Author: Erick Parel

U.S. Imposes Sweeping Steel, Aluminum Tariffs

Energy News Beat The European Union and Canada retaliate with a slew of countermeasures. ​ World Brief FP’s flagship daily newsletter, catching you up on 24 hours of news in five minutes. Delivered weekdays. Sign Up By submitting your email, you agree to the Privacy Policy and Terms of Use and to receive email correspondence […]

Video footage of North Sea accident surfaces

Energy News Beat Screenshot: Orca AI Newly obtained video footage has revealed the moment the containership Solong struck the tanker Stena Immaculate off the coast of East Yorkshire on Monday. The impact and subsequent explosion were captured by Orca AI’s lookout unit Seapod mounted on the tanker Ionic Aspis anchored off the port of Grimsby […]

More tankers and dry bulk carriers turn away from the Red Sea

Energy News Beat While there have been no attacks by the Houthis from Yemen on merchant shipping this year, shipowners are still giving the Red Sea a wide berth to the consternation of the Suez Canal Authority. Indeed, for shipping’s two largest sectors, the number of ships avoiding the Red Sea has actually increased this […]

BW Offshore sells FPSO to Murphy Oil for $125m

Energy News Beat AmericasOffshore BW Offshore Floater specialist BW Offshore has sold the FPSO BW Pioneer to US oil and gas player Murphy Oil subsidiary. The FPSO was sold for $125m which includes an initial payment of $100m upon delivery of the FPSO at the end of the current contract period which ends on March […]

ALL-DC-SHIPS project kicks off

Energy News Beat EuropeTech Twelve partners from eight European countries have come together to drive forward a €10.2m ($11.1m) project that will demonstrate a full DC electrical grid concept on a real vessel. The ALL-DC- SHIPS project will advance the electrification of maritime transport with a fully DC-based architecture, including the secondary network supplying hotel […]

Tons down, miles up

Energy News Beat Andrew Craig-Bennett provides readers with an overview of what tariffs mean for seaborne trades. A problem with trying to write about the possible effects of tariffs on the merchant shipping business is that the people who want to stick tariffs on stuff keep changing their minds. However, there are some broad statements […]

Kern County, California, general fund faces $9 million deficit in 2025

Energy News Beat ENB Pub Note: Mike Umbro on X – Kern County general fund faces $9 million deficit in 2025 | KGET 17 News Kern County was the #1 oil producing county in the United States in 20213. 12 years later after Newsom’s shutdown…Kern County is broke.   Kern County general fund faces $9 […]

Beneath the Skin of CPI Inflation: Pace Slows from Spike Last Month, but 6-Month CPI Accelerates Further, Worst Increase since September 2023

Energy News Beat Natural gas and electricity pushed up energy costs in February, despite drop in gasoline prices. Used vehicle prices continued to surge. By Wolf Richter for WOLF STREET. The overall Consumer Price Index rose by 0.22% (+2.62% annualized) in February from January, after the jump of 0.47% (+5.75% annualized) in January from December, which had been […]

The Largest Degregulatory Announcement in U.S. History by Lee Zeldin

Energy News Beat “Today, I’m pleased to make the largest deregulatory announcement in US history. The Environmental Protection Agency is initiating 31 historic actions to fulfill president Trump’s promise to unleash American energy, revitalize our auto industry, restore the rule of law, and give power back to the states.” “EPA will be reconsidering many suffocating […]

Diana Shipping fixes another kamsarmax to Cargill

Energy News Beat Dry CargoEurope Diana Shipping New York-listed Greek bulker owner Diana Shipping has secured its second Cargill charter within a month. The commodities giant is chartering in the 2010-built kamsarmax Medusa for up to 16 months. The 82,194 dwt Tsuneishi-built vessel, which earlier this year came off a long-term charter with ASL Bulk […]