Despite a frantic start to 2025 that saw a marked return of recycling tonnage at the bidding tables, sale and purchase activity across the global ship recycling spectrum eased further this week
Owner Sentenced to Prison After Vessel Capsize
The owner of the vessel Stimulus Money, Richard Cruz, was sentenced to 18 months in prison on Thursday after pleading guilty for his role in the July 2022 capsizing of the vessel
AWO Urges Newsom to Act on CARB Rule Amendments
The American Waterways Operators (AWO) recently sent a letter to Gov. Gavin Newsom in California, urging him to withdraw the 2022 amendments to the California Air Resources Board (CARB) Commercial Harbor Craft
Trump's Tariffs a Boost for European and Asian Refiners
U.S. President Donald Trump's trade tariffs on Canadian and Mexican oil imports will offer European and Asian refineries a competitive advantage against their U.S. rivals, analysts and market participants told Reuters.Trump on
Summing Up the U.S., the Panama Canal and China
Some U.S. lawmakers and officials are touting a nearly half-century-old treaty between the United States and Panama to justify the Trump administration's threat to reclaim the Panama Canal - provided it can
$2.9B Maritime Development Fund Created by India
India is set to establish a 250-billion-rupee ($2.9 billion) maritime development fund to provide long-term financing for the country's shipbuilding and repair sector, Finance Minister Nirmala Sitharaman announced on Saturday.The initiative…
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