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Rates for shipping cargo containers from China to the U.S. have dropped by more than half since earlier this month, as imports rebounded less than expected after the slump that followed President Donald Trump slapping 145% tariffs on China.Trump quickly reversed course by lowering the rate to 30%.
https://www.marinelink.com/news/container-shipping-rates-plunge-step-us-527386
https://www.marinelink.com/news/container-shipping-rates-plunge-step-us-527386The contained move in oil prices during the Israel-Iran war highlights the increasing efficiency of energy markets and fundamental changes to global crude supply, suggesting that Middle East politics will no longer be the dominant force in oil…
https://www.marinelink.com/news/wars-rage-middle-easts-waning-influence-527388
https://www.marinelink.com/news/wars-rage-middle-easts-waning-influence-527388Imabari Shipbuilding Co., Ltd., JFE Holdings, Inc. and IHI Corporation reached an agreement under which Imabari Shipbuilding will acquire a portion of the shares of Japan Marine United Corporation owned by JFE and IHI.Imabari Shipbuilding and…
https://www.marinelink.com/news/imbari-shipbuilding-seals-deal-japan-527389
https://www.marinelink.com/news/imbari-shipbuilding-seals-deal-japan-527389U.K. based energy firm Centrica and Thai state-owned oil and gas giant PTT Group have signed heads of agreement for a long-term liquefied natural gas (LNG) supply deal.Under the agreement, PTT will supply LNG to Centrica for a 10-year period across a range of destinations in Asia…
https://www.marinelink.com/news/centrica-thailands-ptt-ink-longterm-lng-527393
https://www.marinelink.com/news/centrica-thailands-ptt-ink-longterm-lng-527393On March 5, 2025, the United States Senate passed an important bill to authorize funding for our United States Coast Guard, after failing to do so in the previous Congress. S. 524, the Coast Guard Authorization Act of 2025, would if enacted…
https://www.marinelink.com/news/proposed-transfer-regulatory-authority-527399
https://www.marinelink.com/news/proposed-transfer-regulatory-authority-527399China's first hydrogen-electric tugboat, the Hydrogen-Electric Tug No.1, was officially put into service on Thursday at Qingdao Port, east China's Shandong Province. Compared to traditional fuel-powered tugboats, this vessel is expected to reduce carbon dioxide emissions by over 1…
https://www.marinelink.com/news/world-first-hydrogenelectric-tug-enters-527400
https://www.marinelink.com/news/world-first-hydrogenelectric-tug-enters-527400The Welsh Government has published a new action plan aimed at unlocking the full potential of the country’s offshore wind energy. Wales has a significant pipeline of more than 15GW of offshore wind projects around its coastline, in Welsh, English, and Irish waters. The sector represents a significant opportunity with the prospect of £4.8bn ($6.6bn) …
https://splash247.com/offshore-wind-to-bring-6bn-boost-to-welsh-economy/
https://splash247.com/offshore-wind-to-bring-6bn-boost-to-welsh-economy/Oil majors Equinor and Shell have said that they have chosen the name Adura for their incorporated joint venture in the UK. Adura has been created to bring together the A of Aberdeen, the joint venture’s base of operations, and the ‘dura’ from durability. According to the statement from the two, it’s a company “built …
https://splash247.com/uk-north-seas-largest-independent-producer-gets-new-name/
https://splash247.com/uk-north-seas-largest-independent-producer-gets-new-name/Oslo-listed OSV pure play Golden Energy Offshore Services (GEOS) has won a new contract for its large platform supply vessel Energy Swan. The 2005-built unit has been fixed out to Vår Energi to support the semisubmersible rig Deepsea Yantai. The rig is in PL 586 in the Norwegian Sea, where it will drill well 6406/11-2 …
https://splash247.com/golden-energy-offshore-clinches-psv-fixture/
https://splash247.com/golden-energy-offshore-clinches-psv-fixture/Norwegian energy major Equinor will invest more than NOK 21bn ($2.1bn) in the North Sea Fram Sør subsea development. The Fram Sør project is a combined development of several discoveries that will export oil and gas via the Troll C platform. Recoverable volumes are estimated at 116m barrels of oil equivalent, 75% of which is …
https://splash247.com/equinor-investing-over-2bn-in-new-subsea-development/
https://splash247.com/equinor-investing-over-2bn-in-new-subsea-development/