LNG shipping rates plunge on increasing vessel availability

Shipping costs for liquefied natural gas (LNG) cargoes have tumbled to five-year lows as newly built carriers added to the global fleet outpace shipping demand and shorter average journey times have increased vessel availability. Atlantic freight rates assessed for vessels with two-stroke engines capable of carrying 174,000 cubic meters of LNG, the most common type …

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Dry Weekly Market Monitor: Coal Dry Bulk Flows | U.S. – Europe Market Analysis

The total coal shipment volume from the U.S. to Europe in 2024 is estimated at 25.2 million tonnes, reflecting a decline from 2023, which recorded 26.4 million tonnes. This marks a 4.5% year-over-year drop in total coal exports, suggesting a potential weakening of European demand for U.S. coal, possibly due to factors such as regulatory …

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PROSTEP Interviewed for Analyst Research on PLM Evolution

PROSTEP, Inc., a global leader in PLM integration and digital transformation solutions, has been interviewed for Forrester’s report, “Prepare for PLM Transformation.” PROSTEP believes the report underscores its contributions to cloud PLM solutions, advanced interoperability, and digital thread creation. As a vendor-agnostic partner, PROSTEP has consistently delivered innovative solutions that enable manufacturers to integrate complex …

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There is no boredom at sea: about changes in maritime business in 2025

Maritime freight plays a key role in global trade. According to the IMO (International Maritime Organization), about 80-90% of global trade is carried out by this service. Maritime shipping not only connects markets from different continents but also plays an important geopolitical role. This is confirmed by the events of the last 2-3 years. Climatic …

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SFL – Ruling from Oslo District Court in the Seadrill Legal Case

SFL Corporation Ltd. today received the ruling delivered by the Oslo District Court regarding the legal case between SFL’s rig-owning subsidiary and subsidiaries of Seadrill Ltd. (“Seadrill”) following the redelivery of the drilling rig Hercules to SFL in December 2022. The court today issued a judgment in favor of SFL’s subsidiary where certain subsidiaries of …

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Filipinas adopta medidas para mejorar la legislación sobre responsabilidad e indemnización marítimas

Un cursillo nacional que está teniendo lugar en Manila, Filipinas, del 27 al 31 de enero tiene como objetivo impulsar la comprensión e implantación del régimen de responsabilidad e indemnización de la OMI, en particular el Convenio SNP de 2010, el Convenio sobre el combustible de los buques de 2001 y el Convenio de Nairobi …

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