Expected rise in demand for carbon-neutral LNG under decarbonisation goals pushes the sector to reduce CO2 emissions, driving advancement in LNG shipping. Total recently shipped its first carbon-neutral LNG cargo sourced from Australia’s Ichthys LNG to…
LNG inching towards carbon neutrality Read More »
While spot LNG shipping market has tightened in the last one month, LNG shipping stock prices have underperformed the Baltic LNG Index. Spot LNG shipping rates crossed USD 100,000pd for modern vessels in October and are presently hovering around USD 12…
LNG shipping stocks lag surge in spot rates Read More »
Countries around the world must avoid a “race to the bottom” to secure competitive advantage by watering down environmental safeguards. Instead, United Nations Conference on Trade and Development (UNCTAD) secretary-general Mukhisa Kituyi has urged nati…
UNCTAD: Time to re-think trade policies Read More »
IMO-class tankers which swung to product trading in 2Q20 due to high freight rates and floating storage requirements are unlikely to join the chemical trading fleet until 2021. IMO-class tankers are tankers with International Maritime Organisation (IMO…
Swing tankers unlikely to join chemical trading fleet until 2021 Read More »
The number of oil tankers passing through the Suez Canal in October have seen a sharp 27% decline, as demand for oil transports has stayed subdued since the April crash in oil prices that fuelled high demand for oil tankers. A total of 3,708 oil tanker…
Oil tanker Suez Canal transits drop 27% Y-o-Y in October Read More »