UK energy mix powered by gas

The UK will have closed its ageing fleet of nuclear power stations and all its coal-fired power stations by 2025, Stephen Lovegrove has confirmed.
These two sources currently account for 22% and 35% of power generation.
“We are right in the middle of attracting an unprecedented amount of

MISC refutes AET Tankers sale talk

Malaysian shipping group MISC has refuted rumours that it could sell its subsidiary AET Tankers.
As early as last year, there was talk that MISC would sell AET Tankers so it could focus on LNG shipping. At that time, oil tanker rates were still low.
In 2011, MISC exited the container shipping

HMM cancels Newcastlemax orders

Hyundai Merchant Marine (HMM) said on 24 April it has cancelled two Newcastlemax dry bulk carriers that it ordered in 2013.
South Korea’s second-biggest shipping company explained in a Korea Exchange filing that it placed the orders on the basis of securing long-term shipping contracts.

Seacor posts $20m loss for Q1 2015

Worsening conditions in the offshore market in the first quarter of 2015 led to a USD19.6 million loss for vessel operator Seacor.
The loss, revealed on 23 April, compares with a USD40.1 million profit in the previous quarter and a profit of USD11.5 million in first quarter of 2014.
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