lng shipping

Articles from lng shipping

LNG Ships Still Avoiding Red Sea, but Market Said Insulated from Diversions

LNG ships are still avoiding transit in the Red Sea via the Bab el-Mandeb Strait to Europe or Asia and instead diverting around Africa’s Cape of Good Hope to avoid attacks from Yemen-based Houthis militants. However, global liquefied natural gas buyers have yet to show signs that added shipping costs and delivery delays are impacting…

February 7, 2024

LNG

U.S. LNG Exporters Seek Alternative Routes to Asia as Panama Canal Bottleneck Worsens

A persistent drought impacting the Panama Canal has left LNG shippers with a few alternatives; either wait for weeks in a growing queue, pay exorbitant prices to jump the line or take a long detour. The water levels at Alajuela and Gatun, the two artificial lakes that supply water to the canal, have continued to…

November 15, 2023

LNG

Floating Storage Reaches Into January as LNG Market Awaits Colder Weather

LONDON (ICIS) — Price spreads between Europe and Asia widened earlier in the week but had narrowed again by 16 November.

November 18, 2022

LNG

Flex LNG Chief Sees Tight Freight Markets, Volatility Ahead for Global Natural Gas Trade

The last year has been a chaotic one for the liquefied natural gas (LNG) trade, and it could be a preview of what’s to come in the years ahead as the super-chilled fuel is further commoditized, according to Flex LNG Ltd. CEO Oystein Kalleklev. Flex owns a fleet of 13 LNG carriers. Like others in…

December 17, 2021