Day: May 1, 2025

Ningbo Ocean Shipping readies newbuild investments

Energy News Beat ContainersGreater China Ningbo Ocean Shipping Ningbo Ocean Shipping Ningbo Ocean Shipping Co (NBOSCO) has revealed a fleet expansion plan, which is expected to see four newbuildings added to its fleet. The Shanghai-listed subsidiary of Ningbo-Zhoushan Port Group has lined up up to $192m for a quartet of 2,700 teu vessels, with the […]

Japan’s Kasuga back for more New Dayang ultramaxes

Energy News Beat New Dayang Shipbuilding Japanese owner Kasuga Kaiun has returned to Chinese builder New Dayang with an order for two more ultramax bulk carrier newbuilds. No price has been revealed for the pair of 64,100 dwt vessels, which takes Kasuga’s bulker orderbook at the shipbuilding arm of state-run machinery manufacturer Sumec Group to […]

US issues further sanctions against Iran

Energy News Beat Whitehouse.org Yesterday, the US imposed sanctions on seven entities engaged in Iranian petroleum products and petrochemical products trade as well as identifying two vessels as blocked property.  The tankers Eloise and Olia managed by Vroom Marine Venture were the one picked up for the latest sanctions as the US continues its so-called […]

A call to action for maritime employers

Energy News Beat Mark Charman, CEO and founder of Faststream Recruitment, provides readers with insights from his company’s latest Global Ship Operators Employment Report. The maritime sector is undergoing a profound shift and ship operators are right at the centre of it. In the Global Ship Operators Employment Report 2025, Faststream Recruitment surveyed ship operators […]

Euroseas spinoff exploring strategic options including sale

Energy News Beat ContainersEurope Euroseas Euroseas Euroholdings, a Nasdaq-listed spinoff and subsidiary of Greek containership owner Euroseas, has initiated a search for strategic options for its business. The company, incorporated in March this year, said that its board, led by chairman Aristides Pittas, has launched a “comprehensive review of strategic alternatives to maximize shareholder value”. […]

Ørsted sells stake in UK offshore wind farm for $600m

Energy News Beat Ørsted Danish offshore wind developer Ørsted has sold a 24.5% stake in the 389MW West of Duddon Sands offshore wind farm to funds managed by Schroders Greencoat. Schroders Greencoat has a combined net generating capacity of over 7GW and £9.6bn ($12.75bn) in assets under management. The asset manager is also a partner […]

SBM Offshore to install BP’s Gulf of Mexico production unit

Energy News Beat SBM Offshore Dutch floater expert SBM Offshore has signed a contract with UK-based supermajor BP for the wet tow and installation of the Kaskida semi-submersible floating production unit (FPU). The Kaskida field is a greenfield Paleogene development located approximately 400 km southwest of New Orleans in the Keathley Canyon area of the […]

Plug-and-play solar power solution launches

Energy News Beat Wattlab, the Netherlands-based maritime solar specialist, has introduced its SolarDeck technology to the seagoing shipping industry.  SolarDeck is a modular and scalable system of deck-mounted solar panels that yield significant reductions in fuel consumption and CO2 emissions. Moreover, based on installation on a seagoing general cargo vessel, SolarDeck combines substantial savings via […]

Why is U.S. LNG Dominating Global Markets?

Energy News Beat Daily Standup Top Stories U.S. LNG will be the United States’ largest export product – Secretary Chris Wright On the Crude Truth Substack, Rey Trevino writes: Secretary Chris Wright provided a comprehensive summary of the first 100 days of the Trump administration’s energy initiatives during the cabinet meeting today. As an oil […]

Mediterranean ECA starts

Energy News Beat Today sees the Mediterranean Sea officially become an emission control area (ECA) for sulphur oxides (SOx). All vessels operating in the region must now comply with stricter environmental standards whereby they either use maximum 0.10% sulphur content in fuel, or use approved exhaust gas cleaning systems also known as scrubbers. In contrast […]