Category: Energy News Beat

Africa commits to electricity plan for 300 million people

Energy News Beat [[{“value”:” Leaders have adopted the Dar es Salaam Energy Declaration to drive power infrastructure African leaders have pledged to provide electricity to 300 million people across the continent by 2030. The ambitious target was formalized in the Dar es Salaam Energy Declaration, adopted on Monday during the Africa Energy Summit in Tanzania. […]

Dolphin Drilling CEO resigns

Energy News Beat EuropeOffshore Dolphin Drilling The chief executive officer of semisub rig owner Dolphin Drilling has submitted his resignation from the company. The resignation of Dolphin CEO Bjørnar Iversen comes into force with immediate effect. He joined the company as CEO in July 2019. Before joining Dolphin Drilling, Iversen was the CEO of Songa […]

Odfjell Drilling nets $148m semisub extension with Equinor

Energy News Beat EuropeOffshore Equinor Norway’s Odfjell Drilling has won an extension for one of its rigs with compatriot energy major Equinor. The deal is to extend the employment of the 2009-built Deepsea Atlantic semisub until the end of the second quarter of 2027. The unit will operate under previously agreed terms until the mid-third […]

U-Ming books ultramax newbuild brace in Japan

Energy News Beat Oshima Shipbuilding Taiwanese dry bulk shipping operator U-Ming Marine Transport is expanding its fleet a brace of ultramax newbuilds in Japan. The subsidiary of the Far Eastern Group has signed up for 64,100 dwt vessels at Oshima Shipbuilding with delivery expected in April and June 2028. No price has been revealed. U-Ming […]

Seanergy expands with double buy as United ships out oldest cape

Energy News Beat Dry CargoEurope US-listed Greek bulker owner Seanergy Maritime has strengthened its fleet by adding two Japanese-built vessels, while its spin-off United Maritime is shipping out its oldest capesize. The Stamatis Tsantanis-led Seanergy has picked up an unnamed 2013 Imabari-built newcastlemax and a 2011 Mitsui-built capesize for about $69m. The 178,459 dwt capsize, […]

Geneva Dry Dialogues: Western Bulk

Energy News Beat Returning to Geneva Dry this April is Torbjorn Gjervik, who since last year’s summit has been promoted to CEO of Western Bulk Chartering, a Norwegian firm which tends to have anywhere between 100 and 150 ships on its books at any given time. While looking forward to the event, Gjervik is not […]

Robbers attack tanker in Singapore Strait

Energy News Beat A Greece-flagged tanker was boarded yesterday by two knife-wielding individuals while transiting eastbound in the Singapore Strait, the latest in a string of robbery incidents in the area. The attack took place approximately 2.7 nautical miles northwest of Indonesia’s Pemping Island, according to UK maritime security specialists Ambrey. The tanker was sailing […]

Crew rescued from blaze on boxship in Red Sea

Energy News Beat MarineTraffic / Bjorn S Bjornesjo The crew of the boxship that abandoned the ship which caught fire in the Red Sea has been rescued unharmed. The Hong Kong-flagged boxship ASL Bauhinia exploded and caught fire some 226 km northwest of Hodeidah, Yemen, in the early hours of the morning on Tuesday. The […]

Shipping’s ultimate Year of the Snake fortune guide published today

Energy News Beat The January issue of Splash Extragives readers the ultimate guide to shipping prospects in the Year of the Snake.  The Lunar New Year is not starting too well with many sectors struggling to break even in January.  The cross-sector ClarkSea Index, a weighted barometer covering all shipping segments, eased back by 8% […]

2025 will see fewer but better hires in commercial shipping

Energy News Beat ContributionsOperations Paul Ratcliffe provides readers with highlights from Ignition Global’s 2024 Commercial Shipping Leaders Survey. Hiring in commercial shipping should be getting easier. The talent war of 2021–22 has ended, and dry bulk bonuses are cooling. Inflation has eased, remuneration policies have adjusted, and salary expectations have mellowed—making compensation easier to manage. […]