Investigating the vessels used for CO2 shipping
With no real precedent to go by, the size of LCO2 vessels for projected European movements have been crystallising around the 20,000 cubic meters (cbm) mark. But at Clarksons, we believe there could be other possibilities to consider...
Offshore CCS in the UK and Europe – Two steps forward, one step back?
The drive to store waste CO₂ emissions is growing as we edge ever closer to decarbonisation deadlines. But the journey appears to be far from smooth. Whilst Northwest Europe is certainly at the leading edge of offshore storage developments, bureaucracy and politics appear to be hampering efforts. In this article, we look at what point some projects might begin to falter and run out of momentum, as well as investigating whether this emerging market is showing signs of becoming competitive.
Is the tide turning for ammonia freight rates?
Heading towards the end of 2022, high natural gas prices had forced ammonia production cutbacks and the Ukraine conflict was further exacerbating supply. As a result, prices were driven to all-time highs. However, since entering 2023, we’ve seen European natural gas prices drop below last year’s average. In this article, we examine what this means for ammonia freight rates going forward.