OSM Thome recruits Pia Meling to head new green division

Energy News Beat

Shipmanager OSM Thome has launched EVIGO, a green services division which will be headed by Pia Meling, who currently works with Grieg Green.

EVIGO offers end-to-end solutions designed to help customers achieve compliance with evolving environmental regulations while advancing their sustainability goals and staying competitive.

“I am thrilled to lead the EVIGO team as we tackle some of the most pressing challenges in our industry,” said Meling. “By leveraging the global competence of OSM Thome, advanced technologies, digital innovation, and strong partnerships, we will deliver impactful solutions that drive real progress toward a greener, more resilient maritime sector. The combination of data-driven insights and physical service offerings at scale will ensure tangible and measurable results for our customers.”

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Capes carrying more bauxite than coal for the first time

Energy News Beat

China’s remarkable thirst for bauxite to manufacture aluminium has helped prop up cape rates considerably in recent years. Now for the first time, the capesize fleet in carrying more bauxite than coal, according to broker Arrow. 

“Volumes from Guinea have surged at the start of the year, whilst panamaxes have been cannibalising capesize coal cargoes. This leaves bauxite as the number two capesize commodity, after iron ore,” Arrow stated in a report. 

China imported 159m tonnes of bauxite last year, up by 18m tonnes over 2023’s total, with 77% of all shipments carried out on capes, according to AXS data. 

Volumes from Guinea have surged, whilst panamaxes have been cannibalising capesize coal cargoes

“This owes not just to Guinea’s emergence as the world’s dominant supplier of the raw material, but also the rising capesize share of Australian bauxite trades in recent years, quadrupling from 2021 to reach 20% last year,” explains a new report from another broker, Braemar. 

“Infrastructure improvements in West Africa, led by Guinea and including Ivory Coast, Sierra Leone, and Ghana, are expected to drive further increases in supply for the seaborne market, and especially supply for China,” predicts rival broker BRS who is forecasting exports of the mined product from West Africa to China to increase by another 20m tonnes this year.

“Beijing’s continuous promotion of the ‘New Three’ (namely electric vehicles, lithium batteries, and solar panels) is significantly boosting the demand for aluminium products,” BRS pointed out in its latest weekly dry bulk report.

“Considering the longer voyage distances, the bauxite market is expected to exert an increasing influence on the capesize segment via heightened volatility in the fronthaul route,” BRS concluded. 

The remarkable rise of the seaborne bauxite trades will be one of many discussion points at Geneva Dry, the world’s premier commodities shipping event, which is set to reconvene at the Hotel President Wilson on the shore of Lake Geneva on April 28 and 29 this year. 

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GSB Tankers and Asahi Tanker form chemical tanker JV

Energy News Beat

AsiaTankers

GSB Tankers and Asahi Tanker have jointly established the Asia Chemical Tanker Alliance (ACTA) to manage the operation and commercial management of chemical tankers ranging from 10,000 to 15,000 dwt. ACTA is headquartered in Singapore, with an additional office in Tokyo. Initially, the joint venture will manage four chemical tankers with the aim of expanding to 10 chemical tankers within the next two years.

Philip Eriksson, managing director of GSB Tankers, said: “This collaboration not only strengthens our position within the industry but also allows us to deepen our involvement in a market we believe holds significant potential for the future.”

GSB Tankers, which stands for Golden Stena Baycrest Tankers, is a joint venture between Golden Agri-Resources, Stena Bulk and Bay Crest Management.

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Ukraine ready to make deal – Trump

Energy News BeatTrump

Ukraine ready to make deal – TrumpUkraine ready to make deal – Trump

Ukraine is ready to make a deal, US President Donald Trump said while addressing the annual World Economic Forum (WEF) in Davos, Switzerland via teleconference.

Trump was answering a question from WEF President Borge Brende as to whether there will be a peace agreement by the time of next year’s meeting in Davos.

On Wednesday Trump had threatened new sanctions and high import tariffs, urging Russia to bring the Ukraine conflict to an end and strike a deal. He also had proclaimed his “love” for the Russian people and insisted he was “not looking to hurt Russia.”

