Soaring costs, project delays and limited investment put targets out of reachAfter a year of canceled projects, broken turbines, and abandoned lease sales, the global offshore wind industry no longer has much chance to hit the lofty targets set by governments in the U.S., Europe and elsewhere ... with the exception of China.
At one of the world's biggest bulk export ports in Western Australia, shippers safely completed the first transfer of ammonia from one vessel to another last month, a key test for its adoption as a marine fuel in the push for cleaner energy.The first cargo ships powered by ammonia are set to enter service in 2026
The bulk carrier Bunun Ace and the Ayed 1, a bulk carrier that appears to have been converted to carry livestock, were involved in a collision in the Bosphorus Strait on October 3.The Turkish Directorate General of Coastal Safety said the Bunun Ace was heading towards the Üsküdar coast, and the swift action of the tug Kurtarma-5 averted the vessel from running aground.
Israel said it bombed Houthi targets in Yemen on Sunday, expanding its confrontation with Iran's allies in the region two days after killing the Hezbollah leader Sayyed Hassan Nasrallah in an escalating conflict in Lebanon.The airstrikes on Yemen's port of Hodeidah were in response to Houthi missile attacks on Israel in recent days, Israel said
A maritime industry recruiter has agreed to work with plaintiffs and share worker compensation data in a lawsuit accusing major U.S. shipbuilders of limiting employee mobility, marking the first settlement in the case.Attorneys for a proposed class of engineers and architects suing General Dynamics
The wreck of a World War II-era freighter has been discovered in over 600 feet of water around 35 miles north of Michigan’s Keweenaw Peninsula.Over the last 7 years, shipwreck researcher Dan Fountain has been studying remote sensing data in the search for shipwrecks in Lake Superior.
Russia has pledged to disclose more data about the volume of its fuel refining and exports after OPEC+ asked Moscow for more transparency on classified fuel shipments from the many export points across the vast country, sources at OPEC+ and ship-tracking firms told Reuters.Russia is the only member of OPEC+ which contributes to export cuts rather than production cuts as part of its participation
Australia's Macquarie has engaged advisors for a potential sale of its subsidiary Corio Generation, one of the world's largest offshore-wind developers, two sources with knowledge of the matter said on Tuesday.Corio oversees a 30-gigawatt pipeline of offshore wind projects spanning Europe, Asia-Pacific, and the Americas.
A Global Centre for Maritime Decarbonisation (GCMD)-led consortium has conducted ship-to-ship transfers of ammonia at anchorages within the Port of Dampier in Australia’s Pilbara region.Two transfers took place between the Green Pioneer, owned by Mitsui O.S.K. Lines (MOL), a 35,000 cubic meters (cbm) ammonia carrier, and the Navigator Global, owned by Navigator Gas, a 22,500 cbm ammonia carrier.
Global solar deployment to add 3.8 TWac of new project capacity by 2033 compared to 1.6 TW of wind power, while 640% growth is forecast for energy storageFrom 2024 to 2033, developers will bring more than 5.4 terawatts (TWac) of new solar and wind capacity online, increasing the cumulative global total to 8 TWac, as the world endeavours to electrify economies and meet decarbonisation targets
Maritime systems supplier Brunvoll has signed a contract with Simon Møkster Shipping to deliver upgrades for Stril Mermaid and Stril Mariner vessels.In addition to replacing the existing DP2 systems for the two vessels, Brunvoll will also replace the current propulsion and thruster control systems, as well as the independent joystick system.
The European power market will see its carbon intensity plummet as the region pursues ambitious climate-energy policies, but flexibility is key to enable this change, according to Peter Osbaldstone, Research Director, Europe Power & Renewables at Wood Mackenzie.Speaking at the Enlit Europe event in Paris