The Red Sea, a critical artery for global energy trade, is witnessing a resurgence in oil and liquefied natural gas (LNG) shipping following a slowdown in Houthi attacks. Since November 2023, Yemen’s Iran-backed Houthi rebels […]
Drewry’s weekly World Container Index (WCI) increased 41% to $3,527 per feu yesterday, the second highest leap dollars-wise since the index was created, with the busy transpacific leading the way once again amid a brief […]
ENB Pub Note: I am reaching out to their CEO to see about getting an interview for the Energy News Beat Podcast. Investments in this kind of technology and leadership will solve problems. EuropeOffshore Marine […]
Energy Security starts at home, and investors need to consider investments with returns and assess how their products may have supply chain constraint potential issues. In the current geopolitical landscape, new trading blocs are forming. […]
Despite the ongoing trend toward larger vessels across all ship types, the 174,000-cbm LNG carrier remains the standard design in the global LNG shipbuilding market, with dozens of orders placed annually, KR noted in a […]
French LNG containment giant GTT has received approvals from classification society BV for its new cargo containment systems developed for ethane transport. BV granted AiPs for GTT’s Mark III Slim and NO96 Slim containment systems. […]
German shipping and logistics group CLI has contracted a multipurpose (MPP) newbuilding at Dutch yard Royal Bodewes. The deal with an undisclosed value covers an 8,500 dwt unit that has been designed to feature advanced […]
The 4,902 ceu car carrier Morning Midas, abandoned in the mid-Pacific after a fire broke out on a deck carrying electric vehicles, is now adrift with smoke still rising from the vessel. The manager of […]
Dutch floater expert SBM Offshore has signed a share purchase agreement for the full divestment of its equity interest in the lease and operating entities of the FPSO Aseng to GEPetrol. The company’s exit from Equatorial Guinea […]
Norwegian energy major Equinor has exercised a two-well option for one of Transocean’s semisubs. The option, exercised for the 2010-built Transocean Spitsbergen, will contribute approximately $100m in backlog, excluding additional services. The work on the […]
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