US Natgas Prices Rise to Over 3-Week High
US natural gas prices rose more than 4% to $3.13/MMBtu on Monday, reaching their highest level since October 15, as forecasts of a sharp cold spell pointed to stronger heating demand. More than 160 million…
COSCO unveils massive supertanker fleet push
Chinese tanker giant COSCO Shipping Energy Transportation has unveiled a sweeping fleet expansion involving 24 VLCC newbuildings, signing contracts worth RMB9.48bn ($1.42bn) for ten supertankers and lining up another 14 through long-term bareboat charters. The Shanghai- and Hong Kong-listed owner disclosed the deals on November 9, with its wholly owned subsidiary Hainan Cosco Shipping Energy …
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