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China turns to coal amid hydroelectric collapse

Inspenet, July 26, 2023.
Hydroelectric generation in China plummeted 23% in the first half of 2023. The increase in demand for electricity in China has led to a greater reliance on coal, as the production of electricity from water has decreased considerably.

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Japan took delivery of its first LNG-powered containership

Inspenet, July 25, 2023.
Shipping company CMA CGM announced that Japan has received its first container ship powered by LNG (liquefied natural gas), marking a milestone by berthing at the Port of Yokohama for the first time. This was achieved with the arrival of the CMA CGM Liberty, a ship that also achieved this achievement in several American ports.

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Oil price rises after OPEC+ production cuts

Inspenet, July 25, 2023.
So far in July, oil prices are up around 9%, after a 4% rise in June. This trend was also influenced by US inflation data, which suggested that the Federal Reserve may be less aggressive on interest rates in the future.

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