UK Expects Return of Wind Bidders
An official from UK government expressed optimism for upcoming offshore wind auction, following a previous round that did not meet expectations.
Europe
Marinakis & Fredriksen Strengthen Chinese Shipbuilder Ties
DSIC has obtained orders for $1.8 billion from two well-known European clients, involving the construction of up to 14 Very Large Crude Carriers.
Hamburg Port Witnesses Ship Sinking
A vessel navigating the inland waterways, laden with 3,500 litres of diesel and 1,400 tonnes of potassium chloride, has sunk in Hamburg Port.
$300M Transport Pact for Wallenius Wilhelmsen
The Norwegian transport specialist Wallenius Wilhelmsen has finalized a transport contract valued at approx $300 million, set to span 3 years.
French Engineers Present Cutting-Edge Hydrogen Carrier Design
A team of French specialists with knowledge of gas technology has introduced an initial concept for a liquefied hydrogen carrier.
Vroon Expands Livestock Fleet After Buying Vessel From Tsuneishi
Dutch Shipping company Vroon has majorly strengthened its fleet with acquisition of a livestock carrier from Japan’s Tsuneishi Group.
EU Launches Port Alliance in Effort to Combat Drug Trafficking
The new partnership aligns with the EU’s roadmap aimed at addressing and fighting Drug Trafficking and Organised Crime.
Europe's Drive for Offshore Wind Faces Supply Chain Complexity
European offshore wind sector is challenged with a substantial undertaking to construct the infrastructure required to achieve climate targets.
Economou Expands Influence in OceanPal Holdings
Greek shipping tycoon George Economou has recently increased his shareholding in OceanPal, a dry bulk company with connections to the Palios family
Maritime Safety Breach: UK Port Captain's High Alcohol Level
A 65-year-old captain faces sentencing after admitting he was in command of a containership while exceeding the legal alcohol limit for seafarers
Novatek's Baltic Terminal Targeted by Drones from Ukraine
Executing the mission with the aid of two long-range drones, the operation led to a fire at Novatek's gas terminal, prompting the evacuation of staff.
UK MoD to Upgrade Defence Missile System Used in Red Sea
In a statement made by the MoD a missile system will be upgraded to feature a new warhead & software enabling it to counter ballistic missile threads.
Van Oord Takes Charge of Pivotal FSRU Jetty Construction in DE
Van Oord secures contract from FSRU Wilhelmshaven, a venture between ENGIE and TES for construction of FSRU jetty in Wilhelmshaven, Germany.
Germany Will Participate in EU Red Sea Naval Mission
Due to continued attacks on vessels by Iran-backed Houthi militia off the Yemen coast, the most important global shipping lane has been paralyzed
Italian Liner Company Moves Forward with Liquidation Filing
Kalypso Compagnia di Navigazione, a liner company based in Genoa, has officially initiated the liquidation process.
Wheat Futures Rose After Mine Incident in Ukraine
Wheat futures rose due to incident in Black Sea where a vessel preparing to load grain from Ukraine struck a mine, increasing fears of turbulence
Final Investment Decision for Largest Offshore Wind Farm
Ørsted announced its Final Investment Decision (FID) on Hornsea 3, the largest single offshore windfarm globally.
Greek Shipping Advised to Avoid Red Sea Following Attacks
Commercial vessels currently voyaging the Red Sea and the Gulf of Aden have been advised by Greece to avoid Yemeni waters following attacks.
European Union Introduces Revised Sanctions on Oil Price Cap
The EU has recently announced its twelfth round of sanctions aimed at Russia, significantly focusing on the regulation of tanker transactions.
Bulgaria, Romania, Turkey to Remove Mines from Black Sea
Over the nearly 2-year duration of the war, the detection of mines in the Black Sea has been a problem in the conflict between Ukraine & Russia