Stronger international collaboration on renewable energy could reshape shipping markets

Countries should work harder to develop interconnections for renewable energy, allowing multiple nations to share larger production capacity and build stronger markets, according to a new report from a new group aiming to reshape major charter markets and accelerate the development of green fuels...

https://www.offshore-energy.biz/stronger-international-collaboration-on-renewable-energy-could-reshape-shipping-markets/

Asian traders, refiners anticipate up to 10 cargoes/month of Malaysian Kimanis crude in 2023

Malaysia’s Kimanis crude is poised to cement its position as one of East Asia’s most liquid sweet crude grades available in the regional spot market after Malaysia’s state-run oil and gas company Petronas announced successful production at the Gumusut-Kakap Phase 3 deepwater development project,...

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/100422-asian-traders-refiners-anticipate-up-to-10-cargoesmonth-of-malaysian-kimanis-crude-in-2023

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

photo of an LNG ship

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

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