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Home2025March

Month: March 2025

Geopolitical

Video footage of North Sea accident surfaces

March 13, 2025 Mariel Alumit

Newly obtained video footage has revealed the moment the containership Solong struck the tanker Stena Immaculate off the coast of East Yorkshire on Monday. The impact and subsequent explosion were captured by Orca AI’s lookout […]

Red Sea
Geopolitical

More tankers and dry bulk carriers turn away from the Red Sea

March 13, 2025 Mariel Alumit

While there have been no attacks by the Houthis from Yemen on merchant shipping this year, shipowners are still giving the Red Sea a wide berth to the consternation of the Suez Canal Authority. Indeed, […]

BW Offshore
Big Oil Companies

BW Offshore sells FPSO to Murphy Oil for $125m

March 13, 2025 Mariel Alumit

Floater specialist BW Offshore has sold the FPSO BW Pioneer to US oil and gas player Murphy Oil subsidiary. The FPSO was sold for $125m which includes an initial payment of $100m upon delivery of […]

Finance

Tons down, miles up – How Trump’s Tariffs Impact Ship Size and Costs

March 13, 2025 Stu Turley

Andrew Craig-Bennett provides readers with an overview of what tariffs mean for seaborne trades. A problem with trying to write about the possible effects of tariffs on the merchant shipping business is that the people […]

China
International News

Work progresses on GAC’s first LNG-powered PCTC in China

March 13, 2025 Mariel Alumit

China Merchants Jinling Shipyard in Weihai has laid the keel for GAC’s first LNG-powered pure car and truck carrier. To mark the occasion, the Chinese shipbuilder held a ceremony for the PCTC (W0306) on March […]

Crude Oil News

Kern County, California, general fund faces $9 million deficit in 2025

March 12, 2025 Clark Savage

ENB Pub Note: Mike Umbro on X – Kern County general fund faces $9 million deficit in 2025 | KGET 17 News Kern County was the #1 oil producing county in the United States in […]

CPI
Finance

Beneath the Skin of CPI Inflation: Pace Slows from Spike Last Month, but 6-Month CPI Accelerates Further, Worst Increase since September 2023

March 12, 2025 Mariel Alumit

Natural gas and electricity pushed up energy costs in February, despite drop in gasoline prices. Used vehicle prices continued to surge. By Wolf Richter for WOLF STREET. The overall Consumer Price Index rose by 0.22% (+2.62% annualized) in […]

New EPA Chief Lee Zeldin
ENB Pub Note

The Largest Degregulatory Announcement in U.S. History by Lee Zeldin

March 12, 2025 Clark Savage

“Today, I’m pleased to make the largest deregulatory announcement in US history. The Environmental Protection Agency is initiating 31 historic actions to fulfill president Trump’s promise to unleash American energy, revitalize our auto industry, restore […]

Climate Crisis

Amazon forest felled to build road for climate summit

March 12, 2025 Clark Savage

A new four-lane highway cutting through tens of thousands of acres of protected Amazon rainforest is being built for the COP30 climate summit in the Brazilian city of Belém. It aims to ease traffic to […]

Tariffs
Crude Oil News

Trump Tariffs Threaten U.S. Oil Refiners

March 12, 2025 Mariel Alumit

President Trump’s new tariffs on energy imports from Canada and Mexico are expected to significantly impact US refiners, particularly those reliant on heavy crude. While Canadian oil imports are likely to continue despite tariffs, Mexican […]

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