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Home2024

Year: 2024

Germany
Energy Crisis

Superstition and taboo: Germany retreats into the Middle Ages as its economy declines

February 20, 2024 Mariel Alumit

An abandonment of reason is among the symptoms of a nation suffering from a collapse in the prevailing narratives Bloomberg recently foretold the end of Germany’s days as an industrial power in an article that […]

Chemship
International News

Chemship vessel becomes first chemical tanker in the world to be fitted with sail kit

February 20, 2024 Mariel Alumit

Chemship is celebrating becoming the first chemical tanker owner in the world to install wind propulsion. The Dutch owner has installed four VentoFoils from Econowind on the 134 m long Chemical Challenger, a ship that […]

carbon capture
Carbon Capture

Onboard carbon capture system prototype hits 85% capture rates

February 20, 2024 Mariel Alumit

Researchers working on the EverLoNG ship-based carbon capture (SBCC) prototype have achieved capture rates of at least up to 85% during initial testing. The prototype was developed by Dutch firm Carbotreat and installed last year […]

Red Sea mission
Geopolitical

EU launches Red Sea mission as US-owned bulker gets attacked twice

February 20, 2024 Mariel Alumit

The European Union has launched a naval mission to protect Red Sea shipping after the Houthis continued their attacks on commercial vessels on Monday, targeting a bulk carrier twice within hours. Maritime security specialists Ambrey […]

First Gen
Imports

First Gen seeks new LNG cargo for Batangas FSRU terminal

February 20, 2024 Mariel Alumit

Power producer First Gen is seeking one spot LNG cargo for its FSRU-based import terminal in Batangas, Philippines. The firm controlled by the Lopez family said in a statement it seeks to procure a single […]

multifamily loans
Finance

Some of the 49 Small Banks Heavily Exposed to Bad Multifamily CRE Loans May Topple, but their Size Limits Contagion: Fitch

February 20, 2024 Mariel Alumit

Multifamily lending ballooned 32% from early 2020, powered by low interest rates and soaring rents. Now there’s a price to pay. By Wolf Richter for WOLF STREET. The multifamily segment of Commercial Real Estate doesn’t face the structural […]

Big Oil Companies

Daily Energy Standup Episode #312 – EV Rollback, Toyota’s Strategy, and LNG Ban

February 20, 2024 Andy Del Prado

Daily Standup Top Stories Shocking development: Biden plans to roll back rule designed to juice EV push on country February 19, 2024 Mariel Alumit The Biden administration is planning to slow down the rollout of a rule that was designed […]

Agnico Eagle
Rare Earth Minerals

Agnico Eagle taps Mexico workforce for Macassa

February 19, 2024 Stu Turley

  As miners struggle to find skilled labour, few companies are open about hiring workers outside Canada to meet their needs. Few that is, except for Agnico Eagle Mines (TSX: AEM; NYSE: AEM), which has […]

Deep-sea mining
Critical Minerals

Deep-sea mining seems to be inevitable, says UN regulator

February 19, 2024 Mariel Alumit

  Deep-sea mining is likely just a matter of time, according to the head of the International Seabed Authority (ISA). “Clearly now, we are reaching a very high level of interest so I would say […]

Biden
Electric Vehicles

Shocking development: Biden plans to roll back rule designed to juice EV push on country

February 19, 2024 Mariel Alumit

The Biden administration is planning to slow down the rollout of a rule that was designed to juice the United States’s transition to electric vehicles. The administration is reportedly planning to relax its limits on tailpipe emissions, in an election-year […]

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