Tankers & Gas
Chinese counter-sanctions seen as shipping's next big risk
Rising tension between the US and China could again place international shipping at the apex of extra-territorial sanctions and conflict between the two countries
Tanker depression pushes owners to idle vessels
Lloyd’s List Intelligence data shows that at least 39 unladen VLCCs are at anchor off the southeastern coast of Malaysia and the Strait of Malacca. Not all are being idled, but more owners are expected to go down that path to reduce the bleeding should the dreadful market conditions continue
China’s use of strategic oil reserves may add to tanker woes
The phased release by China of crude from its strategic stocks appears to be bearish for broader tanker markets, says Braemar ACM. But it also highlights recovering crude demand, which should encourage shipowners
SFL Corp buys suezmax trio in ‘counter-cyclical’ move
Trafigura likely part of deal, with oil trader’s shipping arm involved in sale and leaseback deals with another related Fredriksen shipowner
Hurricane Ida impact disrupts US tanker movements
A number of ports, from New Orleans, Mobile, Baton Rouge, Pascagoula to Mississippi, remain closed until further notice
Nigerian refinery to have ‘major impact’ on tanker market
Poten’s Erik Broekhuizen said that the Dangote refinery will dramatically change the crude oil and refined product balances in Nigeria and the wider West Africa region
China and US ‘lead tanker market turnaround’
Hafnia and Evercore have cited the drawdown of the land-based surplus of crude and products as positive for tanker markets
Hafnia gets $374m sustainability-linked loan
The product tanker owner agrees with 10 banks on its first ever syndicated sustainability-linked financing deal. Its fleet’s emissions performance will affect future margin adjustments
Vessels sell-off lifts Maersk Product Tankers to record profit
How quickly and effectively coronavirus vaccine is rolled out globally will determine timing of the rebalancing oil tanker market, company says
Texas winter freeze lifts product tanker rates
‘This is a significant impact to one of the world’s largest concentrations of olefins capacities, just under 20% of the global total, and tops recent disruption seen in August 2020 from Hurricane Laura,’ WoodMac’s analyst says
Delays at Panama Canal to increase VLGC demand by 12%
Poten’s LPG consultant Shantanu Bhushan estimates that liquefied petroleum gas exports from the US may require around 163 VLGCs this year due to the current waiting period in the canal, which is up 12% as compared with the previous year
Kawasaki secures dual-fuel VLGC from Eneos Ocean
According to the Japanese shipyard, the advantage of this dual-purpose vessel is its capability to simultaneously carry LPG, which is already used as a low-carbon energy source, and liquefied ammonia, a new fuel contributing to the establishment of a decarbonised society
Hurricane Ida impact disrupts US tanker movements
A number of ports, from New Orleans, Mobile, Baton Rouge, Pascagoula to Mississippi, remain closed until further notice
DNV sees maritime energy transition gaining momentum
DNV said it was hard to identify clear winners among the different fuel options across all scenarios, but ammonia and bio-based methanol were the most promising carbon-neutral fuels in the long term
Inpex ships carbon-neutral LNG to Toho Gas
Inpex says that the carbon footprint of the liquefied natural gas shipments is offset using carbon credits applied to greenhouse gas emissions across the entire natural gas supply chain
Hurricane Ida impact disrupts US tanker movements
A number of ports, from New Orleans, Mobile, Baton Rouge, Pascagoula to Mississippi, remain closed until further notice
DNV sees maritime energy transition gaining momentum
DNV said it was hard to identify clear winners among the different fuel options across all scenarios, but ammonia and bio-based methanol were the most promising carbon-neutral fuels in the long term
No alternative to LNG as transition fuel, says V.Group
Critics of LNG dismiss it as another fossil fuel. However, unlike ammonia or hydrogen it is available, its qualities are proven, it has a good safety record, the infrastructure is in place and its risks are understood
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