Tankers & Gas
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LNG shipping spot trade, already historically terrible, gets even worse
In LNG shipping, there’s nothing unusual about peak spot rates over $100,000 per day. LNG vessels are more expensive than other ship types and command high rates. Now, spot rates for some LNG carriers are down to a mere four figures per day. Spot rates have never been lower
Dark fleet tactics evolve as tankers take on multiple interchangeable digital identities
A Lloyd’s List investigation shows how vessels move seamlessly between identities using only digital information
Slithering through uncertainty: Shipping in the Year of the Snake
While some companies are scratching their heads over looming risks, others are gearing up to seize a once-in-a-lifetime opportunity to make a windfall
The trouble with volatility is it often proves volatile
Get ready to rock with Donald Trump, but shipping remains largely the sensible business of moving cargoes from port A to port B
CSSC-listed unit projects sixfold profit surge for 2024 amid shipbuilding boom
CSSC Offshore & Marine Engineering Co attributes the profit surge to increased orderbook value and improved productivity in its shipbuilding business. Higher returns from joint ventures and associate companies also contributed
Trump tariffs could see 70% drop in Chinese exports to US
The 45th and now 47th US president said he wants to impose tariffs of up to 60% on China on the campaign trail. If his wish comes to fruition, it could completely reorient global shipping
The week in newbuildings: Ordering activity muted
Newbuilding ordering activity has been relatively quiet since the beginning of the year with 55 new ships being reported, compared with 92 in the same period last year
The Houthis are still calling the shots in the Red Sea
The segments of the shipping industry that were either forced to reroute or freely chose to are not relying on naval escorts or diplomatic negotiations to decide on whether they will return, but are waiting for a signal from the Houthis themselves
Tanker stocks sink as sanctions-fuelled rally loses steam
Middle East Gulf-China forward freight agreements for VLCCs declined by 6% on Thursday, and tanker stock investors are becoming less confident in future upside from US sanctions
James Fisher orders newbuilding tanker quartet in fleet renewal push
UK shipowner James Fisher and Sons has ordered four ‘state-of-the-art’ dual-fuel tankers for an undisclosed price at China Merchants Jinling Shipyard
Frosty temperatures send chill down VLGC freight market
The Baltic Exchange BLPG Index is down 12.1% this week, in line with seasonal patterns amid frosty temperatures along the US Gulf and much of the nation. However, the index did gain back a bit of territory as markets closed on Friday, with mixed rate movements across the three main routes
Researchers warn on risk of stranded assets
Report warns green regulations could still turn conventional ships into stranded assets, since their severity will increase over time
South Korea’s ‘Big 3’ builders poised to post first collective annual profit since 2011
HD KOSE, Hanwha Ocean and Samsung Heavy are expected to report full-year operating profits collectively for the first time in 13 years, driven by a strong newbuild market
Iranian gas cargo discharged in Bangladesh after China U-turn
Amid reports that Chinese buyers are hesitant of running afoul of US sanctions, a VLGC likely carrying Iran-origin LPG to China made an unusual U-turn after spending two weeks at anchor in December
Shipping must be predictable if it wants to borrow
Leasing mechanisms are little different to mortgages at the end of the day, but owners must clear the psychological hurdle of not having their name on the deeds
MOL confirms VLEC newbuilds backed by Thai charter
New tonnage was recently ordered from South Korea’s Samsung Heavy Industries for long-term charter to SCG Chemicals, a subsidiary of Thailand’s Siam Cement Group
LNG shipping spot trade, already historically terrible, gets even worse
In LNG shipping, there’s nothing unusual about peak spot rates over $100,000 per day. LNG vessels are more expensive than other ship types and command high rates. Now, spot rates for some LNG carriers are down to a mere four figures per day. Spot rates have never been lower
Marinakis floats Greek media empire on stock market
Alter Ego Media includes leading Greek TV channel as well as prominent print and online media
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