News Flash | Sea and Job

KCC Second Quarter 2026 – Solid Q2 financials driven by strong markets and operations amidst geopolitical turmoil

Klaveness Combination Carriers ASA (“KCC”) reported EBITDA of USD 38.5 million and Profit after tax of USD 20.8 million for the second quarter of 2026, representing a strong improvement from the first quarter. Fleet average TCE earnings [1] increased by $4,350/day to...

Asian LNG Prices Surge to Over 3-1/2-Year High

Japan-Korea liquefied natural gas prices climbed above $23/MMBtu, reaching their highest level since January 2023, as extreme temperatures lifted power demand while disruptions in the Middle East tightened fuel supplies. Japan’s Meteorological Agency warned of...

Japan to proceed with oil shipping aid, restore national crude reserves to 90 days of net imports

A high-level policy meeting at Japan’s Ministry of Economy, Trade and Industry approved a set of steps on Aug. 24, including a framework to help reduce transportation costs for crude oil and naphtha shipments that do not transit chokepoints such as the Strait of...

Venezuelan revival and sweet crude expansion reshape LatAm flows

The Latin American crude supply landscape is undergoing a structural expansion, driven by Venezuela’s post-sanctions reactivation, Guyana’s steady offshore production ramp-up, and big bets on Argentina’s shale play. The continent is set to add significant volume to...

Turning policy into steel. Turning vision into ships

The United States is moving to make nuclear propulsion part of its commercial maritime revival. The U.S. Department of Transportation’s Maritime Administration (MARAD) and CORE POWER (US) Inc. (CORE POWER) today announced a first-of-a-kind federal-private cooperation...

IMO calls for urgent action as piracy resumes in the Gulf of Aden

IMO Secretary-General Mr. Arsenio Dominguez issued the following statement following reports of the SEAMULL being hijacked on 20 August 2026: “Shipping challenges are on the rise with the recent increase of piracy incidents in the Gulf of Aden. With the most recent...

KCC Second Quarter 2026 – Solid Q2 financials driven by strong markets and operations amidst geopolitical turmoil

Asian LNG Prices Surge to Over 3-1/2-Year High

Japan to proceed with oil shipping aid, restore national crude reserves to 90 days of net imports

Venezuelan revival and sweet crude expansion reshape LatAm flows

Turning policy into steel. Turning vision into ships

IMO calls for urgent action as piracy resumes in the Gulf of Aden

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