Category: Gas
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FACTBOX | Disruptions to Russia’s energy exports since start of Ukraine war
FACTBOX | Disruptions to Russia’s energy exports since start of Ukraine war Reuters Go to baird maritime
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US considered use of Russian icebreakers for Alaska gas projects, sources say
US considered use of Russian icebreakers for Alaska gas projects, sources say Reuters Go to baird maritime
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Houthis seek to legitimise maritime role with ‘Safe Transit’ service
Houthis seek to legitimise maritime role with ‘Safe Transit’ service The Houthi-run Humanitarian Operations Coordination Center (HOCC) has released a new set of Frequently Asked Questions (FAQs) assuring safe passage to vessels transiting through the Gulf of Aden, Bab el Mandeb, the Arabian Sea and the Red Sea if they are not related to the…
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Ocean Yield moves deeper into LNG via 10-ship CapeOmega deal
Ocean Yield moves deeper into LNG via 10-ship CapeOmega deal Norwegian shipleasing specialist Ocean Yield and KKR-managed vehicles have agreed to acquire CapeOmega Gas Transportation from private equity firm Partners Group, expanding their exposure to the LNG sector. CapeOmega holds joint ownership in a fleet of ten 174,000 cu m LNG carriers operated by Knutsen.…
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Chinese yard to develop new LNG bunkering vessel
Chinese yard to develop new LNG bunkering vessel Jens Karsten Go to baird maritime
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Venice Energy sells Australian LNG terminal to AG&P LNG
Venice Energy sells Australian LNG terminal to AG&P LNG Australian energy infrastructure developer Venice Energy has agreed to sell its project to LNG terminals and downstream infrastructure firm AG&P LNG, a subsidiary of US-owned Nebula Energy. This follows an eight-month negotiation process after signing a binding term sheet between the two companies in October 2024…
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Splash Wrap: Flags, fines and fakes
Splash Wrap: Flags, fines and fakes Sanctions, the shadow fleet, and the many ways authorities are trying to clamp down on this illicit trade kept Splash reporters busy all week, with clear evidence that the dark fleet is growing quicker than the West can contain. The grey fleet – as tracked by broker BRS –…
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US ethane curbs will make contracting to China harder, Energy Transfer says
US ethane curbs will make contracting to China harder, Energy Transfer says Reuters Go to baird maritime
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NYK’s Q2 2025 revenues drop due to tariff impacts
NYK’s Q2 2025 revenues drop due to tariff impacts Gareth Havelock Go to baird maritime
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US LNG exports surge in July
US LNG exports surge in July Reuters Go to baird maritime
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Electricity blackouts are a blessing for shipping
Electricity blackouts are a blessing for shipping Pierre Aury provides readers with a history of electricity generation and why the push for renewables could still be a net positive for shipping. Shipping’s been carrying growing volumes of fossil fuels for a longer period of time than anticipated. That’s in no small part down to Tesla. No,…
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QatarEnergy takes delivery of sixth LNG carrier in series
QatarEnergy takes delivery of sixth LNG carrier in series Jens Karsten Go to baird maritime
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Houthis threaten all ships linked to Israeli trade in escalated maritime campaign
Houthis threaten all ships linked to Israeli trade in escalated maritime campaign Yemen’s Houthi rebels on Sunday declared an escalation in their maritime campaign, announcing they will now target any ships belonging to companies that do business with Israeli ports, regardless of flag, ownership, or destination. The warning, delivered in a televised statement by the…
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Equinor extends Hammerfest LNG outage to August 3
Equinor extends Hammerfest LNG outage to August 3 Reuters Go to baird maritime
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CMA CGM and TotalEnergies set up LNG bunker venture at Europe’s busiest port
CMA CGM and TotalEnergies set up LNG bunker venture at Europe’s busiest port French liner giant CMA CGM has teamed up with compatriot energy major TotalEnergies to form an LNG bunkering services joint venture at the port of Rotterdam. As part of the 50/50 JV, the two companies will co-own and operate a new 20,000…
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MOL launches global shipmanagement arm
