South Korea’s Samsung Heavy Industries is going to the Singapore International Arbitration Centre to file a case against a Russian shipyard owner that cancelled contracts worth $4.3bn for the supply of oil and gas tankers. […]
Trafigura has returned to China for more very large crude carrier newbuilds. Multiple brokers report the global commodities trader has signed up for three additional 319,000 dwt VLCCs at Jiangsu New Hantong Ship Heavy Industry. […]
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first five months of 2024, an increase of 129%, […]
ENB Pub Note: An excellent article from Bloomberg. Although the first line says “The first Russian oil tanker attempting to deliver crude while under US sanctions”… this is not factual, as Russia has been increasing […]
The amount of crude oil and oil products flowing around the Cape of Good Hope, located at the southern tip of Africa, increased nearly 50% in the first five months of 2024 compared with the […]
Dry CargoTankers This week’s broking reports show that prices continue to be firm despite a slowdown in sales. The Japanese-owned cape, Cape Keystone, a 2011 vessel delivered from Hyundai Heavy in Korea, has been sold […]
EuropeTankers Greenpeace Littoral states along the Baltic are upping their campaign to take action against Russia’s so-called dark fleet of ageing tankers transiting the region. Finland has called for the European Union to buy a […]
Three ships caught on fire after being hit by projectiles off Yemen over the weekend. An Antigua-flagged general cargo ship called Noorderney was struck by a missile 83 nautical miles southeast of Aden and caught […]
Global LNG imports rose by 1.7 percent to 169.3 million tonnes in January-May 2024, up from 168 million tonnes during the same period in 2023, according to preliminary data released by Cedigaz. Confirming the trend […]
French energy giant TotalEnergies has entered into deals to supply liquefied natural gas (LNG) to Indian Oil and Korea South-East Power. TotalEnergies said on Tuesday these contracts allow the firm to secure medium-term outlets for […]
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