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The Polish development bank has revealed that the country would launch a nearly €5bn ($5.46bn) programme to provide loans for the construction of offshore wind farms in the Baltic Sea. Bank Gospodarstwa Krajowego (BGK) said the programme was financed from the European Union’s recovery funds and will grant loans on market terms. This is not …
https://splash247.com/poland-launches-5-4bn-loan-scheme-for-offshore-wind-funding/
https://splash247.com/poland-launches-5-4bn-loan-scheme-for-offshore-wind-funding/Vineyard Wind, a joint venture between Iberdrola’s US arm Avangrid and Copenhagen Infrastructure Partners, and GE Vernova has received approval from the Bureau of Safety and Environmental Enforcement (BSEE) to resume the installation of towers and nacelles at the offshore wind farm. The approval is only for components not associated with the blade incident that …
https://splash247.com/vineyard-wind-allowed-to-continue-with-towers-and-nacelle-installation/
https://splash247.com/vineyard-wind-allowed-to-continue-with-towers-and-nacelle-installation/COSCO Shipping Bulk is swelling its fleet with eight newcastlemax bulk carrier newbuilds at a domestic yard in a deal worth around $640m. Brokers tell Splash, that the dry bulk arm of the Chinese behemoth COSCO Shipping has booked 210,000 dwt units at Jiangsu Hantong, each priced at $80m. The newbuilds are scheduled for delivery …
https://splash247.com/cosco-seals-newcastlemax-orders/
https://splash247.com/cosco-seals-newcastlemax-orders/Greek owner Niovis Shipping is expanding its fleet with a pair of Japanese ultramax newbuilds. The Piraeus-based outfit revealed on its website that it had booked 64,000 dwt units at Oshima Shipbuilding. Including the two newbuildings, the Mavroleon family vehicle currently counts a fleet of 19 vessels in the dry bulk and tanker segments. The …
https://splash247.com/niovis-reveals-ultramax-orders-in-japan/
https://splash247.com/niovis-reveals-ultramax-orders-in-japan/Pipavav Shipyard, the largest shipyard in India by capacity, is set to resume operations having come out of bankruptcy. Now led by Swan Energy, the yard has tapped former Damen Shipyards executive, Carsten Schumacher, to serve as its new chief operating officer. The yard will shortly get to work on a repair job for the …
https://splash247.com/indias-pipavav-shipyard-reopens/
https://splash247.com/indias-pipavav-shipyard-reopens/American retailing giant Walmart is getting more into container shipping, offering its Marketplace sellers the chance to use the company’s cross border ocean shipping solution to transport China-made goods to its US fulfillment center network. Walmart’s Cross Border service is a port-to-door, full container load freight service from China to the US, according to the …
https://splash247.com/walmart-expands-its-container-offering/
https://splash247.com/walmart-expands-its-container-offering/There are 171 days to go until a sizeable liner alliance reshuffle, and two of the principle instigators in this container tango are well advanced in preparing for this new alignment. February 1 next year sees Hapag-Lloyd exit THE Alliance and join forces with Maersk to create the Gemini Cooperation following the disbanding of the …
The real threat of a dockworker strike at ports across the US east and Gulf coasts come October 1 could knock supply chains out of synch through to 2025, according to new research from Copenhagen. Contract negotiations have broken down between the International Longshoremen’s Association (ILA) and port operators. The current agreement, which covers about …
https://splash247.com/american-port-strike-looms-as-shippings-next-major-chokepoint/
https://splash247.com/american-port-strike-looms-as-shippings-next-major-chokepoint/Norwegian Cruise Line (NCL) has chosen the port terminals of the province of Colón and the province of Panama (Panama Cruise Terminal) as home ports.Between December 2024 and December 2025, there will be four NCL embarking/disembarking operations there for the Norwegian Jade and Norwegian Gem.
https://www.marinelink.com/news/panama-lures-ncl-rci-home-port-visits-515940
https://www.marinelink.com/news/panama-lures-ncl-rci-home-port-visits-515940ChatGPT and other large language models (LLMs) cannot learn independently or acquire new skills, meaning they pose no existential threat to humanity, according to new research from the University of Bath in the UK and the Technical University of Darmstadt in Germany.The study…
https://www.marinelink.com/news/study-chatgpt-poses-fake-news-threat-not-515942
https://www.marinelink.com/news/study-chatgpt-poses-fake-news-threat-not-515942