Energy News Beat Hapag-Lloyd The Smart Container Alliance has been launched to drive the adoption of smart container technology. This initiative aims to unite industry stakeholders in a collective effort to enhance cargo traceability, fortify maritime trade, and support global enforcement agencies in the fight against criminal networks. The Smart Container Alliance aims to advance […]
Energy News Beat Amid surging demand from data centers (AI, cloud, crypto) and increasing share of EVs. By Wolf Richter for WOLF STREET. The quantity of electricity generated in the US by all sources, from natural gas to rooftop solar, rose by 3.1% in 2024 from 2023 to a record of 4,304,039 gigawatt-hours (GWh), according to data from […]
Energy News Beat New Dayang Shipbuilding Singapore’s Adhart Shipping has been named as the owner behind a debut product tanker order for Chinese bulker builder New Dayang. The subsidiary of state-run machinery manufacturer Sumec Group announced its entry into tanker shipbuilding in January through a deal for four MR units with an undisclosed owner. Newbuilding […]
Energy News Beat Ningbo Marine Chinese owner Ningbo Marine has added to its ultramax bulker orderbook with two newbuilds firmed up at compatriot yard. The Shanghai Stock Exchange-listed company signed up for up to four 64,000 dwt vessels at Jiangsu Haitong Offshore Engineering Equipment last November. The deal covered two firm vessels at about $37m […]
Energy News Beat AmericasOffshore ExxonMobil US supermajor ExxonMobil has announced a nearly $200m investment in the Kipper 1B Project, bringing online much-needed additional gas supply from the Gippsland Basin. The project, approved by ExxonMobil subsidiary Esso Australia and its co-venturers Mitsui and Woodside Energy, will utilise the Valaris 107 jack-up rig to drill and install […]
Energy News Beat EuropeTankers Pantheon Tankers Greece’s Pantheon Tankers has set out to expand its fleet with a fresh newbuilding contract in South Korea. Multiple shipbuilding sources report the deal is in place with HD Hyundai Heavy Industries for a pair of scrubber-fitted suezmax vessels. Genoa-based shipbroking group Banchero Costa has placed a “slightly softer” […]
Energy News Beat Greek owner Tsakos Energy Navigation (TEN) has lined up a deal for shuttle tanker newbuildings in South Korea. Brokers in Greece have linked the New York-listed company and Samsung Heavy Industries to a nine-ship contract under the tender launched last year by Petrobras’ logistics subsidiary Transpetro. The dynamic positioning vessels come with […]
Energy News Beat CIP Danish fund manager and renewables investor Copenhagen Infrastructure Partners (CIP) has taken full ownership of the Morecambe offshore wind project from COBRA Group and Flotation Energy. The financial terms of the transaction are not disclosed. Flotation Energy will remain involved after the transaction as a development partner to the project. Morecambe […]
Energy News Beat Dry CargoEurope Oldendorff Carriers Oldendorff Carriers is back in the market, selling ships. The latest sale is one of many bulker sales this week, bringing a bit more optimism to the secondhand market. This time, Oldendorff has sold a ship in its favourite segment, selling the 13-year-old, Taizhou Catic-built 93,000 dwt post-panamax Cora […]
Energy News Beat Greater ChinaOperations LS Cable Taiwan’s coast guard detained a cargo ship and its Chinese crew on Tuesday. The vessel is suspected of damaging the cable connecting Taiwan to its outlying Penghu Islands, Taiwan’s coast guard said in a statement. The Togo-flagged Hongtai58 and its eight Chinese crewmembers have been taken to the […]
