European LNG imports are expected to rapidly increase over the course of summer, boosting demand for LNG tankers. In its latest weekly report, shipbroker Intermodal said that “uncertainty over the recovery of Chinese demand, demand destruction in Europe, as well as...

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India’s bitumen market expects to see minimal impact from new shipping regulations, which will halt the issuing of trading licences for oil tankers and other vessel types that have surpassed their maximum age limit of 25 years. The new rules, which came into...

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As methanol-powered ships are rapidly emerging as next-generation eco-friendly ships, competition is heating up between Korean and Chinese shipbuilders about which is taking more shipbuilding orders. Until now, Korea has been leading the high value-added eco-friendly...

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The strike against the French government’s planned pension reforms that have disrupted French liquified natural gas terminals are expected to continue past their previous end date of March 14, a union official told Reuters Monday. “All the gas terminals and storages...

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India is likely to import 1.5 million tonnes of duty-free sunflower oil during the current fiscal year to March 31, trade and government sources said, half a million tonnes less than the quota allocated by the government. India, the world’s biggest vegetable oil...

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The product tanker market flows have changed considerably since the EU ban on Russian imports. In its latest weekly report, shipbroker Gibson said that “with the refined products price cap now in place for just over a month, the changes in trade flows as a result are...

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