Day: April 23, 2025

Bulk carrier becomes latest piracy victim in the Singapore Strait

Energy News Beat AsiaPiracy The pirate attacks keep coming thick and fast in Indonesian waters of the Singapore Strait.  Ambrey, a British maritime security specialist, reports that a Marshall Islands-flagged bulk carrier was boarded by four individuals while transiting eastbound through the Philip Channel, a patch of water that has become the global piracy hotspot […]

Chinese yards largely unscathed from US port fees

Energy News Beat Shanghai Waigaoqiao Shipbuilding Non-Chinese shipowners can breathe a sigh of relief that they can still order most ship types risk-free in China, according to HSBC, following last week’s decision by the US Trade Representative to water down penalties on Chinese-linked tonnage.  The competitiveness of Chinese yards remains intact, according to the global […]

Chemical tanker attacked off Nigeria

Energy News Beat AfricaPiracy A Marshall Islands-flagged chemical tanker was boarded by four individuals some 100 nautical miles southwest of Brass, Nigeria, according to UK maritime security specialists Ambrey. The individuals approached the vessel in a black-hulled skiff. No weapons were reported during the incident.  The individuals remained onboard for four hours and stole crew […]

Any old spares?

Energy News Beat Andrew Craig-Bennett warns about the risks of using prevalent knock-off spare parts. When a new ship leaves her builder for her maiden voyage, she will carry spare parts. We can probably – probably – assume that these spare parts, as well as the renewable and consumable components fitted in her mechanical and electrical […]

US targets Iranian LPG magnate

Energy News Beat The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated Iranian national and liquified petroleum gas (LPG) “magnate” Seyed Asadoollah Emamjomeh and his corporate network, for his role in shipping hundreds of millions of dollars’ worth of Iranian LPG and crude oil to foreign markets.  Emamjomeh’s expansive network […]

In 15 Bigger Cities, Condo Prices Already -10% to -22%, 5 Are in Florida with Accelerating Drops. Absurdity Comes Unglued

Energy News Beat Austin, Oakland, Saint Petersburg (FL), San Francisco, Chula Vista, Detroit, New Orleans, Denver, Jacksonville, Naples, Tampa, Mesa, Portland, Seattle. By Wolf Richter for WOLF STREET. Condos are often the first and biggest movers in local housing markets. Prices exploded in many of them over the three years between mid-2019 and the peak in mid-2022, by […]