Ageing tanker fleet to spur new builds War risk premia unchanged on year Tanker earnings may fall despite wars Global tanker freight rates are expected to be subdued for the rest of 2024 because of sl Source
Year: 2024
INTERVIEW: Eni aims to boost contracted LNG portfolio to 18 MMt/year, double shipping fleet
Shifting focus to Asia with demand growth, new output from Indonesia To take FID for 2nd Mozambique floating LNG facility by year end JOGMEC deal sought to supply Japan diversified LNG with flexibilit Source
UK front-month gas prices surge to premium over TTF on demand and LNG expectations
NBP month ahead premium sustained on expectations of demand pickup British gas consumption increases by 32% on year in October UK to record sustained LNG imports in the long term: analyst Natural gas Source
OIL FUTURES: Crude rises amid escalating war premiums, Hurricane Milton continues
Iran's energy infrastructure faces risk, analysts say Hurricane Milton disrupts energy delivery links US crude inventories swell less than expected Crude oil futures jumped in Asian mid morning tradin Source
INTERVIEW: Italy’s Fratelli Cosulich diversifying bunker barge fleet amid multi-fuel future
LNG bunker fuel demand could hit 10 MMt/year before 2030 Company considering investing in third LNG bunker barge To have five methanol , biofuel ready bunker barges soon Genoa based Fratelli Cosulich Source
Ship in Red Sea damaged by unknown projectile, UKMTO reports
First reported attack since Oct 1 Crew safe, ship continues to port Tanker costs climb A ship in the Red Sea near Eritrea was damaged after being hit on Oct. Source
India plans for cleantech ramp-up, but faces gaps in innovation, infrastructure and policy risks
RIncreasing concerns about energy security and urges to restore global manufacturing are spreading. Source
CONTAINERS QUARTERLY: European spot rates plummet after early peak season surge
Asia Europe FAK rates fall more than 50% on westbound lanes European markets brace for upcoming long term contract negotiations Carriers release further details on new alliance collaborations Bearish Source
Singapore’s MPA may grant new LNG bunker licenses by end-2024: sources
More participants to enhance transparency, competitiveness LNG bunkering prospects strong as other alternatives take time to develop Boost to LNG infrastructure via barges, additional supplies The Mar Source
DRY BULK QUARTERLY: Tonnage oversupply, tepid demand stall Atlantic Panamax market
Panamax rates underperform compared with Q3 2023 Freight market impacted by weak fundamentals, delays in US Gulf grain exports The Platts KMAX 9 Index, which tracks the earnings of Kamsarmax class bul Source