Owing to high spot LNG prices, importers in Asia now intend to shun buying LNG at spot rates. They will shift shift their buying strategy to that of securing long-term deals, an approach that was going out of fashion among buyers for providing less flexibility

Any increase in oil demand will be met by rising supplies as stock depletes, which will be positive for the tanker market as it expands seaborne volumes boosting tonnage demand

The green notation will be awarded to vessels that have implemented procedures to reduce their carbon emissions, such as usage of low or zero-carbon fuels

The project will help shipowners to conveniently and responsibly recycle their marine assets in a safe and environmentally sound manner while ensuring that green ship recycling practices are followed

Move is significant as it illustrates a shift towards capesize and larger vessels. The company is expanding its bulker fleet with bigger types of newbuildings and secondhand ships as it exits the supramax and handysize carrier category

China’s need for coal has resulted in a shipment from Kazakhstan carried on a capesize. Elsewhere, there are reports that some bulkers carrying Australian coal have finally been allowed to unload their cargoes after waiting to discharge following the unofficial ban imposed by Beijing late last year amid a trade scuffle