Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe.Their order books, however, reflect uncertainty over which of a wide array of so-called green fuels will become the standard in the decades to come
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.
Orders of new container vessels are up by approximately 52% year-on-year with 254 new contracts placed in 2024, compared to 167 in the corresponding period of 2023, according to a new report by Veson Nautical's data intelligence arm VesselsValue.The report, titled ‘Golden Age: Container shipping’s post-covid boom continues’, states that in addition to the huge uptick in orders
An international team of scientists is reconstructing the impact of the 2008 Chaitén volcanic eruption on the marine environment following an expedition onboard Schmidt Ocean Institute’s R/V Falkor (too).After 9,000 years of dormancy, the Chaitén Volcano erupted without warning on May 2, 2008. Ash spewed 30 kilometers (18 miles) into the air and blanketed the landscape.
A ceremonial groundbreaking ceremony was held to signal the start of construction at the Salem Offshore Wind Terminal in Massachusetts.The Crowley Wind Services-led project involves transforming a former oil- and coal-fired power plant into Massachusetts’ second wind port, to support the construction of offshore wind farms in New England and future floating turbines in the Gulf of Maine.
VesselsValue has unveils this year’s top 10 shipowning nations, reviewing the total asset values for vessels by beneficial owner country. From Japan's resolute leadership in the top position with a USD 206.3 billion fleet to the emergence of Hong Kong at USD 44.7 billion, asset values and ownership strategies have changed considerably over the last 12 months, says Rebecca Galanopoulos-Jones
The Massachusetts Clean Energy Center (MassCEC), Crowley Wind Services and the City of Salem announced the transfer of ownership and an agreement for site improvements and ongoing operations for the Salem Offshore Wind Terminal.The agreement will kickstart the transformation of the site into the second port built specifically to support the construction of offshore wind farms in Massachusetts.
The Australian Alliance for Animals has written an open letter to animal exporters imploring them to voluntarily suspend all live animal exports to or through the Red Sea while the risk of attack remains and to suspend any extended journeys to the Middle East via the Cape of Good Hope.The move follows the recently aborted voyage of the Bahijah.