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An oil tanker being serviced by a bunkering vessel.

Courtesy: Hafnia

If you think that life at sea is like the movie franchise “Pirates of the Caribbean,” think again.

The movies, which feature ambushes, looting and a drunken captain, are far from real life, according to shipping veteran Ralph Juhl.

“That is, of course, a lot of bollocks,” Juhl told CNBC by phone.

For starters, the consumption of alcohol is banned on many ships.

But there is one similarity with the movie, Juhl said: the code of conduct between seafarers. In the franchise, the Pirate’s Code was chronicled in a book kept by character Captain Teague, and loosely followed by some.

For those who sail for a living, there is a similar type of agreement, Juhl said.

The crew on board an oil tanker operated by Hafnia.

Courtesy: Hafnia

“Seafarers, no matter where they come from — India, Ukraine, Denmark, the Philippines — there is this conduct of how you behave on a ship … You can actually endanger both yourself and all of your colleagues if you are not playing that social game, being on board the ship. So, you take responsibility, you follow authority,” Juhl said.

Juhl, an executive vice-president at oil tanker firm Hafnia, has worked in the industry for several decades, starting as an ordinary seaman — the lowest rank of sailor — in 1983.

“When you as a seafarer [go] on board … you are a contribution to the society and you have to fit in … there is this code of the high seas,” he added.

A captain’s life

“Pirates of the Caribbean” is a seafaring stereotype familiar to Hafnia’s DSA Dixon, who has been a captain for five years. Dixon — who sails vessels known as product tankers, which transport both refined and unrefined petroleum products around the world — had to convince his parents-in-law that his role was nothing like the movie, he told CNBC by phone.

“A lot of people have a very different representation of a seafarer, looking at Pirates of the Caribbean,” he said.

Captain DSA Dixon (in black) says he invents games to keep his crew’s morale up during months at sea.

DSA Dixon | Hafnia

Dixon might be captaining a ship such as the huge Hafnia Rhine, which is about 230 meters long by 33 meters wide, with a capacity of more than 76,000 deadweight tons — a measure that includes the oil cargo, plus fuel, food, water and crew members, but not the weight of the ship itself.

Where the ship goes depends on where the demand for oil is and Dixon has sailed to every continent bar Antarctica, he said.

Dixon aims to keep to a schedule of three months at sea followed by three months at home in Mumbai, India, he said, and he started his most recent voyage on the Mississippi River in the U.S., sailing to Brazil and going on to Saudi Arabia via Gibraltar and the Suez Canal, before returning to Brazil.

The greatest part of my job is I’ve seen things that an average human being might not.

DSA Dixon

Captain, Hafnia

Compared to someone working an office job, Dixon said he spends more time with his wife and six-year-old son, as when he is at home he’s “completely” there. “I love this part of my life, because when I go back home, I’m Santa Claus,” he said. “It doesn’t get stagnated at any point – when it’s about to get stagnated, I’m back at sea.”

High days and holidays

Aside from navigation, Dixon said the most important part of his job is to keep the crew in good spirits, as they spend months at sea together.

“We have at times, 20, 25 people on board, they’re all different nationalities, different cultures, different languages … our ship is as good as the people on it,” Dixon said.

There’s no fixed daily routine, Dixon added. “There’s no one way to describe life on board. It’s challenging of course, but the challenge keeps you motivated all the time,” he said.

Along with navigation and managing the crew, Dixon might be talking to officials who come aboard when the ship is docked or coming up with ways to celebrate religious festivals.

The engine control room of an oil tanker. Hafnia Chief Engineer Dmytro Lifarenko spent around six months on board during the Covid-19 pandemic in 2020.

Courtesy: Hafnia

“Irrespective of nationality, or religion, people celebrate each other’s events or festivals,” Dixon said. “I even invent something like a treasure hunt on board. The ship is massive, I divide [crew] into teams … and let them find their own way,” Dixon added.

These games might sound “kiddish,” but they serve an important purpose, Dixon said. “These are grown-up men, some might be 50 years-old, and they’re doing this, but it’s the way to bond … we need to socialize and a happy ship is always an excellent vessel,” Dixon said.

Dixon makes sure the crew take Sundays off, spending it as they choose: perhaps playing PlayStation, chatting or sleeping. “I make sure there’s an excellent lunch,” Dixon added.

Traveling across oceans means getting to experience some of the world’s natural spectacles, with Dixon seeing the light phenomenon aurora borealis — also known as the northern lights — while sailing near Norway.

An aurora borealis light display in the southern part of Norway, one of the natural spectacles seen by oil tanker captain DSA Dixon during his seafaring life.

