Offshore wind developer Orsted won shareholder approval on Friday for a $9.4 billion emergency rights issue to help fund U.S. projects thrown into uncertainty by President Donald Trump's opposition to the renewable energy source.The stakes are high for the Danish state-controlled firm
Shares in Orsted plunged to a record low on Monday as the wind farm developer asked shareholders for $9.4 billion to help fund a U.S. project, after potential partners were put off by U.S. President Donald Trump's hostility to wind power.The 60 billion crowns ($9.4 billion) rights issue is worth around half of the Danish company's market value as of Friday's close.
HII announced that its Newport News Shipbuilding (NNS) division has successfully completed builder’s sea trials of John F. Kennedy (CVN 79), the second Gerald R. Ford-class nuclear-powered aircraft carrier.Kennedy returned to NNS after testing important ship systems and components at sea for the first time.The sea trials brought together NNS shipbuilders, John F.
The U.S. has seized the Olina tanker in the Caribbean, the fifth vessel targeted in recent weeks as Washington steps up efforts to curb Venezuelan oil exports, U.S. officials said on Friday.The Olina, which according to public shipping database Equasis was falsely flying the flag of Timor Leste, previously sailed from Venezuela and had returned to the region
The U.S. Coast Guard is waiting for additional forces to arrive before potentially attempting to board and seize a Venezuela-linked oil tanker it has been pursuing since Sunday, a U.S. official and a source familiar with the matter told Reuters.The ship, which maritime groups have identified as the Bella 1, has refused to be boarded by the Coast Guard.
The Gerald Ford aircraft carrier strike group has moved into the Latin America region, U.S. officials said on Tuesday, dramatically escalating a military buildup that has deepened tensions withVenezuela.President Donald Trump ordered the deployment of the Ford last month, adding to the eight warships, a nuclear submarine and F-35 aircraft already in the Caribbean.
Weathernews, a Japan-headquartered weather intelligence firm, and Belgium’s Toqua, a developer of physics-informed AI for ship performance modeling, have entered a strategic partnership to integrate vessel-specific performance models into Weathernews’ voyage optimization systems.The collaboration aims to improve fuel efficiency and operational predictability by combining Toqua’s AI-trained
President Donald Trump dramatically escalated a U.S. military buildup in the Caribbean on Friday by deploying the Gerald Ford aircraft carrier group to Latin America, a show of force that far exceeds any past counter-narcotics need and represents Washington’s most muscular move yet in the region.
A liquefied natural gas tanker has left Russia's Arctic LNG 2 after loading a cargo there, according to data compiled by LSEG and analytics firm Kpler, as the project continues output despite Western sanctions over Moscow's war in Ukraine.The Christophe De Margerie tanker arrived at Arctic LNG 2 on October 17 and departed loaded on October 20, according to Kpler data.
ABB has signed a memorandum of understanding (MoU) with Swedish nuclear energy company Blykalla to support and accelerate the deployment of small modular lead-cooled reactors to the maritime industry.Building on the terms of an existing MoU between Blykalla and ABB signed in October 2024, which targets developing lead-cooled SMR technology to support Sweden’s clean energy requirements
Wasaline says it has become the first carbon-neutral shipping company in the Baltic Sea, reaching its original 2030 climate target six years ahead of schedule. The milestone comes as the Finnish-Swedish operator signed a biogas supply contract with Gasum and entered a FuelEU Maritime pooling agreement with Stena Line, enabling its Vaasa–Umeå service to run entirely on biofuels.
Analysts question feasibility as framework trade deal outpaces current U.S. export capacityThe European Union’s commitment to purchase $250 billion in U.S. energy supplies annually under a new trade framework with Washington faces significant market challenges, according to analysts and industry observers.The agreement, announced Sunday, includes 15% U.S.