Tankers & Gas
Stay informed with the latest news, analysis, and insight impacting the crude, LNG, and LPG sectors through our expert coverage
Croatia considers provenance and politics of suspected Iranian shipment
A tanker suspected of carrying Iranian crude oil has been roaming the Adriatic for weeks awaiting a decision from the Croatian government over whether to accept or reject the shipment labelled ‘Malaysian blend’
Russia oil and gas bans trigger tanker turmoil
Co-ordinated measures to blacklist Russian energy commodities will significantly recalibrate seaborne trade flows for the global tanker and gas carrier fleet
Ukraine conflict pushes tanker rates 230% higher for International Seaways and Ardmore Shipping
Trade dislocations seem ‘likely to persist beyond the immediate period of heightened tensions’, says Ardmore
Tanker sale and purchase activity rises on the back of improving values
Sales transactions were reported across all tanker segments, with the aframax and medium range sectors providing the majority of purchases
Russia oil and gas bans trigger tanker turmoil
Co-ordinated measures to blacklist Russian energy commodities will significantly recalibrate seaborne trade flows for the global tanker and gas carrier fleet
Shipping ‘hurt’ by Ukraine conflict amid record volatility on commodities market
Hurdles to ship cargoes from Russia are rising as underwriters and lending syndicates scrutinise details of each voyage. Financial and banking curbs are complicating trades
MR tanker period charters gain 35% in three months
Russia-led trade disruption that has seen spot rates gain 345% this year is now spilling over to longer-term time charters
Norden posts robust first-quarter results
Dry bulk and tanker operator reduces exposure in dry bulk to capitalise on a quickly recovering product tanker market
Tanker sale and purchase activity rises on the back of improving values
Sales transactions were reported across all tanker segments, with the aframax and medium range sectors providing the majority of purchases
‘Self-sanctioning’ tankers drive Russia charter rates 1,600% higher
Unclear and complex geopolitical risk surrounding Russia’s incursion into Ukraine is affecting crude exports the most, while diesel and refined product shipments continue
Avance Gas says outlook is positive after strong first quarter
Port congestion, Panama Canal delays, increased export volumes and high demand will keep freight rates elevated
StealthGas flags increased crew and bunker costs
Impairment charges drag Greece-based owner into the red
BW LPG warns of short-term geopolitical uncertainty
Company positive on medium-term outlook, expecting rates to be partly backed by strong export momentum in the US and Middle East as well as demand for imports in Asia, particularly China
Avance Gas says VLGC orderbook to be absorbed
Rates for very large gas carriers are seen softening given seasonal factors following a rise over the last several weeks as Europe and Asia competed for volumes and tensions rose on the Russia-Ukraine border
NYK signs long-term contract with EDF for fourth LNG carrier
Vessel will have a membrane-type tank from French engineering company GTT, and propelled by a WinGD-made, dual-fuel slow-speed diesel engine
Europe leads forecast 5% rise in LNG trade for 2022
‘Supply tensions and high short-term prices are likely to have a negative impact on natural gas consumption in price-sensitive emerging markets’, said IEA in quarterly global gas review
LNG: Generational energy crisis ensnares fleet
Disruption from the global pandemic, followed by geopolitical turmoil that imperils European energy security, is driving record volatility across all oil and gas sectors
CoolCo eyes LNG spot market consolidation as new management is unveiled
CoolCo’s launch has coincided with a spike in demand for liquefied natural gas as countries scramble to secure energy supplies to replace Russia’s share of the market
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