Energy News Beat Washington faces a daunting but critical task. The Chinese start-up DeepSeek stunned the world and roiled stock markets last week with its release of DeepSeek-R1, an open-source generative artificial intelligence model that rivals the most advanced offerings from U.S.-based OpenAI—and does so for a fraction of the cost. Influential tech investor Marc […]
Energy News Beat Hapag-Lloyd said on Tuesday that the financing will be carried out on the basis of its “green financing framework” for the order placed in October last year. Yangzijiang Shipbuilding will build 12 vessels each with a capacity of 16,800 teu, while New Times Shipbuilding will build 12 ships each with a capacity of 9,200 […]
Energy News Beat China’s Ministry of Finance said in a statement on Tuesday that the US government announced on February 1 the imposition of a 10 percent tariff on all Chinese goods exported to the US, citing fentanyl shipments and other issues. “The unilateral imposition of tariffs by the US is a serious violation of […]
Energy News Beat South Africa’s minister of mineral and petroleum resources, Gwede Mantashe, has called on African countries to withhold mineral exports to the US. The comments come after US President Donald Trump announced plans to cut aid to South Africa over its land expropriation policies. Speaking on Monday at the Investing in African […]
Energy News Beat Iranian scientists are working on a faster method to develop nuclear weapons, the New York Times reported on Monday, citing US intelligence sources. According to the report, a covert team of Tehran-based scientists has been tasked with finding a new way to produce an atomic bomb to deter potential US or […]
Energy News Beat Shipping companies from Western countries sold off discarded oil tankers that became part of Russia’s shadow fleet, according to a joint report by investigative news media from several European countries. According to the cross-country investigation “Shadow Fleet Secrets” published by news outlets from Germany, Belgium, Norway, Denmark and the United Kingdom […]
Energy News Beat Offshore drilling giant Noble Corporation has revealed plans to divest two cold-stacked drillships to eliminate costs related to these units. Noble said it would divest the 2014-built Pacific Meltem and 2011-built Pacific Scirocco rigs and prioritise resources on the existing marketed fleet. According to the rig owner, it will divest these units […]
Energy News Beat Shipping markets have profited from turbulence in this decade, but far bigger changes are coming in the years ahead, argues Tim Smith, a director at Maritime Strategies International. As we approach the mid-point of this decade, from a shipping market fundamentals perspective the most important factor of the 2020s so far has […]
Energy News Beat Japanese liner Ocean Network Express (ONE) has teamed with Korean logistics outfit LX Pantos to create Boxlinks, a joint venture providing end-to-end domestic intermodal transportation services in the US. Boxlinks will provide customised service to customers in the US, leveraging access to an expanded equipment pool. Customers can utilise containers through Boxlinks […]
Energy News Beat Mediterranean Shipping Company (MSC), the world’s largest liner, has just launched iReefer, a container monitoring system for reefer cargo. This solution allows customers to track and monitor their temperature-controlled shipments in real time, from anywhere in the world. MSC offers three iReefer packages. The basic package, iReefer Essential, is free of charge […]
