Energy News Beat Dry CargoEurope Golden Ocean Peder Simonsen, the acting chief executive of bulker owner Golden Ocean, will continue in the role on a permanent basis. Golden Ocean’s chief of finance, Simonsen, was named interim CEO of the Nasdaq- and Oslo-listed owner of more than 80 bulkers last May when Lars-Christian Svensen decided to […]
Energy News Beat These sellers have to compete with inventory of new houses that in the South is now above Housing Bust highs. By Wolf Richter for WOLF STREET. Inventory is piling up in Florida. Active listings jumped by 5.9% in March from February, and by 34% year-over-year to 177,006 homes, the highest in the data from realtor.com […]
Energy News Beat Windcoop, a French cooperative, has placed a landmark order in Turkey for a sail-powered boxship. Tuzla-based RMK Marine, which is also building the wind-powered Neoliner Origin roro, will build the new-look container vessel. The 91.3 m long open hatch ship, costing EUR28.5m ($31.6m), has a capacity of 210 teu, plus 40 reefer […]
Energy News Beat ResInvest Group and Myrtle Marine Corp have entered into a strategic joint venture, forming a 50/50 partnership to invest in Mira Bulk. Mira Bulk will focus on marketing Myrtle Marine’s vessels and servicing the freight needs of EP Resources. “With a strong presence in both geared and gearless markets, Mira Bulk will […]
Energy News Beat Italian-Swiss dry bulk group Nova Marine Carriers has established a joint venture with Marcegaglia for shipments of raw materials to the manufacturing sites of the Italian steelmaker. The JV called NovaMar Logistic will take over the management of the 2012-built open hatch 26,300 dwt handy bulker Sider Luck and operate it on […]
Energy News Beat Green methanol provider C2X has secured $100m in further investment from A.P. Møller Holding, A.P. Møller – Mærsk and Japanese energy company ENEOS. The proceeds from the investment will primarily be used to fund the final development phase of the Beaver Lake Renewable Energy (BLRE) project which C2X is developing together with SunGas […]
Energy News Beat Legal proceedings are set to unfold in the aftermath of last month’s North Sea collision between the containership Solong and the product tanker Stena Immaculate, with owners filing claims against each other. Court records indicate that Solong‘s owner, Ernst Russ from Germany, filed a legal claim at the Admiralty Court on Thursday […]
Energy News Beat Shipping stocks remain under severe pressure today as the world comes to terms with the immensity of Wednesday’s tariff announcements from US president Donald Trump. The average US tariff rate has now been set at just under 25%, levels not seen since the 1930s and the days of the Great Depression. The […]
Energy News Beat Oslo-based Atlantica Shipping has seen one of its platform supply vessels contracted long-term in UK waters. Shell is taking the 2003-built Skandi Caledonia on hire for at least one year, with further extension options attached to the contract. The PSV, acquired by Atlantica in 2023 from DOF, which continues to manage the […]
Energy News Beat Ningbo Ocean Shipping Co (NBOSCO) has announced that Zongquan Xu is stepping down as chairman and will no longer serve as a member of the company. The director and manager at Zhejiang Seaport Shipping is leaving the Shanghai-listed subsidiary of Ningbo-Zhoushan Port Group after four years at the helm. In addition, Xiaofeng […]
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.
