The northern China city accounted for one fifth of LNG imports into the giant Asian energy consuming nation during January to May 2020. The bulk of its imports came from Australia, Russia and Asean member nations
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The price spreads being seen have extended the payback period for a scrubber capesize bulk carrier beyond five years, and more than three years for a very large crude carrier
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The European Union cannot afford to continue to exempt shipping from the its European Trading System for much longer, as the quantity of its CO2 emissions is simply too great. Carriers should prepare themselves
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Analysts MSI says container shipping has passed the peak of the health crisis’s impact on demand. But with the speed at which economies and volumes can recover far from clear, the outlook in the second half of 2020 remains shrouded in uncertainty.
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According to the BP Statistical Review of World Energy 2020, liquefied natural gas exports grew by 12.7% in 2019 driven by increased growth in US, Russia and Australia, the largest annual increase ever
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Core components of the dry bulk market are rapidly turning upwards, which means the fringe parts of the sector have yet to join the upturn
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While the struggle to reschedule meetings postponed due to the coronavirus continues, the IMO has at least agreed to informal virtual meetings on the decarbonisation agenda
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Dozens of laden LNG tankers either spent weeks off Dampier or are taking more time to reach import destinations. Export projects in Australia have gone under maintenance as shipments slow
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