News Flash | Sea and Job

Baltic index gains as rates rise across all vessel segments

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose on Friday, supported by higher rates across all vessel segments. The index, which factors in rates for capesize, panamax and supramax...

Sale of LNGC Golar Arctic Marks Golar’s Exit From LNG Shipping Segment

Golar LNG Limited (“Golar”) announces today that it has executed agreements to sell the 2003 built steam turbine LNG carrier, Golar Arctic. The sale price for the vessel is USD 24 million before transaction related expenses. The LNG carrier is unencumbered. The...

HD Korea Shipbuilding Unveils Nuclear-powered Container Ship Design at Houston Summit

HD Korea Shipbuilding & Offshore Engineering has unveiled a design model for a 15,000 TEU nuclear-powered container ship at the Houston Maritime Nuclear Summit held in Houston, USA, on Feb. 12 (local time). This innovative vessel, utilizing small modular reactor...

India says Russian oil suppliers must provide sanctions-compliant cargoes

India, the No. 2 importer of crude from Russia, wants to buy Russian oil only if it is supplied by companies and ships that have not been sanctioned by the United States, the country’s oil secretary said. Widened sanctions on Moscow by western countries including the...

Ardmore Shipping Corporation Expects Solid Product Tanker Demand

Ardmore Shipping Corporation announced results for the three and twelve months ended December 31, 2024. Highlights and Recent Activity Reported Adjusted earnings of $10.3 million for the three months ended December 31, 2024, or $0.25 Adjusted earnings per basic share...

HSFO cracks retreat at near parity versus crude

Cracks for 380-cst high sulphur fuel oil (HSFO) showed further signs of easing on Thursday, trading down at about parity to crude, though intermonth spreads retained strength at the prompt forward curve, said market sources. Singapore 380-cst HSFO crack...

Baltic index gains as rates rise across all vessel segments

Sale of LNGC Golar Arctic Marks Golar’s Exit From LNG Shipping Segment

HD Korea Shipbuilding Unveils Nuclear-powered Container Ship Design at Houston Summit

India says Russian oil suppliers must provide sanctions-compliant cargoes

Ardmore Shipping Corporation Expects Solid Product Tanker Demand

HSFO cracks retreat at near parity versus crude

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