Day: May 15, 2025

How iron ore seaborne trading patterns are changing

Energy News Beat Some heavy-hitters were on stage for the final session of this year’s Geneva Dry summit, the iron ore panel moderated by Tim Huxley, the CEO of Mandarin Shipping, who kicked proceedings off by asking panellists if there had ever been a more difficult time to form a market view. “We’re always swimming […]

Doun Kisen back at Nantong Xiangyu with newcastlemax orders

Energy News Beat AsiaDry CargoGreater ChinaShipyards Nantong Xiangyu Shipbuilding & Offshore Engineering Nantong Xiangyu Shipbuilding & Offshore Engineering Japan’s Doun Kisen has further boosted its bulk carrier orderbook in China with three newcastlemax newbuilds. Multiple broking outfits report the diversified shipowner has returned to Nantong Xiangyu Shipbuilding & Offshore Engineering for the 210,000 dwt trio […]

Germany opens up for ship recycling

Energy News Beat EuropeOperations EWD EWD Germany has approved its first facility dedicated to the dismantling and recycling of large ships. This facility, operated by EWD Benli Recycling, is located in Emden on the site of the parent company Emder Werft und Dock (EWD). The company has secured the necessary governmental permits that classify it […]

Denmark first to launch remote pilotage

Energy News Beat With approval from the Danish Emergency Management Agency, DanPilot and Danelec are now initiating a test program for remote pilotage – the first of its kind in the world.  The test program created by DanPilot and Danelec allows pilots to guide ships from land, using only advanced data transmitted directly from the […]

Singapore LNG volumes rise in April

Energy News Beat Preliminary bunkering data on MPA’s website shows LNG bunkering sales in the world’s largest bunkering port reached 41,996 mt last month. This compares to 35,552 mt in April 2024. Also, this is the highest monthly volume this year. MPA said last month that LNG bunkering volumes reached 39,025 mt in March, up 1 percent […]

Here Come the HELOCs: Mortgages, Housing-Debt-to-Income-Ratio, Serious Delinquencies, and Foreclosures in Q1 2025

Energy News Beat Who’s on the hook this time? Mostly not the banks, but taxpayers, except for HELOCs. By Wolf Richter for WOLF STREET. Mortgage balances rose by $195 billion (+1.5%) in Q1 from Q4, and by $358 billion (+2.9%) year-over-year, to $12.8 trillion, according to the Household Debt and Credit Report from the New York Fed, based […]