ABB has won an order from Samsung Heavy Industries Co. Ltd. (SHI) to equip 15 liquified natural gas (LNG) carriers with the permanent magnet shaft generator technology The 174.000-cbm capacity ships are due delivery between mid-2026 and August 2028 to multiple leading...

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Major buyers of liquefied natural gas (LNG) flagged risks of purchasing cargoes from the United States following the decision by President Joe Biden’s administration to pause export permits of the superchilled fuel to non-Free Trade Agreement countries Officials...

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The UK has today (11 September) sanctioned to vessels operating as part of Putin’s ‘shadow fleet, in the latest crack down on critical revenue sources funding Putin’s war machine Today’s action will directly target vessels in Putin’s...

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Spot premium for 360-cst high sulphur fuel oil (HSFO) was at more than a year’s high as of Wednesday, while Kuwait Petroleum Corporation offered HSFO for loading in October trade sources said. The premium was pegged above $17 a metric ton to Singapore quotes,...

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As APPEC kicks off there have been various reports and thought pieces expressing a doubtful tomorrow for the world’s oil markets as crude prices continue to falter A similar picture is reflected on crude tanker freight rates, which continue to drop throughout...

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The Baltic Exchange’s main sea freight index racking rates for ships carrying dry bulk commodities rose on Wednesday, supported by gains in larger vessels. The overall index, which factors in rates for capesize. panamax and supramax shipping vessels, added 22...

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