Brazilian President Luiz Inacio Lula da Silva has signed into law a bill authorizing the development of offshore wind farms, a statement said late on Friday, a bid to strengthen the country's energy security and spark a wave of investment.The new law foresees incentives for the development of offshore energy projects in Brazilian territorial waters, the statement said.
Danish shipping group A.P. Moller-Maersk said on Monday it had raised its full-year forecasts on the back of strong third quarter results, robust demand and the continuing disruption to shipping in the Red Sea.Maersk said it had revised its outlook for global container market volume growth in 2024 to around 6% from a range of between 4% to 6% seen previously.
Port and logistics firm DP World is going ahead with a 1 billion pound ($1.3 billion) investment in its London Gateway port, Britain's government said on Sunday after reports last week that the company had paused the project in protest.In what had been an embarrassment for the government before a major investor conference
A Greek appeals court on Friday reduced the prison sentences of 11 men involved in trafficking 1.2 metric tons of cocaine from the Caribbean into Europe and Africa, in one of the biggest drug busts in Greece's history.Greek police said in 2020 it had dismantled the criminal group after a months-long investigation with assistance from the United States' Drug Enforcement Administration (DEA) and
The operation has started to tow a Greek-registered oil tanker stranded in the Red Sea after an attack by Houthi militants last month, a shipping source told Reuters on Saturday.Towing the 900-foot (274.2-metre) MV Sounion to safety is the first step in a risky operation to salvage the vessel that caught fire after it was repeatedly attacked on Aug. 21.
Three fires have been observed on board a Greek-flagged oil tanker in the Red Sea, The United Kingdom Maritime Trade Operations (UKMTO) said on Friday, one day after it was evacuatedby its crew after being attacked by Yemeni Houthi militants.The Houthis, who control Yemen's most populous regions, said on Thursday that they attacked the Sounion oil tanker in the Red Sea
A merchant vessel reported being approached with the use of small arms fire in waters 92 nautical miles northeast of Eritrea's Massawa port in Red Sea waters adjacent to Yemen's coast, British maritime security firm Ambrey said on Thursday.The United Kingdom Maritime Trade Operations (UKMTO) said shortly after that it received a sighting report of a small boat with armed persons onboard
China's COSCO Shipping Corporation has signed a preliminary agreement with Australia's Fortescue to jointly build a green fuel supply chain to help reduce pollution from the shipping industry, the Chinese company said on Monday.The memorandum of understanding includes exploring construction and deployment of green ammonia-fuelled vessels owned either by COSCO or jointly owned by both companies
Nine people were confirmed dead and four were still missing after a British-Norwegian fishing vessel sank off the coast of the Falkland Islands on Monday, the boat's owner said on Wednesday.A total of 27 crew members had been aboard the Argos Georgia, a Saint Helena-flagged vessel, of whom 14 have so far been found alive, Stig Ervik, CEO at Norway's Ervik Havfiske Holding, told Reuters.
Shipping giant Maersk said one of its vessels, the Maersk Sentosa, reported being targeted by a flying object in the north of the Gulf of Aden early on Tuesday.Maersk told Reuters that no injuries to the crew or damage to the ship or cargo were reported.A spokesperson for the Copenhagen-based company said the ship was one of its U.S.-flagged vessels sailing for the subsidiary Maersk Line, Limited.
A rescue ship funded by British street artist Banksy has been grounded at port for 20 days for ignoring migrant disembarkation orders from Italian authorities, the charity running the vessel said on Wednesday.The Louise Michel ship had been told to take 37 people rescued at sea to Pozzallo in Sicily, but instead took them to the island of Lampedusa
Denmark is considering ways to stop a so-called shadow fleet of tankers from carrying Russian oil through the Baltic Sea, the Nordic country said on Monday, triggering a sharp response from Moscow's diplomats who said any such move would be unacceptable.Russia sends about a third of its seaborne oil exports, or 1.