Energy News Beat CSSC The world’s first ship-to-ship offloading of liquefied carbon dioxide (LCO₂) captured directly from a containership has been achieved at Shanghai’s Yangshan Port. The operation involved Evergreen’s 2014-built 13,800 teu Ever Top, retrofitted with an onboard carbon capture and storage (OCCS) system in 2024. The vessel transferred the captured CO2 to the […]
Energy News Beat Hanwha Ocean Greek owner Evangelos Marinakis has added to his very large crude carriers (VLCCs) orderbook in South Korea. Shipbuilding sources in Greece report Marinakis-controlled Capital has lifted an option at Hanwha Ocean for a single newbuild after signing up for two firm vessels earlier this year, with deliveries expected in 2027. […]
Energy News Beat Dry CargoGreater China Harry Banga-led Caravel Group has confirmed it has become the leading shareholder in Pacific Basin, but has denied rumours it is looking at a possible takeover of the dry bulk giant. In a release sent to the Hong Kong Stock Exchange, Caravel revealed it now controls 16% of the […]
Energy News Beat The recent publication of two maritime technology landscape maps, clustered with hundreds of logos, shows how fragmented this business is despite significant consolidation over the past couple of years. The maritime industry is undergoing a rapid technological transformation, with AI emerging as a driving force behind it. Recent publications, such as the […]
Energy News Beat Operations Suicide cases accounted for more deaths at sea than fatal injury incidents according to a major new survey looking at the fleet insured by Norway’s Gard. Gard’s second crew claims report, published yesterday, outlines trends and developments in seafarer injuries, illnesses and fatalities worldwide drawing on claims data from 3,000 cases […]
Energy News Beat AsiaRegulatory Teekay Teekay Fully 16 years in the making, the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships entered into force today, with the majority of demo yards in Bangladesh and Pakistan – two vital recycling destinations – still not compliant with the international regulation. The Hong […]
Energy News Beat EuropeOffshore Fugro Fugro Dutch surveyor Fugro has been awarded a contract to conduct a comprehensive site characterisation programme for a deepwater gas project in the Eastern Mediterranean. The project is operated by Italian major Eni and is located off the coast of Cyprus. Geo-data acquisition is scheduled to begin in the third […]
Energy News Beat Middle EastPorts and Logistics Mawani Mawani The Saudi Ports Authority (Mawani) has sealed long-term concession contracts worth over SAR2.2bn ($586m) to develop and operate multipurpose cargo terminals at eight major ports across the Kingdom. The 20-year agreements have been awarded to two international port operators: Saudi Global Ports (SGP), a subsidiary of […]
Energy News Beat Dry CargoEurope Sea Trade Holdings (DSI Polaris under previous name) Sea Trade Holdings (DSI Polaris under previous name) New York-listed Greek bulker owner Diana Shipping has secured a new time charter deal with Cargill Ocean Transportation for one of its ultramaxes. The Semiramis Paliou-led company has fixed the 60,404 dwt DSI Polaris […]
Energy News Beat In some industries, profits surged. In others, profits sagged. By major industry. By Wolf Richter for WOLF STREET. The explosion of corporate profits during the high-inflation years stalled in Q1, according to data from the Bureau of Economic Analysis today. That explosion of profits was quite something. From Q1 2020 through Q4 2024, over those […]
