The global liquefied petroleum gas (LPG) market is facing an upheaval as high tariffs on U.S. imports force Chinese buyers to swap American cargoes for alternatives from the Middle East, while U.S. shipments divert to Europe and elsewhere in Asia.The shakeup is expected to depress the shale gas byproducts' prices and demand, hurt the bottom lines of U.S.
Mitsubishi Shipbuilding, part of Mitsubishi Heavy Industries (MHI) Group, and Nippon Gas Line (NGL) have secured an Approval in Principle (AiP) from Nippon Kaiji Kyokai (ClassNK) for a low-pressure type liquefied CO2 (LCO2) carrier to serve in coastal transportation.Demand for LCO2 carriers is expected to grow in tandem with CCS (carbon dioxide capture and storage) projects involving marine