Energy News Beat Hanwha Ocean announced the signing of the deal for six 24,000 teu LNG dual-fuel containerships in a statement on Monday. The firm did not provide the price tag in the statement, but said in a separate stock exchange announcement that it will build six containerships worth about 2.32 trillion won, or $1.6 […]
Energy News Beat Germany’s Oskar Wehr is expanding its fleet with four general cargo newbuilds in China. Newbuilding sources report the Hamburg-based outfit has contracted 5,900 dwt units at Jiangsu Dajin Heavy Industry. No price has been divulged for the order. The yard, which has several German owners on its newbuilding project list, is expected […]
Energy News Beat DNV Canada has identified five suitable areas for the development of offshore wind farms in Nova Scotia. A regional assessment initially recommended eight potential wind energy areas, but that was cut down to five. Four of the five areas are south of Nova Scotia’s eastern shore – French Bank, Middle Bank, Sable […]
Energy News Beat USC German owner Elbdeich Reederei has firmed up orders for two more containerships at Huangpu Wenchong in China. Brokers report the Drochtersen-based company has lifted options for a pair of 1,900 teu newbuilds it held at the CSSC-affiliated yard, following a deal for two firm units earlier this year. The ships cost […]
Energy News Beat Dry CargoUncategorized Prices for vintage capesize bulkers are rising again, as spot rates are up around 300% in a month driven in part by an armada of ships waiting to load bauxite at West African ports. Lila Global is widely reported to have sold a pair of 2006-built capes, the 172,000 dwt Maran Sailor […]
Energy News Beat IMO The International Chamber of Shipping (ICS) and the Comité Maritime International (CMI), a body responsible for drafting many maritime law conventions, have launched an updated campaign to get governments to ratify urgent maritime treaties. “For a global industry, comprehensively regulated by the International Maritime Organization (IMO) and other United Nations bodies, […]
Energy News Beat Containers MSC Liner shipping profits are forecast to slide by more than 80% this year. Analysts at Sea-Intelligence have calculated that the container shipping industry made a combined EBIT last year of $60bn, the third highest figure recorded in the history of the business, and the highest outside the covid era. One […]
Energy News Beat DOF Norwegian offshore vessel owner DOF has won a contract for an FPSO installation project from an undisclosed client in the Atlantic region. According to an Oslo Bors filing, DOF shall deliver project management, engineering, logistical services, and offshore execution. DOF will use two anchor-handling tug supply vessels to perform the installation […]
Energy News Beat EuropeTankers Nordic American Tankers New York-listed suezmax specialist Nordic American Tankers (NAT) has confirmed the addition of another 2016 South Korean-built vessel. The Herbjorn Hansson-led owner and operator has picked up the unnamed tanker in a deal struck in the mid-to-high $60m range, shortly after agreeing to buy a sister vessel from […]
Energy News Beat Having attended over 200 shipping events since 2009, Gennadiy Ivanov found last year’s inaugural Geneva Dry gathering to be one of the most “efficient, proactive and practical” conferences he’s ever attended. “As proof of its value, we registered for the second Geneva Dry the very next day after the first one concluded,” […]
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.
