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Qatar is in talks to make Chinese firms partners in its liquefied natural gas expansion project, the world’s largest, in a shift from the Gulf state’s reliance on western majors for technology and global outreach, industry sources said. Since the...
Hapag-Lloyd banked a $1.45 billion net profit in the first quarter, blowing past its $1.00 billion full-year 2020 net profit in just three months, with the significant increase in global demand that drove first-quarter earnings expected to sustain momentum through at least the first...
The Baltic exchange’s main sea freight index fell on Wednesday as capesize rates dipped to a two-week low. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 115 points, or...
The closure of the Colonial pipeline which runs from the US Gulf to the US East Coast, has caused a spike in oil product tanker rates on trades to and from the region. Earnings on the Rotterdam to New...
Decarbonising shipping will require forward-thinking companies to take commercial decisions based on robust analysis of climate-related risks and opportunities driven by rapidly evolving ESG criteria. ‘Climate risk is investment risk’ is a truth now universally acknowledged. First coined by...
Aframax tanker earnings have been under significant pressure in Asia as China’s private-sector refiners put the brakes on Far East Russian ESPO Blend crude procurement amid maintenance and high inventories, but a surprise surge in demand for the medium...