News Flash | Sea and Job

CK Hutchison falls on report China rebukes co’s ports deal

Shares of CK Hutchison 1 fall as much as 6.7% to HK$46.10, their lowest since March 5, as China rebukes Hong Kong conglomerate’s ports deal with BlackRock. CK Hutchison stock last down 4.9%, set for biggest one-day pct drop since May 2023. Top pct loser on Hang Seng...

Tanker Market on the Rise During February

The tanker market rose during the month of February, OPEC said in its latest monthly report. Dirty spot freight rates showed gains across almost all monitored routes in February. VLCC rates in particular rose as a fresh round of sanctions resulted in efforts to bring...

Kongsberg Maritime wins design and equipment contract for Olympic Group’s two subsea construction vessels

Kongsberg Maritime has signed a significant contract for the design of two multipurpose subsea vessels. The UT7623 SEV (Sustainable Energy Vessel) vessels will be methanol-ready and feature battery hybrid technology. These vessels are the first references for...

PetroChina International signs long-term LPG deal with Phillips 66

PetroChina International, a subsidiary of state-owned energy company PetroChina, signed a long-term LPG procurement agreement with US-based Phillips 66, PCI announced on its official WeChat account March 14. The deal, finalized by PCI’s Americas branch and Phillips 66...

Approval in Principle (AiP) for the Basic Design of a Large Ammonia-Fueled Ammonia Carrier Obtained from Classification Society

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has jointly developed a large ammonia carrier that uses ammonia as fuel, in collaboration with Mitsui O.S.K. Lines, Ltd. (MOL) and Namura Shipbuilding Co., Ltd. Approval in Principle...

‘Wild Card’ Carbon Levy Uncertainty Leaves Shipowners Cautious and Concerned Says ABS Chairman and CEO

Uncertainty about the scale and nature of the IMO’s proposed carbon levy is holding back investment in shipping. That was the message from Christopher J. Wiernicki, ABS Chairman and CEO, during an appearance at the CERAWeek energy conference. “A carbon levy is a wild...

CK Hutchison falls on report China rebukes co’s ports deal

Tanker Market on the Rise During February

Kongsberg Maritime wins design and equipment contract for Olympic Group’s two subsea construction vessels

PetroChina International signs long-term LPG deal with Phillips 66

Approval in Principle (AiP) for the Basic Design of a Large Ammonia-Fueled Ammonia Carrier Obtained from Classification Society

‘Wild Card’ Carbon Levy Uncertainty Leaves Shipowners Cautious and Concerned Says ABS Chairman and CEO

Recent News