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U.S. energy consumption in April 2020 fell to its lowest level in more than 30 years


According to the U.S. Energy Information Administration's (EIA) most recent

Market expansion and diversification over the past decade: what’s next for LNG?


Panos Mitrou, LR’s Global Gas Segment Manager (pictured right), has been dealing with LNG as fuel for the past eight years.

Over this period, he has seen the use of LNG expand and diversify from just a few LNG carriers using

Asia Pacific’s oil demand to fall in 2020 but could rise 25% by 2040


According to a new report by Wood Mackenzie, oil products demand in Asia Pacific is expected to fall by 1.8 million barrels per day (b/d) year-on-year in 2020. But oil demand growth in Asia has still a long way to

Marine scrubbers – Yara Marine tackles the great upheaval


2020 will go down in history as the year that changed everything for many industries, not least the marine exhaust gas cleaning segment. “The coronavirus turned our world upside down virtually overnight,” confirms Ina Reksten, Yara Marine Technologies COO. Driven

Tankers: Rates Under Pressure



Rates in this sector remained under pressure with a 280,000mt Middle East Gulf to USG via the Cape/Cape routing assessed one point lower at barely WS23. A 270,000mt to China now sits at WS37 level, down five points. Korean charterers

How Big Oil’s M&A targets have changed


No one has experienced an M&A market as bad as this. The collapse in oil and gas prices and Covid-19 killed deal activity, with 2020 so far recording the smallest number of deals in any month, any quarter and any

Last bi-weekly WPSP Barometer confirms overall improvements in hinterland transport, capacity utilization and port worke


The eleventh and final bi-weekly version of the IAPH-WPSP Port Economic Impact Barometer has just been published, showing a progressive improvement in three of the four survey questions asked to the world's ports. Active since April 6 2020 on a

The oil market continues its cautious rally but more uncertainty lies ahead


For the oil markets, the first half of the year saw extraordinary swings in supply and demand, culminating in what is now thought to have been a staggering 22mbbpd of oversupply in April as OECD economies headed into lockdown

Container throughput of Chinese ports dropped 5.4% in the first half year


From January to June 2020, the cargo volume of Chinese ports was 675213 million tons, a year-on-year increase of 0.6%; the container throughput of Chinese ports was 120.19 million TEU, a year-on-year decrease of 5.4%. The overall downward trend has

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