Newbuild MarketUnsurprisingly, across the offshore sectors, newbuild orders have been scarce to none. Oversupply is still a major problem for the industry and due to slippage, ordering vessels now would be counterproductive. Why order brand new vessels from a yard and wait several years for these to be delivered
Bristol Harbor Group, Inc. (BHGI) was recently awarded an Indefinite Delivery Contract (IDC) for naval architecture and marine engineering services for the U.S. Army Corps of Engineers (USACE), Philadelphia District, Marine Design Center. This contract continues BHGI’s partnership with the Marine Design Center (MDC).
An oil tanker, which shipping data showed was managed by a Chinese company under U.S. sanctions, refused to allow an inspection by maritime authorities while anchored in Malaysian waters, Malaysia's maritime agency said.Silvana III's commercial manager is Kunlun Shipping Co Ltd, according to shipping transparency website Equasis.org.Kunlun is one of several firms placed under U.S.