News Flash | Sea and Job

Baltic index slips on lower capesize, panamax rates

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a second straight session on Tuesday, dragged down by weaker rates across capezise and panamax vessel segments. The index, which factors in rates for...

Initial Conclusions of Elogen’s Strategic Review and Changes in GTT’s Governance

As announced in its press release on 9 January 2025, the GTT Group is conducting a strategic review of the activities of its subsidiary Elogen. In a challenging market environment for green hydrogen, Elogen did not secure any significant orders in 2024 and recorded an...

Hapag-Lloyd Nears $1.2 Bil. Deal with Hanwha Ocean for LNG Dual-fuel Container Ships

Hapag-Lloyd, the world’s fifth-largest shipping company, is reportedly in the final stages of reviewing an order for six LNG dual-fuel container carriers from South Korea’s Hanwha Ocean. The contract, estimated to be worth $1.2 billion (1.7 trillion won), marks a...

HD Korea Shipbuilding Secures 538.3 Billion Won Contract for LNG Bunkering Vessels

HD Korea Shipbuilding & Offshore Engineering has secured a significant contract to construct four 18,000㎥ class LNG bunkering vessels for an African shipping company, valued at 538.3 billion won. This announcement, made on Feb. 10, further boosts expectations for...

International Registries Inc.: Looking Internally to Enhance Client Experiences in 2025

IRI President Bill Gallagher explores the year ahead in this 2025 message to clients and colleagues: As 2025 opens, it does not look like a quiet year in shipping. With impending regulatory changes, rapidly approaching decarbonization targets, innovations in advanced...

Höegh Autoliners ASA Says Seasonal Slowdown Impacts Trading in January

In January 2025, Höegh Autoliners transported 1.1 million cbm of cargo on prorated basis. Transported cargo in the last three months (November – January) was 3.5 million cbm. Average prorated gross freight rate in January 2025 was USD 99.6 per cbm (-0.7% compared to...

Baltic index slips on lower capesize, panamax rates

Initial Conclusions of Elogen’s Strategic Review and Changes in GTT’s Governance

Hapag-Lloyd Nears $1.2 Bil. Deal with Hanwha Ocean for LNG Dual-fuel Container Ships

HD Korea Shipbuilding Secures 538.3 Billion Won Contract for LNG Bunkering Vessels

International Registries Inc.: Looking Internally to Enhance Client Experiences in 2025

Höegh Autoliners ASA Says Seasonal Slowdown Impacts Trading in January

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