Energy News Beat Dry CargoEurope Icon Energy Nasdaq-listed Greek bulker outfit Icon Energy is expanding its fleet by bringing in a 2020-built ultramax on a bareboat charter. The Ismini Panagiotidi-led company said the 63,668 dwt scrubber-fitted vessel, to be named Charlie, should join the fleet between May and August 2025. The deal includes an advance […]
Energy News Beat EuropeTankers Performance Shipping Nasdaq-listed Greek tanker owner and operator Performance Shipping has nearly doubled its money by selling one of its aframaxes. The Andreas Michalopoulos company has offloaded the 2011-built P Yanbu for $39m after picking up the 105,400 dwt vessel in late 2020 for $22m. The Japanese-built unit has been delivered […]
Energy News Beat EuropeTankers Uni-Tankers Denmark’s Uni-Tankers is renewing its fleet with two modern stainless steel vessels. The Per Ekmann-led outfit is adding the Selandia Swan to its owned fleet this spring. The ship is said to represent the company’s ongoing commitment to renewing its fleet with new, energy-efficient tonnage. Uni-Tankers is also bringing in […]
Energy News Beat APM Terminals AP Moller-Maersk has reached an agreement with the Port Authority of New York and New Jersey to extend APM Terminals Elizabeth’s lease through December 2062. Originally set to expire in 2029, the 33-year lease extension “paves the way for major infrastructure investments which will enhance capacity and transport velocity, create […]
Energy News Beat U.S. President Donald Trump has announced that any country that buys oil or gas from Venezuela will pay a 25% secondary tariff on trades with the United States, Reuters reported on Monday, with Trump claiming that Venezuela has sent “tens of thousands” of people to the U.S. who have a “very violent nature. Earlier […]
Energy News Beat Dry CargoEurope Geir Vinnes / Marine Traffic Greek bulker owner Diana Shipping has landed another charter deal with Cargill, the New York-listed company’s fourth fixture with the commodities trading giant in just over a month. The Semiramis Paliou-led company has secured employment for the 2010-built panamax Leto from end-March through to July […]
Energy News Beat Shell is considering a potential delisting from the London Stock Exchange, which could have significant implications for BP’s future. BP is facing investor pressure for strategic changes and may be open to a merger, with Shell being a potential acquirer due to its financial strength and market capitalization. BP’s successful oil trading […]
Energy News Beat ENB Pub Note: This article is from Robert Bryce and his Substack. We highly recommend subscribing and supporting his work. He has amazing points on Energy and today is no exception. The world needs low-cost energy, and as I talked about Net Zero today on the Energy Realities podcast, the world is […]
Energy News Beat But “competition limited the pass-through of higher costs to selling price … which will harm profits.” By Wolf Richter for WOLF STREET. Overall economic growth accelerated in March from February, driven by a sharp acceleration in services activity, which bounced off the 15-month low in February – with “companies reporting improved new business inflows amid […]
Energy News Beat Net Zero is Dividing the World We are seeing some notable trends in the energy and finance markets. Energy Policies and laws incorporating the Net Zero mandate from governments have started breaking into two camps. Countries that are heading to Net Zero are having more financial problems, and those that are not […]
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