Tugs

Fortune has taken a decidedly downward trajectory for Indonesia-focused dry bulk ocean carrier Seroja, which saw a dramatic decrease in profitability in the third quarter of 2019. But that won’t worry the company – it has just agreed to sell its entire business for $32 million.

News of a Japanese electric-powered oil tanker set green-hearts fluttering around the world. Electric marine craft will likely be a big thing in coastal markets but not in the long-haul trades.