LNG shipping freight rates continue to be under pressure from weak Asian demand and a growing fleet. Shipowners are now pinning hopes on a revival in European demand. However, European LNG demand growth will not be sufficient to raise freight rates, according to the newly launched LNG Forecaster report published by global shipping consultancy Drewry.
Development of clean alternative energy resources has been growing in Canada and contributing significant employment opportunities. However, a new clean energy industry report has concluded that the federal government is ignoring those resources in favor of fossil fuels.