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Italian cabling giant Prysmian has been awarded a framework agreement with the Greek electricity grid operator IPTO valued at around €910m ($1.03bn), to develop electrical interconnections for the Dodecanese and North Aegean islands in Greece. The project will support energy infrastructure in Greece and benefit the islands and the national economy by improving the reliability …
https://splash247.com/prysmian-bags-1bn-contract-for-greek-power-links/
https://splash247.com/prysmian-bags-1bn-contract-for-greek-power-links/Turkey has moved a step closer to launching its first large-scale offshore wind programme, publishing draft rules for a 1GW auction that will grant investors a 49-year right to develop and operate a project in one of four candidate sea areas. The so-called YEKA OWPP‑2026 draft specification, now out for public consultation, sets a price …
https://splash247.com/turkey-unveils-draft-rules-for-first-1gw-offshore-wind-auction/
https://splash247.com/turkey-unveils-draft-rules-for-first-1gw-offshore-wind-auction/A proposal to recognise carbon mineralisation as a form of permanent carbon storage for shipping has received in-principle support at the International Maritime Organization (IMO), potentially opening a new pathway for onboard carbon capture and storage (OCCS) systems. The proposal, led by Shanghai Qiyao Technology Group and submitted during the IMO’s Marine Environment Protection Committee …
https://splash247.com/imo-backs-mineralisation-pathway-for-onboard-carbon-capture/
https://splash247.com/imo-backs-mineralisation-pathway-for-onboard-carbon-capture/Singapore-based Asiatic Lloyd has returned to the larger product tanker segment with a deal for three LR2 newbuildings at HD Hyundai’s Philippines yard. Shipbuilding sources have linked the Bunnemann family-controlled owner to three 115,000 dwt tankers priced at about $73m each. The vessels are expected to deliver in 2028 and 2029. No official announcement has …
https://splash247.com/asiatic-lloyd-signs-up-for-three-lr2-tankers/
https://splash247.com/asiatic-lloyd-signs-up-for-three-lr2-tankers/Turkish owner Yasa Holding is being linked to its first VLCC newbuilding order as contracting in the supertanker segment continues to gather pace. No official confirmation has been issued by the owner or the yard, but newbuilding sources suggest the Sabanci family-controlled group has agreed to build four 319,000 dwt units at Jiangsu New Hantong …
https://splash247.com/yasa-tipped-for-debut-vlcc-order/
https://splash247.com/yasa-tipped-for-debut-vlcc-order/A new dry bulk shipping venture has been launched in Dubai by two well-known industry figures. Mayborne Bulk has been founded by Jesper Lollesgaard and Parikshit Sial. The company will operate an asset-light business model focused on chartering-in vessels and building a commercially controlled fleet over time, with a particular emphasis on the handy, supramax …
https://splash247.com/new-dry-bulk-outfit-emerges-in-dubai/
https://splash247.com/new-dry-bulk-outfit-emerges-in-dubai/As environmental ambitions are quietly being pushed aside by geopolitics, energy security concerns and economic realities, shipping risks making a costly mistake if it allows the social pillar of ESG to fade into the background, argues Mark O’Neil. It is a sad truism that geopolitical tensions, the Iran conflict, energy security anxieties and sluggish national …
https://splash247.com/its-time-to-put-the-s-back-into-esg/
https://splash247.com/its-time-to-put-the-s-back-into-esg/The global containership orderbook is closing in on the 13m teu mark, with carriers increasingly turning their attention away from megaships and towards smaller and medium-sized tonnage, according to new data from Alphaliner. The consultancy reports that the cellular containership orderbook now stands at 12.98m teu across 1,592 vessels, equivalent to 38.3% of the existing …
https://splash247.com/container-shipping-is-thinking-small-again/
https://splash247.com/container-shipping-is-thinking-small-again/Abu Dhabi-listed AD Ports Group has increased its holding in Dubai-based Global Feeder Shipping to 81% after acquiring an additional 30% stake for AED1.1bn ($300m). The deal sees AD Ports exercise a call option agreed as part of its earlier investment in GFS, one of the largest container feeder operators in the world. The transaction …
https://splash247.com/ad-ports-tightens-grip-on-global-feeder-shipping/
https://splash247.com/ad-ports-tightens-grip-on-global-feeder-shipping/Vessel transits through the Strait of Hormuz are picking up as international efforts intensify to move stranded ships out of the Gulf in a controlled manner. Allied Shipbroking said the waterway has “begun to breathe again, but only just” following the memorandum of understanding signed between the US and Iran, with completed transits rising to …
https://splash247.com/imo-and-oman-orchestrate-phased-reopening-of-hormuz/
https://splash247.com/imo-and-oman-orchestrate-phased-reopening-of-hormuz/