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Batten the Hatches!

02/22/2016

By Wendy Laursen 2016-02-16 15:07:11 Maritime Executive Magazine Workboat companies hunker down as demand for their services falls. It’s no surprise that everyone’s expecting a long, hard winter. In the words of brokers Fearnley Offshore Supply, it’s likely to be “the most depressing winter season in years.” Both the platform supply vessel (PSV) and anchor-handling tug supply (AHTS) markets have been severely hit during the last... Read More ⇒


Navigating the Future

02/22/2016

By Dione Lee 2016-02-16 15:32:50 Challenges await the tug-and-barge industry as it prepares for Subchapter M, increased use of LNG as a fuel, and cybersecurity threats. Will it be ready? The tug-and-barge sector of the maritime industry is a vital component of the U.S. economy, moving more than 880 million tons of cargo each year. According to American Waterways Operators (AWO), the industry’s largest trade group,... Read More ⇒


IEA: OPEC DEAL UNLIKELY, OIL GLUT TO CONTINUE

02/10/2016

By Reuters 2016-02-09 11:30:16 The world will store unwanted oil for most of 2016 as declines in U.S. output take time and OPEC is unlikely to cut a deal with other producers to reduce ballooning output, the International Energy Agency said. The agency, which coordinates energy policies of industrialised countries, said that while it did not believe oil prices could follow some of the most extreme... Read More ⇒


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