Spanish renewables giant Iberdrola has informed that it has started construction work for the Vineyard Wind 1, the United States' first large-scale offshore wind farm.The offshore wind farm will be located off the coast of Massachusetts. It is 25 times larger than an existing offshore wind farm in Rhode Island, which has 30 MW installed capacity and supplies electricity to 17,000 homes.
A coalition of 19 countries including Britain and the United States on Wednesday agreed to create zero emissions shipping trade routes between ports to speed up the decarbonization of the global maritime industry, officials involved said.Shipping, which transports about 90% of world trade, accounts for nearly 3% of the world's CO2 emissions.U.N.
The Biden administration said on Tuesday it would take steps to restart the federal oil and gas leasing program in the next week and plans to hold a Gulf of Mexico auction as soon as October, court papers showed.The move comes two months after the U.S Interior Department first said it would comply with a June 15 federal judge's order blocking its months-long pause in oil and gas leasing on
Congestion at container shipping ports in southern China is worsening as authorities step up disinfection measures amid a flare-up in COVID-19 cases, causing the biggest backlog since at least 2019.More than 150 coronavirus cases have been reported in Guangdong province, a key manufacturing and exporting hub in southern China, since the latest wave of cases struck in late May
A container ship heading to Rotterdam ran aground in the Suez Canal on Tuesday, blocking other vessels from transiting one of the world's most important waterways, according to shipping company GAC and shipping data on Refinitiv Eikon.The 200,000-tonne vessel en route from the Red Sea to the Mediterranean ran aground at about 7:40 a.m.
Norway will block Rolls-Royce from selling a Norwegian maritime engine maker to a Russian company on national security grounds, its justice minister told parliament on Tuesday.Based on Norway’s west coast, and owned by Britain’s Rolls-Royce for more than 20 years, Bergen Engines supplies NATO member Norway’s navy as well as the global shipping industry.
Germany is betting the U.S. administration will take a pragmatic approach to the Nord Stream 2 project to ship Russian gas to Europe and is pushing for the pipeline’s completion in defiance of U.S. opposition, officials and diplomats said.To try to block the $11 billion project, led by Russia’s Gazprom, successive U.S.
Two liquefied natural gas (LNG) tankers that had initially signaled they would load at Royal Dutch Shell's Prelude floating LNG facility in Australia have diverted elsewhere, ship-tracking data showed on Tuesday.This comes just a week after Shell said that Prelude would resume loading cargoes after production had been suspended for nearly a year following an electrical trip.
The Norwegian offshore vessel owner Solstad Offshore has signed a deal with Inmarsat for its new Fleet LTE service, which will cover the connectivity needs of multiple Solstad Offshore vessels in the North Sea.Mobile satellite communications firm Inmarsat explained that offshore vessel operators usually buy LTE and VSAT connectivity separately, using LTE when within range of shore, rigs
South Korean shipbuilder Hyundai Heavy Industries has raised $935 million after pricing its IPO at the top of its indicative range, with much of the proceeds set to fund investments in new technology.It offered 18 million new shares or 20% of shares outstanding in a range of 52,000-60,000 won per share.It is expected to list on the KOSPI on Sept. 16.
Shoei Kisen, the Japanese owner of the container ship blocking the Suez Canal, said it aims to free the ship "tomorrow night Japan time", the Nikkei reported on Friday.The 400-meter Ever Given, leased by Taiwan's Evergreen Marine Corp, is blocking transit through one of the world's busiest shipping channels for oil and grain and other trade linking Asia and Europe.
The global iron ore market is likely to remain robust for some time, given supply concerns and stronger-than-usual demand from top consumer China, Fortescue Metals Group Chief Executive Elizabeth Gaines said on Thursday."Not only in China, but the ex-China activity is also picking up to pre-COVID levels," she told a media call. "Our view is that the market will remain robust for some time.