MOL launches global shipmanagement arm Japan’s Mitsui OSK Lines (MOL) is consolidating its shipmanagement businesses under a single brand and location, aiming to streamline operations and enhance service quality across all vessel types. The Tokyo-headquartered shipping giant has renamed its Singapore-based LNG management arm, MOL LNG Ship Management, to MOL Global Ship Management (MOLGSM). The…
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Hanwha orders historic LNG carrier from US yard
Hanwha orders historic LNG carrier from US yard South Korea’s Hanwha Group has placed a landmark order for a liquefied natural gas (LNG) carrier at its US-based Hanwha Philly Shipyard — the first such export-market-viable vessel to be built in the United States in nearly half a century. The order, valued at a minimum of…
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EU removes three MOL-operated LNG carriers from sanctions list
EU removes three MOL-operated LNG carriers from sanctions list Jens Karsten Go to baird maritime
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Venture Global signs 20-year LNG supply deal with Italy’s Eni
Venture Global signs 20-year LNG supply deal with Italy’s Eni Alan Bosworth Go to baird maritime
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Navigator and Amon Maritime team up for ammonia carrier newbuilds
Navigator and Amon Maritime team up for ammonia carrier newbuilds New York-listed handysize gas carrier owner and operator Navigator Holding has formed a joint venture with Norway’s Amon Maritime for two newbuild ammonia-fuelled liquefied ammonia carriers. The JV, named Navigator Amon Shipping, has placed an order with Nantong CIMC Sinopacific Offshore & Engineering for two…
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BW LPG locks in $595m across two financing deals
BW LPG locks in $595m across two financing deals VLGC owner and operator BW LPG has wrapped up two financing facilities totalling $595m, aimed at supporting its fleet expansion, refinancing existing debt, and boosting liquidity. The dual-listed unit of Singapore’s BW Group closed a $380m term loan and revolving credit facility backed by seven banks.…
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USTR threat hits Chinese shipyards as global orders slump
USTR threat hits Chinese shipyards as global orders slump A contraction in Chinese shipbuilding orders has been registered in the first half of 2025, with Beijing’s once unassailable dominance increasingly under pressure from geopolitical tensions and a softening global market. According to new data from BIMCO, China’s share of newbuilding contracts dropped from 72% to…
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Trump threatens secondary sanctions in 50-day ultimatum to Putin
Trump threatens secondary sanctions in 50-day ultimatum to Putin US president Donald Trump on Monday announced a sweeping threat to impose secondary sanctions on nations importing Russian exports — a move that could shake up global energy markets and disrupt tanker trades from the Black Sea to the Indian Ocean. Sitting beside NATO secretary-general Mark…
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Red Sea traffic falls as Houthis vow to continue attacks
Red Sea traffic falls as Houthis vow to continue attacks The Philippine Department of Migrant Workers (DMW) confirmed on Thursday that three more Filipino seafarers from the attacked and sunken vessel Eternity C have been rescued in the Red Sea, bringing the total number of rescued Filipinos to eight. Thirteen remain unaccounted for as search…
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Splash Wrap: Red Sea attacks lead coverage
Splash Wrap: Red Sea attacks lead coverage The global shipping industry has been rocked by two deadly attacks this week in the Red Sea, with Yemen’s Houthi rebels launching their first campaign against merchant shipping of the year, sinking two bulk carriers, killing at least three seafarers, wounding others, and reportedly kidnapping crew. A new…
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Toro ships out LPG carrier to tanker spin-off Robin Energy
Toro ships out LPG carrier to tanker spin-off Robin Energy Nasdaq-listed owner Toro Corp is selling one of its LPG carriers in an $18m deal involving affiliated parties. The Petros Panagiotidis-led spinoff of Cyprus-based Castor Maritime is offloading the 2015-buit 5,000 cu m Dream Syrax to a subsidiary of Robin Energy, a Nasdaq-listed entity controlled…
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Panama Canal rebounds as container and LPG volumes rise
Panama Canal rebounds as container and LPG volumes rise While the Red Sea has roared back to the front pages of the shipping press this week, and the Black Sea remains blighted by war, one other chokepoint that has caused supply chain chaos in recent years has reported that it is operating at full capacity.…
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Red Sea shipping crisis deteriorates rapidly as attacks intensify
