Day: April 13, 2025

Centrofin books four suezmaxes at Samsung Heavy

Energy News Beat Greece’s Centrofin has added tanker newbuildings to its orderbook in a deal with South Korean yard Samsung Heavy Industries. Shipbuilding sources have placed the Dimitris Procopiou-led company behind the order for four suezmaxes at about $83m per ship. Samsung announced the order without disclosing the owner, with deliveries of the 158,000 dwt […]

The energy storage market is getting clobbered by the tariff wars.

Energy News Beat ENB Pub Note: As the tariff wars are in a constant state of flux, this is from Grok on X on the impact of the tariff wars on the energy storage market. We won’t know how this plays out until the negotiations are finalized. Still, we know that money from the Inflation […]

In Ecuador, Noboa Bets Big on Trump

Energy News Beat Cozying up to the U.S. president could be a blessing ahead of the country’s presidential runoff—or a liability. ​Analysis By Mie Hoejris Dahl, a Danish freelance journalist based in Mexico City. Foreign policy isn’t usually a decisive factor in Ecuador’s elections. But as the country heads into Sunday’s razor-edge presidential runoff, Renato […]

UK Will Be More Skeptical of Chinese Investment After Steel Rescue

Energy News Beat ENB Pub Note: In the related story, Millions on coal from Japan to save our steel: Net zero ‘madness’ as taxpayers foot the bill to keep furnaces burning, When making energy and finance decisions, two critical things eventually surface. First, physics matters, and fiscal responsibility will always win. In this case, the […]

10-Year Treasury Yield Snaps Back to February’s 4.5%, Yield Curve Re-Un-Inverts, Mortgage Rates Back at 7%

Energy News Beat The aggressive Bash-Down by the White House of long-term Treasury yields and the dollar since January worked. Until it didn’t. By Wolf Richter for WOLF STREET. The 10-year Treasury yield rose to 4.49% on Friday, back where it had been on February 20. It has snapped back by 50 basis points from the recent low on […]