The Trump administration on Friday ordered Denmark's Orsted to stop far-advanced construction on an offshore wind project near Rhode Island, in a move that threatens to exacerbate the company's financial troubles.With construction now frozen at 80% completion, Orsted has no immediate path to revenue generation, heightening pressure on the company as it seeks to shore up finances through a $9.
U.S. President Donald Trump's administration on Tuesday unveiled a comprehensive schedule to hold more than 30 offshore oil and gas lease sales in the Gulf of Mexico and Alaska's Cook Inlet over the next 15 years.The plan fulfills a directive in Trump's One Big Beautiful Bill Act, which passed last month
ABB has secured a large order by Seatrium, a global provider of marine engineering solutions based in Singapore, for the supply of electrical equipment and automation solutions on a new generation of floating production storage and offloading (FPSO) vessels for operator Petrobras.The two vessels, P-84 and P-85, will be deployed in the Atapu and Sépia fields
Norwegian shipowners agree: the obsession with new fuels is eliding a valuable discussion of the potential of fuel efficiency. The Aurora-class has enabled Höegh Autoliners to reduce emissions by around 58% per car carried, “before we even use low carbon fuels,” CEO Andreas Enger said.
Odfjell’s chemical tanker Bow Olympus is currently crossing the Atlantic powered by a combination of wind-assisted propulsion and a certified sustainable 100% biofuel, marking the company’s first near carbon-neutral transatlantic voyage.Real-time data from the voyage confirms that the dual propulsion approach is both technically feasible and impactful
US Secretary of the Interior Doug Burgum has directed the Bureau of Ocean Energy Management (BOEM) to begin a public engagement process to develop a new schedule for offshore oil and gas lease sales on the U.S. Outer Continental Shelf.“Launching the process to develop the 11th National Outer Continental Shelf Program marks a decisive step toward securing American Energy Dominance
Stena Bulk, the owner of the Stena Immaculate oil tanker, said it is working closely with the manager of the vessel Crowley and U.K. agencies following the last week’s allision with incident the container ship Solong.Salvage experts from SMIT Salvage are continuing with their detailed onboard assessments of Stena Immaculate.
Fears of an environmental disaster eased on Wednesday, two days after a container ship ploughed into a stationary U.S. fuel tanker off northeast England, as the vessel's owner said the detained captain was a Russian national.The Portuguese-flagged Solong had crashed with no obvious explanation into the larger Stena Immaculate, a tanker carrying jet fuel for the U.S. military.
The majority of the jet fuel aboard the U.S.-flagged tanker Stena Immaculate remains secure despite a collision with a container ship off the British coast, the tanker's owner, Stena Bulk, reported on Wednesday. Only two of the vessel’s 18 fuel tanks have leaked.The incident occurred on Monday when the Portuguese-flagged container ship Solong struck the Stena Immaculate
A tanker carrying jet fuel for the U.S. military was hit by a container ship off northeast England on Monday, with the collision igniting a blaze on both vessels, causing multiple explosions and forcing both crews to abandon ship.The tanker, which can carry tens of thousands of tons of jet fuel, was at anchor when the smaller container ship struck it
Stena Immaculate and the Portuguese-flagged container ship Solong Tanker, cargo ship collide off UK coast causing blaze and casualties.A chemical tanker and container ship collided off the northeastern coast of England on Monday causing a huge fire on at least one of the vessels and leading to numerous casualties.
cut685bdfb8b3c6622a5fe1f2da_Lund Family1SunStone Maritime Group A/S takes next step in previously announced leadership transition.After 35 years as Chief Executive Officer, founder Niels-Erik Lund is retiring as CEO on June 30, 2025. Niels-Erik will remain involved in the group as a member of the Board of Directors.As of July 1st, Carsten Lund will assume the role of CEO of the Group.