The energy crisis that engulfed Europe after Western sanctions punished Russia’s invasion of Ukraine cost the continent hundreds of billions of dollars. Now, the Middle East crisis and the Houthi war on the Red Sea […]
India is the world’s fastest-growing economy and its expansion in the final quarter of last year exceeded expectations, according to International Monetary Fund (IMF) executive director Krishnamurthy Subramanian. Indian gross domestic product (GDP) grew 8.4% […]
ContainersMiddle East Folk Maritime A new feeder and short-sea shipping company has been launched in Saudi Arabia to link the kingdom with other key ports in the Red Sea. The Riyadh-based Folk Maritime is headed […]
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LNG terminal operator Deutsche ReGas has kicked off commissioning activities at its FSRU-based LNG import facility in Germany’s port of Mukran. The German firm led by Ingo Wagner and Stephan Knabe on Saturday announced the […]
19 companies have filed bids for nearly 34 billion cubic meters of natural gas in a new joint purchasing tender for multi-year deals, European Commission vice president Maroš Šefčovič said on Thursday (22 February). In […]
Atlantic spot LNG freight rates dropped below $50,000 per day this week, while European and Asian prices also decreased compared to the week before. Last week, charter rates were almost flat after they rose in the […]
Croatia’s Krk liquefied natural gas (LNG) terminal has received its 85th cargo since the launch of operations in January 2021. The 2018-built 173,400-cbm, BW Tulip, arrived at the 140,000-cbm FSRU on February 20, according to […]
Power producer First Gen is seeking one spot LNG cargo for its FSRU-based import terminal in Batangas, Philippines. The firm controlled by the Lopez family said in a statement it seeks to procure a single […]
HONG KONG—Chinese electric-vehicle makers that enjoyed years of explosive growth now face a slowdown in domestic demand, spurring them to push overseas and challenge global auto giants already struggling with a transition to battery-powered cars. A subsidies-driven […]
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