Biden-EU energy pact: LNG shipping game changer or wartime hype?
U.S. LNG cargoes were already flooding toward Europe months before the new deal. Real progress seems years away.
U.S. LNG cargoes were already flooding toward Europe months before the new deal. Real progress seems years away.
The ocean shipping boom is spreading across vessel types. Spot LNG shipping rates just topped $150,000 per day.
An LNG ship is now earning more than any other vessel in history. Extreme weather in Asia has propelled LNG rates into the stratosphere.
New pact is a plus for tankers, bulkers and box ships, but less so for equities.
Capital constraints should keep ocean shipping capacity in check, a plus for rates.
Headlines have highlighted booming VLCC rates, but spot LNG shipping rates have now taken the crown.
U.S. sanctions targeting Iranian crude aboard Chinese ships ensnare Canadian-headquartered, New York-listed owner of Bahamas-flagged vessels carrying Russian cargoes via Arctic Sea.
Capital-market sentiment is so bad in New York that ship owners may end up raising more money in Oslo this year.
LNG shipping rates are being driven by seasonal issues. Box shipping rates are behaving counter-seasonally.
Bringing spot vessels together into a pooling arrangement made sense, but ultimately, business interests diverged.
With each passing day, it seems the U.S. LNG export sector is gaining further momentum.
Golar LNG Ltd is spinning off a new public entity. Flex LNG is coming too. Shipping’s US-listed field is getting even more crowded.
Stocks of publicly listed ship owners, particularly in the dry bulk sector, are feeling the fallout of trade tensions.