Industry debate on future fuels continues to evolve, from the visionary to the practical. There are calls to consider and understand the potential consequences of the relatively minor role that shipping plays in the global industrial hierarchy for acce…
The shipping sector’s decarbonisation presents a considerable challenge. Maritime transport is a key enabler of global trade and contributes 2%-3% of total global greenhouse gas (GHG) emissions. If shipping were a country, it would be in the world’s to…
In the final quarter of the year, the outlook for seaborne reefer trade has weakened with cargo demand now expected to post a second consecutive year of decline. Meanwhile, transit restrictions on the drought-stricken Panama Canal are starting to impac…
Seaborne reefer trade to contract for the second consecutive year Read More »
The Drewry LNG Shipping Equity Index declined 7.5% YTD (as of 16 November 2023), underperforming the S&P 500, which surged 17.4% during the same period. The share prices of Nakilat fell 7.4%, Flex LNG 5.4% and Golar LNG 4.6% YTD, while in the last …
Drewry: LNG Shipping Equity Index Down 7.5% This Year Read More »
In the last week of November, the crude oil freight market showed continued weakness in sentiment, although earlier expectations pointed to a recovery in the very large crude carrier (VLCC) segment. At present, the market appears to be struggling to fi…