-
1 week ago | 
energynewsbeat.co | Stu Turley |Stuart Turley |Rey Trevino
DHT Holdings, a New York-listed tanker giant, has confirmed the sale of two Chinese-built VLCCs.DHT said in a statement that it sold the 2011-built DHT Lotus and the DHT Peony for a combined price of $103m. Splash has previously cited broking sources that claimed that the company sold the 320,000 dwt sister vessels built at Bohai Shipbuilding Heavy Industry in China.
-
1 week ago | 
energynewsbeat.co | Stu Turley |Stuart Turley |Rey Trevino
Greek bulker owner Diana Shipping has entered into a time charter contract with China Resource Chartering for one of its panamax vessels. The company hired the 2013-built, 77,901 dwt bulker Ismene. The gross charter rate is $11,000 per day, minus a 5% commission paid to third parties, for a period until a minimum of March 20, 2026, up to a maximum of May 20, 2026. The charter is expected to begin on April 26, 2025.
-
1 week ago | 
energynewsbeat.co | Stu Turley |Stuart Turley |Rey Trevino
A look inside the junk science behind particulate matter claims, EPA overreach, and the costly fiction fueling America’s air quality regulations. We took one for the team by reading Particles of Truth: A Story of Discovery, Controversy, and the Fight for Healthy Air, by C. Arden Pope III, Douglas W. Dockery, so you won’t have to suffer through it. The book has twelve chapters plus references and index. It is written by academics from Brigham Young and Harvard University.
-
1 week ago | 
energynewsbeat.co | Stu Turley |Stuart Turley |Rey Trevino
Like they did belatedly during the last great shipbuilding boom, South Korea’s largest three shipbuilders are finally looking overseas for expansion. During the shipping boom of 2003 to 2008, Korean yards expanded belatedly massively at home and overseas, only to be hit by more than a decade’s slump in the wake of global financial crisis.
-
1 week ago | 
energynewsbeat.co | Stu Turley |Stuart Turley |Rey Trevino
Shipowners left scratching their heads about the potential financial penalties they face from the new net-zero framework agreement penned at the International Maritime Organization last week have been given a solution. Employees at Singapore’s Global Centre for Maritime Decarbonisation (GCMD) worked overtime this past weekend to develop a free cost and compliance calculator to help contextualise the penalties and start building intuition.
-
1 week ago | 
energynewsbeat.co | Stu Turley |Stuart Turley |Rey Trevino
Queensland’s ship design group Seatransport and Houston-based Deployable Energy are collaborating with Lloyd’s Register (LR) to develop nuclear power generation for different applications, including strategic response vessels in remote areas. Using micro modular reactor (MMR) technology, two to five MMRs of 1MWe capacity each will power a 73 m amphibious vessel, designed for emergency response and disaster relief duties in remote areas.
-
1 week ago | 
energynewsbeat.co | Stu Turley |Stuart Turley |Rey Trevino
The chart below created by Linerlytica highlights the containerlines most exposed on the transpacific by the ongoing trade war initiated by Donald Trump, the American president, against China, that has effectively brought most business between the two largest economies in the world to a halt.
-
1 week ago | 
energynewsbeat.co | Stu Turley |Stuart Turley |Rey Trevino
State-run China Merchants has completed the acquisition of its seventh shipyard, Qingdao Yangfan Shipbuilding, in the northeast of the country. The yard, one of China’s oldest, has been rebranded CMI Qingdao Shipyard. The yard is best known for building large bulk carriers and containerships in its two drydocks. The shipyard can trace its roots to 1949. It filed for bankruptcy in 2016, and was then taken over by a local Qingdao company, before China Merchants moved for it in recent months.
-
1 week ago | 
energynewsbeat.co | Stu Turley |Stuart Turley |Rey Trevino
UK consulting and engineering firm Wood has received a non-binding conditional takeover proposal from Dubai-based company Sidara. The possible offer is for 35 pence per Wood share in cash to acquire the entire issued and to be issued share capital of Wood. Dar Al-Handasah Consultants Shair and Partners, otherwise known as Sidara, would also inject $450m into the UK company.
-
1 week ago | 
energynewsbeat.co | Stu Turley |Stuart Turley |Rey Trevino
Vasi Shipping, a small Singaporean containership operator, has filed for bankruptcy. The company, founded 13 years ago, has $19m of debt owed to creditors. Previously, it operated on intra-Asia routes on three owned ships, all of which it has sold recently to try and pay back debts. “The gap between charter rates and freight rates remain too wide and has claimed its first casualty,” analysts at Linerlytica reported in a new report.
