Demand from Asia set to power global gas industry growth over the next five years – IEA

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Global demand for natural gas is set to keep growing over the next five years, driven by strong consumption in fast-growing Asian economies and supported by the continued development of the international gas trade, the International Energy Agency (IEA) said. Demand for natural gas grew 4.6% in 2018, its fastest annual pace since 2010, according […]

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Global shipping recovery remains elusive despite green shoots, says Fitch

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Outlook for global shipping remains negative, Fitch Ratings said, as there are no expectation of a material improvement in market fundamentals in 2018 due to lingering overcapacity. Both container and bulk show signs of a revival, but the longevity of this trend remains uncertain due to limited adherence to capacity discipline in the sector, Fitch […]

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Commodity boom boosts global freight rates, but shipping companies still not breaking even

Shipping freight rates are rising on the back of the commodity boom, but shipping companies are yet to start breaking even, a newspaper reported. The Baltic dry bulk, tanker segment, and other freight indices have risen over the past few months, following good demand in India, China, the Atlantic market, and the Gulf coast, the Business Standard reported. The Baltic dry […]

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Gas security remains a concern despite improving market flexibility, well supplied markets – IEA

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While gas markets are currently well supplied, the transformation of natural gas markets from regional systems to more globalised and interdependent markets is creating new security challenges, according to the International Energy Agency’s latest assessment of global gas security. In a report that provides an extensive analysis of recent gas balancing issues and risks with […]

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Global shipping industry to see moderation in excess supply; EBITDA to fall slightly – Moody’s

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The outlook for the global shipping industry is stable, underpinned by a moderation in the excess supply in vessels for the dry bulk and containership sectors, while EBITDA for the rated shipping companies generally will fall modestly this year on an organic basis excluding M&A, Moody’s Japan K.K. said in a research note. “Signs of […]

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IMO sulphur reduction deadline to hit the world of commodities

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The global shipping industry is dreading a regulatory decision that while reducing maritime pollution, will nearly double fuel costs in a sector already reeling from its worst downturn in decades. In an attempt to curb emissions from ships, the UN International Maritime Organization (IMO) has placed a cap on sulphur content in marine fuel oil […]

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Colombia’s population rue mining projects threatening foreign investment as violence spreads

Mining companies have warned that Colombia will face a wave of popular rebellions against mining projects that will drive away foreign investment unless it establishes rules for the industry and prioritises national over local interests. A curfew has been imposed in Colombia’s largest Pacific port city, Buenaventura, during hours of looting and clashes in which […]

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Global LNG trade saw dramatic rise last year as new supplies came to market

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Global LNG trade in 2016 reached a record 258 million tonnes (MT) – a dramatic increase of 5% from 2015 when compared with the average 0.5% growth rate of the previous four years, the International Gas Union (IGU) said in its latest industry report. This jump can primarily be attributed to a significant increase in […]

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