The Kremlin sees nothing new in Trump’s threats of sanctions and tariff increases, Russian President Vladimir Putin’s spokesman Dmitry Peskov responded on Thursday.

Peskov emphasized that Russia remains open to “an equal and mutually respectful dialogue,” similar to the exchanges that occurred between Putin and Trump during his first term. “We are waiting for signals, which have not yet been received,” he said.

Trump’s pick for US Secretary of State, Marco Rubio, said on Monday that he could not say when the hostilities between Moscow and Kiev would end, but said each side would have to concede “something” in order to resolve the conflict.

Trump has repeatedly promised to stop the fighting between Moscow and Kiev within 24 hours after he’s back in office. Midway through his inauguration day on Monday, the US president was asked by journalists whether he would be able to keep the promise. Trump joked that “it’s only half a day” and he has “another half a day left,” adding “We will see.”

In the weeks leading up to his inauguration, Trump adjusted his timeline for resolving the conflict, expressing hope to negotiate peace within six months. His nominee for envoy on the Ukraine conflict, retired Lieutenant General Keith Kellogg, suggested that a deal could be brokered within 100 days of the inauguration.

In recent weeks, US media outlets have reported that Trump’s team is mulling a peace plan for Ukraine which could include a ceasefire along the current front lines and the creation of an 800-mile (1,300-kilometer) demilitarized zone patrolled by European troops.

Earlier this week, the Russian leader commended Trump’s intention to resume contacts between Moscow and Washington, which had been halted by the Biden administration. Moscow has never “refused dialogue” with Washington and has always expressed readiness to deal with any US administration, the president noted.

Source: Rt.com

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Petrobras extends Modec FPSO charter for five more years

Energy News Beat

Brazilian state-owned oil and gas major Petrobras has extended the charter of the Modec-owned FPSO Cidade de Angra dos Reis working off Brazil. The FPSO, located on the Tupi field, has been in operation since October 2010. The extension will see the unit stay for an additional five years, until 2030. It was the first …

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Singapore Strait becoming a piracy hotspot again

Energy News Beat

The Singapore Strait is becoming a piracy hotspot once again. A Singapore-flagged bulk carrier was boarded by six individuals while transiting eastbound in the Philip Channel of the Singapore Strait in Indonesian waters, the latest in a series of attacks in the same area over the past few months.  According to UK maritime security specialists …

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Sentek Marine barred from selling bunkers in Singapore

Energy News Beat

Disgraced Sentek Marine & Trading will cease bunkering activity in Singapore next month after the country’s Maritime and Port Authority (MPA) decided to not renew its bunker supplier and bunker craft operator licences.  In September 2022 Sentek Marine was charged in court with acquiring marine gasoil that was embezzled from Shell’s facility in Pulau Bukom. …

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Nordic American Tankers sells one vessel and takes another with purchase option

Energy News Beat

Suezmax specialist Nordic American Tankers (NAT) is adding a leased vessel to its owned fleet and shipping out one of its oldest tankers. The New York-listed company said it had declared a purchase option on an unnamed 2018-built vessel “on favourable terms from a close financing partner”. NAT has three 2018 Samsung-built suezmaxes – the …

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Houthis release Galaxy Leader crew after 430 days in captivity

Energy News BeatHouthis

After 14 months and three days in captivity, the crew of the Galaxy Leader car carrier was released on Wednesday. The vessel’s crew, made up of 25 nationals from Bulgaria, Ukraine, the Philippines, Mexico and Romania, was captured on November 19, 2023, when armed Houthis stormed the ship via helicopter. This started the Red Sea shipping …

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New report highlights shipping’s weak position within the global energy transition

Energy News Beat

A new report from UCL’s Energy Institute Shipping and Oceans Research Group assesses the financial risks to the shipping industry from stranded assets due to stricter greenhouse gas regulations, possibly due for adoption at the International Maritime Organization (IMO) this year, in combination with the ongoing global transition to a low-carbon energy system. The report …

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