A fleet of container vessels is up for sale as a company backed by Greece’s Evangelos Marinakis switches its bets to LNG shipping.
A leading exec in liquefied gas shipping gives his take on war in the Middle East, market fundamentals and shipping stocks.
Spreads between high- and low-sulfur fuels are down to pandemic levels and LNG has become much more economical.
Shipowners have invested billions in the LNG fuel option in the belief that it will benefit regulatory compliance and the environment.
Europe faced a potentially disastrous energy shortage after war broke out. LNG shipping played a vital role in limiting the fallout.
7,1 millones de TEUs en pedidos frente al anterior récord de 6,6 millones en 2008
With war raging and pipelines sabotaged, shippers are paying astronomical sums to transport LNG across the oceans.
Las tarifas de los fletes de los buques de gas natural licuado alcanzan alturas ‘vertiginosas’
The Russia-Ukraine war caused demand for LNG to surge. Owners of LNG carriers are in prime position to profit this winter.
U.S. LNG cargoes were already flooding toward Europe months before the new deal. Real progress seems years away.
A FreightWaves roundup of oil markets and other supply chain news related to the Russian invasion of Ukraine.
Spot rates topped $300,000/day, sank to teens, rose to over $360,000, now back near $100,000.
CEO Rodolphe Saadé says the CMA CGM Group is acquiring Fenix Marine Services to effectively manage its West Coast port operations.
The Energy Observer is on a seven-year cruise to publicize the role alternative energy could play in the shipping industry.
The costs to electrify freight rail in the U.S., albeit expensive, extend beyond strictly capital costs to questions about electric grid reliability and how best to address decarbonization.
Though maritime shipments of LNG are routine today, it was only 62 years ago that the first shipment of LNG occurred.
In an interview with FreightWaves, SSI Executive Director Andrew Stephens talks about zero-emission shipping fuel and sustainability challenges.
The groups say more federal oversight is needed for the transport of liquefied natural gas by rail.
The Jacques Saadé is the first of nine vessels designed to reduce CMA CGM’s environmental footprint.
Foreign-flagged tanker receives 225 metric tonnes of LNG at the Talleyrand Marine Terminal in Jacksonville, Florida.
The rule seeks to address Democrats’ concerns about the safety measures the railroads would take in transporting liquefied natural gas.
Warning sign for tanker investors as US crude exports begin to reverse course.
LNG growth expected to double by 2040; shipment volumes in U.S. plunge y-o-y; grocers take control of shelf space.
A new book places IMO 2020 in the context of a potential “third revolution” for shipping.
The approval comes amid some objection by Congressional Democrats and a wider proposed rulemaking on the same issue.
What was behind the historic rise and sudden fall in global LNG floating storage?
Shipping liquified natural gas by rail is a controversial topic. Read what Jim Blaze thinks about the idea in his latest commentary.
At 400 meters in length, the CMA CGM Jacques Saade has capacity for over 23,000 containers.
UPS was an early adopter of LNG, now it has its sights set on RNG.
New European study of popular LNG truck models show that they release 2 to 3.5 times more poisonous NOx gases than an average diesel truck.
MOL continues its foray into experimenting with LNG with an innovative LNG-powered tugboat; meanwhile, MOL’s LNG-bunkering business signs deals around the world.
Final investment decisions for new global LNG export plants are surging, a negative for future thermal coal demand.
LNG shipping rates are being driven by seasonal issues. Box shipping rates are behaving counter-seasonally.
Polaris New Energy is building a bunker barge to bring LNG to the growing number of cruise and cargo being powered with natural gas.
It’s hard to see a structural recovery in natty gas prices.
The Energizing American Shipbuilding Act seeks to revive domestic shipbuilding and maritime industries.
Low pricing will speed up Europe’s transition from coal to gas, according to Morgan Stanley.
It’s hard to blame the skeptics, given what has happened in the past, but dry bulk freight rates are getting pretty impressive.
