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Asian Refiners Scoop Up US Crude
Oil & Fuel OilIndustry news

Asian Refiners Scoop Up US Crude

Asian refiners are on course to nearly double their purchases of U.S. crude for September from a month earlier, a move that stands to squeeze domestic fuel makers at a time when Americans are already facing record high pump prices.

Editorial Desk

Tariff spat sees Canadian shippers eye alternatives to US market
Shipping & LogisticsIndustry news

Tariff spat sees Canadian shippers eye alternatives to US market

Commercial relations between Canada and its southern neighbour have hit a new low, and logistics providers are seeing more clients trying to diversify from the US market. Trade negotiations broke down on Friday when the Canadians walked away, citing new US demands tabled at the last minute, as well as a litany of justifications Washington invoked to force Ottawa to make concessions. These range from fentanyl smuggling and Canadian dairy rules to ... The post Tariff spat sees Canadian shippers eye alternatives to US market appeared first on The Loadstar .

Editorial Desk

Norway’s Troll Gas Expansion Buys Europe Time—But Not New Supply
EnergyIndustry news

Norway’s Troll Gas Expansion Buys Europe Time—But Not New Supply

Norway has started production from the second stage of the Troll Phase 3 development, accelerating 55 billion cubic meters of natural gas from the Troll West reservoir and helping sustain high gas deliveries to Europe from one of the continent’s most important energy assets. Production began on August 22, several months earlier than planned and a cost at tens of millions of dollars below the original estimate of approximately $1.2 billion, according to Equinor. The project does not increase the Troll field’s recoverable resources. Instead,…

Editorial Desk

LNG Shipping: Pacific LNG Trade on the Rise
Shipping & LogisticsIndustry news

LNG Shipping: Pacific LNG Trade on the Rise

The LNG shipping market is witnessing the emergence of Mexico’s LNG export corridor, underlying the growing influence of the Pacific LNG trade. In its latest weekly report, shipbroker Intermodal said that “amid broader uncertainty in the LNG market, the outlook is being shaped by disruptions to Middle Eastern flows, an uncertain Qatari recovery, and Europe’s ...

Editorial Desk

Express carrier partner ASL Aviation buys 747 freighters from lessor
Shipping & LogisticsIndustry news

Express carrier partner ASL Aviation buys 747 freighters from lessor

ASL Aviation Holdings, a Dublin-based provider of dedicated transportation service, on Monday announced the purchase of two Boeing 747-400 freighter aircraft that have been under the operation of subsidiary ASL Airlines Belgium as leased aircraft to ensure ongoing capacity for shippers. The news follows the recent decision to expand operations in Australia and New Zealand by transferring some standard-size cargo jets from Europe to its Australian carrier. ASL Aviation took the opportunity to acquire the older Boeing jumbo jets when the owner decided to sell them, ensuring no interruption in lo

Editorial Desk