The world's largest offshore wind developer Orsted is concerned that Big Oil's eagerness to harness wind at sea could push up prices for seabed leases, making the technology less competitive, its chief executive told Reuters.European oil firms including Total, BP, Equinor and Shell have all outlined plans to speed up investments in renewables, including offshore wind
An Egyptian court on Sunday rejected a complaint by the Japanese owner of a container ship that blocked traffic in the Suez Canal for six days in March against the vessel's continued detention by canal authorities, a lawyer said.The Ever Given, one of the world's largest container ships, became jammed across the canal in high winds on March 23
Traders provisionally booked at least six tankers to ship gasoline from Europe to U.S. destinations following a cyber attack that shut the United States' top fuel pipeline network, Refinitiv Eikon data showed on Monday.The attack forced the Colonial Pipeline to shut down its entire system on Friday, stoking expectations of gasoline shortages along the U.S. East Coast.
Denmark's Maersk said on Wednesday it expected its "exceptionally strong" performance in the first quarter to continue for the rest of the year, driven by high demand for shipping containers from China to the United States.Maersk, which handles about one in five containers shipped worldwide, said there were not enough ships available in the world to meet a surge in consumer demand
The shortest shipping route from Europe to Asia remained blocked on Wednesday as 10 tug boats struggled to free one of the world's largest container ships after it ran aground in the Suez Canal.The 400-metre, 224,000-tonne Ever Given ran aground on Tuesday morning after losing the ability to steer amid high winds and a dust storm, the Suez Canal Authority (SCA) said in a statement.
At least 39 migrants died when two boats sank off Tunisia on Tuesday as they tried to cross the Mediterranean to the Italian island of Lampedusa, the Tunisian defense ministry said.The coast guard rescued 165 others, and searches for more survivors are still ongoing off the coast of Sfax, ministry spokesman Mohamed Zekri said. All the dead migrants were from sub-Saharan Africa, he added.
A deep freeze that hit Texas over the weekend wrought more havoc on the U.S. energy sector on Tuesday, curbing output in the largest U.S. oil field, knocking out a fifth of the nation's refining capacity, and shutting a key shipping channel in Houston.Historic cold has knocked out roughly 4 million barrels per day of refining capacity, more than one-fifth of national capacity
Offshore wind investments in the European Union and Britain in 2020 were more than double the level projected at the start of the year and should continue to grow in 2021, an industry group said on Wednesday.The record 26.3 billion euros ($31.9 billion) invested in offshore wind projects in Europe last year was a figure not expected until 2025, Guy Brindley, financial analyst at Wind Europe, said.
Congress on Monday approved $390 million to fund construction of a fourth National Security Multi-Mission Vessel (NSMV). The state-of-the-art ship will be assigned to the Texas A&M Maritime Academy at Texas A&M University at Galveston, serving as a training platform for future merchant mariners and offer a critical disaster resource in the Gulf Coast.
![Great Ships [ of 2020 ]: Island Victory, the Most Powerful (& green) Multi-Purpose OSV Ever](https://images.marinelink.com/images/maritime/w300h300c/photos-island-offshoredroneinfo-118953.jpg)
Norway’s Island Offshore broke free from the enforced conservatism of the E&P sector, adding not just a new ship to its fleet, but one that re-writes the rulebook in capabilities, technology and despite its size and power, environmental credentials.Simply put, Island Offshore’s new deep water installation Vessel ‘Island Victory’ is the most powerful multi-purpose offshore vessel ever built; a
The world's biggest shipbuilder Hyundai Heavy Industries Holdings Co Ltd is discussing concessions with EU antitrust regulators to allay concerns over its $1.8 billion bid for rival Daewoo, people familiar with the matter said.The deal, in part a response to overcapacity in the sector, would reinforce the South Korean company’s top position with a 21% market share
The European Parliament on Tuesday voted in favour of including greenhouse gas emissions from the maritime sector in the European Union's carbon market from 2022, throwing its weight behind EU plans to make ships pay for their pollution.Shipping is the only sector which does not face EU targets to cut emissions