Liquefaction vessels will account for 80% of forecast expenditure, totalling USD42 billion, between 2019–24, the report said.
Japan’s shipping major has sealed a three-year charter deal with US energy group Koch for a newly constructed VLCC.
There is renewed optimism for the Suezmax sector’s prospects, as the orderbook is limited and more tonnage is expected to be scrapped as the sulphur deadline draws near.
Scorpio Tankers has signed a sale-and-leaseback deal for six MR product tankers and one LR2 product tanker, the fourth such deal in two months.
The US tanker owner is back in expansion mode, having previously been under bankruptcy protection.
Evangelos Marinakis’ Capital Group has booked four LNG carrier newbuildings with South Korea’s Hyundai Heavy Industries.
South Korea's Heung-A Shipping, which has been under financial pressure, has sold two chemical tankers.
Once having boasted a fleet of 180 vessels, Japanese shipowner Sanko has only three vessels left following its drive to downsize its operations.
Japan’s MLIT will build the country’s first LNG bunkering tankers aimed at strengthening Nagoya ports’ competitiveness.