Energy News Beat Megamas Singapore-based offshore service provider Megamas Resources has signed a letter of intent with German yard Lloyd Werft Bremerhaven to begin advanced discussions for the potential construction of a new multi-purpose cable laying vessel with an option for a second unit. Megamas said that the project, being done in partnership with Crewstone […]
Energy News Beat Middle EastPorts and Logistics DP World DP World The Syrian government and DP World have signed a memorandum of understanding worth $800m to develop Syria’s port of Tartous. The deal to develop, manage and operate a multi-purpose terminal at Tartous includes cooperation in establishing industrial and free trade zones. Syria is seeking […]
Energy News Beat Port of Long Beach Jamieson Greer, the US Trade Representative, has been in South Korea this week where shipbuilding talks have taken place as well as pitches made to become an alternate supply of port cranes. As well as meeting with government officials, Greer sat down with HD Hyundai vice chairman Chung […]
Energy News Beat ContainersMiddle East Folk Maritime Folk Maritime Saudi Arabian liner newcomer Folk Maritime is pressing ahead with fleet expansion by adding three more vessels. The Riyadh-based feeder owner and operator, led by former Hamburg Süd boss Poul Hestbaek, has acquired the 702 teu Folk Yanbu, 1,118 teu Folk Jubail and the 1,868 teu […]
Energy News Beat Greater ChinaOperations Chinese government website Chinese government website China has broken the record for the world’s largest car carrier for the second time in under a month with the sailaway of the Anji Ansheng, a 9,500 ceu ship owned by SAIC Anji Logistics, a subsidiary of China’s giant car manufacturer SAIC. The […]
Energy News Beat SIPG Friday’s weekly publishing of spot rates from the Shanghai Shipping Exchange has given a stark picture of the frenzy building on the transpacific. Rates from China to the US west coast leapt 31% week-on-week, while rates to the east coast jumped 22% as shippers rush to make the most of a […]
Energy News Beat HMM The Digital Container Shipping Association (DCSA) has provided details of the world’s first successful standards-based, interoperable electronic bill of lading (eBL) transaction, something the organisation claims marks a “significant advancement toward secure, scalable, and truly paperless global trade”. Despite the availability of digital alternatives for years, eBL adoption has remained constrained […]
Energy News Beat European Navigation As the FuelEU Maritime regulation enters into force, the shipping industry may be looking at a surprising upside. Instead of acting solely as a cost driver, the regulation could create a net financial gain, potentially around €250m ($280m), according to a recent analysis by maritime data and compliance firm OceanScore. […]
Energy News Beat The scale of the training challenge is well-known and new approaches are emerging to meet it, writes Jennifer Harrison, vice president of ABS Training Solutions. Decarbonisation and digitalisation present a decades-long challenge to the shipping industry and there is a growing realisation that their impact will be felt most keenly by the […]
Energy News Beat But some metros hit all-time highs. By Metro: Toronto, Vancouver, Victoria, Calgary, Ottawa, Montreal, Halifax, Edmonton, Quebec City, Winnipeg. By Wolf Richter for WOLF STREET. Demand in Canada’s spring selling season has sunk into a morass, with sales down 9.8% from the already beaten-down levels a year ago. Supply of homes on the market has […]
Pecos Country Operating, LLC is a privately owned oil and gas exploration and production company headquartered in Fort Worth. We own and operate wells across the South Central United States with our predominant means of production coming out of West and North Texas.