Heiko Junge | Afp | Getty Images

“The only regret I have is what I see I’m not able to share it, I want my family to see [things] at that very point, at that very moment, a photograph won’t capture it,” Dixon said. How did he feel seeing the lights? “You feel complete, I will say. You feel abundant,” he said.

“The greatest part of my job is I’ve seen things that an average human being might not,” he added.

Rough waters

Alongside enjoying scenes of wonder, life as a seafarer can be tough.

Hafnia Chief Engineer Dmytro Lifarenko is from Ukraine and was at home when Russia invaded the country in February 2022, fleeing with his wife and children across Europe to Valencia in Spain.

“I don’t know how I would handle … knowing that the bombs were there and I’m on board,” he told CNBC by phone, speculating about how he would have felt if he had been at sea when war broke out.

While his most recent voyage was five months long — sailing from Singapore to France and then Australia — he has recently taken extended leave to settle his family in their new home.

Chief Engineer Dmytro Lifarenko is from Ukraine and was at home when Russia invaded the country in February 2022. He has since moved with his family to Spain.

Dmytro Lifarenko | Hafnia

“I miss my family a lot during the voyage,” Lifarenko said — he and his wife have three children: a daughter of six months, six-year-old son and a 12-year-old daughter.

“Being two parents for three kids, this is fine. Being [effectively] a single mom for our kids, that’s very difficult … to be honest, this is the worst part of the job.”

This is something Juhl is sympathetic to: “That’s a big ‘uncomfort’ for many seafarers, that they are now so involved in their family [while at sea], even though they can’t do anything about it,” he said.

The boiler suit dressed man with a big spanner — it’s not the sailor that we’ll need in the future.

Ralph Juhl

Executive vice president, Hafnia

During the Covid-19 pandemic in 2020, Lifarenko spent about six months onboard, which is longer than his usual voyage. He said guided meditations sent to him by Hafnia were useful to deal with an uncertain situation.

“You keep thinking about the things that you actually cannot change, and that’s quite close to depression, but this [was] like a helpful hand,” he said.

But, despite some downsides, Lifarenko said he loves his job because of its variety. “You cannot say what is your routine, because the routine part is quite small. Most of the time, you are solving some situation, which requires you to use your brain, and you’re thinking, how to fix this … or how can we maintain this in a better way,” he said.

He has also enjoyed seeing the natural world while onboard, including spotting whales and sailing close to the volcanic Canary Islands.

Future sailors

Juhl spent more than a decade as a seafarer, starting at age 16 and sailing to places such as Honduras and South Korea, and becoming a navigator on chemical carrier ships before captaining ferries. He came onshore in 1997 and is now responsible for Hafnia’s technical operations. He described those onboard as “working their butts off.”

“They never go ashore anymore, there are terminals far away from cities and so on. So, this romantic life and impression of seafarers, it is pretty much gone. It’s hard work,” he said.

Oil tanker crew prepare mooring ropes to secure a bunker barge to their vessel for refueling.

Courtesy: Hafnia

This means attracting the next generation of crew is potentially tougher. “It’s a lonely life from time to time. And today you cannot offer young people loneliness,” he said.

Juhl wants to encourage more women to become seafarers and Hafnia is working on a pilot program to operate two ships where half the crew are female, to understand how the culture onboard might change, both positively and negatively, and how to solve that.

However, issues remain: Authorities in countries where women are discriminated against might not deal with female captains, for example, so Hafnia has had to temporarily assign a male captain for port stays in such places, Juhl said.

There has been internet access on board tankers for just a couple of years, Juhl added, and he wants to get creative about what might be possible as technology involves. 

He’s especially keen for sailors to be able to communicate with their families at home, he said.

“Hopefully we can soon make holograms where the captain can go to his cabin with his supper, and then he can open his hologram and he can sit and eat with his wife … we have to think that way,” Juhl said. And new technology will mean seafarers need different skills. “The boiler suit dressed man with a big spanner — it’s not the sailor that we’ll need in the future,” he said.

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Trump heads to the Middle East with oil, trade and nuclear ambitions on the table

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Trump heads to the Middle East with oil, trade and nuclear ambitions on the table

US President Donald Trump (R) and Saudi Deputy Crown Prince Mohammad bin Salman al-Saud take part in a bilateral meeting at a hotel in Riyadh on May 20, 2017.

Mandel Ngan | AFP | Getty Images

DUBAI, United Arab Emirates — U.S. President Donald Trump will touch down in the Persian Gulf region – or as he may soon be calling it, the Arabian Gulf – on May 13, for an official trip with stops in Saudi Arabia, Qatar and the United Arab Emirates. 

