The outlook for the global shipping industry is stable, according to Moody’s Japan K.K., reflecting expectations for low single-digit percentage aggregate year-over-year EBITDA growth for its rated shipping companies during the coming 12-18 months. “This growth rate is lower than the mid-to-high sin
The recent decline in LNG prices and the introduction of new players will require a collaborative effort from both LNG suppliers and buyers to adopt a long-term view for maintaining a sustainable LNG market.
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European LNG demand growth will not be sufficient to raise LNG shipping freight rates, according to the LNG Forecaster report published by shipping consultancy Drewry. Namely, LNG shipping freight rates continue to be under pressure from weak Asian demand and a growing fleet and shipowners are seen
European LNG demand growth will not be sufficient to raise LNG shipping freight rates, according to the LNG Forecaster report published by shipping consultancy Drewry. Namely, LNG shipping freight rates continue to be under pressure from weak Asian demand and a growing fleet and shipowners are seen
The oil sector is slipping into the red after years of fat profits as the steep slump in oil prices shows little sign of ending, with this quarter shaping up to be the worst since the downturn started.
The Prime Minister of Israel, Benjamin Netanyahu, and the Minister of Infrastructure, Energy and Water, Yuval Steinitz, met Eni’s Chief Executive Officer, Claudio Descalzi, on Thursday in Jerusalem. Eni’s CEO presented the importance of synergies in joint development of natural gas in the eastern Me
The recent JCPOA agreement reached between Iran and the P5 +1, and approval by the Iranian Parliament, is a big step forward in normalising Iran’s relations with the international community, Douglas-Westwood, an energy intelligence group, said in its DW Monday report. DW said that, in anticipation o
The world’s largest LNG producer, Qatargas delivered about 2,300 LNG cargoes to Japan since 1997, Qatar Petroleum CEO Saad Sherida Al-Kaabi said. “Since 1997 – the year of the first Qatari LNG shipment to Japan, Qatargas delivered around 2,300 LNG cargoes to our Japanese customers,” Al-Kaabi said at
Doha-based Qatar Navigation (Milaha) posted a 17 percent increase in net profit in the first nine months of this year to QAR 959 million ($264m).
Popular news, October 19 – 25, 2015
Despite a substantial fall in overall ordering this year, tanker contracting has been robust with 207 ships of 16.6m GT reported of being ordered so far this year, which is already above full year 2014 in terms of GT, according to data released by London-based Clarksons. Greece remained on top of th
Despite a substantial fall in overall ordering this year, tanker contracting has been robust with 207 ships of 16.6m GT reported of being ordered so far this year, which is already above full year 2014 in terms of GT, according to data released by London-based Clarksons. Greece remained on top of th
Australia’s energy company Santos has rejected a takeover approach by Scepter Partners. Santos on Tuesday received a proposal from Scepter Partners, on behalf of the managed funds of its core stakeholders, to acquire all of Santos for a cash consideration of A$6.88 per share. Reuters says that the b
