A new report launched today by the World Bank and the International Association of Ports and Harbors (IAPH) shows that better digital collaboration between private and public entities across the maritime supply chain will result in significant efficien…
The LNG market started 2021 on a high note with Asian spot prices crossing $30 per MMBtu while LNG shipping rates recorded a high $350k per day due to freezing temperatures and tight vessel supply. However, the current market conditions are poles apart…
LNG market riding high, but will the gains continue? Read More »
The oil market is expected to tighten this year as new OPEC+ cuts take hold and the roll out of vaccines brings some balance back to the sector. But demand in 2021 is still going to be short of pre-Covid levels and there will be limited inventory resto…
Balancing the crude picture Read More »
In December 2020, the signatories of the Poseidon Principles—currently twenty large banks—released their first Annual Disclosure Report. As the first paragraph of the report says: “This report represents the first time Signatories of the Poseidon…
In the seven days up to 1 January 2021, the US did not record any crude oil imports from Saudi Arabia. It is the first time this has happened. Previously, imports have averaged several hundred thousand barrels per day (bpd). For the moment, this drop t…
BIMCO’s Shipping Number of the Week: Zero tonnes of Saudi crude oil imported by the US Read More »