Day: March 17, 2025

Woodside, China Resources Gas seal long-term LNG supply deal

Energy News Beat Woodside said on Monday the SPA provides for the supply of about 0.6 million tonnes of LNG per year over 15 years on a delivered basis. The deliveries to China will start in 2027. Woodside executive VP & CCO Mark Abbotsford said this is Woodside’s fourth agreement for long-term LNG sales into […]

Hanwha Ocean, Evergreen ink $1.6 billion deal for six LNG-powered containerships

Energy News Beat Hanwha Ocean announced the signing of the deal for six 24,000 teu LNG dual-fuel containerships in a statement on Monday. The firm did not provide the price tag in the statement, but said in a separate stock exchange announcement that it will build six containerships worth about 2.32 trillion won, or $1.6 […]

Oskar Wehr seals newbuild quartet in China

Energy News Beat Germany’s Oskar Wehr is expanding its fleet with four general cargo newbuilds in China. Newbuilding sources report the Hamburg-based outfit has contracted 5,900 dwt units at Jiangsu Dajin Heavy Industry. No price has been divulged for the order. The yard, which has several German owners on its newbuilding project list, is expected […]

Canada identifies five offshore wind areas in Nova Scotia

Energy News Beat DNV Canada has identified five suitable areas for the development of offshore wind farms in Nova Scotia. A regional assessment initially recommended eight potential wind energy areas, but that was cut down to five. Four of the five areas are south of Nova Scotia’s eastern shore – French Bank, Middle Bank, Sable […]

Elbdeich lifts Wenchong boxship series

Energy News Beat USC German owner Elbdeich Reederei has firmed up orders for two more containerships at Huangpu Wenchong in China. Brokers report the Drochtersen-based company has lifted options for a pair of 1,900 teu newbuilds it held at the CSSC-affiliated yard, following a deal for two firm units earlier this year. The ships cost […]

Prices for vintage capes rise

Energy News Beat Dry CargoUncategorized Prices for vintage capesize bulkers are rising again, as spot rates are up around 300% in a month driven in part by an armada of ships waiting to load bauxite at West African ports.  Lila Global is widely reported to have sold a pair of 2006-built capes, the 172,000 dwt Maran Sailor […]

Campaign to get maritime treaties ratified launches

Energy News Beat IMO The International Chamber of Shipping (ICS) and the Comité Maritime International (CMI), a body responsible for drafting many maritime law conventions, have launched an updated campaign to get governments to ratify urgent maritime treaties. “For a global industry, comprehensively regulated by the International Maritime Organization (IMO) and other United Nations bodies, […]

Liner shipping profits forecast to slide by more than 80% this year

Energy News Beat Containers MSC Liner shipping profits are forecast to slide by more than 80% this year. Analysts at Sea-Intelligence have calculated that the container shipping industry made a combined EBIT last year of $60bn, the third highest figure recorded in the history of the business, and the highest outside the covid era.  One […]

DOF secures FPSO installation gig in Africa

Energy News Beat DOF Norwegian offshore vessel owner DOF has won a contract for an FPSO installation project from an undisclosed client in the Atlantic region. According to an Oslo Bors filing, DOF shall deliver project management, engineering, logistical services, and offshore execution. DOF will use two anchor-handling tug supply vessels to perform the installation […]

Nordic American Tankers bags another suezmax

Energy News Beat EuropeTankers Nordic American Tankers New York-listed suezmax specialist Nordic American Tankers (NAT) has confirmed the addition of another 2016 South Korean-built vessel. The Herbjorn Hansson-led owner and operator has picked up the unnamed tanker in a deal struck in the mid-to-high $60m range, shortly after agreeing to buy a sister vessel from […]