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Nordic American Tankers Ltd (NYSE: NAT) – Market improvements – Some recent contracts

The market improvement is clear: 8th July: Vessel fixed to Chinese interests for a voyage from Libya to China. Time Charter Equivalent(TCE) about USD 32,500 over 52 days. 7th July 2022: Vessel fixed to European interest for a voyage from Mediterranean to Singapore. The TCE is about USD 32,700 over 40 days. 5th July 2022: …

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Green hydrogen for up to 40 vessels — Norway invests in climate-friendly future

Striving to maintain its position as one of the leading sustainable shipping nations, Norway is investing heavily in hydrogen projects within the maritime sector. Premium content Checking for account. You need javascript to validate your login status. Premium Premium content Subscribe to continue Become a PREMIUM Subscriber Do not want to miss out on any …

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Amid high fossil fuel prices, renewable power saves around $55 bln, says IRENA

The International Renewable Energy Agency (IRENA), an intergovernmental organisation aiming to promote renewable energy as the key to a sustainable future, has released its report about the cost of renewable power generation in 2021, detailing that renewables are crucial to breaking away from volatile fossil fuel prices and tackling the double whammy of energy security and …

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Tellurian to buy natural gas assets in Haynesville Shale

U.S. LNG project developer Tellurian wants to purchase natural gas assets from privately held oil and gas company EnSight located in the Haynesville Shale. Illustration; Courtesy of Tellurian On 13 July, the company said that its wholly-owned subsidiary Tellurian Production (TPC) entered into an agreement to purchase natural gas assets from privately held EnSight IV …

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US Congress to discuss first stand-alone legislation to zero out shipping pollution

Clean Shipping Act of 2022, the first stand-alone legislation to zero out pollution from all ocean shipping companies that do business with the United States, has been introduced to the US Congress. The bill was introduced by congressman Alan Lowenthal, who represents the Port of Long Beach, and co-sponsor congresswoman Nanette Barragán on 12 July. …

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