Tankers & Gas
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Record LNG carrier rates as charterers adapt to Europe’s energy crisis
Profit in excess of $100m per cargo sees charterers secure sufficient tonnage to ensure winter capacity
US Gulf benefits as Europe pivots from Russian crude
Changes in European trade flows have altered the dominant types of vessels used in the market, with VLCCs making a return
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
Furetank boosts Vinga-class tanker orderbook
New 17,999 dwt tanker is due for delivery in July 2024 and will be able to utilise LNG or liquefied biogas for main propulsion
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
Evalend orders up to five VLGCs in Korea
Move brings Evalend orderbook to eight firm VLGCs with an additional four mid-size LPG carriers under construction
BW Epic Kosan expects 3.9% growth in LPG seaborne trade
Impact of energy costs, including LPG, upon developing economies such as Sri Lanka, are a cause for concern, company says
China’s LPG imports show moderate rise
The moderate rise in Chinese LPG imports can be attributed to lower operating rates at propane dehydrogenated plants and crackers, coupled with delays in new project start-ups, according to consultant
LPG: Looking to China for demand boost
Globally, the LPG trade is expected to rise by 3.9% in 2022 to 116.9m tonnes
Daily Briefing September 26 2022
Why it’s time to stop talking about shipping decarbonisation | The Lloyd’s List Podcast: Where is shipping in the zero carbon transition? | Record LNG carrier rates as charterers adapt to Europe’s energy crisis
Dynagas Partners says charters continue to perform
Partnership posts second-quarter earnings in line with expectations
LNG carrier rates gain as Europe and Asia compete for cargoes
Number of LNG carriers available for spot market charter remains tight, further adding to pressure on rates ahead of winter
LNG carrier spot rates soar as winter demand kicks in
The Baltic LNG index has doubled since the end of July given continued demand in both Europe following a drop in trade with Russia, and Asia, with the biggest gains coming from the US Gulf to Japan route
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