Karen Ng

Hong Kong, New York, Singapore

Writer and Fact Checker at The Nation

Associate Editor at Poets & Writers Magazine

Articles

US LPG exports to China poised to rebound after tariffs slashed

1 month ago | tradewindsnews.com | Karen Ng

US exports of liquefied petroleum gas to China are poised for a rebound after both countries slashed tariffs for 90 days starting Wednesday. Under the 90-day temporary truce, China will reduce tariffs on US LPG imports to 10% from 125%, while the US will cut tariffs on Chinese imports in April to 30% from 145%. In April, US LPG exports to China had hit a three-month high of 1.6
Taiwan’s ‘Big Three’ carriers in the money for now, but warn of uncertain future

1 month ago | tradewindsnews.com | Karen Ng

Taiwan’s top three liner carriers, Yang Ming Marine Transportation, Evergreen Marine and Wan Hai Lines, have delivered positive first quarter results. However, tariff and trade war uncertainties make a repeat performance in the second quarter less likely, as April and May volumes are likely to have been impacted, the companies said. Yang Ming Marine Transport Corporation’s first quarter net profit for 2025 was TWD 7.78bn
South Korea to pump $39.2m into developing large-scale liquid hydrogen carriers

1 month ago | hydrogeninsight.com | Karen Ng

South Korea to pump $39.2m into developing large-scale liquid hydrogen carriersTask force set up to showcase a demonstration ship by 2027A computer-generated image of a liquid hydrogen carrier concept HD Hyundai KSOE is already working on with Woodside Energy and MOLPhoto: DNV
Indonesian tanker trades set to go long-haul as Pertamina phases out of fuel imports from Singapore

1 month ago | tradewindsnews.com | Karen Ng

Indonesia’s state-owned energy firm Pertamina said it will follow the government’s directive to phase out fuel imports from Singapore starting in November, as it explores import deals with the US. This move will impact product tankers such as MRs and gas carriers, which are primarily used to transport gasoline and LPG to Indonesia, according to market sources.
South Korea to pump $39.2m into developing large-scale liquid hydrogen carriers

1 month ago | tradewindsnews.com | Karen Ng

The South Korean government will invest KRW 55.5bn ($39.2m) into developing large-scale liquid hydrogen carriers, with plans to showcase a demonstration ship by 2027. To that end, South Korea’s Ministry of Trade, Industry and Energy (MOTIE) said it will set up a joint public-private task force to drive this initiative.
VLCC spot rates set to rally on ‘all-time high’ crude oil exports from US to South Korea

1 month ago | tradewindsnews.com | Karen Ng

May could see an all-time high monthly volume of US crude oil exports to South Korea reaching 20 million barrels, if all signalled deliveries are realized, said oil consultancy Kpler. Already in April, US crude arrivals to South Korea rose by nearly 200,000 barrels per day (kbd) month-on-month to hit 540 kbd, Kpler observed, further cementing its position as South Korea’s second-largest crude oil supplier.
Stephenson Harwood rainmakers unwind in style

1 month ago | tradewindsnews.com | Karen Ng

Mirth, merriment and mingling were themes at law firm Stephenson Harwood’s annual Maritime Trade and Offshore client party. Guests sampled locally brewed gin and beer, champagne-blended cocktails and an assortment of wines while enjoying succulent roasted duck, among other canapes served. Stephenson Harwood also had cause to celebrate: its advisory work on seven deals was recognised at Marine Money’s annual 2024 Ship Finance “Deals of the Year” Awards, announced on 2 May.
Adnoc first quarter net profit slips 5% on softer shipping performance

1 month ago | tradewindsnews.com | Karen Ng

Adnoc Logistics & Services has seen its net profit dip in the first quarter despite the takeover of Adnoc boosting revenue from its shipping business. Its bottom line slipped 5% to $185m year-on-year as the shipping business returns fell short of the company's own forecast.
Japan sends

1 month ago | tradewindsnews.com | Karen Ng

Japan has sent its “first ever” recorded middle distillates cargo to Argentina, in what could possibly be the emergence of a new trade route. Kpler’s cargo tracking software detected an LR1 vessel, the 75,000-dwt Hafnia Guangzhou (built 2019), as loading a combined parcel of about 68,000mt of gasoil and jet fuel from the Sendai and Kashima refineries in Japan during the first half of April.
Stephenson Harwood rainmakers host evening of mirth and merriment

1 month ago | tradewindsnews.com | Karen Ng

Mirth, merriment and mingling were themes at law firm Stephenson Harwood’s annual Maritime Trade and Offshore client party. Guests sampled locally brewed gin and beer, champagne-blended cocktails and an assortment of wines while enjoying succulent roasted duck, among other canapes served. Stephenson Harwood also had cause to celebrate: its advisory work on seven deals was recognised at Marine Money’s annual 2024 Ship Finance “Deals of the Year” Awards, announced on 2 May.