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German energy utility giant EnBW and US technology giant Google have entered into a long-term power purchase agreement for the supply of 100MW of clean electricity from the He Dreiht offshore wind farm over a period of 15 years. Google aims to operate its global operations on carbon-free energy by 2030, meaning that every hour …
https://splash247.com/google-secures-clean-power-from-enbws-offshore-wind-farm/
https://splash247.com/google-secures-clean-power-from-enbws-offshore-wind-farm/Dr Raymon Krishnan, president of Singapore’s Logistics & Supply Chain Management Society, ponders the risks of index-based freight contracts. For many beneficial cargo owners (BCOs), index-based freight contracts are increasingly positioned as the modern, data-driven answer to volatile shipping markets. On paper, they promise transparency, fairness, and alignment with prevailing market conditions. In practice, however, …
https://splash247.com/are-index-based-shipping-contracts-a-trap-for-bcos/
https://splash247.com/are-index-based-shipping-contracts-a-trap-for-bcos/Mercuria is lining up its next move in shipbuilding, with industry sources pointing to a potential order for very large crude carriers (VLCCs) in China. Market sources have the Swiss commodity trading group and shipowner wrapping talks with CSSC’s Dalian Shipbuilding Industry Corp (DSIC) for up to four 306,000 dwt tankers. The deal covers two …
https://splash247.com/vlcc-ordering-spree-pulls-mercuria-back-to-chinese-yards/
https://splash247.com/vlcc-ordering-spree-pulls-mercuria-back-to-chinese-yards/A 2010-built VLCC has been fixed out at a striking $147,135 per day. The scrubber-fitted Kalamos, built at Shanghai Waigaoqiao, has reportedly been taken on at the bumper rate while currently positioned off India’s west coast. The vessel is listed as operated by Embiricos, with IOC named as the charterer. The fixture comes amid continued …
https://splash247.com/embiricos-fixes-2010-built-vlcc-at-147135-a-day/
https://splash247.com/embiricos-fixes-2010-built-vlcc-at-147135-a-day/A London court has sentenced Russian captain Vladimir Motin to six years’ imprisonment after finding him guilty of manslaughter by gross negligence over the March 2025 collision between the containership Solong and the anchored tanker Stena Immaculate off the Yorkshire coast. The crash ripped a huge hole in the tanker, ignited a jet‑fuel inferno and …
The deepening dispute between Panama and China over two key ports at the Panama Canal was a constant source of headlines following a landmark Supreme Court ruling that invalidated CK Hutchison’s long-held concession contracts. A trade pact between the US and India that cuts American tariffs and ties New Delhi to a halt in Russian …
https://splash247.com/splash-wrap-ports-in-a-storm/
https://splash247.com/splash-wrap-ports-in-a-storm/Indonesia is revamping its state-owned shipbuilding sector, bringing it all under one roof, while tapping state-run lines to order domestically. PT PAL Indonesia, the nation’s top state-owned shipbuilder, will become a holding company for all government-owned shipyards under the plans unveiled yesterday. The policy aims to bolster domestic shipbuilding and boost efficiency by consolidating procurement, …
https://splash247.com/government-reshuffle-aims-to-turn-pt-pal-into-indonesias-shipbuilding-engine/
https://splash247.com/government-reshuffle-aims-to-turn-pt-pal-into-indonesias-shipbuilding-engine/The diplomatic spat between China and Panama is worsening over the Central American nation’s decision last week to strip Hong Kong’s CK Hutchison of its rights to operate two ports. Panama’s president, José Raúl Mulino, declared the government will never again award the Balboa and Cristobal port concessions to a single company after the Supreme …
https://splash247.com/panamas-port-purge-draws-chinas-ire/
https://splash247.com/panamas-port-purge-draws-chinas-ire/Rio Tinto and Glencore have called time on renewed merger talks, abandoning plans for a deal that would have reshaped the global mining sector. The companies confirmed on Thursday that discussions had ended without agreement, scrapping a proposed tie-up that could have created the world’s largest mining group, with a market value well north of …
https://splash247.com/rio-tinto-and-glencore-walk-away-from-revived-mega-merger-talks/
https://splash247.com/rio-tinto-and-glencore-walk-away-from-revived-mega-merger-talks/Progress on the BorWin6 Project continues with the successful completion of a fabrication yard milestone in Jebel Ali, United Arab Emirates. Mammoet has completed the transport, loadout and mooring of the 5,461-ton offshore jacket foundation…
https://www.marinelink.com/news/jacket-loadout-milestone-completed-borwin-535386
https://www.marinelink.com/news/jacket-loadout-milestone-completed-borwin-535386