Count down to CMA Shipping 2026
The count down is on for this year’s CMA Shipping 2026 conference and exhibition taking place from 10–12 March 2026 at the Hilton Stamford Hotel in Stamford, Connecticut. Organised by the Connecticut Maritime Association (CMA) and Informa Markets, this flagship event is set to bring together the most influential voices in the maritime industry for three days of industry networking, knowledge sharing, and innovation.CMA Shipping 2026 features a robust conference agenda designed to address the most pressing issues facing the maritime sector.
Canada and Australia LNG cargoes headed to the Atlantic after Arctic storm in a rare move
Ship tracking data revealed that at least three LNG cargoes, loaded in Australia and Canada, are headed to Europe and the Americas, instead of Asia, their usual destination. This is because an Arctic storm has curtailed?exports out of the U.S. The diverting of "supply" away from Asia could lead to a tightening in supply and support the spot LNG price in that region. The price of gas has risen globally due to the increased demand. "Pacific cargoes could be brought into the Atlantic to backfill lost?U.S. Alex Froley is a senior LNG analyst with energy consultancy ICIS.
Russian Oil Stored in Tankers Awaits Sales
Traders are increasingly using tankers to store Russia's Urals crude as demand weakens and customers weigh growing sanctions risks, Reuters calculations based on LSEG and trade data show.Major importers India and Turkey have cut purchases since the end of the last year amid tougher Western sanctions, including recent U.S. measures on Rosneft and Lukoil and a European Union ban on fuel produced from Russian crude. Prices for Russian oil have sunk to record lows.The growing number of tankers waiting to discharge cargoes has tightened vessel availability for shipping Russian oil…
TotalEnergies executive: LNG buyers prioritize supply security over price.
An executive from French oil giant TotalEnergies told the India Energy Week Conference on Wednesday that global?instability?is pushing buyers of liquefied natural gas to prioritize energy security?over other considerations such as price. Ronan Bescond is Total's Vice President of Long-Term Marketing and Origination for gas and Power. He said that buyers are more likely to sign agreements with companies such as TotalEnergies who have access to global LNG portfolios they can use to redirect cargoes if necessary in order to avoid local blocks.
Orban: US involvement in Venezuela is good for energy markets
The U.S. decision that led to the ouster of Venezuelan President Nicolas Maduro should have a positive effect on the world's energy markets, said Hungarian Premier Viktor Orban on Monday. He added that both Venezuela and the U.S. would control half of all global oil reserves. Special Forces, the largest U.S. intervention since 1989's invasion of Panama in Latin America, swooped in on Caracas with helicopters over the weekend to apprehend Maduro and then take him to New York for a drug charge. Orban's ally Donald Trump of the United States, who exempted Hungary for 2026 from U.S.
Asia Spot LNG Prices Rise with South Korean Demand
Asian spot liquefied natural gas prices edged up this week as forecasts for colder weather boosted demand in South Korea, but overall weak buying in China left prices down 34% since the start of 2025.The average LNG price for February delivery into Northeast Asia LNG-AS was estimated at $9.60 per million British thermal units (mmBtu), up from $9.50 last week, the lowest since April 2024, industry sources said."The market still seems to be pressured by the continuous soft demand from Asia with weak economic indicators and ample alternative supplies like coal in China.
The plastic pollution talks are pushed into overtime by countries pushing for a late breakthrough
The talks to create the first legally-binding treaty in the world to combat plastic pollution ran overtime on Thursday. They were adjourned for the next day. The extent of future restrictions on what was supposed to be the last day of the United Nations negotiations in Geneva. Luis Vayas Valdivieso told the delegates that the meeting would continue into Friday. The United Nations Environment Assembly established the INC in 2022. Its mandate was to create a global, legally-binding treaty on plastic pollution.
