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LNG freight rates hit multiyear lows amid weak demand, ample supply

LNG freight rates have plummeted to multiyear lows in the week ended Oct. 18, approaching operational expense thresholds and prompting a bleak outlook among market participants. The absence of arbitrage opportunities and contango has left rates unsupported, while...

Russia to use ship-to-ship LNG loadings to free up ice-class tankers

Russia plans to arrange ship-to-ship transfers of liquefied natural gas and gas condensate in the Barents and Bering Seas to free up more ice-class tankers for its biggest LNG producer, Novatek, a draft project document showed on Tuesday. Novatek has been pressing...

Amasus signs second contract with bound4blue for world’s largest suction sail system on a general cargo vessel

Amasus, one of Europe’s leading players in the shortsea, bulk, general cargo, offshore and heavy lift segments, has signed a fresh eSAIL® (suction sail) contract with Spain’s bound4blue. Under the new agreement, a 22-meter unit will be retrofitted on a 90-meter, 3,000...

Baltic index falls as rates decline across all vessels

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped on Tuesday pressured by losses across all vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels, shed...

Ammonia-Powered Engine to be Developed for Medium-Speed Marine Applications

MAN Energy Solutions launches ‘AmmoniaMot 2’ research project with industry partners and research institutes Having designed and tested the first two-stroke ammonia engine, MAN Energy Solutions has now announced launching the ‘AmmoniaMot 2’ research project. Initiated...

Mongolian coal haul to China surges in mid-Oct; coal stocks rise

The daily coal haul by Mongolian trucks to China rebounded in mid-October after heavy rain disrupted logistics in early September, leading to higher availability of metallurgical coal supplies in China, sources said Oct. 21. In the week to Oct. 18, the number of...

LNG freight rates hit multiyear lows amid weak demand, ample supply

Russia to use ship-to-ship LNG loadings to free up ice-class tankers

Amasus signs second contract with bound4blue for world’s largest suction sail system on a general cargo vessel

Baltic index falls as rates decline across all vessels

Ammonia-Powered Engine to be Developed for Medium-Speed Marine Applications

Mongolian coal haul to China surges in mid-Oct; coal stocks rise

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