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 »
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 international shipping industry is a major greenhouse gas emitter, accounting for about three percent of all greenhouse gas emitted last year. For reference, this is roughly equivalent to the total annual emissions of Germany. Because these emissio…
Can The International Shipping Industry Be Part of the Climate Solution? Read More »
The second week of July has witnessed a sustained decline in crude tanker freight rates, which is further compounded by the challenges posed by the summer season on the market. Particularly, Chinese oil demand from the United States has significantly d…
The International Maritime Organization (IMO) rules have had some success in improving public health. Global emissions of sulphur dioxide (SO2) – a health-damaging air pollutant – have dropped by about 10% as a result. But the shift to low-sulphur ship…
How low-sulphur shipping rules are affecting global warming Read More »