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LNG sails for an unprofitable summer

The unprofitable conditions are expected to continue until October or November, when the seasonal rise because of the northern hemisphere winter is expected to lift rates

International Tankers and Gas LNG

Latest Articles

Crude Tankers

Cosco sets up tanker unit in Hainan to support national strategy

CSET says the arrangement is an important step for the company in implementing the national maritime strategy to turn Hainan into a large free trade port 

Asia Pacific Tankers and Gas

TEN orders up to three suezmax shuttle tankers

The move will double TEN’s presence in the shuttle tanker sector. This is a niche area within the shipping industry with very high barriers to entry, which can help to boost profits

Greece Tankers and Gas

Vitol to run bunker operation for major Caribbean terminal

Prostar earlier this year announced it was investing $100m for storage tank upgrades at the terminal

US States Tankers and Gas

Stranded Cosco VLCC waits for rescue off South Africa

Vessel had no cargo on board when the incident occurred

Tankers and Gas Casualty
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Product Tankers

Asia-Pacific oil products demand expected to fall

Oil products demand in Asia-Pacific is expected to fall by 1.8m barrels per day year on year in 2020, according to consulting firm Wood Mackenzie 

Asia Pacific Products

Hafnia seeks dialogue after Ardmore rejects ‘takeunder’

The two companies’ chief executives open up on the failed merger attempt that would have created the world’s large product tanker operator

Products Energy

US acts to seize cargoes on four Venezuela-bound Iranian tankers

The four vessels have turned off their identification systems since May and their whereabouts are unknown, but it is unclear how they might be seized unless they enter US territorial waters

International Tankers and Gas

Stolt-Nielsen prepares for tougher times ahead

The company increased contract coverage at better rates to protect its revenue base

International Tankers and Gas
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Jiangnan Shipyard clinches VLGC trio from AW Shipping

AW Shipping is a joint venture between China’s Wanhua Chemical Group and Abu Dhabi National Oil Co

Tankers and Gas Shipbuilding

Qatar’s LNG shipping arm boosts profit

Doha-based Nakilat says there have been no disruptions to its business despite the ‘ongoing challenges’ of the coronavirus pandemic

International Qatar

VLGC supply-demand pressure seen continuing

Poten expects to see significant increase in global seaborne supply of LPG with total exports at slightly above 111m tonnes in 2020 and less than 113m tonnes in 2021

International Tankers and Gas

China adds plants to fuel LPG recovery

Dorian expects 20 planned projects to add around 11.9m tonnes per annum of LPG demand through 2023

China Tankers and Gas
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LNG shipping demand up in the air as traders enter market

Many inquiries have come in for winter shipping requirements but charterers want shorter tenors than what shipowners desire, says Poten & Partners

International Tankers and Gas

Japan launches first LNG-VLSFO bunker tanker

Tanker is owned by a joint venture of Sumitomo Corp, Yokohama-Kawasaki International Port Corp and Uyeno Transtech

Japan Tankers and Gas

Greece move prompts GasLog Partners leadership change

Savings expected to be about $3m annually from a reduction in overheads at the partnership come in addition to an estimated $6m yearly that has already been carved off the costs of GasLog Ltd

International Gaslog

Pandemic overhang clouds LNG uptick in second half

The threat of a second coronavirus wave has dampened LNG demand and depressed prices to persistently low levels, which is not supporting ramp-ups at liquefaction plants

Mid-Year outlook Lloyds List magazine
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