Red Sea shipping crisis deteriorates rapidly as attacks intensify The security situation in the Red Sea has taken a sharp turn for the worse over the past 48 hours, with back-to-back attacks on merchant vessels and Israeli airstrikes targeting multiple Yemeni ports. Yesterday, the Liberian-flagged bulk carrier Eternity C, operated by Greek firm Cosmoship Management,…
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Danes press ahead with project to ship CO2 in containers
Danes press ahead with project to ship CO2 in containers Danish firm DecarbonICE is looking to develop a full CO2 transport value chain with the gas in solid form, otherwise known as dry ice. The company wants to show the benefits of this kind of transfer compared to transporting CO2 in liquid form in pressurised…
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Maersk Tankers brings technical ops in-house as ammonia fleet takes shape
Maersk Tankers brings technical ops in-house as ammonia fleet takes shape Denmark’s Maersk Tankers is set to establish in-house technical management operations as it prepares to take delivery of very large ammonia carriers (VLACs) and seeks tighter alignment between technical expertise and commercial ambitions. The move marks a pivot from the company’s 2021 decision to…
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MOL links up with ONGC for VLEC newbuilds
MOL links up with ONGC for VLEC newbuilds Japanese shipowner Mitsui OSK Lines (MOL) is partnering up with India’s Oil and Natural Gas Corporation (ONGC) to build and operate very large ethane carriers (VLECs). According to the expression of interest, the deal, structured as a joint ventur,e will see the contracting of two newbuild VLECs…
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Splash Wrap: Trump leads headlines in a calmer week for shipping
Splash Wrap: Trump leads headlines in a calmer week for shipping Compared to almost every other week of 2025, from a shipping news/geopolitical point of view this week has been comparatively calm. Nevertheless, the word Trump featured in more Splash headlines than any other word once again. The big news at the start of the…
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Canada ships first LNG export cargo from Pacific coast
Canada ships first LNG export cargo from Pacific coast Reuters Go to baird maritime
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Cheniere approves Corpus Christi LNG expansion, updates company outlook
Cheniere approves Corpus Christi LNG expansion, updates company outlook Alan Bosworth Go to baird maritime
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The week in shipping: Iran dominates the headlines
The week in shipping: Iran dominates the headlines Starting today, Splash will be bringing readers a weekly wrap to digest the important shipping news of the past few days. This complements Daily Splash, our free newsletter published Monday through Friday, as well as Splash Extra, our monthly digest. Conflict with Iran dominated the headlines in…
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SLB OneSubsea wins contract for Northern Lights phase two CO2 project
SLB OneSubsea wins contract for Northern Lights phase two CO2 project SLB OneSubsea, a joint venture backed by SLB, Aker Solutions, and Subsea7, has secured an engineering, procurement and construction (EPC) contract from Equinor for the second phase of the Northern Lights CO₂ storage project offshore Norway. The contract covers the delivery of two satellite…
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US airstrikes on Iran spark memories of previous tanker wars
US airstrikes on Iran spark memories of previous tanker wars Shipping stock prices surged in Asia today on the back of the fast-escalating geopolitical crisis in the Middle East, with Iranian politicians threatening to shut down the Strait of Hormuz after US airstrikes on key nuclear sites. Iran’s parliament has voted to block the Strait…
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ClarkSea Index hits year-high ahead of American strikes on Iran
ClarkSea Index hits year-high ahead of American strikes on Iran The cross-sector ClarkSea Index, a weighted average of tanker, bulk carrier, containership and gas carrier earnings managed by Clarksons Research, hit a new high for 2025 on Friday, ahead of the decision by the US to strike Iran, something that will likely see the index,…
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Trump softens on Iran intervention amid maritime chaos in Gulf
Trump softens on Iran intervention amid maritime chaos in Gulf Oil prices dipped 2% in early trading today as Donald Trump appeared to step back from joining Israel’s attacks on Iran, while the waters in the Middle East remain busy, and dangerous thanks to vastly increased GPS spoofing in the region in the week since…
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K Line teams with Provaris in hydrogen carrier drive
