Energy News Beat The maritime industry is undergoing a rapid technological transformation, with AI emerging as a driving force behind it. Recent publications, such as the Global Maritime Tech Startup Map 2025 by Flagship Founders and SkySail Advisors’ Maritime Technology Landscape, highlight the explosive growth of companies providing tech solutions for the sector as well […]
Energy News Beat Ship sales have been limited in June, with prices coming down by and large. According to Clarksons Research, secondhand prices have been easing since the third quarter of last year, with Clarksons’ five-year-old tanker and five-year-old bulker indices now down 16% and 14% respectively since August last year. Starting with dry bulk, […]
Energy News Beat Donald Trump’s chaotic trade policy making has led to unexpected volatility in container shipping freight markets. After the carriers pulled capacity from the Pacific, the US and China came to a short-term agreement on tariffs. On June 11, Trump said on his social media channel that “our deal with China is done” […]
Energy News Beat China’s air conditioning season increases electricity demand, which increases coal demand, which adds to the volume of spot fixtures of capesize and panamax bulk carriers to ship coal from Australia to China. Offsetting this, India’s monsoon season arrived eight days earlier than usual with above average rainfall predicted for 2025 with temperatures […]
Energy News Beat Oil and tanker markets generally benefit from geopolitical disruption. The outbreak of open warfare between Israel and Iran on June 12, with the US weighing in overnight on June 21/22, certainly has given the markets plenty to chew on. VLCC freight markets have reacted to events as one would expect. Freight rates […]
Energy News Beat Israel and Iran went to war, sparking massive tension in and around the Strait of Hormuz. Two tankers suffered a fiery collision south of the strait following extensive GPS spoofing. The US briefly joined the conflict before president Donald Trump claimed a ceasefire had been reached earlier this week. Two titans of […]
Energy News Beat I have come to the realisation (truth be told, I have been politely informed) that my job is transitioning. Thank you, ChatGPT! This month has been mind-blowing for me exploring how advanced machine learning and artificial intelligence (AI) is when it comes to the day job of being a professional shipping newshound. […]
Energy News Beat Japan, once the undisputed titan of global shipbuilding, is embarking on an ambitious journey to rejuvenate its maritime manufacturing prowess, aiming to double its shipbuilding output by 2030. This bold strategy, spearheaded by the ruling Liberal Democratic Party (LDP) and the newly appointed leadership of the Japan Shipbuilding Industry Association (JSIA), is […]
Energy News Beat No longer the cleanest dirty shirt. By Wolf Richter for WOLF STREET. The somewhat bedraggled US dollar lost more ground against the euro today. It now takes 1.16 USD to buy 1.00 EUR, putting the dollar at the lowest level against the euro since November 2021. In early January, after the euro had fallen against […]
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.
