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.
Traders diverted at least six cargoes of liquefied natural gas that were on course for Asia to Europe earlier this month, drawn by higher European prices and amid weak Asian demand, according to analysts and shipping data.The diverted cargoes could help meet additional European demand as countries seek to replace piped Russian gas after the Ukraine transit deal expired on Jan.
2024 was another busy and eventful year for the Irish Coast Guard. The year in figures:The 44 Coast Guard Units were mobilised on 1,154 separate occasions this year;Coast Guard Helicopters conducted 752 missions;Critical assistance was provided to 537 persons (preventing loss of life
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.
In his New Year’s greetings, NYK President Takaya Soga reflected on the disasters of 2024 and looked forward to change in 2025.“This year is the Year of the Snake, and when combining the 12 zodiac signs with the 10 heavenly stems, it is referred to as ‘Kinotomi.’ The Year of the Snake symbolizes regeneration and change, inspired by the image of the snake shedding its skin,” said Soga.