News Flash | Sea and Job

Baltic Dry Index Hits Near 3-Month Peak

The Baltic Exchange’s dry bulk sea freight index rose 2.1% to 3,107 on Thursday, marking a sixth consecutive session of gains and reaching its highest level since June 3. The index tracks rates for capesize, panamax and supramax vessels. The capesize index, which...

Hormuz transits still limited even as Iran, Oman near deal; carriers eye return to Suez route

Vessel traffic through the Strait of Hormuz remined limited on Wednesday even as Iran and Oman were heard to be close to an agreement to manage traffic through the vital waterway, while some container shipping majors are nearing a full return to the shorter...

Höegh Autoliners orders six additional Aurora class vessels

Höegh Autoliners ASA is pleased to announce that it has decided to order additional six new dual-fuel LNG and zero-carbon-ready Aurora class vessels for delivery in 2029–2031. This decision will extend Höegh Autoliners’ Aurora class newbuilding program to a total of...

Grain exports stall as Ukraine steps up attacks on Russia

When Russian President Vladimir Putin spoke in 2014 about Russia’s motives for annexing the Ukrainian peninsula of Crimea, and thus violating international law, he justified it by saying: “We could not allow NATO forces to eventually come to the land of Crimea and...

Saudi Aramco offers more oil outside Strait of Hormuz – report

Saudi Aramco has increased oil offerings for September loading outside the Strait of Hormuz, according to a Reuters report early Wednesday citing people familiar with the matter. The move follows the sale of at least 4 million barrels to China this month. The state...

Japan’s push to stage shipbuilding comeback may have Korea checking its stern

Korean shipbuilders may sofon face a second competitor in the LNG carrier market they lead. A major Japanese shipbuilder is considering a large new dock capable of building liquefied natural gas (LNG) carriers as Tokyo pushes to revive an industry Japan dominated...

Baltic Dry Index Hits Near 3-Month Peak

Hormuz transits still limited even as Iran, Oman near deal; carriers eye return to Suez route

Höegh Autoliners orders six additional Aurora class vessels

Grain exports stall as Ukraine steps up attacks on Russia

Saudi Aramco offers more oil outside Strait of Hormuz – report

Japan’s push to stage shipbuilding comeback may have Korea checking its stern

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