Suez Canal Authority Another ship has been damaged by the Houthis, who now claim to have hypersonic missiles in their armoury and will expand their target zone deeper into the Indian Ocean to try and […]
The Marshall Islands-flagged tanker Advantage Sweet was seized by Iran, with Tehran claiming retaliation for American sanctions and planning to use the oil sale proceeds to aid epidermolysis bullosa patients. The US State Department criticized […]
Atlantic spot LNG freight rates rose this week, while European prices increased for the second week in a row. Last week, spot charter rates for the global LNG carrier fell to their lowest since June […]
ShipyardsTankers In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m dwt, a 490% leap year-on-year, due to a rise in orders for VLCCs, according to data from shipping organisation […]
Top officials from across the shipping industry have expressed their feelings about the first loss of lives from the five-month old Red Sea shipping crisis. The Houthis fired a missile yesterday at the True Confidence, […]
On Wednesday, Iran confirmed its intention to seize the oil found aboard the Advantage Sweet, a cargo ship seized by the regime in the Persian Gulf back in April on allegations of being involved in […]
South Korean shipbuilder Hanwha Ocean, previously known as DSME, has signed a memorandum of agreement to build 12 liquefied natural gas (LNG) carriers as part of QatarEnergy’s massive shipbuilding program. Hanwha Ocean said in a […]
Planet Labs PBC / US Central Command The Rubymar, a general cargo vessel carrying a cargo of fertilizer, has become the first constructive total loss of the Red Sea shipping crisis. The ship was struck […]
Australian LNG player Woodside has signed a long-term LNG supply deal with South Korean importer Kogas. The sales and purchase deal provides for the supply of about 0.5 million tonnes per annum of LNG for […]
Singapore’s Eastern Pacific Shipping has ordered two LNG dual-fuel LR2 oil tankers in China. EPS and CSSC’s Guangzhou Shipbuilding International (GSI) signed a contract for the two 110-000-dwt vessels on Wednesday during a ceremony in […]
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