Author: Erick Parel

New Nuclear for Maritime Houston Summit makes headlines

Energy News Beat HD KSOE The New Nuclear for Maritime Houston Summit has been making headlines this week for bullish comments on how atomic propulsion will have a place in the future merchant fleet. HD Korea Shipbuilding & Offshore Engineering (HD KSOE), an intermediary holding company for HD Hyundai’s shipbuilding sector, unveiled a nuclear-powered 15,000 […]

‘We are not a shelter for sanction evasion’: Panama flag

Energy News Beat AmericasRegulatory Panama Maritime Authority Facing pressure from Washington, the Panama Maritime Authority, which looks after the world’s second largest ship registry, has defended its position, insisting it is deflagging many sanctioned vessels.  US officials have accused Panama of not taking action to help enforce sanctions on vessels and shipowners from countries including […]

Countries registering 70% of global tonnage support a carbon levy

Energy News Beat Ocean Rebellion Two new reports led by UCL Energy Institute and Oceans Research Group show what’s at stake at the upcoming International Maritime Organization (IMO) meetings and in the crucial period in the run-up to the Marine Environment Protection Committee meeting set for April. The IMO is expected to agree on policies, […]

The future of PEMEs

Energy News Beat Ronald Spithout from OneHealth by VIKAND gives his impression on how PEMEs should become a more valuable “health pulse” for crew and industry. PEMEs are an accepted method of Pre-Employment Medical Examination and are meant to safeguard vessel operations and crew welfare. They are widely used by shipowners and operators to evaluate […]

Beneath the Skin of CPI Inflation: Worst Month-to-Month Acceleration of CPI since Aug 2023, on Spikes in Used Vehicles, Non-Housing Services, Food, Energy

Energy News Beat By Wolf Richter for WOLF STREET. Inflation dished out another bad surprise with a big increase in January from December, which wasn’t a surprise because inflation, once it gets going, is known to do that. This time, the hot spots were durable goods, fueled by the continued massive month-to-month increases in used vehicle prices, and […]

COSCO moves for six tanker newbuilds

Energy News Beat Greater ChinaTankers COSCO Shipping COSCO Shipping Energy Transportation (CSET) has lined up an investment plan of CNY 3.496bn ($378.3m) for six tanker newbuildings. The board of the listed oil and gas shipping business of COSCO Shipping Group has approved the construction of two aframaxes, two LR2s, and two panamax tankers, the company […]

US stuns European allies, opens Ukraine peace talks with Russia

Energy News Beat [[{“value”:” BRUSSELS – Donald Trump said on Wednesday he and Vladmir Putin had agreed to open talks to end Russia’s war in Ukraine “immediately”, after his defence secretary said it was “unrealistic” that Ukraine’s pre-2014 borders would be restored. As his top diplomatic trio continued their first European tour, US President Trump […]

Shell expects significant near-term LNG demand growth

Energy News Beat Shell released its 2025 energy security scenarios, reimagining its Archipelagos and Horizon scenarios in the context of a world using artificial intelligence. The company also added a third scenario, Surge, which explores the prospect of a new wave of economic growth driven by productivity improvements catalyzed by AI. In Archipelagos, technology development […]

Will Trump’s second term change the future of energy?

Energy News Beat President Trump’s return to the White House appears poised to throw a wrench into the U.S.’s energy transition — though not to stop it. Trump repeatedly pledged on the campaign trail to implement policies favorable to the fossil fuel industry and roll back incentives that have boosted the renewable energy sector in recent […]

Crude Oil Price Forecast: Crude Oil Reclaims $72.83, Targets Higher Resistance Levels

Energy News Beat Crude oil reclaimed the 50-Day MA at $72.83, signaling strength. Watch resistance between $74.60-$74.89 and potential support at $70.91. Crude oil further confirmed the recent swing low of $70.91 as support. On Tuesday, crude triggered a continuation of the rally from that low, reaching a new high of $73.99 for the bounce. Strength […]