Navig8 Group expands into LNG shipping
Tanker operator Navig8 Group subsidiary Navig8 Topco Holdings acquires 14% of outstanding shares in Awilco LNG
The liquefied natural gas sector ‘faces a market trough until 2023/24’ according to Norway-based investment bank Cleaves Securities
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Beijing’s push for liquefied natural gas conversions on river boats has been met with several setbacks, including the lack of LNG fuelling infrastructure and standards for LNG-powered ships
‘Long and slow drawdowns of floating storage will place a wet blanket on earnings for an extended period’ — Navig8 Group research director Paul Marsh
VLCC daily rates on main tanker routes grew by almost 25% in certain cases as market dynamics prolong earnings spree
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