Some believe the pace of regulatory and technological change is causing owners to pull back from newbuilding contracts.
Beemac Logistics, a Beaver, Pennsylvania-based transportation and logistics provider, has opened a new office in Houston to better serve clients in the region, said chief commercial officer Michael Ceravolo. Beemac […]
Japanese company Inpex (TSE: 16050) has today announced that it has filed a revised plan of development for the US$18-$20 billion Abadi Liquefied Natural Gas Project. The revised plan is […]
One of the highest-profile owners in ocean shipping expounds LNG’s appeal.
New Fortress Energy wants LNG transport efficiency using tank cars
Suezmax tankers can carry half as much crude as VLCCs, but now command twice the VLCC rate.
Bringing spot vessels together into a pooling arrangement made sense, but ultimately, business interests diverged.
Switch to long-term coverage that began in 2016 continues to pay off in 2019.
Investor concerns are intensifying over the fate of George Prokopiou’s publicly listed LNG partnership.
With each passing day, it seems the U.S. LNG export sector is gaining further momentum.
There are some positive signs for shipping rates, but overall, disappointment prevails.
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.
China’s new list more than doubles the tariff on LNG, but it’s the dry bulk stocks that are feeling the pain.
Government approval has been given for the construction of a $250 million (US$175 million) liquefied natural gas import terminal at Port Kembla, 44 miles to the south-south-west of Sydney, Australia. The country is facing a shortage of gas and record high prices, which is somewhat ironic because Australia is likely the world’s biggest exporter of gas.
Ten-year waiver to move U.S. LNG to Puerto Rico is off the table – for now.
As GasLog Partners reported its quarterly earnings, its CEO commented on prospects for both spot and long-term charter markets. He optimistically believes current spot weakness will be short-lived, and that rates will be driven higher by the wave of new liquefaction projects coming onstream.
A top executive of the Panama Canal Authority outlines the prospects for LNG, LPG and crude/product tanker transits through the larger locks of the waterway.
Brisbane, Australia-based construction company Watpac has been contracted to provide design, engineering and construction services to EPIK, a South Korean liquefied natural gas (LNG) developer for the construction and placement of a floating storage regasification unit (FSRU) at the Port of Newcastle in New South Wales, Australia. Watpac is a subsidiary of Belgian multi-disciplinary engineering company, Besix.
Uber spends over $1 billion every year on Waymo; Lyft is nearing its IPO; Fiat recalling 863,000 cars due to emissions issues.
Residents of Northeastern states are struggling with increased electricity costs and an unreliable energy supply as elected officials contemplate expanding natural gas pipelines in the region.
Germany’s Federal Minister for Economic Affairs and Energy Peter Altmaier announced earlier this week that European nations were ready to build the necessary infrastructure to import liquefied natural gas (LNG) from the U.S. At this time, Europe has 28 ‘regasification’ import terminals.
New icebreaking LNG carriers are sailing directly from Russia to China through the Northern Sea Route, creating a faster, cheaper connection between some of the world’s largest gas fields and the world’s largest gas consumers.
Eastbound containers and westbound LNG drove record Panama Canal volumes in May. Last month was the third time the canal has broken tonnage records since the expansion was completed in 2016.
U.S. Xpress goes public; retail sales numbers explode for May; BNSF seeks positive train control delay; Brussels airport goes to blockchain for air cargo management; American LNG exports expected to benefit the entire economy.
The technology and product offerings for LNG/CNG Class 8 trucks are well ahead of battery-electric vehicles. Rising diesel prices may spur another wave of natural gas-powered truck adoption.
LNG carrier charter rates have posted the strongest recovery since the 2015-6 crash in maritime shipping, and 9.7% YOY growth in capacity hasn’t been enough to keep up with demand.
The burning of natural gas instead of coal offers important and immediate benefits, including reduced air and water pollution, fewer smokestack carbon emissions, less power plant water use, greater flexibility of the power grid, and renewed economic development in gas-rich regions of the country.
