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...
Looking ahead: The outlook for ammonia freight rates
As we approached the end of 2022, ammonia prices were at an all-time high and the market was enjoying a forward momentum that it seemed nothing could temper. High natural gas prices had forced production cutbacks, the war in Ukraine was causing further supply issues and success was coming easy to newcomers who found the market easy to make money in.
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.