Energy News Beat AsiaDry Cargo Robert Etchell / Marine Traffic Bangladesh’s most aggressive buyer of secondhand tonnage Meghna Group has started 2025 in the same vein as last year. The Dhaka-based owner has picked up another modern Japanese-built and owned ultramax bulk carrier adding to at least four units that had joined its Mercantile Shipping […]
Energy News Beat Transka Tankers Two European tanker brokers have joined forces with news Odin-RVB from The Netherlands is taking over Barcelona-based Iberica Tanker Chartering. “As the shipping landscape continues to evolve, we recognize the changing demands and expectations of our stakeholders. This merger is yet another pivotal step in our long-term strategy to adapt, […]
Energy News Beat Operations BSM The chief executive of Germany’s Bernhard Schulte Shipmanagement (BSM), Sebastian von Hardenberg, has been elected as the new president of InterManager. He takes over from Columbia Shipmanagement president and CEO Mark O’Neil, who has been at the helm of the industry association whose members manage over 7,500 ships since 2021. […]
Energy News Beat AsiaOffshore Modec Japanese floater expert Modec and Toyo Engineering Corporation have obtained approval in principle from the American Bureau of Shipping (ABS) for a blue ammonia FPSO. This FPSO is intended to produce and store blue ammonia using associated gas that has conventionally been reinjected into the reservoir without specific applications. The […]
Energy News Beat Containers Denys Yelmanov Midnight tonight sees liner shipping go through its largest reshuffle in a decade as companies jump ship from existing alliances on the main east-west trades. THE Alliance will become the Premier Alliance, with Ocean Network Express (ONE), HMM and Yang Ming Marine Transportation as partners, and Mediterranean Shipping Co […]
Energy News Beat Fleet Management The relationship between shipowners and technology providers must be fixed to save shipping’s decarbonisation ambitions, writes Benny Hilström, vice president of business development at WinGD. Shipowners and operators need technology providers that keep their promises in order to avoid frustration, disruption and delay. That applies in day-to-day operations and is […]
Energy News Beat AsiaOperations Having been one of the fastest growing classification societies during the first two years of Russia’s full-scale invasion of Ukraine, the Indian Register of Shipping (IRS) became the big loser among members of the International Association of Classification Societies (IACS) over the past 12 months. Data from Clarksons Research shows that […]
Energy News Beat A Greek shipping company has pleaded guilty and was sentenced for violating the Act to Prevent Pollution from Ships (APPS) and falsification of records. Eurobulk, run by the Pittas family, admitted to violating APPS in April 2023 during a port call by the Good Heart in the port of Corpus Christi as […]
Energy News Beat Wolfgang Lehmacher and Mikael Lind write for Splash today sharing some of their input to the recently released World Economic Forum AI TradeTech report. Artificial intelligence (AI) is poised to change international trade. AI will improve efficiency, costs, and decision-making. McKinsey reports that AI implementation can reduce forecast errors by 50% and […]
Energy News Beat Prices are still way too high, that’s the problem in the housing market, but they’ve been dropping substantially in some cities. By Wolf Richter for WOLF STREET. Oh my, here goes the real estate industry’s dream of a recovery for existing homes. Pending sales – a forward-looking indicator of “closed sales” of existing homes to […]
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