Energy News Beat Peter Döhle Germany’s Peter Döhle Schiffahrts has added to its boxship orderbook with up to five 8,400 teu newbuilds in China. Shipbuilding sources say the Hamburg-based boxship and bulker owner and operator has contracted three firm and two optional vessels at CSSC Guangzhou Shipyard International (GSI), paying between $120m and $125m per […]
Energy News Beat Daily Standup Top Stories Musk gains ‘full access’ to US Treasury system February 2, 2025 Mariel Alumit Elon Musk’s Department of Government Efficiency (DOGE) has been granted full access to the US Treasury Department’s payment system, according to reports from The New York Times and The Wall Street Journal. Historically, access to […] China […]
Energy News Beat SeaBird Marine seismic specialist SeaBird Exploration and Singapore’s tender drilling rig specialist Energy Drilling are set to merge in a share-for-share deal creating a diversified offshore oil and gas services player. Under a letter of intent, the transaction will be carried out by issuing about 651m new SeaBird shares to Energy Drilling […]
Energy News Beat Tankers Tsuneishi Aframaxes sales are filling up broking reports at an increasing rate as sanctions rain in. So far this year, about 10 ships have been reported sold in the aframax segment, tankers that reportedly are being sold charter-free, based on prompt delivery. One of the latest sales involves Greek account IMS, […]
Energy News Beat AsiaShipyards India’s finance minister Nirmala Sitharaman announced on Saturday the creation of a $2.9bn maritime development fund for the long-term financing of the country’s shipbuilding and repair industry, the latest in a series of measures the Narendra Modi administration is taking to make the world’s most populous nation a top 10 shipyard […]
Energy News Beat Teo Malnar The dire start to the year for LNG carriers has hit new low benchmarks with some ship types now in negative territory in the Atlantic basin. Spark Commodities, which tracks LNG rates, is reporting 160,000 cu m TFDE vessels were assessed at minus $2,250 per day at the end of […]
Energy News Beat Elon Musk’s Department of Government Efficiency (DOGE) has been granted full access to the US Treasury Department’s payment system, according to reports from The New York Times and The Wall Street Journal. Historically, access to this system has been restricted to a small group of career civil servants due to its sensitivity. […]
Energy News Beat Prime Minister Justin Trudeau has said Canada must stand up for itself and protect its national interests amid US trade restrictions Canadian Prime Minister Justin Trudeau has announced retaliatory 25% tariffs on American goods, hours after US President Donald Trump imposed sweeping trade restrictions on Canadian imports. “Tonight, I am announcing Canada […]
Energy News Beat [[{“value”:” The US president has placed restrictions on Chinese goods in what he said was retaliation for failing to stem the flow of migrants and drugs into America China will file a lawsuit at the World Trade Organization (WTO) and take other retaliatory measures against US President Donald Trump’s new tariffs on […]
Energy News Beat Six workers have been injured as a result of a fire at California’s Martinez Refining Company A massive fire broke out at a refinery in Martinez, California on Saturday, prompting a shelter-in-place order for surrounding neighborhoods due to concerns about air quality. The order has since been lifted. The blaze erupted after […]
