Asian spot Liquefied Natural Gas (LNG) prices slid for an eighth consecutive week to hit their lowest levels in seven months, as healthy storage levels in both Europe and Northeast Asia continued to weigh on prices. The average LNG price for February delivery into...

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One of the world’s busiest shipping lanes can’t just become the Wild West that’s the rationale for this. Western nations said they would not allow Houthi attacks on international shipping to continue. Deterrence in the form of Western warships didn’t work. Yes, they...

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The corporate oil and gas sector faces a year of big decisions in 2024. Consolidation will remain in the spotlight as companies position to build scale and strengthen sustainability through the energy transition. Growth will make a comeback. But companies will not put...

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Container shipping rates for key global routes have soared this week, with U.S. and UK air strikes on Yemen stirring concerns of a prolonged disruption to global trade in the Red Sea, one of the world’s busiest routes, industry officials said on Friday. U.S. and...

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Marine fuel sales at world’s leading bunkering hub in Singapore hit a record high last year, official data showed on Friday, driven by record container throughput and increased interest in biofuels. Bunker sales, including volumes of bio-blended fuels and Liquefied...

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India plans to set up its own protection and indemnity (P&l) entity—the India Club—for providing insurance to ships operating in Indian coasts and waterways. Currently, the shipping industry relies on global firms for insurance. Mint explains the significance:...

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