LNG shipping rates just hit $125,000 per day

Tankers carrying crude oil and refined products are wallowing below cash-breakeven. Their near-term prospects are grim. In contrast, spot rates for tankers carrying liquefied natural gas (LNG) are now highly profitable, with some vessels earning $125,000 per day. “The gains have become more significant over the past couple of


Texas A&M students transforms shipping containers

HOUSTON — Shipping containers get all sorts of uses these days, but Texas A&M students are working together to “BUILD” something very special. “Mobile medical clinics out of shipping containers,” A&M senior Abby Launikitis, of Cypress, said. She’s this year’s CEO of the student-run organization actually called BUILD. It


Shipping reacts to energy rankings news

The shipping community is digesting yesterday’s Splash exclusive news that the ‘A’ to ‘E’ operational efficiency rating of every ship above 5,000 gt will be made fully public and updated on an annual basis, possibly within a matter of months, potentially giving charterers similar energy ratings visibilities to what consumers see when buying