LNG shipping Archives - Page 2 of 7 - Maritime Shipping News

One year later: How Ukraine-Russia war reshaped ocean shipping

25 February 2023

“It’s like when you were a little kid and played a game where you laid siege to a castle and you surrounded it, trying to starve the people out. But in this siege — Russian sanctions — half the castle has been left unsurrounded. They can just open the doors and get resupplied with food and trade every day,” said Robert Bugbee, president of Scorpio Tankers (NYSE: STNG).

One year ago, Russia invaded Ukraine. Bugbee’s comments, delivered at the Norwegian-Hellenic Chambers of Commerce shipping...

https://www.freightwaves.com/news/one-year-later-how-ukraine-russia-war-reshaped-ocean-shipping

Rough start to 2023 for dry bulk, tanker, gas, container shipping

23 January 2023

A photo of a crude tanker; shipping rates have recently fallen.

googletag.cmd.push(function() { var gptSlot = googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[728, 90], [468, 60], [300, 100], [320, 50]], ‘div-gpt-ad-b1-i-fw-ad-1’).defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-b1-i-fw-ad-1’); });

“Spot rates are off to a slower start in 2023 across most shipping segments,” conceded Jefferies...

https://www.freightwaves.com/news/rough-start-to-2023-for-tanker-dry-bulk-gas-container-shipping

What Does The Insane $500,000 Per Day Charge For Shipping Indicate?

22 November 2022

Credit: Timelab Pro/Unsplash

Demand for ocean transportation is typically expressed in “ton-miles,” which are volumes times distance. Here is a conundrum, then: Due to the fact that most cargoes from the United States are being pushed to war-torn Europe rather than travelling farther to Asia in 2022, the ton-miles for shipping liquefied natural gas have decreased. Yet spot prices for LNG shipping have soared to Guinness Book records of up to $500,000 per day.

How is this possible?

This paradox was...

https://mfame.guru/what-does-the-insane-500000-per-day-charge-for-shipping-indicate/

What do crazy $500,000-per-day rates say about shipping demand?

21 November 2022

Ocean shipping demand is traditionally measured in “ton-miles”: volumes multiplied by distance. So, here’s a paradox: Ton-miles for liquefied natural gas shipping have fallen in 2022, because most cargoes from the U.S. are being pulled to war-stricken Europe instead of going longer-haul to Asia. And yet, LNG shipping spot rates have skyrocketed to Guinness Book levels of up to $500,000 per day.

How is this possible?

This paradox was addressed at the Marine Money New York Ship Finance Forum on...

https://www.freightwaves.com/news/what-do-crazy-500000day-rates-say-about-shipping-demand

Chaos theory: How tankers thrive amid energy crisis and war

19 November 2022

Global crises and geopolitical chaos are bad for most businesses. Not so in industries like defense and energy shipping. Go to a commodity shipping conference in troubled times and you’ll hear a lot about how bullish all that trouble is for freight rates.

The focus at Marine Money’s New York Ship Finance Forum on Thursday was on the worsening global energy crunch, the war in Ukraine, looming sanctions on Russia, the evolving situation in China — and how phenomenal the rate outlook is for tankers...

https://www.freightwaves.com/news/chaos-theory-how-tankers-thrive-amid-energy-crisis-and-war

LNG shipping rates ‘shooting for the stars’ at $500,000 per day

3 October 2022

On Sept. 26, Pareto analyst Eirik Haavaldsen predicted that liquefied natural gas shipping rates could top $1 million per day in the fourth quarter. At least some deals are already halfway there, according to a report on Monday.

Paying a million a day may sound crazy. But it all comes down to the profit a shipper can make on a cargo. If a shipper can make $200 million in profits moving a single shipload of LNG, it will pay six figures a day in freight. Or if Pareto is right, seven.

New high for...

https://www.freightwaves.com/news/lng-shipping-rates-shooting-for-the-stars-at-500000-per-day

LNG shipping rates top $100,000/day, oil tanker rates still rising

14 September 2022

map showing location of LNG shipping carriers

In a typical year, winter demand in the Northern Hemisphere pumps up rates for tankers carrying crude oil, refined products and liquefied natural gas. As this summer comes to a close, tanker rates are already up to levels typically seen when snow is falling.

Six-figure LNG shipping rates

LNG shipping is being heavily impacted by the Ukraine-Russia war, which dramatically increased demand for shorter-haul voyages from the U.S. Gulf to Europe. A large share of U.S. LNG continues to flow to Europe,...

https://www.freightwaves.com/news/lng-shipping-rates-top-100000day-oil-tanker-rates-still-rising

Shipping’s China syndrome: Demand sinks across multiple cargo markets

10 September 2022

In the mid-2000s, when shipping stocks first became popular on Wall Street, the shares were commonly bought as a play on China’s economy. China is pivotal to ocean shipping, whether it’s container ships, oil tankers, bulkers or gas carriers.

“There’s a saying that everything that moves out of China in containers has to come into China as raw materials,” noted Oeyvind Lindeman, chief commercial officer of Navigator Gas (NYSE: NVGS), on his company’s latest conference call.

Ominously, signs of...

https://www.freightwaves.com/news/shippings-china-syndrome-demand-sinks-across-multiple-cargo-markets

Price of LNG goes stratospheric. Will LNG shipping rates follow?

24 August 2022

Liquefied natural gas shipping is a freight market like any other, albeit with a lot more zeros on the end of its numbers. Day rates in LNG shipping are in the six figures. Profits on a single cargo can be in the nine figures.

“Welcome to the stratosphere of LNG prices,” commented Stifel analyst Ben Nolan on today’s market conditions.

The European hub price of natural gas, TTF, hit $84 per million British thermal units (MMBtu) on Monday. “This is close to $500 per barrel of oil equivalent,” noted...

https://www.freightwaves.com/news/price-of-natural-gas-goes-stratospheric-will-lng-shipping-rates-be-next

Five years on Wall Street: Shipping’s exits, arrivals, whales and minnows

15 August 2022

photo of NASDAQ, where more shipping stocks are listing

There were high hopes in the 2000s and even the 2010s that ocean shipping would evolve into something more than a niche trading and investing space on Wall Street.

The hope was that consolidation would whittle down the crowded field to a few large-cap whales with business models that worked across cycles and garnered the respect of larger investment funds. The reality over the past half-decade: Consolidation is coinciding with larger-cap shipping stocks going private. And the field of shipping...

https://www.freightwaves.com/news/five-years-on-wall-street-shippings-exits-arrivals-whales-and-minnows

+ More