Tankers & Gas
Stay informed with the latest news, analysis, and insight impacting the crude, LNG, and LPG sectors through our expert coverage
US targeting of Iranian oil shipments continues as major front is hit by sanctions
The US is continuing to slap sanctions on ships and companies facilitating sales of Iranian oil for the benefit of the regime’s armed forces. Almost 30 vessels have been targeted by Ofac since the year began
Record volumes of Russian oil shipped outside the West’s reach after sanctions crackdown
Just 39% of tankers calling at Russian ports over February had marine insurance with the International Group of P&I clubs, a proxy for sanctions compliance with the G7 oil price cap — the lowest number since it was implemented 14 months ago
Shipping swings at geopolitical curveballs on decarbonisation path: NYK chief
Soga describes his experience over the past year as the commander-in-chief of the Japanese shipping and logistics group as constantly swinging at pitches in a batting cage, overwhelmed with unexpected events
India allows three more Russian entities to provide marine insurance
Move will facilitate imports of crude in face of Western price cap
Why increasing North Korean shipments have sparked sanctions scrutiny concerns
Deepening diplomatic ties between Russia and North Korea has increased clandestine maritime oil-for-arms trades between the two states, but that comes as Russia is seeking to end UN scrutiny of sanctions compliance and illicit maritime activity
Reading the tanker tea leaves: Stronger for longer amid geopolitical ‘lollapalooza’
So far, so good for tankers in 2024. Stock valuations imply that some investors remain unconvinced, but the industry view is that the rally still has legs
China Merchants yard wins order for up to 10 chemical tankers
Latest order brings Jinling Dingheng shipyard’s backlog to 45 vessels
Shipping markets no longer just about supply and demand, says Norden’s Rindbo
‘The ability to stay nimble to react to changes in shipping markets is more important than ever,’ says Norden chief executive
Resurrected New Jiangzhou Shipbuilding bags tanker order from Danish shipowner Simonsen
The revived Chinese shipbuilder has more than 20 vessels on its orderbook backlog
Houthis poised to ramp up Red Sea attacks following recent lull
Whether naval operations have degraded Houthi capabilities or the Iran-backed militants were simply regrouping, the latest warnings suggest that a resurgence of attacks targeting vessels in the Red Sea is imminent
Gas carrier fleet shipping Iranian LPG expands as exports boom
Scrutiny of Iran’s sanctioned energy trade tends to centre on the oil exports and the dark fleet servicing it. However, robust Chinese demand, coupled with growing Iranian output and deep discounts have propelled Iran’s liquid petroleum gas exports far above pre-sanctions levels, helped by a growing fleet of ageing gas carriers
BW LPG secures approval for US listing
Announcement comes after fellow BW Group-controlled Hafnia began trading on the NYSE earlier this month
LNG carriers would lose but VLGCs could gain in Hormuz closure scenario
Oystein Kalleklev, CEO of Avance Gas and Flex LNG, speaks in-depth on geopolitical risk, the Panama Canal and market trends for LPG and LNG shipping
The week in newbuildings: China continues to win bulk of orders
Newbuilding contracts for seven dry cargo carriers, four containerships, six MPVs, one deck cargo carrier, two heavy lift ships, eight gas carriers and eight tankers were signed in the past week
Wärtsilä chief says shipyard capacity slowly improving
LNG carrier segment experiencing major bottleneck, but other segments have more shipyard capacity
Hanwha Ocean racks up Q1 profit backed by strong growth in LNG carrier business
LNG carrier sales and the weak Won have contributed to the turnaround
Hanwha Ocean partners with ammonia start-up Amogy
Amogy, supported by investors from South Korea and Japan, has been expanding its presence in maritime applications with its ammonia-to-electricity module
BW LPG secures approval for US listing
Announcement comes after fellow BW Group-controlled Hafnia began trading on the NYSE earlier this month
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