News Flash | Sea and Job

Trump’s call for free U.S. passage through Suez Canal sparks outcry in Egypt

U.S. President Donald Trump’s recent call for free passage of American ships through the Suez Canal has triggered widespread condemnation in Egypt, where legal experts, political leaders, and citizens have denounced his remarks as legally groundless and a serious...

Russian ESPO crude freight rates plunge amid tanker surplus

Freight rates for ESPO Blend crude oil being transported from the Russian port of Kozmino to destinations in China experienced a further decline in April, reaching their lowest point since mid-January. This downward trend in shipping costs, according to three traders...

South Korean refiners see slim chance of Iranian crude trade resumption under Trump

South Korean refiners and petrochemical producers have nearly ruled out the resumption of Iranian crude trade this year, though industry participants believe that Seoul’s new leadership after the June election could enhance overall flexibility in feedstock procurement...

US LNG exports surge to new highs on strong buying by Europe

U.S. exports of LNG so far this year have surged by over 20% from the same period a year ago, driven mainly by purchases by European nations, which accounted for over three quarters of total U.S. orders. Total U.S. liquefied natural gas (LNG) shipments during January...

LNG traders divert four US cargoes from Europe to Asia

Four cargoes of liquefied natural gas headed for Europe changed course to Asia in the last two weeks, after European prices fell below the Asian benchmark and opened up an arbitrage for deliveries eastward, according to analysts and shipping data. More cargoes...

Are electric motors the future of shipping?

The two-minute trip across the Rhine on the Mondorf ferry used to be accompanied by clouds of sooty smoke and the constant cough of a combustion motor. But since February, the ferry’s chugging diesel engine has been replaced with one run entirely on electricity. To...

Trump’s call for free U.S. passage through Suez Canal sparks outcry in Egypt

Russian ESPO crude freight rates plunge amid tanker surplus

South Korean refiners see slim chance of Iranian crude trade resumption under Trump

US LNG exports surge to new highs on strong buying by Europe

LNG traders divert four US cargoes from Europe to Asia

Are electric motors the future of shipping?

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