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LNG power generation: A positive in current LNG market

LNG power generation: A positive in current LNG market


29 Jun 2020


While most headlines in the LNG sphere dealt with the coronavirus and its impact on LNG exports and cargo cancellations, a niche segment – LNG-to-power – has been budding in the background. With the right regulations, these projects can generate LNG demand quickly, easing the pressure on the LNG shipping market.

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PDH expansion fuels China’s LPG demand

PDH expansion fuels China’s LPG demand


02 Jun 2020


China’s LPG demand has started recovering with PDH operating rates improving after the shutdowns due to the outbreak of the coronavirus (COVID-19) in January. The pandemic has not impacted PDH expansion plans in the country as three PDH facilities are set to open in 2Q20.

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Dip in demand: US to push methanol cargoes towards Asia and Europe

Dip in demand: US to push methanol cargoes towards Asia and Europe


29 May 2020


A slump in methanol demand is forcing the US to push more methanol cargoes to Asia and Europe. Therefore, we expect freight rates for coated MR2 tankers to improve on these routes.

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Guinea set to supply iron ore from 2026

Guinea set to supply iron ore from 2026


21 May 2020


Development of the Simandou blocks in Guinea will not only increase the country’s iron ore exports but will also prompt Chinese importers to shift some iron ore imports away from Australia to Guinea, which will add to dry bulk shipping demand.

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Iranian exports to hit record lows amid US sanctions on Chinese companies and the global outbreak of COVID-19

Iranian exports to hit record lows amid US sanctions on Chinese companies and the global outbreak of COVID-19


30 Apr 2020


On 18 March 2020, the US imposed sanctions on seven entities (including Chinese trading and shipping companies) for knowingly engaging in a significant transaction for the purchase, acquisition, sale, transport, and marketing of petrochemical products from Iran.

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News

CLECAT joins Drewry-ESC transparent tool for bunker charges

CLECAT joins Drewry-ESC transparent tool for bunker charges
European forwarders’ association joins industry initiative on a fair, neutral bunker adjustment factor indexing mechanism for shippers, forwarders and shipping lines.

CLECAT and Drewry to collaborate in forwarder freight rate benchmarking

CLECAT has entered into a collaborative agreement with Drewry to raise awareness of Drewry’s Forwarder Benchmarking Club amongst its freight forwarder membership.

Officer shortage to widen and inflate manning costs

The current officer shortfall to crew the global merchant fleet is forecast to widen, despite the dampening effect of Covid-19, according to Drewry’s latest Manning Annual Review and Forecast.

Drewry launches COVID-19 special report assessing the financial health of the container shipping industry

In this 50-page special report, Drewry’s investment research team updates its independent assessment of the financial health of the box shipping industry. The full report is now available to purchase online.

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Coastlink Conference Antwerp 2020

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