China Daily: Shipping Industry Woes
“China’s shipbuilding industry has been hit hard by the slump in world trade. According to the World Trade Organization,…
Reuters: Woodside: Asia LNG Demand Picking Up, Outlook Robust
“Demand for liquefied natural gas (LNG) in Asia-Pacific is showing early signs of a pickup and its recovery is…
Lloyd’s List: Chinese Tanker Ban Reduces Single-Hull Options
“China has confirmed that it will ban all single-hull tankers from January 1, further shrinking employment opportunities for the…
Fairplay: Rates Saved by Storage
“More economies are emerging from recession, albeit slowly. The oft-received wisdom is that re-emergent growth will feed oil demand…
Oil & Gas Jounal: Paris Summit Urges Investment for Future Gas Supply
“Natural gas is ‘complementary to renewables’ and ‘a key part of the solution to climate change’ in the developing…
Tradewinds: Crude Storage Trend Slackens
“Buying and storing cheap oil with the expectation of selling it at a future date for a big profit…
Marine Money: Watch the Greeks
“In 1995, Greece was the third largest flag state for tankers with over 200 vessels over 30,000 DWT registered. …
The Wall Street Journal: Shell Plans US$5B Floating LNG Off W Australia
“Royal Dutch Shell PLC (RDSB.LN) said Thursday it has commenced early-stage design work on what could be the world’s…
BunkerWorld: Fuel Efficiency To Become a Priority, Says Report
“Pressure to cut shipping’s greenhouse gas (GHG) emissions will drive shipowners to increase vessel efficiency, according to a report….
The Business Times (Singapore): Baltic Dry Index Sees Biggest Weekly Jump
“The Baltic Dry Index, a measure of shipping costs for commodities, had its biggest weekly jump in 11 weeks…