The $25 million for a single voyage is perhaps the most telling sign of how quickly the landscape has changed in the large tanker market. The Angelikoussi Group is among the first to capitalize on the new situation, securing a particularly strong fixture for the group’s VLCCs bound for the United States. The freight rate reflects a market in which available vessels are becoming scarcer, distanc...

METLEN has successfully carried out the “First Fire on Waste” at the Protos Energy Recovery Unit, which it is developing for Encyclis in Cheshire, NW England. The First Fire on Waste is a significant milestone, as it confirms that the state-of-the-art unit has now entered the final stages of hot commissioning. Metlen: Historic milestone with the first waste incineration at the Protos ERF u...

Live camera footage from Elafonisi, the world‑famous beach in Crete’s Chania region, is showing thousands of tourists crammed onto its pink sands and turquoise waters, raising fresh concerns about overtourism in a protected Natura 2000 site. Images from Wednesday morning show hundreds of umbrellas packed tightly together, stretching even onto rocks in the sea, with bathers shoulder to shoul...