Asia’s LNG market is adjusting to the Gulf shock, but it is doing so through contraction rather than resilience. Imports are set to fall to about 19.03 million metric tons in April, the lowest since June 2020. That decline reflects the near disappearance of Qatari supply to Asia after the closure of Hormuz, with April arrivals from Qatar expected to collapse to about 800,000 tons from an average of just over 6 million tons in the three months before the war.

What makes this adjustment look less chaotic than the oil market is that the burden is being distributed unevenly. China, the region’s biggest LNG buyer, is absorbing much of the shock by cutting imports sharply and, earlier in the crisis, even reselling cargoes into a tight market.

The U.S. Interior Department approved the ninth commercial-scale offshore wind project on Tuesday, advancing the Biden administration’s objective of deploying 30 gigawatts of offshore wind capacity by 2030. Interior Secretary Deb Haaland remarked, “Today’s milestone is yet another step toward our ambitious…

The deepening trade war between the United States and China is starting to reshape one of the core arteries of global commerce — trans-Pacific shipping. Container lines are increasingly severing routes that connect the two nations, a sign that the escalating tariff standoff is not just a policy dispute but a structural rupture in global supply chains.

German shipping giant Hapag-Lloyd has already canceled nearly a third of its westbound shipments from China to the U.S., while Swiss logistics firm Kuehne + Nagel reports that some routes have come to a complete halt, anticipating a 25% to 30% drop in bookings. This collapse in trade volumes comes alongside plummeting shipping rates, with the cost of transporting a standard 40-foot container from Shanghai to Los Angeles falling to its lowest level since 2023.