Entitled “2030 Green Ship-K Initiative”, it is part of the country’s Act on Promotion of the Development and Distribution of Eco-Friendly Ships. As explained, the initiative aims to align policies with the country’s Green New Deal and establish a brand image of a...

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The naming ceremony was held on December 22 in Shanghai. She is the 4th of the nine 23,000 LNG-powered vessels CMA CGM ordered back in 2017, built by Jiangnan Shipyard. It is estimated that an LNG-powered vessel emits up to 20% less CO2 than fuel-powered systems. This...

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While 2020 began on relatively solid footing, the COVID-19 pandemic upended all expectations, especially for 1H2020. Indeed, global growth recovered considerably in 3Q20, with the rebound mainly supported by exceptional fiscal and monetary stimulus, as well as the...

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The Covid-19 pandemic has devastated crude and condensate demand in 2021, creating massive supply surpluses and filling up inventories, causing producers to slash output in order to keep prices at somewhat profitable levels. Rystad Energy’s latest balances, however,...

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