K Line teams with Provaris in hydrogen carrier drive Japanese shipping major Kawasaki Kisen Kaisha (K Line) has partnered up with Australia’s Provaris Energy to advance compressed hydrogen shipping and offshore storage solutions. The two companies have signed a 12-month memorandum of understanding (MoU) to jointly explore the development, construction, and operation of Provaris’ H2Neo…
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Nigeria’s West Africa Gas orders ammonia-powered VLGCs from Korean builder
Nigeria’s West Africa Gas orders ammonia-powered VLGCs from Korean builder Gareth Havelock Go to baird maritime
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Freight market reacts to soaring Middle East tensions
Freight market reacts to soaring Middle East tensions Tensions in the Middle East have reached a boiling point this week as senior US officials reportedly prepare for a potential military strike on Iran, a move that threatens to ignite a wider regional conflict. According to a Bloomberg report citing individuals familiar with the matter, the…
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Commonwealth LNG receives FERC authorization for Calcasieu LNG export project
Commonwealth LNG receives FERC authorization for Calcasieu LNG export project Reuters Go to baird maritime
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Santos’ Barossa LNG project progresses towards final commissioning plans
Santos’ Barossa LNG project progresses towards final commissioning plans Reuters Go to baird maritime
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MOL, Petronas, and MISC launch liquefied CO2 shipping venture
MOL, Petronas, and MISC launch liquefied CO2 shipping venture Japanese shipping giant Mitsui OSK Lines (MOL), Malaysian state energy firm Petronas and the country’s top shipping line, MISC, have launched a joint venture to build and operate liquefied carbon dioxide (LCO2) carriers. The JV called Jules Nautica will aim to become a leading owner of…
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GPS jamming on the rise as Israel-Iran conflict enters fourth day
GPS jamming on the rise as Israel-Iran conflict enters fourth day The conflict between Israel and Iran stretched into a fourth consecutive day on Monday, rattling global energy markets and placing the maritime industry on edge. While Israeli airstrikes have so far avoided directly targeting Iran’s crude oil infrastructure, a reported explosion at a natural…
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Construction begins on China’s first ammonia-powered gas carrier
Construction begins on China’s first ammonia-powered gas carrier Jens Karsten Go to baird maritime
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Gas supply disruption from Israel forces Egyptian fertilizer plants to stop
Gas supply disruption from Israel forces Egyptian fertilizer plants to stop Reuters Go to baird maritime
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Sea trials completed for new LNG carrier for ADNOC L&S
Sea trials completed for new LNG carrier for ADNOC L&S Gareth Havelock Go to baird maritime
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US ethane vessels in limbo due to Chinese export restrictions
US ethane vessels in limbo due to Chinese export restrictions Reuters Go to baird maritime
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Purus confirms South Korean LNG carrier order
Purus confirms South Korean LNG carrier order UK-based shipowner Purus Marine has firmed up an order for a new LNG carrier at HD Hyundai Heavy Industries, adding to its growing gas carrier orderbook in South Korea. The Julian Proctor-led company has signed for a 180,000 cu m newbuild with delivery set for the fourth quarter…
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Solvang and BlackRock’s GIP form liquefied gas shipping firm
Solvang and BlackRock’s GIP form liquefied gas shipping firm Norwegian gas shipowner Solvang and BlackRock’s Global Infrastructure Partners (GIP) have established a liquefied gas shipping joint venture. The new 50:50 joint venture will be named Solvang Gas Carriers. It will initially own Solvang’s fleet of 13 VLGCs designed to transport LPG and ammonia, and will…
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Italy publishes guidelines on LNG bunkering in ports
Italy publishes guidelines on LNG bunkering in ports Jens Karsten Go to baird maritime
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NextDecade, Japan’s JERA sign 20-year LNG supply deal
NextDecade, Japan’s JERA sign 20-year LNG supply deal Reuters Go to baird maritime
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Federal court blocks Trump’s tariffs
Federal court blocks Trump’s tariffs In the latest twist in the trade war unleashed by Donald Trump, an American federal court has blocked the president’s sweeping tariffs. The Court of International Trade has ruled that the emergency law invoked by the White House does not give the president unilateral authority to impose tariffs on nearly…
