US Energy Markets: Transforming the Shipping Industry
By Darrell Conner and Nickolas Milonas
It was not too long ago that the focus of energy debates in the United States was on importation of liquefied natural gas (LNG) and crude oil. The price of bunker fuels was dramatically increasing, cutting into corporate profitability. Orders for foreign flag tankers were skyrocketing, while the numbers of domestic US-flag tankers was flat or declining.
What a difference a few years can make. Today, discussions about those issues have dramatically shifted, changing the landscape of shipping around the globe…. (More)