Shipowners missing out on benefits of trading Europe’s ETS allowances
Small shipowners slow in opening up mandatory trading accounts
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August 2024
Golar LNG targets doubling of FLNG fleet capacity by 2030
Decision would need to be taken in early 2025 to secure 2028 delivery for second unit
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Middle East Tensions Leave Big Dent in DP World’s First-half Profits
Dubai-owned DP World reported a 59% drop in first-half profit on Thursday as the ports and logistics company grappled with shipping disruptions in the Red Sea as tensions flare in the Middle East due to the ongoing Israel-Hamas war in Gaza.Missile…
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Potential US Seaport Strike May Cause Months-long Shipping Delays
A potential strike at U.S. seaports on the East Coast and Gulf of Mexico could back up cargo there for weeks or even months, shipping experts said on Wednesday.Retailers like Walmart and other importers have been rushing goods in ahead of the Sept.
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BW LPG Buys 12 VLGCs from Avance Gas in $1.05 Billion Deal
BW LPG on Thursday announced it has agreed to acquire 12 very large gas carriers (VLGC) from Avance Gas in a cash and stock deal valued at more than $1 billion.The deal will see Avance Gas sell off the entirety of its VLGC fleet, including four 91…
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