Henry Hub natural gas spot price averaged $1.75 per mmBtu in May and ‘relatively low demand‘ will keep spot prices lower than $2 per mmBtu through to August
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The Energy Information Administration says initial oil consumption data and additional efforts by major oil producers indicate that the oversupply in global oil markets has not been as severe as it forecast in May
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More than 70% of unsold or surplus gasoline, diesel and jet fuel is stored on tankers at anchor off Togo or Nigeria
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Ambition without clarity is only fluff when it comes to maritime’s carbon reduction goals
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The pandemic has provided an opportunity to focus on future globalisation models. CMA CGM believes those must include sustainable development goals
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The bulker segment has been facing worsening trading conditions since early February as crowded tonnage in both the Pacific and Atlantic basins amid slow activity puts downward pressure on spot rates. However, Canada -China activity is providing some
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Conversion of 15,000 teu Sajir to run on LNG has been delayed until late August while the carrier is seeking leeway in meeting the obligations of its bunker supply contracts
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Hafnia, one of the biggest product tanker owners, posted surging profits after the floating-storage boom in the first three months of 2020.
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