Energy News Beat EuropeOperations Baltic Exchange/Guy Hindley Guy Hindley has been appointed as the new chairman of the Baltic Exchange Council. Hindley takes over on January 1 from Lord Jeffrey Mountevans, who has held the position for the past two years. Hindley has been on the Baltic Exchange Council since January 2019 and is the […]
Energy News Beat EuropeTankers Stainless Tankers Stainless Tankers of Norway has found a buyer for two of its oldest vessels listed for sale earlier this year. The Oslo-listed outfit backed by UK-based Tufton Investment Management is offloading the 2005-built J19 stainless steel units Monax and Marmotas for $31.2m. The buyer was not disclosed, but the […]
Energy News Beat Daily Standup Top Stories US DOE releases LNG export study December 18, 2024 Mariel Alumit The Biden administration said in January it will pause pending decisions on exports of LNG to non-FTA countries until DOE can update the underlying analyses for authorizations. According to DOE, this multi-volume study updates DOE’s understanding of […] Russia continues to […]
Energy News Beat [[{“value”:” Three Ohio companies are investing in hydrogen fuel cell passenger vehicles even as the U.S. market for electric vehicles continues to grow. Each has an innovative approach to the chicken-and-egg problem of having fuel available when and where drivers need it. The Ohio companies’ focus on fuel cell passenger vehicles is […]
Energy News Beat OperationsRegulatory Limassol Chamber The International Chamber of Shipping (ICS) has appointed Thomas Kazakos as its next secretary general. The director general of the Cyprus Shipping Chamber since 1995 will replace Guy Platten, who will be stepping down at shipping’s top lobby group in June next year after holding the position for nearly […]
Energy News Beat EuropeTankers Performance Shipping Greece’s Performance Shipping has entered into a time charter contract with American Eagle Tankers (AET) for one of its aframax vessels. The deal will see the 2011-built, 104,623 dwt tanker Blue Moon work for AET, the tanker arm of Malaysia’s top shipping line MISC, for 21 months. The charterer […]
Energy News Beat Diana Shipping New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Japan’s largest shipowner Mitsui O.S.K. Lines (MOL) for one of its capesize vessels. The company hired the 2015-built, 179,426 dwt bulker Santa Barbara. The gross charter rate is $22,000 per day, minus a 5% commission paid […]
Energy News Beat Tehran, Iran – Tens of millions of people across Iran are facing major disruptions as authorities shut down services in the face of an exacerbating energy and currency crisis amid historic regional tensions. This week, government offices, schools, banks and businesses in major provinces and in the capital Tehran have been largely […]
Energy News Beat Energetic backpedal from the aggressive monster-rate-cut trajectory envisioned by the markets three months ago. By Wolf Richter for WOLF STREET. The FOMC voted today to cut the Fed’s five policy rates by 25 basis points, with 1 participant dissenting, (Cleveland Fed president Beth Hammack who preferred no cut). And participants see only two cuts in […]
Energy News Beat An investigation by Ukrainska Pravda (UP) has found that Russian oil continues to flow into the EU despite sanctions, with shipments under the flags of Liberia and Panama reaching the ports of Romania and Bulgaria, both EU and NATO members. Nearly three years on from Russia’s full-scale invasion of Ukraine, Western sanctions designed to […]
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