Canada’s first propane export terminal – RIPET – has become operational, augmenting global LPG supplies. The entry of the country as a new LPG supplier and the strategic location of the terminal will favour exports to Asia and provide an opportunity for Canada to garner a good share of the Asian LPG market.
Qatar Petroleum has invited tenders for the construction of more than 100 LNG ships. These ships are required to meet the ship requirements associated with the expansion of the Qatargas LNG liquefaction project and the Golden Pass LNG project in the US.
Manning costs have risen moderately over the past 12 months, checked by easing officer supply shortage, and are forecast to rise at a similar pace over the next five years, according to Drewry’s latest Manning Annual Review and Forecast.
Key US ports, leading global container lines and specialist car carriers will all be adversely impacted should the proposed US auto tariffs be implemented in the second quarter of 2019, according to an impact analysis published by global shipping consultancy Drewry.
The level of satisfaction concerning container carriers among exporters, importers, and freight forwarders falls marginally, according to the third annual shipper satisfaction survey of Drewry and the European Shippers’ Council (ESC).
The container shipping industry is facing an exceptionally high level of uncertainty, ranging from the extra cost associated with IMO 2020 and how much carriers will recover from shippers, to the possibility of a trade recession and unknown future engagement by shipowners in large vessel building programmes, according to Drewry’s latest Container Forecaster.