Day: May 6, 2025

How rising demand for electric vehicles is changing the face of dry bulk

Energy News Beat All week, Splash will be bringing readers reports from Geneva Dry, the world’s premier commodities shipping conference, which took place on April 28 and 29 with more than 820 delegates in attendance. Today’s panel in focus features a brand new slot: EVs And The Supercharging Of Dry Bulk. Electric vehicles are changing […]

DOF vessel duo get work off Brazil

Energy News Beat DOF Norwegian offshore vessel owner DOF has been awarded contracts in Brazil for two of its vessels. The 2007-built diving support vessel Skandi Achiever was awarded an offshore service and survey contract in Brazil in support of a SURF project with operations planned to start in early May and covering three campaigns […]

Boxships back up across Northern Europe

Energy News Beat Port of Antwerp-Bruges Ports across Northern Europe are dealing with what broker Braemar describes as “serious congestion” right now.  In Antwerp, Braemar reported yesterday the yard is already at 96% capacity, and reefer plugs are overloaded at 112%. Nearly half the arriving ships are waiting for a berth, and there are 52 […]

Trump: Can Oil Prices Push Ukraine Toward Peace?

Energy News Beat Daily Standup Top Stories Dropping Oil Price Boosts Odds of Ukraine Peace Deal, Trump Says May 5, 2025 Clark Savage ENB Pub Note: President Trump’s team still does not understand what motivates President Putin to end the war. In the following article from Bloomberg, President Trump oddly says that low oil prices will […]

GTT buys Danelec

Energy News Beat EuropeTech GTT GTT French gas containment specialist GTT is spending $219.7m to buy maritime analytics firm Danelec from Verdane, a European private equity company. The transaction is expected to be completed at the beginning of the second half of 2025. Danelec initially specialised in the development of voyage data recorders (VDRs), before […]

Maersk and HD Hyundai forge decarbonisation pact

Energy News Beat Maersk South Korea’s largest shipbuilding group HD Hyundai signed a partnership with A.P. Moller-Maersk to jointly develop decarbonised shipping technology and global integrated logistics services.  The two companies have signed a memorandum of understanding (MOU) at the HD Hyundai Global R&D Center in Seongnam, Gyeonggi, at a ceremony attended by key figures […]

NY Fed’s “Multivariate Core Trend” Inflation Measure Hits 3.0%, Worst in Over a Year, Predicts Acceleration of PCE Price Index

Energy News Beat Driven largely by non-housing services. Just in time for the Fed meeting. By Wolf Richter for WOLF STREET. Back in April 2022, when the Fed’s favored inflation measure, the PCE price index, was surging towards its June 2022 high of 7.2% year-over-year, and core PCE to a high of 5.6%, the New York Fed came […]

Big Oil Isn’t Backing Down at $60 Oil

Energy News Beat ENB Pub Note: If you have heard the Energy News Beat Podcast, you have heard me say that ESG Investing has impacted American oil and gas companies and their commitment to their investors and stakeholders. I would say that goes for the public and private companies. For the public companies, it is […]

As Trump Targets Climate Fraud, Deeper Scandals Remain Untouched

Energy News Beat ENB Pub Note: The university system has taken taxpayer money for decades to promote the false narrative and throw out true energy issues. There are some universities, like the University of Oklahoma, that have great energy programs that are producing top-notch students. Send your students to schools that will teach useful trade […]