News Flash | Sea and Job

Samsung Heavy Industries Subcontracts 4 Suezmax Tankers to China Due to Labor Shortages

Samsung Heavy Industries has announced its decision to outsource the construction of four Suezmax tankers (crude oil carriers) to Chinese shipyards, a strategic move aimed at addressing the current labor shortages and dock capacity issues faced by the company. This...

China’s recasting of UCO trade: Minimal impact on chemical shipping

China eliminated the 13% export tax rebate on the popular feedstock for biofuels-used cooking oil (UCO) on 1 December 2024, aiming to increase domestic supply as the country intends to implement a 2% Sustainable Aviation Fuel (SAF) blend requirement in 2025. This move...

HJ Heavy Industries Secures Design Approval for 88,000㎥ Very Large Ammonia Carrier

HJ Heavy Industries announced on Dec. 30 that it has obtained design concept approval for an 88,000㎥ class very large ammonia carrier (VLAC) from the UK-based Lloyd’s Register (LR). This approval marks a crucial step in the company’s efforts to lead the market in...

German foreign minister warns of Russian ‘shadow fleet’

Multiple recent incidents involving undersea cables in the Baltic Sea were unlikely to be a coincidence, Annalena Baerbock said. She called for tougher sanctions on Russia’s so-called “shadow fleet” of ships. German Foreign Minister Annalena Baerbock has issued a...

LNG shipping stocks: Modest gains despite low trading activity

Last week, the UP World LNG Shipping Index (UPI) outpaced the S&P 500, gaining 2.46% as the broader market rose by 0.67%. Despite this recovery during the shortened Christmas week, the UPI faced uncertainty as moving averages signaled mixed trends and trading...

Asia Fuel Oil: Window activity thin; cautiousness on fundamentals remain

Asia’s fuel oil markets began the week with slow trading momentum, with traders remaining cautious on forward demand-supply fundamentals and the impact of China’s buying activity would pan out. A buy-sell gap continued to hinder window trading activity, with the...

Samsung Heavy Industries Subcontracts 4 Suezmax Tankers to China Due to Labor Shortages

China’s recasting of UCO trade: Minimal impact on chemical shipping

HJ Heavy Industries Secures Design Approval for 88,000㎥ Very Large Ammonia Carrier

German foreign minister warns of Russian ‘shadow fleet’

LNG shipping stocks: Modest gains despite low trading activity

Asia Fuel Oil: Window activity thin; cautiousness on fundamentals remain

Recent News