Japan’s liquefied natural gas (LNG) imports rose in May for the second month in a row, according to the provisional data released by the country’s Ministry of Finance. The country’s LNG imports rose 5.6 percent […]
The International Energy Agency (IEA) has called peak oil as happening in 2029, something that has got tanker analysts discussing what this means for owners mulling rejuvenating their fleets. The IEA’s latest report, Oil 2024, […]
With the leaders of G7 nations meeting in Italy this week, a further coordinated series of sanctions against Russia have been making headlines in recent days with plenty linked to shipping. Nearly 850 days since […]
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 […]
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