Flex LNG Ltd. reported steady third-quarter results for 2025, with a continued focus on maintaining its modern fleet of 13 large LNG carriers at peak operational and financial efficiency.Vessel operating revenues held firm at $85.7 million, with an average Time Charter Equivalent (TCE) rate of $70,921 per day across the fleet. The company reported net income of $16.
Port Houston recorded sustained growth in August following a standout July. Total tonnage across Port Houston’s public terminals is up 5% year-to-date through August, reflecting steady growth across multiple cargo sectors.After a record-setting July, the Port’s container terminals saw 370,430 twenty-foot equivalent units (TEUs) in August, up 1% from the same month last year.
The Secretary-General of the IMO Arsenio Dominguez has issued a statement on the situation in the Strait of Hormuz:“I am deeply concerned by reports that several seafarers have been injured in attacks on merchant vessels. No attack on innocent seafarers or civilian shipping is ever justified.
NorthStandard has published a new white paper focusing on the accelerating adoption of biofuels in commercial shipping. ‘Biofuels – Driving the green transition’ brings together insights from NorthStandard, supplier World Fuel and leading testing agency Veritas Petroleum Services (VPS), in a unique discussion document outlining biofuel uptake, potential issues and loss prevention measures.
Thailand's military said it was considering blocking fuel exports to Cambodia, as fighting between the two countries spread to coastal areas of a disputed border region two days after U.S. President Donald Trump said the sides had agreed to a new ceasefire.The Southeast Asian neighbours have resorted to arms several times this year since a Cambodian soldier was killed in a May skirmish
A pilot of a towing vessel on the Mississippi River left the helm unattended for several minutes, leading to a grounding near Thebes, Illinois, the National Transportation Safety Board (NTSB) has concluded.While the towing vessel City of Louisville was upbound on the Mississippi River pushing 11 barges on July 29, 2023, it ran aground in a charted shallow and rocky area.
Two OFAC-sanctioned VLCCs remain stranded outside Bangladeshi waters with no prospects of a final resting place, reports cash buyer GMS, and this is now seeing cash buyers and ship recyclers being vigilant in their due diligence prior to negotiating on units.There are reportedly still a few more units in cash buyer hands that are waiting to be introduced for a recycling resale.