Day: March 12, 2025

Captain arrested on suspicion of gross negligence manslaughter over North Sea collision

Energy News Beat ENB Pub Note: Odd timing that US-flagged tanker carrying fuel for the US Military is hit by a ship that was a direct course for the anchored ship for over an hour. Our Air Force moves Jet fuel around the world for readiness and to protect our Presidents when traveling abroad. With […]

American private equity takes over leading ship supplier

Energy News Beat AmericasOperations J.F. Lehman & Company (JFLCO), a US private equity firm, has bought ship supplies specialist Wrist from Altor Fund II (Altor). No price has been revealed for the acquisition. “Wrist is an outstanding fit with our investment strategy. Its strong positioning with blue-chip customers, differentiated logistics capabilities and innovative digital solutions […]

Bangas buy India’s International Maritime Institute

Energy News Beat The Banga family, who own Hong Kong’s Caravel Group and Fleet Management, have bought India’s International Maritime Institute (IMI) for an undisclosed sum. ‘Established in 1991, the IMI in Noida near New Delhi, specialises in pre-sea training for cadets. Acknowledging what is described as an “urgent challenge” to attract and develop young […]

Hapag-Lloyd sends another seven vessels in for jumboisation treatment

Energy News Beat ContainersEurope German liner Hapag-Lloyd has earmarked another series of ships for jumboisation. Alphaliner is reporting seven vessels built around a decade ago have been heading to China where their capacities are being expanded from 9,324 teu to around 10,200 teu. COSCO Zhoushan Shipyard has been tasked with the project. Two years ago, […]

Houthis issue warning to Israeli ships

Energy News Beat Middle EastOperations X / @army21ye Yemen’s Houthi group said Tuesday that they are resuming a ban on the passage of all Israeli ships in the Red Sea, Arabian Sea and Bab al-Mandab Strait after a four-day deadline they gave Israel to allow humanitarian aid into the Gaza Strip expired. Israel halted all […]

Kohl’s Spirals into Brick-and-Mortar Meltdown, Blames “Constrained” Consumers, but it’s Just Losing them to Ecommerce, which is Booming

Energy News Beat The stock plunged 24% today to lowest since 1997, down 89% from peak, and has joined our Imploded Stocks. By Wolf Richter for WOLF STREET. Shares of department store Kohl’s plunged 24% today to $9.19, the lowest price since August 1997. But that 24% plunge today is barely visible in a 10-year chart. The stock […]