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,” […]
Energy News Beat Below 2022 highs: Austin, San Francisco, Phoenix, San Antonio, Denver, Sacramento, Dallas-Ft. Worth, Portland, Salt Lake, Seattle, Tampa, Raleigh, Houston, Atlanta, Charlotte, Nashville, Las Vegas, Minneapolis, Orlando… Rose past their 2022 highs (but some are now sagging): Miami, San Diego, Los Angeles, Baltimore, Kansas City, Columbus, Washington D.C., Philadelphia, Boston, Chicago, New […]
Energy News Beat We have a new magazine launching today, designed to give the shipping industry an idea of how the markets might play out in the coming months. Today’s opening instalment looks at the trajectories of the world’s two largest economies. Economists have been left flabbergasted by the opening months of Donald Trump’s return […]
Energy News Beat ENB Pub Note: This is an excellent article from Bloomberg about the potential for low-cost Russian natural gas to return to the European market. There are several key points to note while reading this article. President Putin has done an excellent job for Russia, replacing Europe as a customer with the Asian […]
Energy News Beat Guyana’s oil production and exports are surging, with output exceeding 660,000 bpd and expected to reach 1.3 million bpd by 2030. Europe is the biggest buyer of Guyana’s crude, with 66% of its exports heading there in 2024. ExxonMobil and partners are expanding operations, planning gas-to-shore projects, increasing gas production, and considering […]
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.
