EIA said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 29 LNG vessels is 110 Bcf. This compares to 32 shipments and 122 Bcf in the week ending […]
Saggas, the operator of the LNG terminal owned 72.5 percent by Spain’s Enagas, announced the arrival of the milestone cargo in a statement on Thursday. Besides Enagas, Osaka Gas and Oman Oil are shareholders in […]
Dubai shipping firm Gulf Navigation (GulfNav) has been given the go-ahead by its shareholders to acquire the assets held by crude storage provider Brooge Energy. The takeover plan, announced in October 2023, covers $125m in […]
Both the China Shipowners’ Association (CSA) and the China Association of the National Shipbuilding Industry (CANSI) have left public comments criticising the US Trade Representative’s proposals to charge extra for fleets with Chinese-built tonnage calling […]
Dutch floater expert SBM Offshore has entered into a global collaboration agreement with US technology conglomerate Microsoft to develop standardized, AI-powered carbon-free floating power solutions. The collaboration aims to accelerate the adoption of floating power […]
In the latest maritime bombshell coming out of Washington DC, the Federal Maritime Commission, the country’s shipping regulator, has warned it might bar entry to ships from countries found to be causing choke points at […]
CK Hutchison’s share price plunged today in Hong Kong following Beijing’s public criticism of its plans to sell the majority of its ports division to BlackRock and Mediterranean Shipping Co (MSC) for $22.8bn, bringing into […]
Tsunami of cash is still washing over money market funds. But banks’ fight for deposits is over. By Wolf Richter for WOLF STREET. Interest rates paid by money market funds largely track short-term yields in the Treasury market […]
U.S. propane exports have increased every year since 2007 Data source: U.S. Energy Information Administration, Petroleum Supply Monthly U.S. propane exports averaged a record 1.8 million barrels per day (b/d) in 2024, the most since we began collecting […]
U.S. butane exports reached a new record in 2024 Data source: U.S. Energy Information Administration, Petroleum Supply Monthly The United States is exporting record volumes of normal butane as global demand for liquefied petroleum gases (LPG) surges. U.S. normal butane exports […]
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