Ocean Yield AS is pleased to announce that it has agreed to purchase four LR1 product tankers, to be constructed at Guangzhou Shipyard International (GSI) in China. The vessels will be built with a design enabling them to be converted to dual-fuel operation with...

Read More

South Korean major shipbuilder Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering, has won its first LNG tanker contract worth 332.2 billion won ($259.9 million) after the company went through a rebranding in April 2023. In April 2023, South...

Read More

Russia’s defence ministry said on Tuesday it had thwarted attacks by Ukrainiansea drones onits navy and civilian ships in the Black Sea. Russia was facing attacks on several fronts, with a drone strike hitting a high-rise building in Moscow’s business district that...

Read More

Asia’s cash differential for high sulphur fuel oil (HSFO) jumped sharply on Tuesday as strong bids emerged, though headwinds loomed as supply loadings did not appear to have tightened much for August. The 380-cst HSFO cash differential FO380-SIN-DIF was pegged at a...

Read More

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a fifth straight session on Tuesday, boosted by higher demand for larger vessels. The overall index, which factors in rates for capesize, panamax and...

Read More