The LNG industry is under no illusions about the scale of its carbon challenge. LNG projects are among the most emission-intensive energy assets globally and face growing pressure to decarbonise. This won’t come cheap. All available options to cut emissions push up the cost of delivered LNG. And after two years of gas market chaos, few buyers today are queuing up to pay a premium for lower-emission LNG. Carbon taxes could change everything. Europe is already on the case, with the EU extending its emission trading scheme to include shipping ...

Today, Liantie fell first and then rose, and still fluctuated strongly throughout the day.

China’s total import and export of goods expanded 5 percent year on year in yuan terms in the first quarter (Q1) of 2024, setting new records in both scale and growth rate, official data showed Friday. From January to March, the country’s foreign trade in goods stood at 10.17 trillion yuan (about 1.43 trillion U.S. dollars), according to the General Administration of Customs (GAC). Exports from the world’s second-biggest economy were 4.9 percent higher year on year to reach 5.74 trillion yuan, while imports rose 5 percent to 4.43 trillion ...

HMS Diamond will take over from HMS Richmond, which joined Operation Prosperity Guardian – the international coalition to protect commercial shipping from Houthi attacks – in February. Just this weekend, HMS Richmond successfully repelled a Houthi drone attack in the southern Red Sea, shooting down two attack drones using Sea Ceptor missiles. This is the first time a UK warship has fired a Sea Ceptor missile in combat. The deployment is part of the UK’s broader response to Houthi attacks, which has also included intercepting weapon-smuggling to Yemen, imposing sanctions ...

Russia’s leading tanker group Sovcomflot FLOT.MM is considering alternative shipping routes in case of further escalation of the crisis in the Red Sea, the TASS news agency reported on Tuesday. The United States and Britain launched a series of strikes on Yemen last week aimed at the Iran-backed Houthi militia, whose attacks on international shipping have disrupted one of the world’s most important trade routes since December. According to British maritime security firm Ambrey, last week the Houthis mistakenly targeted a tanker carrying Russian oil. Tass quoted Sovcomflot as saying ...

Global oil and shipping group, Monjasa, remains active in the market for second-hand tonnage following the acquisitions of three tankers earlier this year. Today, Monjasa reveals additional ownership of the two tankers, Monjasa Leader (68,589-dwt) and Monjasa Refiner (13,051-dwt) for floating storage and bunker operations in West Africa. Increasing number of owned vessels Since 2018, the number of Monjasa-owned vessels has increased from five to 13 to ensure highly specialised operational standards, while at the same time lowering overall operating costs. To realise the ambition of extended fleet ownership, the ...

NASDAQ-Adv: 2,635 Dec: 1,581 NYSE-Adv: 2,757 Dec: 1,184 (Source: Nasdaq)

Northwest European diesel barge refining margins rose sharply to about $41 a barrel on Friday on strong demand and despite rising regional stocks. There was brisk buying activity in the afternoon trading window with BP buying nearly 21,000 metric tons of diesel on barges. Gasoil stocks held in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 3% in the week to Thursday, their first rise in five weeks, data from Dutch consultancy Insights Global showed. Gasoil stocks rose to 1.92 million metric tons as imports into ...

SAAM Towage Peru recorded a new milestone by servicing the largest vessel to reach the west coast of South America. The Alexander Von Humboldt, belonging to the CMA CGM shipping company and part of the ACSA 1 service connecting Asia and South America, docked at the Port of Callao. The ship measures 396 meters in length, 53.6 meters in beam and has a capacity of 16,590 TEUs. Due to its size, the vessel required the assistance of three tugboats with a bollard pull capacity of 70 tons. The SAAM Towage ...

The end is nigh for the internal combustion engine Electric vehicles will be phased in across the next decade, with two-thirds of vehicles sold in the US by 2032 mandated to be electric. In California, 100% of cars will need to be electric by 2035. As a result, demand for the precious metals that are needed for EVs is forecast to increase significantly. Every solution creates its own challenges. Electrification is one of the answers to the net zero question, but it’s created an issue in itself – where are ...

Stolt Tankers is pleased to welcome the Bochem Houston to its Stolt Tanker Joint Service, bringing the number of ships in its deep-sea fleet to 84. The Bochem Houston is one of six newbuildings ordered from the CMJL shipyard in China by Belgian shipowner Compagnie Maritime Belge (CMB). Stolt Tankers reached an agreement with CMB’s chemical tanker division Bochem in June this year for the long-term time charter and pooling of the six 26,000 deadweight chemical tankers. The remaining five ships are expected to enter service in 2023 and 2024. ...

China’s exports, measured in terms of dollar value, plunged 12.4 percent in June from a year ago, data from the General Administration of Customs showed on July 13. The reading came in weaker than expected despite a high base during May-July last year. According to the consensus estimate from Wind Information Co Ltd, a Shanghai-headquartered financial data provider, China’s exports were expected to fall by 10.2 percent year-on-year in June, while growing 0.65 percent from the previous month. Overall, the reading stood at 7.7 percent in the first quarter. It ...

Today, Friday, June 09 2023, the Baltic Dry Index climbed by 15 points, reaching 1055 points.

The reopening of China and an economic recovery in Korea could shift the center of gravity in Asian stock markets to the north, away from India and ASEAN countries, according to a Goldman Sachs Research report. That shift has already started with north Asia’s strong equity market performance at the start of the year and could gather further momentum towards midyear as rate rises peak, markets begin to anticipate a global growth rebound in 2024, and the US dollar continues to weaken. At the market level, this may manifest in ...

Today, Thursday, February 02 2023, the Baltic Dry Index decreased by 28 points, reaching 640 points.