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Dubai-owned DP World reported a 59% drop in first-half profit on Thursday as the ports and logistics company grappled with shipping disruptions in the Red Sea as tensions flare in the Middle East due to the ongoing Israel-Hamas war in Gaza.Missile…
https://www.marinelink.com/news/middle-east-tensions-leave-big-dent-dp-516007
https://www.marinelink.com/news/middle-east-tensions-leave-big-dent-dp-516007South Korea’s LS Marine Solution has signed a memorandum of understanding (MoU) with Taiwan-based offshore wind service player Dong Fang Offshore. The two companies agreed to explore the possible collaboration on complex construction support for offshore wind projects in South Korea. LS Marine also revealed plans to enter overseas markets in the US and Europe …
https://splash247.com/ls-marine-to-introduce-dong-fangs-sov-to-south-korean-offshore-wind-market/
https://splash247.com/ls-marine-to-introduce-dong-fangs-sov-to-south-korean-offshore-wind-market/The New Jersey Board of Public Utilities (NJBPU) has formally vacated all orders that approved the Ocean Wind One and Ocean Wind Two offshore wind projects owned by Danish developer Ørsted. NJBPU’s actions follow the filing of lawsuits by the County of Cape May in the New Jersey Appellate Division as well as in the …
https://splash247.com/new-jersey-formally-terminates-two-orsted-offshore-wind-projects/
https://splash247.com/new-jersey-formally-terminates-two-orsted-offshore-wind-projects/Norwegian energy major Equinor and US-based Dominion Energy have won two separate US offshore wind leases in the Central Atlantic auction after bidding around $93m in total. This is the fifth offshore wind lease sale held during the current administration, and the auction for leases off the states of Delaware, Maryland, and Virginia was the …
https://splash247.com/equinor-dominion-energy-winners-in-central-atlantic-offshore-wind-auction/
https://splash247.com/equinor-dominion-energy-winners-in-central-atlantic-offshore-wind-auction/Indian oil and gas company Swan Energy has revealed plans to sell its stake in a floating, storage and regasification unit (FSRU) to Turkey’s state-run company Botas for $399m. The FSRU in question is the Vasant 1, a 180,000-cubic-meter floating storage and regasification unit, owned by Swan Energy’s subsidiary Triumph Offshore where Swan holds a …
https://splash247.com/swan-energy-to-sell-majority-stake-in-fsru-for-399m/
https://splash247.com/swan-energy-to-sell-majority-stake-in-fsru-for-399m/Nick Chubb from Thetius, a British research firm, on the implications of maritime connectivity becoming a utility. There’s a day growing up that’s lodged in my memory. I was an awkward teenager, uncomfortable in my own skin and battling to find my place in the world when a small plastic box arrived at our house. …
https://splash247.com/connectivity-is-dead-long-live-connectivity/
https://splash247.com/connectivity-is-dead-long-live-connectivity/Angeliki Frangou’s Navios Maritime Partners has picked up the pace of offloading veteran tonnage with another upcoming exit of a 2005-built post-panamax bulker. Brokers in Greece report the sale of the 87,100 dwt Navios Apollon I to an undisclosed buyer in a deal worth $13m – about the same price Navios Partners bought the vessel …
https://splash247.com/navios-partners-lets-go-of-ageing-post-panamax/
https://splash247.com/navios-partners-lets-go-of-ageing-post-panamax/Singapore-based owner Jaldhi Overseas has ventured into very large ammonia carrier segment with up to four newbuilds at Jiangnan Shipyard in China. The shipping arm of India’s Bothra Group has contracted two firm 93,000 cu m gas carriers and signed a letter of intent for two additional units with the yard, which recently firmed up …
https://splash247.com/jaldhi-overseas-orders-very-large-ammonia-carriers-at-jiangnan/
https://splash247.com/jaldhi-overseas-orders-very-large-ammonia-carriers-at-jiangnan/The Japanese government is sponsoring a project that will see atmospheric observation equipment installed on Iino Kaiun Kaisha’s four-year-old VLCC, Fujisan Maru, to track greenhouse gas emissions across the Indian Ocean. The ship, on charter to Idemitsu Tanker, tends to focus on Japan to Middle East routes. Japan’s National Institute for Environmental Studies (NIES) has …
https://splash247.com/japanese-vlcc-to-help-track-emissions-in-the-indian-ocean/
https://splash247.com/japanese-vlcc-to-help-track-emissions-in-the-indian-ocean/Delegates, speakers and sponsors are signing up en masse to next year’s Geneva Dry, the world’s premier commodities shipping summit, with organisers today unveiling special rates at six hotels in the Swiss city. The event sold out three weeks ahead of its debut this year, and subsequently those keen to attend in 2025 – scheduled …
https://splash247.com/six-hotels-lined-up-as-demand-for-geneva-dry-2025-heats-up/
https://splash247.com/six-hotels-lined-up-as-demand-for-geneva-dry-2025-heats-up/