File Photo: Igor Grochev / Shutterstock
By Ann Koh and Sergio Chapa (Bloomberg) —
Traders may have diverted another cargo of liquefied natural gas to Europe instead of China amid the continent’s energy crunch.
The vessel Hellas Diana sharply changed course from Tianjin and is likely headed to Europe, according to Mathew Ang, an analyst at Kpler. The ship, which left Corpus Christi, Texas, around Nov. 27, U-turned near Hawaii and is traveling toward the Panama Canal, Bloomberg shipping data showed.
At least seven other cargoes originally bound for Asia have been diverted to Europe, where rapidly falling temperatures and energy shortages pushed Dutch TTF prices to record highs last week. The region is attracting more supplies as Asia’s biggest buyers are opting to use their inventories this winter instead of procuring more. Japan-Korea benchmark prices are trading at a rare discount to European rates.
© 2021 Bloomberg L.P.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,879 members that receive our newsletter.
Have a news tip? Let us know.
The Royal Navy warship HMS Diamond successfully shot down an anti-ship ballistic missile targeting a merchant vessel in the Gulf of Aden, marking the first time a Royal Navy warship...
By Rakesh Sharma and Julian Lee (Bloomberg) — India has granted marine insurance approval to four Russian firms, adding impetus to Moscow’s efforts to avoid the use of Western service providers....
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on over a dozen entities, individuals, and ships for their role in the clandestine sale of Iranian unmanned...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 105,879 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
