According to an article on CityAM.com, Standard & Poor's (S&P) Global Ratings said that demand for the three main segments of global shipping - dry bulk, ...
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