Day: January 26, 2025

Candler firms up MPP brace at New Jiangzhou Shipyard

Energy News Beat New Jiangzhou Shipbuilding German MPP specialist Candler Schiffahrt has bolstered its orderbook at China’s Jiangxi New Jiangzhou Shipbuilding Heavy Industry in a deal for two additional vessels. The Bremen-based company has contracted the 12,000 dwt brace for an undisclosed price tag following a deal for four newbuildings last March. Shipbuilding sources said […]

SITC lifts Huanghai boxship series to eight

Energy News Beat SITC Chinese boxship player SITC International Holdings has exercised options at Huanghai Shipbuilding for two additional 1,800 teu vessels. The Hong Kong-listed shipowner is paying nearly $58m to lift the series at the compatriot yard to eight, with deliveries for the latest pair scheduled by October and December of 2027. SITC signed […]

Havfram seals European wind farm deal

Energy News Beat Havfram Norwegian offshore wind contractor Havfram has landed another construction project in Europe. The work, anticipated to last about one year, will be executed in 2029, utilising one of the company’s newbuild installation vessels, slated for delivery in the second half of 2025, Havfram said without disclosing further details. This marks the […]

Solstad scores triple OSV fixture

Energy News Beat EuropeOffshore DeepOcean Norwegian offshore vessel owner Solstad Maritime has secured more work for its fleet with three vessels fixed to undisclosed clients. The company, which is expected to float on the Oslo Stock Exchange in the second quarter of this year, has landed a 135-day contract for the 2014-built construction support vessel […]

Trump Reignites Coal Industry at Davos – Make Coal Great Again MCGA

Energy News Beat ENB Pub Note: While President Trump’s remarks are around coal, he says, “Nothing can destroy coal. Not the weather, not a bomb. It’s a great backup.” The topic around the President’s policies and comments sheds light on the fact that low-cost energy is critical for economic success. Germany is finding out the […]

Trump to sanction Colombia for refusing to take back illegal aliens

Energy News Beat Bogota must accept the “criminals they forced into the United States,” the US president has said US President Donald Trump has said that he will impose emergency tariffs on Colombia and sanction its officials after Colombian President Gustavo Petro refused to allow American planes carrying deported illegal immigrants to land in the […]

Trump Freezes Department of Energy’s $50 Billion Budget

Energy News Beat In a sweeping move that halts billions in spending, President Trump’s administration has frozen the Department of Energy’s (DOE) activities pending a comprehensive review of its alignment with his priorities. According to a memo from acting Energy Secretary Ingrid Kolb, the freeze affects grants, loans, procurement, studies, and even personnel decisions, effectively […]

Nuclear Stocks Soar on Stargate AI Infrastructure Announcement

Energy News Beat Nuclear energy stocks are experiencing a resurgence due to increased demand from AI and data centers. The Trump administration’s $500 billion AI infrastructure venture further boosted nuclear stocks. Nuclear power is seen as a solution to meet the growing energy demands of AI and data centers while reducing greenhouse gas emissions. Over […]

Stargate’s first data center is underway in Texas. Public filings show how much it will cost to build.

Energy News Beat President Donald Trump announced the $500 billion AI project, Stargate, earlier this week. Stargate’s first data center is under construction in Abilene, Texas, said Oracle CTO Larry Ellison. Public filings for an Abilene development matching Ellison’s description shed some light on costs. Construction on what appears to be two buildings on Stargate’s […]

Albany’s new fossil fuels ‘super-fund’ could hit consumers hard

Energy News Beat ENB Pub Note: The New York legislators and Gov Hochul are not looking at things in a “what is best for my constituents” type of model. This article points out that this will trigger a mass exodus, or in my opinion, speed up the exodus of businesses and tax-paying consumers leaving New […]