State-owned Chinese firm Sinopec signed a new 27-year LNG supply and purchase agreement with QatarEnergy, the two companies said on Saturday.Under the agreement, the two companies will cooperate on the second phase of the Gulf Arab state’s North Field …
Sinopec Signs 27-Year LNG Supply Deal Read More »
Ukraine rained 15 cruise missiles on Russia’s shipyard in the Crimean port city of Kerch on Saturday, damaging one ship, Russian defence ministry said, in an attack that could further undermine Moscow’s striking capabilities.Thirteen of the missiles we…
Ukraine Hits Russian Shipyard Read More »
Danish energy firm Orsted’s shock decision to cancel two offshore wind farms off New Jersey this week was based in large part on big delays securing the ship it needed to build the project, company officials said.The world’s biggest offshore wind…
Ship Shortage Dealt Death Blow to Orsted’s New Jersey Offshore Wind Hopes Read More »
The EU has imported 76.5 million tonnes of LNG during 2023 (Jan.-September), an increase of 4.4% versus last year, with US accounting for 43.7% of the total seaborne imports. In its latest weekly report, shipbroker Banchero Costa said that “global seab…
EU’s LNG Imports Rise By 4.4% So Far in 2023 Read More »
The crude freight market gained momentum in early November due to the ongoing crisis in the Middle East. The VLCC segment has seen significant activity, but the Suezmax and Aframax segments have experienced even more growth compared to their levels at …