Day: February 5, 2025

Time runs out for Chronos as a shipowner with sale of last kamsarmax

Energy News Beat Dry CargoEurope MarineTraffic / Ruud Coster More than 50 years in shipping is ending as Greek kamsarmax specialist Chronos Shipping is letting go of its last ship, the 2012 built, 81,000 dwt Patra, built at  Japan Marine United. The bulker is noted to have been sold by several brokers who tie a price tag of just […]

Probe reveals more than $6bn in shadow fleet deals

Energy News Beat European and American shipowners have pocketed at least $6.3bn from selling hundreds of ageing tankers on to shell companies, from where they make their way into the shadow fleet, a new probe carried out by the Organized Crime and Corruption Reporting Project (OCCRP) and investigative journalists from Follow the Money has revealed. […]

BP and EnBW tap Interocean for offshore wind farm work

Energy News Beat UK Government Offshore support services provider Interocean Marine Services has won a three-year contract to provide marine vetting and assurance to the Morgan, Mona, and Morven offshore wind projects. The three projects are being developed under a joint venture between energy giant BP and Energie Württemberg (EnBW). Morgan and Mona are located […]

New Jersey cancels fourth offshore wind solicitation after bidders drop out

Energy News Beat BOEM The New Jersey Board of Public Utilities (NJBPU) has pulled the plug on the state’s fourth offshore wind solicitation due to the withdrawal of prospective bidders and Shell freezing its involvement with the Atlantic Shores offshore wind project. There were three initial bidders in the fourth solicitation with two withdrawing and […]

Accident investigation calls for greater use of pilots in Gibraltar

Energy News Beat Government of Gibraltar More pilot use is recommended in Gibraltar, according to a new accident report surrounding one of the most high-profile casualties to hit the British overseas territory in recent years. On August 29 2022, the OS35 bulk carrier was departing the Bay of Gibraltar anchorage and collided with the LNG […]

Flex LNG eyes Oslo Stock Exchange exit

Energy News Beat Flex LNG Flex LNG has set out to leave the Oslo Stock Exchange in favour of listing its shares solely in the US. The Øystein Kalleklev-led company, backed by John Fredriksen, plans to present its plan for voluntary delisting from Oslo in May. Flex, which also trades on the New York Stock […]

US container imbalance worsens despite tariffs

Energy News Beat Amid escalating tensions in an ongoing trade dispute, the anticipated conversation between US President Donald Trump and Chinese President Xi Jinping was scrapped yesterday and has yet to be rescheduled. A tariff tit-for-tat has got underway between the world’s two largest economies with the US putting a blanket 10% levy on all […]