News Flash | Sea and Job

Five Weeks Into the Ceasefire, Hormuz Is Operating Under Control

Operational Overview Five weeks into the ceasefire, the Strait of Hormuz remains constrained, opaque, and increasingly managed through selective access. The clearest signal is the state of Iranian export infrastructure. Kharg Island showed no active tanker loading for...

Hormuz closure drives record tanker rates, boosts Teekay earnings

The effective closure of the Strait of Hormuz and the loosening of Venezuelan crude flows propelled midsize tanker rates to among the highest levels on record, Teekay Tankers executives told investors May 14, crediting the geopolitical environment for a surge in...

VLCC Market Treading Carefully Amid Uncertainties

Clean LR2 The TC1 75kt MEG/Japan index continued along just under the WS550 mark this week. A voyage west also saw the TC20 90kt MEG/UK-Continent index dipped by $112,000 to $10.76 million. The TC15 80kt Mediterranean/East index came down another 11% to $8.73 million...

Global LPG flows on the road to recovery

Global seaborne LPG exports have recovered back toward the five-year average in May after a sharp disruption due the Middle East Gulf conflict and the strait of Hormuz closure, with flows rebounding to around 4.8mbd on a 28-day moving average basis. Though this...

Chinese-built world’s largest methanol dual-fuel container ship begins sea trials

A Chinese-built methanol dual-fuel container ship that can carry 24,000 standard containers, the world’s first of its kind, departed from Nantong, East China’s Jiangsu Province for sea trials on Thursday, the Xinhua News Agency reported. The ship was built by Nantong...

Shanghai ports set 58m TEUs goal during 15th Five-Year Plan

Shanghai’s evolution into an international shipping center has entered a critical transition from scale expansion to capacity enhancement as the city prepares for the 15th Five-Year Plan (2026-2030) period, experts said. Having held the title of the world’s largest...

Five Weeks Into the Ceasefire, Hormuz Is Operating Under Control

Hormuz closure drives record tanker rates, boosts Teekay earnings

VLCC Market Treading Carefully Amid Uncertainties

Global LPG flows on the road to recovery

Chinese-built world’s largest methanol dual-fuel container ship begins sea trials

Shanghai ports set 58m TEUs goal during 15th Five-Year Plan

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