The stakes are high, as the visits take place amid turbulent geopolitical tensions. On the agenda will be Israel-Gaza war ceasefire talks, oil, trade, investment deals, and the potential for new policy developments in the areas of advanced semiconductor exports and nuclear programs.

“We expect to see a lot of announcements. And I think in a broad spectrum of areas as well,” Monica Malik, chief economist at Abu Dhabi Commercial Bank, told CNBC’s Dan Murphy on Friday. She noted the potential removal of Trump’s 10% tariffs on aluminum and steel, which would be a positive for the Gulf states as some of them export those metals to the U.S., though they make up only a small percentage of the countries’ GDPs. 

Trump has long enjoyed a warm relationship with Gulf Arab states, in particular the UAE and Saudi Arabia, where his children have several business ventures and planned real estate projects. Those relationships could strengthen the countries’ hands when it comes to negotiating new trade deals – while also raising concerns among critics over potential conflicts of interest, accusations the Trump family rejects. 

Trump's Gulf visit a 'win-win' proposition: Branch

During the president’s initial term in office, his first overseas trip was to Saudi Arabia – a country now hosting the negotiations that Trump hopes will end the Russia-Ukraine war, making the kingdom ever more important to Washington. Qatar, meanwhile, has played a central role in negotiations between Israel and Hamas over ceasefires and hostage releases.  

Wall Street and AI in the Gulf

The presidential visit is drawing several Wall Street and Silicon Valley titans to the Saudi kingdom. A Saudi-U.S. investment forum announced just this week and set to take place on May 13 in Riyadh will feature guests including BlackRock CEO Larry Fink, Palantir CEO Alex Karp, and CEOs of major firms like Citigroup, IBM, Qualcomm, Alphabet, and Franklin Templeton, among others. White House AI and crypto czar David Sacks will also be in attendance. 

“We also expect to see a lot of investment deals being announced,” Malik said. “And both ways, we’ve already seen the UAE announce a number of investments in the U.S. in areas such as AI, energy, aluminum, but we also think that there will be opportunities for U.S. companies to increase investment.”

Both Saudi Arabia and the UAE have invested heavily in AI infrastructure with the goal of becoming global hubs for the technology. Therefore, likely top of mind for those leaders is the future of U.S. semiconductor exports, the most advanced of which they so far have not gained access to due to national security concerns. But that may soon be changing.

e& Group CEO: U.S. partnerships are set to continue

The Trump administration on Wednesday announced its plan to rescind a Biden era “AI diffusion rule,” which imposed strict export controls on advanced AI chips, even to U.S.-friendly nations. The rule will be replaced with “a much simpler rule that unleashes American innovation and ensures American AI dominance,” a U.S. Commerce Department spokesperson said Wednesday, though the details of the new rule have not yet been shared. 

The UAE’s state AI firm G42 has made efforts to align with U.S. regulations, including divesting from Chinese companies and partnering with Microsoft, which last year invested $1.5 billion in G42.

Nuclear ambitions

Trump teases 'very big announcement' ahead of Gulf trip

U.S. Energy Secretary Chris Wright, during a visit to the kingdom in April, said that Saudi Arabia and the U.S. were on a “pathway” to a civil nuclear agreement – but that any further announcements would come from Trump himself. 

Israel-Gaza negotiations 

Another major topic will be the future of Gaza. Trump has vowed to bring about an end to the war, while also controversially suggesting that the U.S. could take control of the war-ravaged Strip which he described as “important real estate,” comments that drew strong rebukes from Arab leaders. 

The U.S. has continued to push for ceasefire deals, most recently floating a 21-day cessation of hostilities and release of some hostages, while Israel this week approved expanding fighting and territorial control in Gaza. 

“We have yet to hear a comprehensive plan from the Arab world,” Greg Branch, founder of UAE-based Branch Global Capital Advisors, told CNBC on Friday while discussing Trump’s upcoming visit. 

“If we’re going to see a response that’s going to be Arab-led, it’s probably now or never,” Branch said. “I think that will be handled very delicately behind the scenes … probably more of a long-term geopolitical risk than any immediate macro risk.”

Oil and financing

Chief economist at Abu Dhabi Commercial Bank talks rate cut outlook, oil price impact

In that vein, financing will be an important agenda item for the kingdom during Trump’s visit, according to ADCB’s Malik. 

Saudi Arabia in November pledged to invest $600 billion in the U.S. over the course of Trump’s term — but it also has sky-high costs for its own Vision 2030 investment ambitions. Lower global oil prices and big-ticket public spending projects have brought about widening budget deficits for Riyadh.  

“With oil prices where they are, Saudi will look at more financing support from America as well as they look to progress with their investment program,” Malik said. 

