Development of mega LNG liquefaction projects continues to suffer in a coronavirus (COVID-19)-impacted market with low demand, historically low LNG prices and an oil price war on the sidelines. The LNG market started 2020 with record low spot LNG price…
Coronavirus to create new “normal” in LNG shipping Read More »
Before the coronavirus outbreak, shipping was already facing headwinds, including those caused by the trade war which has lowered volumes and changed trade patterns, both interesting developments which will continue into the future even as the world ad…
US Seaborne Exports Slow As The Trade War Takes Hold Read More »
These are two primary motivators behind the Northern Lights project, part of the Norwegian initiative to achieve full-scale CCS. The project encompasses the capture of CO2 from cement production and a waste-to-energy plant in the Oslofjord region and t…
Northern Lights show the way to seaborne CCS solutions Read More »
Crude oil prices plunged by more than a third in the past week after OPEC+ failed to agree on production cut as demand softened in the aftermath of coronavirus (COVID-19). In its recent report, the IEA estimates global oil demand at 99.9 mbpd in 2020, …
Volatility to increase in tanker market following oil price war Read More »
VLSFO quality remains a headline IMO2020 topic. As suppliers are getting more experienced at producing VLSFO blends, the proportion of off-spec tests has been declining, although certain quality concerns remain. One of these is the reduction in viscosi…
Should the industry worry about decreasing VLSFO viscosity? Read More »