Energy News Beat Spark’s commercial analyst Qasim Afghan told LNG Prime on Friday that the Spark30S (Atlantic) assessment maintained relatively steady at $3,750 per day, and the Spark25S (Pacific) assessment dropped $1,750 per day to reach a new record low of $9,750 per day. “Spark’s calculated freight rates for 160 vessels in the Atlantic basin remain negative […]
Energy News Beat Mads Frank Markussen, head of freight research and FFA at grain brokerage Copenhagen Merchants, returns to the increasingly discussed issue of artificial intelligence and the future of chartering. Consolidation and financialization are reshaping global markets, particularly in the freight and commodity sectors. As a handful of larger players gain disproportionate control over […]
Energy News Beat EuropeTankers Odfjell Norwegian chemical tanker owner and operator Odfjell has penned contracts to add three more vessels to its orderbook. The Oslo-listed company revealed in its fourth-quarter earnings results it had signed up for one 25,000 dwt stainless steel newbuilding for delivery in 2026 and a pair of 49,000 dwt coated chemical […]
Energy News Beat OperationsRegulatory Hapag-Lloyd Following exhaustive research showing how jobs onboard are still too 24/7, the United Nations’ International Labour Organization (ILO) will look to tighten up the language surrounding work/rest regulations at sea at a Special Tripartite Committee of the Maritime Labour Convention (MLC), scheduled to be held in Geneva in April. The […]
Energy News Beat Moscow is seeking only a lasting solution to resolve the crisis for good, Russian Foreign Ministry spokeswoman Maria Zakharova has said Russia will not accept a “temporary ceasefire” as a solution for the Ukraine conflict, since it will only be used by the collective West to reinforce the “Kiev regime” and its […]
Energy News Beat With energy demand soaring and infrastructure aging, artificial intelligence (AI) is stepping in to reshape the sector. A recent IBM study found that 74% of energy and utility companies are turning to AI to tackle data challenges, streamline operations and drive sustainability. One of AI’s biggest advantages is smarter forecasting. By analysing […]
Energy News Beat Ina Reksten, who runs Norwegian vessel optimisation specialist Manta Marine Technologies, acknowledges many of her clients are struggling to meaningfully translate all the data heading their way. “It sounds straight forward, but a good outcome requires not only strong programming skills and setting data parameters, but also understanding of how a vessel […]
Energy News Beat Donald Trump’s has wasted little time in carrying out his vow to up pressure against Iran with the Office of Foreign Assets Control (OFAC) yesterday slapping sanctions on more than a dozen people and firms that are accused of facilitating the shipment of millions of barrels of Iranian oil to China. The […]
Energy News Beat AmericasContainers HMM The Federal Maritime Commission (FMC) in the US has given its blessing to the formation of the Asian liner grouping, the Premier Alliance. Alliance partners HMM, Ocean Network Express (ONE), and Yang Ming were left stunned when in early November the FMC demanded more information about the new alliance, hobbling […]
Pecos Country Operating, LLC is a privately owned oil and gas exploration and production company headquartered in Fort Worth. We own and operate wells across the South Central United States with our predominant means of production coming out of West and North Texas.
