Day: April 14, 2025

Sea1 Offshore sells 2014-built OSCV

Energy News Beat EuropeOffshore Sea1 Offshore Sea1 Offshore Norwegian offshore vessel operator Sea1 Offshore has sold one of its offshore subsea construction vessels (OSCV) as part of its fleet renewal program. The company said that it sold its 2014-built OSCV Sea1 Spearfish to an unnamed independent third party. The vessel is currently on a contract […]

Fortescue signs up for CMB.TECH ammonia-powered newcastlemax

Energy News Beat CMB.TECH CMB.TECH, the shipowning vehicle controlled by the Saverys family, has signed an agreement with Australian miner Fortescue to charter an ammonia-powered vessel ordered in China. The 210,000-dwt ammonia-powered newcastlemax will feature a dual fuel engine and is expected to be delivered by the end of 2026. The Saverys family-controlled bulker arm, […]

Early liner peak season gets underway

Energy News Beat Port of Los Angeles Amidst all the tariff bombast coming out of the White House last week, liner fortunes actually improved. Global spot indices were up marginally, with Drewry, the British architects of the World Container Index, suggesting that rates will increase in the coming weeks due to tariffs and reduced capacity. […]

Taiwan charges Chinese master over cable cutting

Energy News Beat Greater ChinaOperations Shan Mei 7 Shan Mei 7 For the first time, Taiwan has charged a Chinese ship captain for intentionally damaging undersea cables in February.  The master of the Chinese-crewed, Togo-flagged Hong Tai 68 maintains his innocence in one of many cable cutting incidents around the island in recent months. The […]

Estonia detains shadow tanker

Energy News Beat EuropeTankers Estonian government Estonian government Estonian authorities detained an 18-year-old tanker on Friday for flying a false flag, the first time a Baltic littoral state has taken such action against Russia’s so-called shadow fleet.  Kristjan Truu, director of Estonia’s Maritime Department of the Transport Administration, said 40 problems have been detected with […]