Energy News Beat EuropeTankers Prices are up for vintage VLCCs as brokers predict higher rates for ships trading outside the dark fleet. Prices for vintage VLCCs went down in January. Now, VLCC pricing is firming again for reputable sales candidates, and a whopping $10m spread can be spotted in the latest sales filling up broking […]
Energy News Beat AsiaBunkering An approval in principle (AiP) certificate has been granted for an ammonia fuelled ammonia bunkering vessel. The project has been led by Japanese shipowner Nippon Yusen Kaisha (NYK) along with Singaporean shipyard group Seatrium and its design subsidiary LMG Marin. The design will now be submitted to the Maritime and Port […]
Energy News Beat Regulatory BSM Shipmanagers have expressed concerns in connection with the International Maritime Organization’s future net-zero framework and have suggested changes which they believe would make the proposals more effective. Acting on behalf of the global shipmanagement sector, InterManager, the international association for shipmanagers, has submitted a proposal to the next meeting of […]
Energy News Beat The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on more than 30 persons and vessels in multiple jurisdictions for their role in brokering the sale and transportation of Iranian petroleum-related products, the latest in a series of measures the new Donald Trump administration is taking […]
Energy News Beat Daily Standup Top Stories Natural Gas Prices Surged 160%—And They’re Not Coming Down Soon February 24, 2025 Clark Savage Natural gas prices have jumped in recent weeks in all major consuming markets, including in the United States, where prices have soared by more than 160% from this time last year. Colder winters in […]
Energy News Beat Natural gas prices have jumped in recent weeks in all major consuming markets, including in the United States, where prices have soared by more than 160% from this time last year. Colder winters in North America and Europe have erased all the surplus inventories stockpiled after the previous two milder winters. In […]
Energy News Beat US driller has oil sector on track to grow 17% in 2025 License a ‘challenging card to play’ in talks with Maduro One of the key reasons Venezuela’s economy is slowly recovering from the worst collapse in modern history is an oil giant 2,200 miles away: Chevron Corp. The Houston-based company, which has […]
Energy News Beat The Trump administration imposed a new round of sanctions on oil brokers, ships and people it said were linked to illicit shipments of Iranian crude, framing the move as a return to a “maximum pressure” strategy to squeeze the country’s economy. Twenty-two people and 13 vessels were targeted in the latest sanctions, […]
Energy News Beat Pulitzer-nominated author Ronald Stein stimulates conversations to enhance everyone’s energy literacy. Two decades after the term microplastics was first coined, scientists and environmental advocates are sounding the alarm on the urgent need for global action. The continued use of their by-products has led to a great accumulation of waste in the environment, with […]
Energy News Beat The rethink about manufacturing in highly automated US plants is one of the big changes coming out of the pandemic. Industrial robots cost the same anywhere. By Wolf Richter for WOLF STREET. Apple said today that it would invest $500 billion in the US over the next four years, part of which is centered around […]
