News Flash | Sea and Job

New S&P Global Report: Liner Shipping Supports $1.1 Trillion in U.S. GDP and 6.4 Million American Jobs

New analysis from S&P Global, released Monday by the World Shipping Council, highlights the critical role of the liner shipping industry in the U.S. economy. The report independently quantifies the annual impact of the liner shipping industry – across key metrics...

Greek shippers return to Russian oil market as prices slip below G7 cap, sources say

Greek shipowners are returning to Russia’s Urals oil market as the price slides below the Western price cap of $60 per barrel, allowing them to provide transport and insurance services while complying with sanctions, three trading sources said. The price cap...

New bunker regulations in the Mediterranean Sea disrupt traditional VLSFO usage

From May, the Mediterranean Sea is becoming the fifth Emission Control Area (ECA) globally, following the Baltic, North Sea, North America and the US Caribbean Sea. New requirements for bunker usage in the area will disrupt fuel oil demand in the region as the new...

Baltic index rises to three-week high as larger vessel rates firm

The Baltic Exchange’s dry bulk sea freight index rose to scale an over-three-week high on Monday due to an increase in larger vessel rates. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, added 30 points, to 1,403 points. The...

India’s Prime Minister calls on steel industry to seek alternatives to imported coking coal

Indian Prime Minister Narendra Modi urged the domestic steel industry to find alternatives for the key steel making raw material coking coal and reduce its import dependency in a virtual address during India Steel 2025 conference on April 24. Modi said raw material...

Asian spot LNG prices hold at 1-year low as demand remains tepid

Prices of Asian spot liquefied natural gas (LNG) inched up this week amid production outages in Asia and Europe, but were still hovering at nearly one-year lows on overall tepid demand. The average LNG price for June delivery into north-east Asia (LNG-AS) was at...

New S&P Global Report: Liner Shipping Supports $1.1 Trillion in U.S. GDP and 6.4 Million American Jobs

Greek shippers return to Russian oil market as prices slip below G7 cap, sources say

New bunker regulations in the Mediterranean Sea disrupt traditional VLSFO usage

Baltic index rises to three-week high as larger vessel rates firm

India’s Prime Minister calls on steel industry to seek alternatives to imported coking coal

Asian spot LNG prices hold at 1-year low as demand remains tepid

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