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Cido reverses course on VLACs with suezmax newbuild switch
Cido reverses course on VLACs with suezmax newbuild switch Cido Shipping has had a change of heart on its entry into the very large ammonia carriers (VLACs) segment, choosing instead to pivot back to a more conventional market. The Hong Kong-based tonnage provider has reportedly converted its previous order at HD Hyundai Heavy Industries for…
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Nearly 60 LNG carriers stand idle
Nearly 60 LNG carriers stand idle The depressed liquefied natural gas (LNG) carrier sector sees nearly 60 vessels, according to data from Clarksons Research. In a striking sign of shifting market fundamentals, shipowners—particularly in South Korea—have begun sending older, less efficient LNG carriers to the scrapyards in increasing numbers. According to leading shipbroker Clarksons, four…
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Hudong-Zhonghua commissions giant new shipbuilding facility north of Shanghai
Hudong-Zhonghua commissions giant new shipbuilding facility north of Shanghai One of China’s top shipyards, Hudong-Zhonghua Shipbuilding, has commissioned a giant new facility to boost its production of LNG carriers. The new $2.5bn, 432 ha yard on Changxing Island north of Shanghai will boost the state-run company’s annual LNG carrier output from six to 10 vessels…
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Egypt in talks to buy 40-60 LNG cargoes amid energy crunch
Egypt in talks to buy 40-60 LNG cargoes amid energy crunch Reuters Go to baird maritime
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Deutsche ReGas lands taxpayer funding for Lubmin hydrogen project
Deutsche ReGas lands taxpayer funding for Lubmin hydrogen project Reuters Go to baird maritime
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New agreement covers 20-year export of LNG from Ksi Lisims project off Canada
New agreement covers 20-year export of LNG from Ksi Lisims project off Canada Gareth Havelock Go to baird maritime
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COSCO inks VLGC orders
COSCO inks VLGC orders Chinese state-owned shipping giant COSCO has made a fresh newbuilding move in the gas carrier segment. Clarksons reports a subsidiary, COSCO Shipping Investment Dalian, has contracted two 88,000 cu m newbuilds at COSCO Heavy Industry Qidong Offshore, with delivery expected in September and December of 2027. No price has been revealed,…
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Wagenborg christens Europe’s first CO2 carrier
Wagenborg christens Europe’s first CO2 carrier Rafael Sanches Go to baird maritime
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Italy receives first shipment of US-supplied LNG
Italy receives first shipment of US-supplied LNG Gareth Havelock Go to baird maritime
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Russia readies billions for domestic fleet buildout
Russia readies billions for domestic fleet buildout Russia is stepping up the development and renewal of its fleet with plans to add more than 1,600 domestically built ships by 2036. Russian prime minister Mikhail Mishustin said that more than RUB500bn ($6.2bn) in federal funding will be spent over the next six years to support shipbuilders,…
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Tariff truce tipped to usher in covid era uptick in box fortunes
Tariff truce tipped to usher in covid era uptick in box fortunes The 90-day tariff ceasefire between the world’s top two economies could see covid era surges in shipments and box freight rates, one leading analyst has suggested. The US and China have agreed to slash reciprocal tariffs by 115% for the next 90 days.…
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Hoegh Evi to deploy FSRU off Egypt under 10-year charter
Hoegh Evi to deploy FSRU off Egypt under 10-year charter Jens Karsten Go to baird maritime
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US and China agree to slash tariffs
US and China agree to slash tariffs In a significant curtailment of the trade war between the world’s two largest economies, the United States and China have agreed to considerably slash tariffs for the next 90 days. As part of the deal reached in Geneva over the weekend, US Treasury Secretary Scott Bessent said both countries…
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South Korean Government to fund hydrogen carrier project
South Korean Government to fund hydrogen carrier project Gareth Havelock Go to baird maritime
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Capital Clean Energy Carriers lands long-term fixtures for LNG newbuilds
Capital Clean Energy Carriers lands long-term fixtures for LNG newbuilds Evangelos Marinakis-backed Capital Clean Energy Carriers (CCEC) has secured long-term employment for two of its LNG carriers under construction in South Korea. The Nasdaq-listed company has fixed the 174,000 cu m at vessels to be named Athlos and Archon for five and seven years, respectively,…