Asian Spot LNG Prices Decline, Weak Demand Amidst Sanctions
Asian spot liquefied natural gas (LNG) prices declined this week due to weak demand and as markets awaited further clarity on U.S. Russian energy sanctions or secondary tariffs.The average LNG price for September delivery into north-east Asia LNG-AS was at $11.90 per million British thermal units (mmBtu), down from $12.10/mmBtu last week, industry sources estimated.Spot global gas prices have been relatively rangebound since the start of summer gas season in April, with a brief spike during the Iran strikes in June…
Russian Oil Vessels Forced to Divert From India Under US Sanctions
At least two vessels loaded with Russian oil bound for refiners in India have diverted to other destinations following new U.S. sanctions, trade sources said, and LSEG trade flows showed.The U.S. Treasury Department this week imposed sanctions on more than 115 Iran-linked individuals, entities, and ships, some of which are involved in transporting Russian oil.U.S. President Donald Trump has urged countries to halt purchases of oil from Moscow, threatening 100% tariffs unless Russia agrees…
Asian Spot LNG Prices Fall to Ten-Week Low
Asian spot liquefied natural gas (LNG) prices slipped for a second consecutive week to a ten-week low, weighed down by tepid demand and increasing supply from new projects.The average LNG price for September delivery into north-east Asia LNG-AS was at $11.90 per million British thermal units (mmBtu), industry sources estimated. This is down from $12.30/mmBtu last week and its lowest since May 16."Prices fell this week in part because of persistent weak Asian demand, with limited additional…
Canada exports first LNG cargo from Pacific Coast
A spokesperson for Shell-led LNG Canada confirmed on Monday that Canada's first LNG export cargo was shipped from its Pacific Coast to Asia. The cargo was loaded on the tanker Gaslog Glasgow at LNG Canada's Kitimat site, British Columbia. This happened just over a weeks after the facility had confirmed its first production. It became the first large commercial LNG operation of the country. LNG Canada is North America's first major LNG plant with direct access to Pacific Coast. The project…
Senior Taiwan official visits new Alaska LNG site
A senior Taiwanese government official revealed on Saturday that he visited this week the site of an enormous new LNG project in Alaska, which the Trump administration is pushing to its Asian allies as a possible supply option. Energy developer Glenfarne said that on Tuesday, 50 companies had expressed formal interest in contracts valued at more than $115 Billion from its Alaska LNG Project. This massive infrastructure project is championed and backed by U.S. president Donald Trump. Pan…
Glenfarne’s Alaska LNG project receives interest of $115 billion from more than 50 firms
Energy developer Glenfarne announced on Tuesday that Glenfarne Alaska LNG has completed its first round of strategic partner selection with more than 50 companies who have expressed formal interest in over $115 billion contract value of the Alaska LNG project. According to the Alaska LNG project document, if built, it will export up 20 million metric tonnes per annum supercooled gas. This would allow U.S. LNG to be delivered directly to Asian markets, without the need to travel through the Panama Canal and around the Horn of Africa. Transit time and costs could be reduced.
Asian countries are looking to purchase more US energy in order to balance trade imbalance
As they try to reduce their trade surpluses with Washington, Asian governments are buying more U.S. gas and oil in order to ease their tariff burdens due to President Donald Trump’s new import duties. Many Asian countries have large trade surpluses and also are major energy importers. Trump's tariffs have caused economic and market turmoil. Here are some measures Asian countries will take to increase their purchases of U.S. gas and oil. Energy Minister Bahlil lahadalia said to local media…
Asian countries are looking to purchase more US energy in order to balance trade imbalance
As they try to reduce their trade surpluses with Washington, Asian governments are buying more U.S. gas and oil in order to ease their tariff burdens due to President Donald Trump’s new import duties. Many Asian countries have large trade surpluses and also are major energy importers. Trump's tariffs have shook markets and economies. Here are some measures Asian countries will take to increase their purchases of U.S. gas and oil. Energy Minister Bahlil lahadalia said to local media that…
Trump tariffs stymie M&As and IPOs during what was expected to be a record-breaking quarter
The global trade war started by U.S. president Donald Trump, and the subsequent market turmoil, has shattered bankers' expectations for a strong start to Wall Street deals in 2018. Dealogic data for the first quarter showed that mergers and purchases volume increased 12.6% from the year-ago period to $984.38 Billion. The Asia Pacific region was largely responsible for this, where three state-run deals announced on Sunday by China and a port deal driven by Trump nearly doubled the M&A volume compared to last year. Worldwide, banks are reducing deals and revenue. The first quarter volume in the U.S.
M&A revenues fall as Trump pursues his tariffs. Global deal activity is disappointing
The global trade war started by U.S. president Donald Trump, and the subsequent market turmoil, has shattered bankers' expectations for a strong start to Wall Street deals in 2018. Dealogic data for the first quarter showed that mergers and purchases volume increased 12.6% from the year-ago period to $984.38 Billion. The Asia Pacific region was largely responsible for this, where three state-run deals announced on Sunday by China and a port deal driven by Trump nearly doubled the M&A volume compared to last year. Worldwide, banks are reducing deals and revenue. The first quarter volume in the U.S.
Chinese copper smelters are struggling with margin collapse
Industry insiders say that major copper smelters in China, the world's largest consumer, have started equipment maintenance during March, traditionally peak demand season, to try and stem the losses caused by a worsening shortage of feedstock, which is hurting margins. The fact that plants are being shut down during one of the busiest periods of the year shows how much refiners suffer from the lack of copper concentrate. This problem is compounded by the overcapacity in smelting, which has led to fierce competition and pushed treatment fees well below zero.
First Quantum talks with potential partners about Zambian assets
First Quantum Minerals, a Canadian miner, said that it is in discussions with potential partners about its Zambian assets. It did not reveal the names of these firms. Three people with knowledge of the deal said that Saudi Arabian Manara Minerals was close to a deal for a minority share in First Quantum Zambian copper-nickel assets. In morning trading, shares of the company rose 3% to C$18.93. Copper is an important element in the clean energy revolution, as it is used in electric cars, and to power data centers that use artificial intelligence.
BHP's return in Argentina is a new sign of hope for copper mines that are still untapped
More than half a dozen officials from the mining industry said that a new incentive program for mining in Argentina has attracted major players like BHP. They are now looking to the South American nation as the next frontier for the copper market. BHP's investment in Argentina last month was the first time in 20 years that BHP had invested in mining. The company teamed up in the $3.25billion buyout of Filo Corp with Canada's Lundin Mining with the goal of developing two mines of copper along the Andes Mountains bordering Chile.