LNG carriers have been seen heading towards the north China hub of Tianjin after departing from US LNG terminals on the Gulf coast. Unconfirmed reports suggest there have been some waivers of the 25% tariff Beijing imposed on LNG imports from the US
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The Hong Kong-based owner of small to mid-sized bulkers has put a halt to any secondhand sales and purchase deals as it expects weak spot rates to negatively impact its second quarter earnings
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There has been a marked increase in activity in the spot and short-term market in recent weeks, primarily driven by a resumption in industrial activity in China
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The dry bulk market is facing inevitable disruptions caused by the widespread coronavirus, which has been forcing lockdowns and mining operations to halt. However, there is some optimism among owners about the market's ability to recover
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Fuel prices could be hit in the wake of the Saudi Arabia-Russia price war and coronavirus counter-measures
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'The contango that we're seeing is one of the largest in recent memory', said Nikos Tsakos, adding that 'we are expecting to see at these prices more storage, which will keep ships out of the market, keep the market strong'
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Cosco Shipping Ports chairman warns of short-lived recovery in container volumes, while shore-based crude storage expected to fill up quickly, bolstering tanker forward freight agreement contracts
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Cost-cutting and the erosion of marine fuel oil premiums are rendering sulphur abatement technology redundant
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