Hapag-Lloyd and Shell Western LNG B.V. (Shell) have signed a multi-year agreement for the supply of liquefied biomethane starting with immediate effect. The agreement builds on a strategic collaboration established in 2023 to accelerate the decarbonization of...

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The US government has issued fresh warnings that doing business with Russia’s Arctic LNG 2 will face “significant sanctions risk,” a State Department spokesperson told Platts, part of S&P Global Commodity Insights, following a series of LNG cargo discharges in...

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Iron ore shipments to China surprisingly strengthened in August, seemingly driven by the drop in iron ore prices and preparations from Chinese mills for a traditional summer pickup. Brazilian exports, in particular, stood out: shipments increased by 7% month-...

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By 2030, the alternative-fuelled fleet will be able to burn up to 50 million tonnes of oil equivalent (Mtoe) of low-greenhouse gas (GHG) fuels annually, double the estimated volume needed to meet the International Maritime Organization’s (IMO) 2030 emissions target....

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“Between January and August, product tanker newbuilding contracting dropped 86% y/y to 2.6 million deadweight tonnes (DWT) representing a nine-year low,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO. The development marks a stark reversal from the boom seen...

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The tanker market is fragmented with each class showing varying performance, as a direct result of changing trade flows. In a recent weekly report, shipbroker Xclusiv said that “the oil market is once again caught between contrasting narratives, with the International...

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