Energy News Beat Japanese information and telecommunication expert OKI has developed a ship classification AI system technology which automatically classifies ship types through deep learning of underwater sounds. This technology makes it possible to continuously and automatically acquire ship classification data, even in environments such as busy ports with high ship traffic and at night, […]
Energy News Beat EuropeTankers d’Amico International Shipping Milan-listed product tanker owner and operator d’Amico International Shipping (DIS) has snapped up another leased vessel. The Carlos di Mottola-led company has declared a purchase option on the 2019-built LR1 Cielo di Houston costing about $26.5m. The Hyundai Mipo Vietnam-built 74,999 dwt unit has been on bareboat charter […]
Energy News Beat Huisman Singapore shipyard group Seatrium has been awarded a contract from Japan-based Penta-Ocean Construction (POC) to construct a heavy lift vessel set to operate in the Japanese offshore wind market. This will be the fifth and largest vessel to be added to POC’s fleet, enabling them to undertake larger wind turbine projects. […]
Energy News Beat AsiaOffshore Icon Offshore Malaysian OSV owner Icon Offshore has secured shareholders’ approval to change its name to Lianson Fleet Group (LFG) as it sets sights on significant fleet expansion. Last year, the Bursa Malaysia listed firm with around 20 OSVs struck a deal that will see it adding 40 vessels, the majority […]
Energy News Beat Euronav Antwerp-based owner and operator CMB.TECH has offloaded three of its vessels, securing a profit of $46.52m. The Saverys family-led group is shipping out the 2007-built suezmax tanker Cap Lara in a deal that will bring in a capital gain of $18.77m. The 2007 Samsung-built 158,826 dwt will be delivered to an […]
Energy News Beat Baltic Shipping China’s Seacon Shipping has expanded its fleet through a €63.7m ($66.5m) deal for seven modern mini bulkers. The Hong Kong-listed company said in a filing it had purchased the Baltic Fin, Baltic Grain, Baltic Moon, Baltic Wind, Baltic Steel, Baltic Sun and the Baltic Split from Baltic Shipping at $9.1m […]
Energy News Beat Navibulgar The Bulgarian owner at the centre of a new cable cutting incident in the Baltic has denied its ship deliberately carried out the latest damage to subsea infrastructure in the region, something analysts are disputing while politicians discuss clamping down further on ships leaving Russia. The Swedish Prosecution Authority seized the […]
Energy News Beat CSET The tanker division of the world’s largest shipowner is readying $1.1bn for its newbuilding programme. COSCO Shipping Energy Transportation is issuing RMB8bn worth of A shares to raise cash to build three aframaxes, six VLCCs and two LNG carriers. The aframaxes will be built by sister firm COSCO Shipping Heavy Industry […]
Energy News Beat There’s just 90 days to go until the second edition of Geneva Dry, the world’s premier commodities shipping conference, with organisers urging people thinking about signing up to do so quickly to avoid disappointment. At last year’s inaugural event, organisers were forced to issue a ‘Sold Out’ sign weeks ahead of the […]
Energy News Beat James Peacock, who leads product development at XMAR, tackles an issue likely to be one of the talking points at this year’s Geneva Dry. Chartering has always been a balancing act of relationships, instinct, and expertise. With artificial intelligence (AI) making waves in every industry, it’s fair to ask: could machines ever […]
Pecos Country Operating, LLC is a privately owned oil and gas exploration and production company headquartered in Fort Worth. We own and operate wells across the South Central United States with our predominant means of production coming out of West and North Texas.
