News Flash | Sea and Job

Dry Bulk Newbuild Contracting Fell 34.2%, Despite a Strong Market

During the first half of 2024, newbuild contracting in the dry bulk sector fell 34.2% y/y despite favourable market conditions. A 6.5% y/y increase in prices could deter contracting, yet in the second-hand market, where prices rose 15.2% y/y, the number of sales still...

Black Sea Suezmax Freight Tumbles Amid Weak August Demand

Freight rates for Suezmax voyages loading in the Caspian Pipeline Consortium and discharging in the Mediterranean dropped substantially on the day to July 17, with sources pointing to lower projected cargo inquiry levels for August, a build-up of tonnage in the region...

Port Of Long Beach Container Volume Up 15.3% To 835,412 Teus In June 2024

According to the company’s release, the Port of Long Beach achieved its most active June and busiest quarter on record, boosted by increased consumer demand as retailers stock shelves for back-to-school shopping. Dockworkers and terminal operators moved 835,412...

Salvage Team To Start Pumping Fuel From Grounded Vessel On South African Coast

Authorities said on Wednesday, according to Reuters, that a salvage team hopes to take advantage of a respite in the stormy weather that has lashed Cape Town’s coast to start pumping 500 tons of fuel off a ship that ran aground last week on South Africa’s...

LNG Carrier Completes Arctic Voyage To China In 18 Days

Liquefied Natural Gas (LNG) carrier Eduard Toll completed an early-season eastbound voyage along Russia’s Northern Sea Route arriving in Xiuyu, China around 3 weeks after departing with cargo from the Yamal LNG project. It passed through the Arctic section of its...

Yangzijiang To Invest $412 Million In Shipyard Expansion

According to Seatrade Maritime, Yangzijiang Shipbuilding plans to expand its facilities, focusing on LNG and clean energy vessels. The Singapore-listed Chinese shipbuilder plans to acquire 866,671 sq meters of land in Xinqiao Park of the Jingjiang Economic and...

Dry Bulk Newbuild Contracting Fell 34.2%, Despite a Strong Market

Black Sea Suezmax Freight Tumbles Amid Weak August Demand

Port Of Long Beach Container Volume Up 15.3% To 835,412 Teus In June 2024

Salvage Team To Start Pumping Fuel From Grounded Vessel On South African Coast

LNG Carrier Completes Arctic Voyage To China In 18 Days

Yangzijiang To Invest $412 Million In Shipyard Expansion

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