News Flash | Sea and Job

ABB and HDF Energy to develop high-power fuel cell unit for large seagoing ships

ABB and HDF Energy have signed a joint-development agreement (JDA) to develop a high-power fuel cell unit for marine applications. Enabling megawatt-scale hydrogen fuel cells, the project anticipates installations on board several vessel types, even large seagoing...

Prompt HSFO extends rebound but forward market bearish

Asia’s prompt market for high sulphur fuel oil (HSFO) continued to recover into narrower discounts, though the forward market was stuck steadily in contango into the first-half of next year, a sign that spot bearishness could persist. Singapore’s 380-cst HSFO spot...

Can Venezuela survive US targeting its oil tankers?

Venezuela has been sidestepping a US oil export embargo for years, selling crude at a discounted price mainly to China. But even this limited income stream is now under threat after the United States seized a Cuba-bound tanker. In one fell swoop, Venezuela lost 1.9...

Baltic index edges lower on weaker panamax rates

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, edged down on Monday, pressured by weaker panamax vessel rates. The main index, which factors in rates for capesize, panamax and supramax shipping...

KCC Capital Markets Day – Fleet expansion and optimization supporting continued profitable growth and value creation

Klaveness Combination Carriers ASA (“KCC”) hosts its Capital Markets Day at the company’s headquarters in Oslo. At the event, KCC presents its strategy for 2026–2030; onboarding new vessels, targeting profitable growth, continued strong shareholder returns, and...

Iran detains 18 crew members of foreign tanker seized in Gulf of Oman

Iranian authorities detained 18 crew members of a foreign tanker seized in the Gulf of Oman on Friday that they said was carrying 6 million litres of smuggled fuel, Iranian media reported on Saturday, citing the Hormozgan province judiciary. It said those detained...

ABB and HDF Energy to develop high-power fuel cell unit for large seagoing ships

Prompt HSFO extends rebound but forward market bearish

Can Venezuela survive US targeting its oil tankers?

Baltic index edges lower on weaker panamax rates

KCC Capital Markets Day – Fleet expansion and optimization supporting continued profitable growth and value creation

Iran detains 18 crew members of foreign tanker seized in Gulf of Oman

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