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Norwegian energy major Equinor has recorded a $995m impairment on its US offshore wind ventures, regardless of US president Donald Trump allowing the construction of the $5bn Empire Wind project to restart. Equinor said that the write-down was due to the removal of key investment tax credits for new renewable developments and growing uncertainty over …
https://splash247.com/us-policy-shift-forces-equinor-to-book-1bn-us-offshore-wind-impairment/
https://splash247.com/us-policy-shift-forces-equinor-to-book-1bn-us-offshore-wind-impairment/Italian offshore engineering and construction giant Saipem and offshore engineering and services player Subsea 7 have signed a binding merger agreement between the two companies. The terms and conditions of the merger are in line with an agreement in principle on the key terms of the merger signed on February 23, 2025. The merger deal …
Matthieu de Tugny, executive vice president at Bureau Veritas, has a new book out called Toward a sustainable blue economy, which addresses the complex challenges that the industry currently faces in its pursuit of more sustainable operations, whilst also looking at the need for industry-wide transformation in how we finance, fuel and operate the global …
https://splash247.com/rethinking-shippings-systems-to-unlock-a-sustainable-blue-economy/
https://splash247.com/rethinking-shippings-systems-to-unlock-a-sustainable-blue-economy/Hong Kong is giving its maritime waste disposal system a significant overhaul, with new vessels and cranes on the way to modernise the city’s containerised garbage transport network. Chinese equipment giant Shanghai Zhenhua Heavy Industries Company (ZPMC) has shipped four specialised ship-to-shore gantry cranes to Hong Kong, designed to support the city’s unique waterborne waste …
https://splash247.com/hong-kong-upgrades-waterborne-waste-transport-with-new-ships-and-cranes/
https://splash247.com/hong-kong-upgrades-waterborne-waste-transport-with-new-ships-and-cranes/UK-based shipbroking house Clarksons has expanded its derivatives arm with the launch of a dedicated desk for container freight forward agreements (FFAs), marking a significant move into a growing segment of the freight risk management market. The new container FFA desk will be led by Peter Stallion, who joins the London office with a strong …
https://splash247.com/clarksons-moves-into-container-ffa-market-with-new-derivatives-desk/
https://splash247.com/clarksons-moves-into-container-ffa-market-with-new-derivatives-desk/A group of major shipping and marine fuel companies has launched a self-regulatory initiative aimed at increasing transparency and trust in the bunkering process, starting in the Amsterdam-Rotterdam-Antwerp (ARA) region, the world’s second-largest and Europe’s largest bunkering hub. The Bunkering Services Initiative, backed by companies including Cargill, Frontline, Hafnia, Hapag-Lloyd, Mercuria, Minerva Bunkering, Oldendorff, Trafigura, …
https://splash247.com/big-names-back-fuel-reform-drive-in-europes-largest-bunkering-hub/
https://splash247.com/big-names-back-fuel-reform-drive-in-europes-largest-bunkering-hub/The US and Japan struck a new trade pact yesterday, cutting US tariffs on Japanese vehicles from 25% to 15%. In return, Japan pledged $550bn in US investments and a major goods purchase program. Contained in a fact sheet handout from the White House is news that Japanese companies will invest in American commercial and …
https://splash247.com/japanese-shipbuilders-ready-to-invest-in-american-yards/
https://splash247.com/japanese-shipbuilders-ready-to-invest-in-american-yards/Tanker giant Teekay has turned from seller to buyer, interrupting a lucrative streak of vessel disposals with the acquisition of a rare modern suezmax tanker. According to Splash sources in the sale and purchase (S&P) market, Teekay is paying just under $64.5m for the 157,400 dwt Nordic Thunder, a 2017-built ship constructed by Hyundai Samho …
https://splash247.com/teekay-spends-64-5m-on-modern-suezmax/
https://splash247.com/teekay-spends-64-5m-on-modern-suezmax/Reuters reported yesterday that Russia has imposed a sudden halt on foreign oil tanker loadings at its key Black Sea export hubs, citing a new port security decree that requires Federal Security Service (FSB) clearance for all foreign vessels — a move poised to disrupt over 2% of global crude supply. The restriction, which took …
A liquefied petroleum gas tanker moored at the Enterprise Products Partners terminal along the Neches River in Texas, ship tracking data showed on Wednesday, the first vessel to arrive for loading at the facility.Energy research firm Vortexa said the mooring signaled the commissioning of the plant.
https://www.marinelink.com/news/first-lpg-tanker-docks-new-texas-terminal-528266
https://www.marinelink.com/news/first-lpg-tanker-docks-new-texas-terminal-528266