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US energy companies seek exemption from Trump plan to move LNG on US-built ships
US energy companies seek exemption from Trump plan to move LNG on US-built ships Reuters Go to baird maritime
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Nissen Kaiun in for HD Hyundai Mipo LPG brace
Nissen Kaiun in for HD Hyundai Mipo LPG brace Low-profile shipowner Nissen Kaiun has returned to HD Hyundai Mipo Dockyard in Ulsan for a pair of LPR carriers. Multiple newbuilding sources have listed the Japanese shipping mammoth with two 45,000 cu m units booked at $73.5m each for delivery in 2027. The owner of more…
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Ocean Yield increases stake in French LNG player
Ocean Yield increases stake in French LNG player Norwegian owner and sale and leaseback player Ocean Yield has increased its stake in France’s Geogas LNG. In July 2024, Ocean Yield took over interests from infrastructure fund CVC DIF, which held a 31% stake in Geogas LNG. This provided the company with an indirect economic interest…
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Navigator fixes $300m of new financing
Navigator fixes $300m of new financing New York-listed Navigator Holdings has lined up $300m in fresh financing to clear out existing debt maturities. The Mads Peter Zacho-led company said its subsidiaries Navigator Gas and Othello Shipping have struck a deal with a consortium of lenders comprising Nordea Bank, Danish Ship Finance, Danske Bank, DNB UK,…
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Argentina to bring in second LNG liquefaction vessel in 2028
Argentina to bring in second LNG liquefaction vessel in 2028 Reuters Go to baird maritime
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Japan in talks with QatarEnergy on long-term LNG supply deal
Japan in talks with QatarEnergy on long-term LNG supply deal Reuters Go to baird maritime
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Step on the gas, pretty please
Step on the gas, pretty please Developments in 2024 hammered home the enduring nature of oil, gas, and liquefied natural gas (LNG) projects and the progress made in developing new ones and extending the lifetimes of older ones. The post Step on the gas, pretty please appeared first on Offshore Energy. Melisa Cavcic Go to…
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Indian Oil signs five-year LNG deal with Trafigura
Indian Oil signs five-year LNG deal with Trafigura Reuters Go to baird maritime
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Origin Energy slips as revenue from Australia Pacific LNG project falls
Origin Energy slips as revenue from Australia Pacific LNG project falls Reuters Go to baird maritime
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Woodside exercises final investment decision on Louisiana LNG export terminal project
Woodside exercises final investment decision on Louisiana LNG export terminal project Gareth Havelock Go to baird maritime
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US plans Alaska LNG summit, will urge Japan, South Korea to support project
US plans Alaska LNG summit, will urge Japan, South Korea to support project Reuters Go to baird maritime
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Philly Shipyard steps forward to meet US LNG carrier requirements
Philly Shipyard steps forward to meet US LNG carrier requirements The Korean-controlled Philly Shipyard is gearing up to build the first LNG carriers in America since the 1970s. Following last week’s announcement by the US Trade Representative (USTR) on port fees designed to boost American shipbuilding, Hanhwa Ocean, which bought Philly Shipyard last year, has…
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CNOOC agrees to ADNOC LNG deal in face of tariff war with US
CNOOC agrees to ADNOC LNG deal in face of tariff war with US Reuters Go to baird maritime
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Moroccan Energy Minister says country to begin tendering process for LNG terminal
Moroccan Energy Minister says country to begin tendering process for LNG terminal Reuters Go to baird maritime
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Beijing vents fury at US port fees
Beijing vents fury at US port fees Shipping spent the weekend digesting the news from the US where watered down plans to charge China-linked ships extra for American port calls have created considerable outrage in Beijing and Hong Kong, while causing consternation for members of the Ocean Alliance, one of the big groupings in container…
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FACTBOX | Asian countries look to offset trade imbalance by buying more US energy
