CK Hutchison's plan to sell most of its $22.8 billion ports business is unlikely to be finalised anytime soon, with political brinkmanship set to continue, and sources saying that a Sunday deadline for exclusive talks was likely to be extended.The Hong Kong conglomerate's plan to sell the business, which would include two ports along the strategically important Panama Canal
The IMO Net-zero Framework agreed at MEPC 83 last week is the first in the world to combine mandatory emissions limits and GHG pricing across an entire industry sector. The measures include a new fuel standard for ships and a global pricing mechanism for emissions. These measures, set to be formally adopted in October 2025 before entry into force in 2027
The European Commission has presented its Clean Industrial Deal which aims to accelerate decarbonization while securing the future of manufacturing in Europe.President Ursula von der Leyen said: “Europe is not only a continent of industrial innovation, but also a continent of industrial production.
A Finnish district court ruled on Friday that it does not have jurisdiction to prosecute the captain and two officers of the Eagle S oil tanker, who are accused of breaking undersea power and internet cables in the Baltic Sea last year.Finland has said the Eagle S is part of a shadow fleet of tankers used by Russia to circumvent sanctions on its oil exports.
AYK Energy is set to ramp manufacturing of its latest range of marine batteries after receiving type approval from DNV.DNV has approved AYK Energy’s Pisces, Pisces +, OrionAN, and OrionAN+, as well as aluminum versions of AYK’s legacy modules setting new standards in clean energy marine propulsion.
Compassion in World Farming campaigners gathered at the port outside Brittany Ferries headquarters in Portsmouth, UK, on Saturday to call on the company to reverse its decision made earlier this year to resume the live export of farmed animals from Ireland to France after a 30-year hiatus.
A barge tow struck a vane dike on the Ohio River last year because the pilot did not effectively compensate for the outdraft current while navigating out of the McAlpine Locks in Louisville, Kentucky, the National Transportation Safety Board (NTSB) has concluded.The towing vessel Amber Brittany was transiting the Ohio River on March 8, 2024
KERSHIP launched the construction of the first of two OPV 60M offshore patrol vessels for the Montenegrin Navy at its Lorient shipyard on April 24 in the presence of Mr. Dragan Krapovic, Minister of Defense of Montenegro, Ms. Anne-Marie Maskay, Ambassador of France to Montenegro, and numerous French and Montenegrin civilian and military personalities.
CK Hutchison on Thursday reported an 11% drop in underlying profit for 2024, as one of Hong Kong's most powerful conglomerates becomes increasingly embroiled in a political row over the sale of its ports business to a BlackRock-led consortium.The telecoms-to-retail conglomerate, owned by billionaire Li Ka-shing, said this month it had agreed to sell most of its global ports business
AYK Energy has completed the installation and sea trials for the second Brittany Ferries vessel to feature the biggest marine battery ever built.AYK installed the 12 megawatt-hours (MWh) Orion+ battery into Brittany Ferries Guillaume de Normandie hybrid electric ferry after installing the same battery system aboard its sister ship Saint-Malo at China Merchants Jinling Shipyard Weihai.
Crew on board an oil tanker accused of sabotaging undersea power and communications cables in the Baltic Sea were poised to cut other cables and pipelines when Finnish authorities boarded the vessel last month, the head of the Finnish investigation said.Baltic Sea nations are on high alert after a string of power cable, telecom link and gas pipeline outages since Russia invaded Ukraine in 2022.
Belgium-based offshore installation contractor Jan De Nul, in partnership with Greek cable maker Hellenic Cables, has entered into a framework agreement to supply and install export cables for two 750 MW floating wind farms off the coast of Southern Brittany in France.The agreement was signed with France's transmission system operator RTE