Author: Erick Parel

China’s gas imports continue to drop

Energy News Beat The data from the General Administration of Customs shows that natural gas imports reached 9.66 million tonnes in April. This compares to 10.29 million tonnes in April 2024. The country paid about $4.2 billion for gas imports last month. China’s gas imports reached 38.99 million tonnes in the first four months of this year, […]

Germany, Egypt seal FSRU charter deal

Energy News Beat A BMWK spokeswoman confirmed the signing of the charter agreement to LNG Prime in an emailed statement on Friday. “The FSRU Energos Power has now been sub-chartered to Egypt – the BMWK has successfully signed a contract with the Egyptian Natural Gas Holding Company (EGAS) for the sub-chartering of the ship,” the […]

UK readies sanctions on another 100 Russian-linked tankers

Energy News Beat ENB Pub Note: Sanctions don’t work as intended is a great line that Irina Slav has said. There are an estimated 1400 dark fleet tankers, and 230 being sanctioned is inconvenient for Russia, but won’t stop the oil trade. It will be the secondary sanctions that the U.S. would put in place […]

MOL buys stake in Taiwanese offshore wind farm

Energy News Beat CIP Danish fund manager Copenhagen Infrastructure Partners (CIP) has agreed to divest a 10% stake in the 495MW Fengmiao I offshore wind farm in Taiwan to Japanese shipowner Mitsui OSK Lines (MOL). Through this acquisition, MOL enters Fengmiao I as co-owner alongside CIP’s fifth flagship fund, CI V. Fengmiao I is CIP’s […]

Petrobras plans to decommission 68 platforms and reuse three FPSOs

Energy News Beat AmericasOffshore Brazilian state-owned giant Petrobras has revealed it will decommission almost 70 offshore platforms and FPSOs, three of which it has already decided to repurpose. Petrobras said that it is planning on decommissioning 68 platforms, two this year and a total of ten by 2029. The remaining 58 will be removed after […]

Backers of new US Virgin Islands registry present plans to Trump

Energy News Beat AmericasOperations The backers of a new open registry have dusted off plans first aired three years ago, and presented the concept of a US Virgin Islands (USVI) flag to Donald Trump, amid the current government’s determination to bolster American maritime.  The flag idea has been submitted to the White House by the […]

Empowering Filipino seafarers for a sustainable global maritime future

Energy News Beat Filipino seafarers represent the largest global crew contingent but are we doing enough to support them for tomorrow’s shipping industry, asks Mailyn Borillo, managing director, OSM Thome Philippines. Filipino seafarers remain an essential pillar of global maritime operations. Representing more than a quarter of the world’s maritime workforce, they are known for […]

Master of Chinese boxship accused of severing Baltic gas pipeline appears in HK court

Energy News Beat X.com The master of the Newnew Polar Bear, a Hong Kong-flagged boxship, has been taken into custody in Hong Kong for damaging a gas pipeline in the Baltic Sea 19 months ago. Wan Wenguo, 43, appeared at a court in Hong Kong yesterday to face a charge of criminal damage and two […]

Swire takes a stand against the shipping of donkey skins

Energy News Beat AsiaContainers Swire Shipping Swire Shipping The Donkey Sanctuary, a British charity, has hailed Swire Shipping as the first global shipping line to commit publicly to a no donkey skins carriage policy.  At least 5.9m donkeys are slaughtered for their skins every year. The collagen from their skin produces ejiao, a traditional Chinese […]

Washington unveils another package of sanctions aimed at Iran’s oil shipments

Energy News Beat Whitehouse.org The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated the teapot refinery Hebei Xinhai Chemical Group and three port terminal operators in Shandong Province for their role in purchasing or facilitating the delivery of hundreds of millions of dollars’ worth of Iranian oil.  OFAC has also imposed […]