News Flash

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

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...
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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...
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Yangzijiang Shipbuilding secures shipbuilding contracts worth US$2.63 billion

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

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

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

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...
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Asia Fuel Oil-Spot premiums dip as offers soften, trade largely quiet

Asia Fuel Oil-Spot premiums dip as offers soften, trade largely quiet

Spot premiums for fuel oil eased in Asia on Monday, with offers retreating from the previous session, while overall trading...
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UECC and Titan agree landmark biomethane deal

UECC and Titan agree landmark biomethane deal

United European Car Carriers (UECC) and Titan Clean Fuels (Titan) have signed a new agreement that will see the vast...
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Saudi Arabia boosts crude oil share in Asia at Russia’s expense

Saudi Arabia boosts crude oil share in Asia at Russia’s expense

Saudi Arabia clawed back market share of Asia’s crude oil imports in November, while Russia surrendered some of its barrels...
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Rapid forensic analysis of FAME-based biofuels: Potential use of its fingerprint as a fraud detection tool

Rapid forensic analysis of FAME-based biofuels: Potential use of its fingerprint as a fraud detection tool

In recent years, the shipping sector has increasingly turned to liquid biofuels, particularly those comprising fatty acid methyl esters (FAME),...
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Global Shippers Adopt ‘Wait And See’ Approach As Trump Tariff Threats Loom

Global Shippers Adopt ‘Wait And See’ Approach As Trump Tariff Threats Loom

There has been a surprisingly measured response from international shippers facing potential new tariffs next year from the incoming Donald...
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Baltic index hits over 1-year low on weaker rates across vessels

Baltic index hits over 1-year low on weaker rates across vessels

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to near...
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Japan buys LPG ahead of winter; South Korea, China resell cargoes

Japan buys LPG ahead of winter; South Korea, China resell cargoes

Japanese buyers have been purchasing LPG for December delivery at prices ranging from discounts of about $5/mt to premiums of...
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Rotterdam-Singapore Green and Digital Shipping Corridor (GDSC) conducts end-to-end sustainability certification pilot for liquefied bio-methane bunkering

Rotterdam-Singapore Green and Digital Shipping Corridor (GDSC) conducts end-to-end sustainability certification pilot for liquefied bio-methane bunkering

The Rotterdam-Singapore Green and Digital Shipping Corridor (GDSC) partners have conducted a successful pilot for the bunkering of mass-balanced liquefied...
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Shipping industry booms amid China export rush, faces post-tariff woes

Shipping industry booms amid China export rush, faces post-tariff woes

Container shipping rates from Asia to India have doubled over the past month, with spot rates for shipping a 20-foot...
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Peninsula focuses on LNG, biofuels in marine energy transition by 2030

Peninsula focuses on LNG, biofuels in marine energy transition by 2030

Peninsula plans to ramp up supplies of LNG and biofuels to shipping companies this decade before offering novel marine fuels...
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Nordic American Tankers Ltd: Prospects for our Suezmax tankers are good

Nordic American Tankers Ltd: Prospects for our Suezmax tankers are good

The international profile of NAT is reflected in the fact that during the last five years our ships have loaded...
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Unlocking investment opportunities in ship recycling

Unlocking investment opportunities in ship recycling

Ship recycling countries are seeking stronger investments, as demands on the industry are expected to rise significantly in coming years....
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Globus Maritime Limited Expects Older Vessels to Lose Their Competitiveness

Globus Maritime Limited Expects Older Vessels to Lose Their Competitiveness

Globus Maritime Limited, a dry bulk shipping company, reported its unaudited consolidated financial results for the third quarter and nine-month...
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Tankers: VLCC Market Takes a Hit

Tankers: VLCC Market Takes a Hit

Clean LR2 LR’s in the MEG saw a welcome uptick in activity and freight levels this week. Although rates have...
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