President Joe Biden is set to ban new offshore oil and gas development across 625 million acres (250 million hectares) of U.S. coastal territory, Bloomberg News reported on Friday.The ban, to be announced on Monday, rules out the sale of drilling…
Biden Expected to Ban Oil and Gas Development on Millions of Offshore Acres Read More »
With the holiday period now firmly behind, VLCC tankers are starting to show some moderate demand. In its latest weekly report, shipbroker Affinity said that “after a rather quiet festive period, VLCC lists have replenished somewhat and some owners are…
VLCC Tanker Market Up to a Slow Start to the New Year Read More »
Drewry expects LNG shipping to normalise further in 2025 as fleet growth continues to outpace liquefaction build-up, preventing any recovery in rates. Although demand will recuperate, erratic weather conditions, LNG prices, competition from other sourc…
LNG shipping poised for further normalisation in 2025 Read More »
According to the World Economic Forum, with around 90% of all trade being ocean-based, close to 3% of the world’s greenhouse gas footprint comes from seagoing vessels. The shipping industry is determined to accelerate its efforts to meet the Global Mar…
Green methanol shortages are diverting newbuilds back to LNG Read More »
Demand for second hand dry bulk carriers has been high throughout 2024. In a recent weekly report, shipbroker Intermodal said that “the dry bulk sale and purchase activity continue to demonstrate remarkable strength this year so far, achieving the seco…
Dry Bulkers in Demand Throughout 2024 Read More »