Karpowership upping Mexico’s energy ante with LNG-to-power project

Karpowership, Türkiye’s floating power solutions provider and owner and operator of powerships, is setting the stage to elevate the energy infrastructure game in Mexico’s Yucatán Peninsula with a project that will include a powership and a liquefied natural gas (LNG) terminal vessel (LNGTS). The post Karpowership upping Mexico’s energy ante with LNG-to-power project appeared first …

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Dry bulk market update: How Cape & Panamax freight markets are repricing under the new coal trade map

Freight firmness Cape Atlantic & Pacific and Panamax Pacific all printing higher rates. Supply is being absorbed. 02 Coal demand reshaped Strait of Hormuz disruption pushed thermal coal demand toward seaborne Asia. Panamax Pacific the immediate beneficiary. 03 Russia → Asia coal corridor April 2026 record high. Russian coal (97.8% of origins) flowing to N.China, …

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Genco Shipping & Trading Limited Sends Letter to Shareholders from Chairman and CEO John Wobensmith

Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today sent a letter to Genco shareholders from John Wobensmith, the Company’s Chairman and Chief Executive Officer. Highlights from the letter include: Since 2021, Genco’s Board and management team have been implementing Genco’s Comprehensive Value Strategy, resulting …

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