Greening the U.S. Federal Fleet
The international shipping industry as a whole is responsible for 2% to 3% of global greenhouse gas emissions, and if nothing changes, those will increase by 250% by 2050, according to the International Maritime Organization (IMO). Sobering numbers like these have made reducing emissions across the sector a focus for governments, shipbuilders, environmentalists, vessel owners and technology suppliers alike.The United States federal ship fleet, excluding combat ships, consists of various types of vessels utilized for civilian purposes. This fleet of vessels makes the U.S.
Global Seaborne Coal Trade Up Nearly 6% in 2021
Global seaborne coal trade rose by 5.7% last year, driven by rising demand from steelmakers for coking coal and its products as economies began to recover from the coronavirus crisis, Germany's VDKi coal importers lobby group said.Imports and exports of hard coal across the globe stood at 1.18 billion tons in 2021, up from 1.116 billion in 2020, the Verein der Kohlenimporteure (VDKi) estimated.Trade in coking coal rose by 6% to 903 million tons while that of steam coal for power stations was up 4.9% at 277 million tons…
Europe Sleep Walking into an Energy Crisis: Analyst
The downing of flight MA17 has prompted calls for further sanctions on Russia targeted at its energy sector. Douglas-Westwood in its 'DW Monday' analysis considers whether such sanctions could have sufficient teeth. Russia is the world’s largest exporter of natural gas and second largest exporter of oil which together account for near 60% of its export earnings. Gazprom supplies 30% of Europe's gas - some 15% via Ukraine - and has warned exports will be affected if sanctions are expanded. But in its payments row with Ukraine Gazprom has already stated that it will “only be supplying the exact amount of gas requested by our European partners to the Russia-Ukraine border”.
Fredriksen, BG Group Close to Settlement
The world's top shipping magnate John Fredriksen is close to solving a dispute with British utility BG Group and could soon see increased earnings for four of his ships, shipping sources said. "Their differences have been resolved and they've reached an agreement, but that still hasn't been finalized," said an LNG industry source. The dispute first became public last month when Norwegian Golar LNG, in which Fredriksen has a half share, said it might be considering legal action against the New York broker that fixed the four Golar ships into the barely profitable deal with BG. Both Golar and BG declined to comment on the rumor of a resolution, but other LNG industry sources said there had been a "re-organization of rates," and the deal could be completed within weeks.
Shell: Short Term LNG Contracts Will Be the Norm
Shell Gas & Power said on Tuesday short-term liquefied natural gas (LNG) contracts will become common within the next decade. Shell Gas & Power President Peter de Wit said that because of the heavy cost of building the fixed infrastructure needed to deliver LNG, almost all contracts are long-term at present, but buyers are seeking flexibility. "We could see 25 percent of contracts over time will probably become short-term contracts," de Wit said. De Wit, who is also the director of Shell's Asia-Pacific gas business, said short-term contracts, which may last a few months up to a few years, could be common in 5-10 years time. Buyers like Korea Gas Corp (KOGAS) - the world's single largest LNG importer - want the flexibility, de Wit said.
