The Shanghai Waigaoqiao Shipbuilding Corporation (SWS) under China State Shipbuilding Corporation (CSSC) delivered a 114,000-ton oil tanker to a Greek shipping company, marking the first new vessel delivery of 2025 from Chinese shipyards. The new ship, named “Seascout,” belongs to the latest...
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Global LNG Growth, the Energy Transition and Regulatory Changes in Focus at the ABS Maritime Committee Qatar
Strong global growth of LNG and in the orders for vessels needed to carry it, as well as key regulatory changes and critical technologies for the energy transition led the discussion at the ABS Maritime Committee in Qatar. Industry leaders from Qatar heard ABS President and COO John McDonald detail...
Asian spot prices gain on Europe gas outlook uncertainty
Asian spot liquefied natural gas (LNG) prices rose this week to a one-month peak, as the expiry of a transit deal for Russian gas through Ukraine caused uncertainty in Europe’s gas outlook. The average LNG price for February delivery into Northeast Asia (LNG-AS) was $14.60 per million British...
https://www.hellenicshippingnews.com/asian-spot-prices-gain-on-europe-gas-outlook-uncertainty/
LNG shipping poised for further normalisation in 2025
Drewry expects LNG shipping to normalise further in 2025 as fleet growth continues to outpace liquefaction build-up, preventing any recovery in rates. Although demand will recuperate, erratic weather conditions, LNG prices, competition from other sources of energy and efforts towards carbon...
https://www.hellenicshippingnews.com/lng-shipping-poised-for-further-normalisation-in-2025/
Nigerian exports of key grades to fall in February
Exports of top Nigerian crude oil grades are set to decline in February, loading programmes showed, while the Angolan market has yet to clear all of the January-loading cargoes in a sign of sluggish demand. * Exports of four key Nigerian crude oil grades – Qua Iboe, Bonny Light, Bonga and Forcados...
https://www.hellenicshippingnews.com/nigerian-exports-of-key-grades-to-fall-in-february/
VINCI is awarded the Port Rail Transformation Project in Melbourne (Australia)
Seymour Whyte, a VINCI Construction subsidiary based in Australia, has been selected for a design and build rail and pavement upgrade contract of the Port of Melbourne, Australia’s largest container and general cargo port, handling more than one-third of the nation’s container trade. This early...
Green methanol shortages are diverting newbuilds back to LNG
According to the World Economic Forum, with around 90% of all trade being ocean-based, close to 3% of the world’s greenhouse gas footprint comes from seagoing vessels. The shipping industry is determined to accelerate its efforts to meet the Global Maritime Forum’s goal of ending fossil fuel...
https://www.hellenicshippingnews.com/green-methanol-shortages-are-diverting-newbuilds-back-to-lng/
Iran’s crude oil exports rebound in late 2024: report
TankerTrackers, a shipping analytics company, reported a surge in Iran’s crude oil exports during the latter half of December 2024, following slow growth earlier in the month. According to a report by Oilprice.com and data from TankerTrackers, Iranian oil exports picked up pace in late December....
https://www.hellenicshippingnews.com/irans-crude-oil-exports-rebound-in-late-2024-report/
Looking at resuming crude oil supply to India, expanding trade basket: Iran
Iran is looking at ways to resume supplying crude oil to India and is keen on expanding the overall trade basket including in the petro-chemical sector through the strategically-located Chabahar port, a senior Iranian official said. Tehran is also keen to expand counter-terror cooperation with...
How wind tech could help decarbonize cargo shipping
Inhabitants of the Marshall Islands—a chain of coral atolls in the center of the Pacific Ocean—rely on sea transportation for almost everything: moving people from one island to another, importing daily necessities from faraway nations, and exporting their local produce. For millennia they sailed...
https://www.hellenicshippingnews.com/how-wind-tech-could-help-decarbonize-cargo-shipping/