LNG spot freight rates in the Atlantic Basin rose to an eight-month high amid fears of a Strait of Hormuz blockade but could ease post-ceasefire, shipbrokers said.
The bullish market sentiment that has pushed LNG spot freight rates in the Atlantic Basin to an eight-month high could quickly disappear, following the apparent de-escalation of the Israel-Iran conflict, shipbrokers said.
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With the current status quo being the most likely scenario going forward, market watchers are forced to consider how continued…
Observers say pressure on IMO negotiations appears to be linked to countries that have invested heavily in liquefied natural gas
Most stranded oil and gas tankers remained inside the Gulf, LSEG shipping data showed.
There needs to be a predictable and stable flow of cargo through the strait before markets can stabilise, experts say.
According to Bloomberg, the Liberian-flagged tanker Mubaraz loaded a cargo from Abu Dhabi National Oil Co.’s Das Island facility…
A successful Iran-Israel ceasefire would abate concerns over Tehran's crude supplies and the stability of oil transport through…
