News Flash | Sea and Job

Ocean Network Express strengthens global capacity as latest newbuilding, ONE Singapore, joins fleet

Ocean Network Express (“ONE”) announced today the naming of ONE Singapore, the sixth vessel in a series of 20 ammonia/methanol ready container vessels. The naming ceremony took place at the Hiroshima Shipyard of Imabari Shipbuilding Co. Ltd. in Japan, marking another...

EU readies ban on Russian gas imports by end of 2027

The European Commission is set to propose on Tuesday a ban on EU imports of Russian gas and liquefied natural gas by the end of 2027, using legal measures to ensure the plan cannot be blocked by EU members Hungary and Slovakia. The proposals will set out how the...

Three scenarios for the Israel-Iran crisis and the impact on the global economy

The global petrochemical industry, as a first flagged up in early 2022 and discussed again last week, is in a deep and long-term structural downturn (the result of getting Chinese demand and capacity additions wrong) which has a few more years to run. Despite all the...

China builds a crude oil war chest amid Middle East tensions

China is continuing to build up crude oil stockpiles as it refines substantially less than what it has available from imports and domestic production. This allows the world’s biggest oil importer to buy lower volumes in coming months as prices surge over Middle East...

KR and HD Hyundai Samho Join Forces to Bring AI into Ship Design

KR (Korean Register) signed a memorandum of understanding (MOU) with HD Hyundai Samho on June 11 to jointly develop AI-based solutions for innovation in ship design and analysis. This partnership is a part of a broader digital transformation strategy aimed at...

Threatened closure of the Straits of Hormuz

The UK Maritime Trade Operations (UKMTO) warned of rising tensions in the Gulf Region and urged vessels transiting the Arabian Gulf, Gulf of Oman and Straits of Hormuz to transit with caution. Following the latest outbreak of hostilities between Israel and Iran that...

Ocean Network Express strengthens global capacity as latest newbuilding, ONE Singapore, joins fleet

EU readies ban on Russian gas imports by end of 2027

Three scenarios for the Israel-Iran crisis and the impact on the global economy

China builds a crude oil war chest amid Middle East tensions

KR and HD Hyundai Samho Join Forces to Bring AI into Ship Design

Threatened closure of the Straits of Hormuz

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