FACTBOX | Asian countries look to offset trade imbalance by buying more US energy Reuters Go to baird maritime
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US unveils much-anticipated port call fees
US unveils much-anticipated port call fees The United States will impose fees on Chinese-built ships calling at American ports—regardless of ownership, in a ruling that the global shipping community has been waiting to hear about for months. The glimmer of good news for non-Chinese owners is that the final measure is less severe than the…
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Trump’s tariffs crash world trade forecasts
Trump’s tariffs crash world trade forecasts Many of shipping’s go-to bodies for trade forecasts are now slashing economic predictions for the year ahead in the wake of Donald Trump’s tariff war. Creating significant alarm, the World Trade Organization (WTO) has warned global merchandise trade for 2025 could drop by as much as -1.5%, potentially becoming…
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Venture Global LNG begins commercial operations at Calcasieu Pass plant
Venture Global LNG begins commercial operations at Calcasieu Pass plant Reuters Go to baird maritime
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OPINION | Want to cut your trade surplus with Trump? Crude, LNG and coal can help – a bit
OPINION | Want to cut your trade surplus with Trump? Crude, LNG and coal can help – a bit Reuters Go to baird maritime
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Tariffs on China set to dramatically alter US trade flows
Tariffs on China set to dramatically alter US trade flows Supply chain planners are busy booking shipments from non-Chinese destinations into the US today following last night’s tariff surrender by Donald Trump, the American president. Trump announced a 90-day pause for countries hit by higher US tariffs amid financial turmoil and a weakening dollar in…
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UAE firm makes its first foray into US by joining Kimmeridge’s gas and LNG business
UAE firm makes its first foray into US by joining Kimmeridge’s gas and LNG business Mubadala Energy is entering the U.S. energy market through an equity investment into the upstream gas and liquefied natural gas (LNG) business owned by a subsidiary of Kimmeridge, an energy-focused alternative asset manager. The post UAE firm makes its first…
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EU says it will attempt to leave partner Norway out of its trade battle with US
EU says it will attempt to leave partner Norway out of its trade battle with US Reuters Go to baird maritime
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Purus signs for LNG carrier newbuild in South Korea
Purus signs for LNG carrier newbuild in South Korea Purus Marine has contracted an LNG carrier newbuild in South Korea. Brokers have named the UK-based owner behind a newbuilding contract announced by HD Korea Shipbuilding & Offshore Engineering (HD KSOE) last week. HD Hyundai Samho will build the 180,000 cu m unit for about $262m,…
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Global shipping ‘stifled’ by Trump’s tariffs
Global shipping ‘stifled’ by Trump’s tariffs Shipping stocks remain under severe pressure today as the world comes to terms with the immensity of Wednesday’s tariff announcements from US president Donald Trump. The average US tariff rate has now been set at just under 25%, levels not seen since the 1930s and the days of the…
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Calcasieu Pass LNG facility gets FERC approval
Calcasieu Pass LNG facility gets FERC approval Reuters Go to baird maritime
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Norway gas export hub restores power supply after outage
Norway gas export hub restores power supply after outage Reuters Go to baird maritime
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Trump ignites global trade war, major economies vow retaliation
Trump ignites global trade war, major economies vow retaliation US president Donald Trump has slapped additional tariffs of 34% on imports from China, also hitting emerging manufacturing powerhouses like Vietnam and Cambodia hard, while targeting European Union imports with 20% tariffs, and adding a baseline of 10% on most goods imported to the US. As…
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Trump’s ‘Liberation Day’ arrives
Trump’s ‘Liberation Day’ arrives Donald Trump is expected to announce sweeping tariffs in a statement at the White House Rose Garden at 16:00 EST this afternoon, branding today as ‘Liberation Day’ in the latest economic shock to hit global seaborne trades in the opening months of his return to power. The scope and scale of…
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Approval granted for LCO2 carrier design and floating liquefied storage facility
Approval granted for LCO2 carrier design and floating liquefied storage facility Rafael Sanches Go to baird maritime