Pertamina partners with BGN on new VLGC shipowning joint venture
New joint venture will initially focus on VLGCs, but could branch out into ammonia shipping
gas
UK manufacturers fear blackouts and job losses after energy subsidy cut
Impact of reduced state support with company power bills could prompt job cuts, warns industry bodyAlmost two-thirds of manufacturers in Britain fear blackouts this winter amid the fallout from the energy crisis, according to an industry survey, as con…
Editor’s selection: Euronav ‘must keep shipping oil’; Greeks return to Russia crude; Lone LNG carrier sent for scrap in 2022
Some of the biggest stories TradeWinds covered this week
Putin has gambled away gas leverage, says German vice-chancellor
Robert Habeck says ‘half of our eggs were in the basket of Putin’ but Germany is now recovering capacityRussia-Ukraine war – latest news updatesVladimir Putin has gambled away his gas leverage over Europe, Germany’s vice-chancellor has claimed as he so…
Clarksons hails ‘remarkable’ year as rate index surges 30% to new record
Review highlights an industry managing wide-ranging disruption in turbulent times
LNG carrier spot rates ease into 2023 but term business active
Levels for modern vessels were up almost 30% in 2022 on preceding year, Affinity says
Single LNG carrier scrapped in 2022 with slim pickings forecast ahead
But older ships will come under increasing scrutiny as regulations toughen
Why are wholesale gas prices falling and will it cut UK bills?
Falls could lower cost of government subsidies and reduce risk of power cuts this winterEuropean gas prices tumble amid warm January weatherEconomic forecasters could be forgiven for reading the outlook for 2023 through their fingers as strikes, cost o…
March of LNG and methanol fuelling uptake set to roll on in 2023, DNV says
But more specialised bunker vessels will be needed to service newbuildings already contracted
Risk of UK winter power cuts fades amid fall in wholesale gas prices
Demand for heating in UK and Europe falls amid mild weather but concerns remain over suppliesWhy are wholesale gas prices falling and will it cut UK bills?The likelihood of power cuts in Britain this winter has diminished “significantly” after a sharp …