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Showing research about Mode - Tanker

20210122-shipbuilding-china

South Korean shipyards win in December as China suffers setbacks

South Korea’s shipyards reportedly won 42.6% of new orders globally in 2020, beating Chinese yards’ 41.2%. A recovery in industry orders hasn’t obviated the need for consolidation though with the merger of Hyundai Heavy Industries and Daewoo Shipbuilding still on track for late H1’21. South Ko... Read more →

20201015-canal-panama

Panama Canal misses out on Asia-U.S. trade recovery bonanza

The Panama Canal has seen a continued downturn in traffic in the wake of COVID-19 disruptions to global shipping. Total transits fell by 16.5% year over year in September despite a marked surge in global trade volumes. While the Canal offers a faster route to the U.S. east coast from Asia in n... Read more →

20200624-lng-us

Shell, Sempra LNG shipments deflate as Mexican demand drops

Liquefied Natural Gas (LNG) demand in Asia is proving slow to recover after COVID-19, leading to cancellations of 40 to 45 deliveries from U.S. exporters in August, a similar number to that seen in July. The sector was already struggling. While U.S. LNG exports climbed 71.0% higher in April co... Read more →

20191127-shipbuilding

Rising Tide of Shipbuilding Exports Masks Sinking Order Books

Consolidation continues in the shipbuilding industry after the creation of China Shipbuilding Group from the country’s two largest shipyard operators, CSIC and CSSC. That follows a similar deal between South Korea’s Daewoo Shipbuilding and Hyundai Heavy. In the short-term the industry appears ... Read more →

20191112-panama-total

Panama Looks to Suck in More LNG Tankers as Phase 1 Deal Beckons

The Panama Canal Authority will double the number of slots made available to LNG tankers to four per day in order to build its share of the burgeoning market. LNG tankers represented 110 crossings in 3Q 2019, up 29.4% year over year. The Suez Canal meanwhile handled 213 crossing over the same ... Read more →

20190716-panama-panama

Panama Pushes Ahead as Suez Channels Trade War Pain

The number of vessels passing through the Panama Canal rose 2.1% year over year in June despite drought-related draft restrictions. That marks a turnaround from a 2.1% decline in the prior three months on average. The improvement may represent a shift in shipping away from the Suez Canal, whic... Read more →

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