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Home2025July

Month: July 2025

ENB Daily Standup

The Big Beautiful Bill Reveals Inflation Act Foreign Spending

July 3, 2025 Andy Del Prado

Daily Standup Top Stories Europe’s Green Energy Stocks Spike on Weakened U.S. Big Beautiful Bill This is a validation that the Inflation Reduction Act was giving money to other countries. Iraq Power Grid Suffers as […]

Finance

Despite Ugliness at Stellantis, Nissan & Tesla, New Vehicle Sales in Q2 Rose to the Best Q2 since 2021. But June Stalled

July 2, 2025 Stu Turley

Cybertruck may be entering automotive history as the most expensive failed model ever. By Wolf Richter for WOLF STREET. Sales of new vehicles in June fell 4.2% year-over-year, to 1.25 million vehicles, after the best March (1.59 million) […]

Iran
Geopolitical

Iran seeks to take over Russia’s Astrakhan port

July 2, 2025 Stu Turley

Iranian logistics and shipping firm Nasim Bahr Kish has submitted a formal bid to acquire full ownership of Russia’s Astrakhan port, including a 25% stake currently held by the Russian state. The proposed RBL437.5m ($5.6m) […]

Press

Mitsui E&S presses ahead with hydrogen-powered port equipment project

July 2, 2025 Stu Turley

AsiaPorts and Logistics Mitsui E&S Mitsui E&S Mitsui E&S has been selected for a subsidy from Japan’s New Energy and Industrial Technology Development Organization (NEDO) to accelerate development of a hydrogen refuelling system tailored for […]

Press

Marinakis stacks LNG carrier orderbook in South Korea

July 2, 2025 Stu Turley

Capital Gas Greek shipowner Evangelos Marinakis, through his Capital Group, has placed a fresh order for four LNG carriers with South Korea’s HD Hyundai Samho Heavy Industries. The deal, worth around $1.03bn, involves 174,000 cu […]

Press

HMM moves to expand Algeciras terminal

July 2, 2025 Stu Turley

HMM South Korean carrier HMM has submitted a letter of intent to expand its terminal in Algeciras, Spain. The plan, lodged with the Algeciras Port Authority, outlines an €150m ($177m) expansion project. HMM itself will […]

Press

Has shipping painted itself into a CO2 corner?

July 2, 2025 Stu Turley

FuelTrust Pierre Aury discusses all things nuclear shipping. The first wind-powered boats were sailing more than 5,000 years ago. Wind propulsion reached a golden age of sail in the mid-19th century, and the last commercial […]

Press

BHP signs charters with COSCO for ammonia-powered newcastlemax newbuilds

July 2, 2025 Stu Turley

BHP has signed five-year charter contracts with COSCO Shipping Bulk for two ammonia dual-fuelled newcastlemax bulk carriers. The two 210,000 dwt vessels, expected to be delivered from 2028, will primarily transport iron ore from Western […]

Press

TS Lines locks in up to 10 newbuilds at Huangpu Wenchong

July 2, 2025 Stu Turley

TS Lines Taiwan’s TS Lines has bolstered its newbuilding programme through a new deal with a Chinese shipyard, Huangpu Wenchong Shipbuilding The intra-Asia focused carrier has commissioned five firm and five optional 5,000 teu vessels, […]

Press

Jackup barge sinks in Gulf of Suez, four dead

July 2, 2025 Stu Turley

AfricaOperations X.com X.com Four crew members died after a jackup barge owned by Saudi oil and gas driller ADES capsized on Tuesday evening, some 300 km south of the Suez Canal. Egyptian authorities said that […]

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