News Flash | Sea and Job

Flurry of new tonnage diverges LNG shipping rates from bullish cargo market

European LNG cargo prices are rising, contrasting sharply with falling shipping rates. This divergence is driven by strong demand signals and a tighter winter supply balance for LNG, while the shipping market is experiencing an influx of new vessels, coupled with weak...

LNG traders divert cargoes from Europe to Asia as eastern demand strengthens

Three liquefied natural gas (LNG) cargoes on course for Europe have been diverted to Asia to meet stronger Asian demand and as gas prices in Europe have eased, according to analysts and shipping data. The quick change in course reflects agility oftrading firms in...

Yangzijiang Shipbuilding secures shipbuilding contracts worth US$2.63 billion

Yangzijiang Shipbuilding has secured shipbuilding contracts for 21 vessels, with a total contract value of US$2.63 billion ($3.54 billion). This comes on the back of the group’s 9MFY2024 business update, which reported a record high order book of US$22.14 billion....

Switch2 partners with CorPower Ocean on groundbreaking ‘wave powered’ green ammonia project

SwitcH2 is partnering with CorPower Ocean to deliver a unique industrial scale floating green ammonia production facility partially powered by wave energy. With backing from Norway-based BW Offshore and Dutch Oceans Capital, SwitcH2 is leading the development of...

Floating LNG import terminals pose cost and climate challenges for Asian markets

In the coming decades, South and Southeast Asia are widely expected to drive global demand for liquefied natural gas (LNG), but LNG import projects in these regions have been repeatedly beset by lengthy delays and financial obstacles. To expedite demand growth in...

Global shipping costs to remain high amid tariff threats, Red Sea challenges

Global shipping costs are expected to remain high next year, with freight rates likely to continue rising due to ongoing challenges in the shipping industry, including US President-elect Donald Trump’s tariff threats and the situation in the Red Sea. CMA CGM (Taiwan)...

Flurry of new tonnage diverges LNG shipping rates from bullish cargo market

LNG traders divert cargoes from Europe to Asia as eastern demand strengthens

Yangzijiang Shipbuilding secures shipbuilding contracts worth US$2.63 billion

Switch2 partners with CorPower Ocean on groundbreaking ‘wave powered’ green ammonia project

Floating LNG import terminals pose cost and climate challenges for Asian markets

Global shipping costs to remain high amid tariff threats, Red Sea challenges

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