World’s largest floating storage and regasification unit (FSRU), MOL FSRU Challenger, has arrived in Hong Kong where it will serve the offshore LNG terminal that is due for final commissioning soon. MOL FSRU Challenger. Image: CLP Power/HK Electric According to CLP Power and HK Electric, the power companies that are jointly developing Hong Kong’s first …
Engie Global Energy Management & Sales has delivered its first vessel at the new Eemshaven floating LNG terminal in the Netherlands. Courtesy of EemsEnergyTerminal The company said it is significantly increasing LNG imports into Europe and remains committed to providing a secure supply of energy to its clients. “We are confident that our growing activity …
Eemshaven LNG terminal sees first delivery by Engie Read More »
The Danish Energy Agency has published the preliminary energy statistics for 2022, outlining that natural gas consumption declined last year due to price volatility in response to the global energy crisis. On the other hand, oil and renewables were on the rise in the energy consumption mix. Illustration; Source: The Danish Energy Agency According to …
The intensification of Tropical Cyclone Ilsa into a Category 4 storm off the coast of Western Australia has kept market participants in watchful mode as shipping schedules and loading operations risk facing delays. Sources said the uncertainty of the impact of this tropical cyclone may weigh on Pacific freight rates and could see more ships …
Cyclone in Western Australia weighs on Capesize freight rates; threatens cargo loadings Read More »
Shipping is the most carbon efficient means of transportation (on a CO2 per ton-km basis – see figure 1 below). However, global shipping still accounts for 1 billion tons of CO2 per year, which is ca.3% of annual global GHG emissions. Unsurprisingly, the largest source of carbon emissions comes from fuel combustion for propulsion. Fossil …
Green shipping: a $1.9tn investment opportunity? Read More »
In the charterparty dispute London Arbitration 2/23, (2023) 1129 LMLN 2, the arbitral tribunal rejected the owner’s claim for damages for breach of the safe port warranty in a time charterparty, after a laden bulk carrier grounded at the entrance to the port of Chaozhou, China, while under compulsory pilotage. It also held that the …
U.S. container import volumes in March 2023 increased significantly from February 2023, largely driven by activity at the Ports of Los Angeles and Long Beach, which kept the trendline aligned with pre-pandemic 2019 volumes. Despite overall volume increases, delays stabilized at all ports. Imports from China continued their downward trend. COVID continues to be a …
Top West Coast Ports’ Share of March Volumes Increases Significantly Read More »
According to the Paris Agreement CO2 emissions shall be reduced as to limit the global warming to well below 2°C, preferably max 1.5°C. By 2050 the Paris Agreement aims to reduce global warming to 1.5°C resulting in a net-zero carbon emission society. In order for this to be achieved, a medium term political target of …
KNUD E HANSEN Announces Development of CO2 Tanker Read More »
Asia’s high sulphur fuel oil (HSFO) market eased on Wednesday, though expectations of steady feedstock demand this quarter limited declines. Singapore’s spot 380-cst HSFO premium dipped to $7.50 a tonne, while the market’s front-month refining margin fell to a discount of $11.02 a barrel at the Asia close (0830 GMT). Despite this, the hi-5 fuel …
HSFO eases, but steady feedstock demand limits declines Read More »
Global LNG logistics company Atlantic Gulf & Pacific (AG&P) has received the first LNG cargo for the first LNG import terminal in the Philippines. Screenshot. Source: AG&P The commissioning cargo for the Philippines LNG (PHLNG) terminal was delivered on board the 162,000 cbm LNG carrier Golar Glacier. This was the country’s first-ever LNG cargo and …
WATCH: First LNG cargo arrives in the Philippines Read More »
