The Drewry LNG Shipping Equity Index increased 16.3% YTD (as of 13 July 2023), underperforming the S&P 500, which rose 17.5% during the same period. The stock price of Nakilat jumped 14.5%, that of Golar LNG increased 3.6%, while Flex LNG’s decline…
Drewry: LNG Shipping Equity Index Up 16.3% During 2023 Read More »
Argentina is expected to contribute more export seaborne cargoes of crude oil, as production ramps up, while consumption isn’t. In its latest weekly report, shipbroker Gibson said that “the explosive growth in Americas crude production has repeatedly f…
Tankers: Argentina Emerging as Crude Oil Export Destination Read More »
Capesize This week began on a positive note in the Pacific market, with all three major players actively participating and securing vessels at more favourable rates. However, the momentum quickly dissipated and the market experienced a decline in rates…
Dry Bulk Market: Capesize Market on the Decline for Yet Another Week Read More »
On 18 April 2023, the European Parliament decided that from 2024, the EU ETS would also apply to emissions from shipping. According to the EU regulations, the ‘shipping company’ concerned is responsible for compliance with the EU ETS vis- à-vis the aut…
EU Emissions Trading Scheme (“EU ETS”): Regulatory and contractual perspective Read More »
The tanker market was mixed during the month of June, according to the latest monthly report from OPEC. Dirty freight rates continued to show mixed movement in June. VLCCs partially recovered from the previous month’s decline, with Middle East-to-East …
Tanker Market Showed Mixed Movement During June Read More »