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A small lagoon near Makrygialos beach in Igoumenitsa has turned a striking pink-fuchsia color, prompting questions from local residents and officials, according to local outlet Thespro.

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, distances are increasing and charterers are being asked to pay significantly more to secure capacity.

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.