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A Massachusetts judge has issued a preliminary injunction ordering GE Vernova to remain engaged on the Vineyard Wind offshore wind farm, pointing out the legal limits on contractor exits once major projects reach advanced operational stages. Suffolk County superior court judge Peter Krupp barred GE Renewables US, a GE Vernova unit, from terminating its $1.3bn …
https://splash247.com/ge-vernova-forced-to-continue-work-on-us-offshore-wind-farm-amid-dispute/
https://splash247.com/ge-vernova-forced-to-continue-work-on-us-offshore-wind-farm-amid-dispute/As the industry pushes ahead toward future fuels, it must not overlook the immediate power of operational discipline and voyage-level data to manage costs and strengthen readiness for the transition, says Alex Caizergues, founder and CEO of Syroco. The maritime industry is in a period of intense anticipation as the International Maritime Organization (IMO) continues …
https://splash247.com/efficiency-is-the-bridge-to-future-fuels/
https://splash247.com/efficiency-is-the-bridge-to-future-fuels/Brazil’s Transpetro has lined up three new gas carriers at China’s Zhoushan Dashenzhou Shipbuilding, as Petrobras’ shipping arm pushes ahead with a wider fleet renewal programme. The contract covers 10,000 cu m semi-refrigerated carriers designed to transport liquefied petroleum gas and related products. The order sits under the Mar Aberto programme, which aims to modernise …
https://splash247.com/transpetro-orders-lpg-trio-in-china/
https://splash247.com/transpetro-orders-lpg-trio-in-china/Mining giant Rio Tinto has secured long-term freight cover with a deal to charter two methanol-capable dual-fuel newcastlemax bulkers from Japan’s NS United Kaiun Kaisha, with deliveries set from 2028. The move gives the miner added flexibility as it looks to future-proof its shipping exposure. The vessels will be designed to run on conventional fuels …
https://splash247.com/rio-tinto-locks-in-methanol-ready-bulker-charters/
https://splash247.com/rio-tinto-locks-in-methanol-ready-bulker-charters/New York-listed Scorpio Tankers is offloading six product tankers in a deal worth about $300m, as the owner continues to reshape its fleet and free up capital. The Emanuele Lauro-led company said it has agreed to sell three LR2s and three MR tankers, all built in 2014, with the transactions expected to close in the …
https://splash247.com/scorpio-tankers-lines-up-300m-sale-of-six-ships/
https://splash247.com/scorpio-tankers-lines-up-300m-sale-of-six-ships/A year in the making, next week’s Geneva Dry summit promises to be this year’s first major event to address the major stress points for shipping. From the Hormuz fallout to the green transition via plenty of frank conversations on all things maritime and digital, delegates attending Geneva Dry, the world’s premier commodities shipping conference, …
https://splash247.com/geneva-dry-set-to-tackle-shippings-biggest-stress-points/
https://splash247.com/geneva-dry-set-to-tackle-shippings-biggest-stress-points/Specialist maritime venture fund Motion Ventures has published its full investment thesis for the first time in its five-year history, making the case that shipping is on the cusp of a technology transformation driven not by industry enthusiasm but by regulatory compulsion – and that venture capital has dramatically underestimated the opportunity. The Singapore-based fund, …
https://splash247.com/case-made-for-maritime-as-the-last-great-uninvested-industry/
https://splash247.com/case-made-for-maritime-as-the-last-great-uninvested-industry/The ongoing maritime paralysis in the Middle East has no precedent in the post-World War II era for seafarers caught in a war zone. As regional tensions remains at a breaking point, thousands of crewmembers find themselves effectively immobilised in one of the world’s most volatile corridors, facing a cocktail of physical danger and psychological …
https://splash247.com/the-unprecedented-plight-of-seafarers-in-the-hormuz-crisis/
https://splash247.com/the-unprecedented-plight-of-seafarers-in-the-hormuz-crisis/Everllence has announced the successful factory acceptance test (FAT) of its first ammonia-burning engine built by licensee Engine & Machinery of Hyundai Heavy Industries (HHI-EMD) in South Korea.The dual-fuel Everllence B&W 6G60ME-LGIA (-liquid…
https://www.marinelink.com/news/everllence-ammonia-engine-passes-factory-538267
https://www.marinelink.com/news/everllence-ammonia-engine-passes-factory-538267The Maritime and Port Authority of Singapore, Port of Los Angeles and Port of Long Beach, with the support of C40 Cities, have renewed their memorandum of understanding on a green and digital shipping corridor for another three years.First signed in 2023…
https://www.marinelink.com/news/singapore-los-angeles-long-beach-renew-538268
https://www.marinelink.com/news/singapore-los-angeles-long-beach-renew-538268