A Shortage Of LNG Tankers Has Made Them The Most Expensive Ships To Hire

An unprecedented shortage of liquefied natural gas tankers has made them the most expensive ships ever hired to ferry commodities, reports Bloomberg.

Rise In Spot rates

Spot rates have more than tripled in the past month, with BP Plc last week paying $350,000 a day to charter an LNG tanker to pick up a cargo from the U.S. The previous high for any kind of commodity carrier was set in late 2019 when a crude supertanker was booked for daily earnings of $308,000, according to data compiled by...


SCF further expands transit window through the Eastern part of the Russian Arctic

SCF further expands transit window through the Eastern part of the Russian Arctic

The “Christophe de Margerie”

On 16 January 2021, at 20:20 Moscow time (17:20 GMT), SCF’s LNG carrier Christophe De Margerie, reached Cape Dezhnev in Russia’s Far East, completing her eastbound voyage carrying a cargo of LNG along the Northern Sea Route (“NSR”), for Yamal LNG, from the Port of Sabetta in the Russian Arctic to the Asia Pacific market.

For the first time ever, Russian LNG has been transported across...


Διώρυγα Παναμά: Σημαντικές καθυστερήσεις στις διελεύσεις LNG carriers

Μέχρι τον Μάρτιο είναι πιθανό να διαρκέσουν οι καθυστερήσεις στις διελεύσεις LNG carriers από τη Διώρυγα του Παναμά, καθώς η ζήτηση για υγροποιημένο φυσικό αέριο θα αυξηθεί κατακόρυφα τους επόμενους μήνες λόγω των ψυχρών καιρικών φαινομένων, σημειώνουν traders και κύκλοι της αγοράς.

Πιο συγκεκριμένα, δημοσίευμα του Reuters αναφέρει ότι τόσο οι τιμές του LNG όσο και οι ναύλοι για τα πλοία μεταφοράς έχουν φτάσει σε επίπεδα ρεκόρ, λόγω των περιορισμών στην προσφορά και της αυξημένης ζήτησης,...


LNG Cargo Prices Rise To Unforeseen Heights

  • The combination of a severe cold snap in Asia, supply outages and maritime congestion has propelled spot prices for LNG to previously unforeseen heights.
  • The North Asian price benchmark has now risen 18-fold in less than nine months, outperforming other commodities — even Bitcoin.
  • Winners in this rally include Exxon Mobil Corp., which sold a cargo last week for a record $130 million to Japan, and Total SE, which secured $126 million.
  • Royal Dutch Shell Plc and Houston-based Cheniere Energy...


Singapore’s Maritime Industry Comes Out On Top Despite COVID-19 Hurdles

The Port of Singapore has performed well despite the challenges posed by the global coronavirus pandemic, and is on track to achieve its targets around maritime decarbonization while also promoting digitalization and enhancing inter-modal connectivity, Chee Hong Tat, Senior Minister of State, Ministry of Transport and Ministry of Foreign Affairs, said , reports S&P Global.

The world’s largest bunkering port

Singapore retained its position as the world’s largest bunkering port in 2020, recording...


Total Buys French Biogaz, A Step Away from Fossil Fuel

Total, a French energy company’s acquisition of a major biogas producer in the country will help to boost its ability to supply bio-LNG as a marine fuel, according to the head of its bunkering unit, says an article published in Ship&Bunker.

The Company’s plan idea

On the previous Monday, Total announced the acquisition of Fonroche Biogaz, the largest producer of renewable gas in France. The company now plans to produce 4-6 TWh/year of biomethane by 2030.

A LinkedIn post

“This is an important step...


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