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Tankers & Gas
Rising long-haul trades ‘turn tanker demand positive’ in 2020
Shipbroker Braemar ACM forecasts rising longer-haul voyages to Asia to offset coronavirus-led falls in demand growth
Global tanker tonne-mile demand falls on US energy independence
Crude tanker tonne-mile demand reveals rising exports from the US Gulf are failing to compensate for US refiners importing less crude, especially from the Middle East
Crude Tankers
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Latest From VLCC & Suez and Aframax
Euronav buys first scrubber-fitted VLCCs
The crude oil carrier owner will spend $280.5m on the very large crude carrier trio being constructed at DSME
Cosco VLCCs attract charterer interest after sanctions lifted
CNOOC provisionally agreed a rate of Worldscale 45 to load 260,000 tonnes of crude on Cosrising Lake from West Africa to China
Evalend increases VLCC tally in South Korea
Evaland confirmed the first three very large crude carriers to Lloyd’s List when they were ordered a year ago
Product Tankers
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Latest From Products
MOL appoints new head of chemical tanker unit
Top management change has been timed to follow MOL Chemical tankers making its first forays into tank terminal business
Concordia eyeing new tonnage amid bullish market
Chief executive Kim Ullman urges the market to avoid ordering newbuilds as he expects high freight rates in 2020
China’s oil and gas demand to slow in February
Analysts have slashed growth forecasts and warned of further cuts if the coronavirus succeeds in establishing a choke hold on the Chinese economy
LPG
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Latest From LPG
Nakilat posts highest-yet net profit in 2019
The chairman cited favourable market conditions accompanied by business diversification and resource optimisation that helped to elevate the company to new heights
Chinese LPG demand to fall by 3% due to coronavirus
If prices are depressed further, some of the cargoes will most likely be sold to buyers in other countries such as Indonesia, Japan, South Korea and India, say Poten & Partners
StealthGas LPG carrier leaking off China
Vafias Group is listed as the beneficiary owner of the vessel, while the Greek owner’s tanker arm StealthGas is the commercial operator, according to Lloyd’s List Intelligence data
LNG
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Latest From LNG
Qatar delays LNG expansion plans
A delay should reduce near-term contracting competition for US projects, Stifel noted
Nakilat posts highest-yet net profit in 2019
The chairman cited favourable market conditions accompanied by business diversification and resource optimisation that helped to elevate the company to new heights
Keeping up with LNG carrier technology
With the growth in demand for gas, development of production and transport capacities has accelerated
Equity Watch
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Latest From DHT, Euronav, Frontline, Gener8, Nordic American Tankers, Scorpio Tankers, Dorian Lpg, Gaslog & Golar Lng
Euronav buys first scrubber-fitted VLCCs
The crude oil carrier owner will spend $280.5m on the very large crude carrier trio being constructed at DSME
Growing LNG demand will find new trades for steam turbine ships, says Livanos
GasLog Partners envisaged as an ‘opportunistic’ vehicle that may acquire vessels in cases where owners are struggling to profitably employ speculatively ordered tonnage
GasLog takes hit on steam turbine vessels
While spot rates for LNG carriers improved in 2018 and 2019 compared with prior years, the term charter market for on-the-water vessels has not developed as anticipated
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