Energy News Beat Nieto Trading Nieto Trading has been linked to a newbuilding order at South Korean shipbuilder HD Hyundai Mipo for a pair of LPG carriers. Shipbuilding sources report the Dutch-based trading arm of Mexican Nieto Group has signed up for 45,000 cu m units in a deal worth around $163m. The newbuilds should […]
Energy News Beat Canadian Coast Guard Tar balls have emerged on beaches near to where the MSC Baltic III remains grounded on Canada’s eastern seaboard, with the boxship remaining firmly lodged in place more than two months after it ran into difficulties. The Canadian Coast Guard has said there is still no sign of any […]
Energy News Beat Shipping spent the weekend digesting the news from the US where watered down plans to charge China-linked ships extra for American port calls have created considerable outrage in Beijing and Hong Kong, while causing consternation for members of the Ocean Alliance, one of the big groupings in container shipping. The 42-page document […]
Energy News Beat AmericasOffshore Nonprofit ocean conservation organisation Oceana has revealed the destructive legacy of the Deepwater Horizon disaster, which marked its 15th anniversary on Easter Sunday, April 20. The Deepwater Horizon disaster still remains the worst oil spill in US history, with 11 people tragically killed in the rig explosion that caused one of […]
Energy News Beat Modec Floater expert Modec has been awarded a contract by US supermajor ExxonMobil to develop an FPSO vessel for the Hammerhead project in Guyana. The contract, awarded by ExxonMobil’s Guyana arm, is a limited notice to proceed pending necessary government and regulatory approval. Phase one encompasses front-end engineering and design, while phase […]
Energy News Beat With trade between the world’s two largest economies effectively coming to a halt thanks to US president Donald Trump’s tariff war with China, containerlines are blanking sailings on a greater scale than was witnessed at the onset of the covid pandemic five years ago. The global trade outlook – as witnessed by […]
Energy News Beat Piet Sinke / Maasmond Maritime Taiwan’s Wan Hai Lines saw its website taken offline on Friday, becoming the latest liner targeted by hackers. The world’s 11th largest containerline confirmed the cyberattack in a stock exchange filing but said the incident had no significant impact on operations. The company added that no breach […]
Energy News Beat Tobias Backer, executive director of Pelagic Capital, writes for Splash today on shipping’s cash requirements in uncertain times. The maritime industry is no stranger to volatility and uncertainty. However, shipping is currently experiencing a prolonged period of unrest from a myriad of geopolitical challenges that are having a significant impact on maritime […]
Energy News Beat Dry CargoEurope Costamare Costamare Greek shipowner Costamare has set May 7 as the day for the launch of its dry bulk business spin-off on the New York Stock Exchange. Each Costamare shareholder will receive one common share of Costamare Bulkers for every five Costamare common shares they hold as of the close […]
Energy News Beat The former chairman of FESCO has formed a shipping line to provide links between West Africa and Russia. Andrei Severilov, who founded JSC A7 Holding last year, has just debuted A7 African Cargo Lines with a first link set to be established between Novorossiysk and Nigeria’s port of Lagos using two chartered-in […]
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