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Nissan pulls the plug on its +$1 billion EV battery plant as the alarm bells go off

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Nissan pulls the plug on its + billion EV battery plant as the alarm bells go off

As it scrambles to turn things around, Nissan is scrapping plans to build a new LFP battery plant in Japan. The facility was expected to be key to reducing EV battery costs to keep up with leaders like BYD.

Nissan abandons plans for new EV battery plant in Japan

Nissan is scrambling to turn the company around. The Japanese automaker announced on Friday that it will “abandon plans to build a new plant” in Japan that was scheduled to produce lithium iron phosphate (LFP) batteries.

The decision comes as Nissan is “considering all options to restore its performance.” Nissan said it will continue working on a strategy for EV batteries “aligned with market needs” as part of its turnaround efforts.

Nissan just received approval to build the new EV battery plant in Japan from the Ministry of Economy, Trade, and Industry (METI) in September.

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The batteries were set to be installed in Nissan’s mini vehicles starting in 2028, part of an investment of over $1 billion (153.3 billion yen).

Nissan was scheduled to receive up to 55.7 billion yen ($384 million) in government support to help build a domestic supply chain.

Nissan-EV-battery-plant
2025 Nissan Ariya Platinum+ e-4ORCE (Source: Nissan)

Like other Japanese automakers, Nissan is facing weaker sales in key markets like China and North America. The company expects to post a net loss as high as 750 billion yen ($5.2 billion) for the fiscal year ending March 2025.

The new LFP plant was expected to help Nissan cut EV battery costs by 20% to 30%, with up to 5 GWh annual production capacity.

Nissan-new-LEAF-EV
Nissan’s new LEAF EV (Source: Nissan)

Later this year, Nissan will launch the next-gen LEAF in the US and Canada. After unveiling the updated EV in March, Nissan claimed the new LEAF will have “significant range improvements.”

Nissan-new-LEAF-EV
Nissan’s upcoming lineup for the US, including the new LEAF EV and “Adventure Focused” SUV (Source: Nissan)

Nissan dropped the iconic hatch design for a more crossover-like profile. It will also come with a native NACS port to access Tesla Superchargers.

Although official specs and pricing will be revealed closer to launch, Nissan’s vehicle programs chief, Francois Bailly, told TopGear.com the new LEAF is expected to have 373 miles (600 km) driving range (WLTP)

Electrek’s Take

Although Nissan cited “market needs” and is looking to cut costs as part of its turnaround plans, abandoning the LFP battery plant will likely only set it back further in the long run.

BYD and other leading EV brands are quickly gaining market share in key regions like Southeast Asia, Central, and South America, as well as parts of Europe, where Japanese automakers like Nissan and Toyota generate a good portion of sales.

Now, BYD is taking aim at Japan. The Chinese automaker plans to launch its first mini EV, or kei car, next year, which is expected to be “a huge threat” to Japanese automakers.

Nissan’s decision comes a day after Toyota’s President, Koji Sato, said the company is “reviewing” plans to sell 1.5 million EVs by 2026.

Source: Nikkei, Nissan

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Tesla’s NACS connector will be used by Mazda’s EVs in Japan

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Tesla's NACS connector will be used by Mazda's EVs in Japan

Mazda has announced that it will use the North American Charging Standard (NACS), also known as Tesla’s charge connector, on its upcoming electric vehicles in Japan.

The Japanese automaker had already announced that it would adopt NACS for its electric vehicles in North America, like all other automakers in North America, after Ford got the ball rolling.

But this new announcement is about Mazda bringing the NACS connector to Japan.

Mazda wrote in a press release today:

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Mazda Motor Corporation (Mazda) today announced an agreement was reached with Tesla, Inc. (Tesla) to adopt the North American Charging Standard (NACS) for charging ports on the company’s battery electric vehicles (BEV) launched in Japan from 2027 onward.

This is will give Mazda EV owners in Japan access to Tesla’s Supercharger network.

The automaker says that NACS will be standard on its electric vehicles in Japan, and that to access non-NACS chargers, owners will need adapters:

Mazda BEVs will be compatible with other charging standards besides NACS with the use of adapters.

Mazda is actually not the first automaker to bring the NACS, which now might need a name change, to Japan.

Last year, Sony Honda Mobility’s AFEELA EV brand also announced plans to deploy its EVs in Japan with the NACS connector as standard.

Electrek’s Take

It makes sense. Japan doesn’t have a standard connector, and like in North America, Tesla has used its own connector in the market. CHAdeMO had its moment as a connector in Japan, and a few other markets, but it is getting phased out.

It would make sense for the entire Japanese market to adopt NACS.

Considering AFEELA is just getting started, I didn’t think it would create a snowball effect, but Mazda might now get the ball rolling.

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