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Governments across the world should expedite the development and construction of offshore wind farms to help shield their economies from the impacts of future energy crises, according to a new report from the Global Wind Energy Council (GWEC). GWEC’s 2026 Global Offshore Wind Report set out an eight-point action plan for policymakers to ensure offshore …
https://splash247.com/global-offshore-wind-capacity-on-track-to-quadruple-by-2035/
https://splash247.com/global-offshore-wind-capacity-on-track-to-quadruple-by-2035/Niklas Weidmann, managing director of Tilla, writes for Splash today with handy, big picture advice on how to cut crew travel costs. A vessel schedule shifts. Singapore on the 18th is now Singapore on the 22nd. The crew operator in Hamburg opens their email. The flight is wrong. The port logistics are wrong. The manning …
https://splash247.com/your-crew-travel-budget-is-lying-to-you/
https://splash247.com/your-crew-travel-budget-is-lying-to-you/BIMCO is developing a standard contractual clause for tanker sale and purchase agreements in response to new European Union sanctions requirements targeting potential Russian involvement in tanker trades. The shipping association said it has launched work on a Russia Tanker Resale Restrictions Clause for memoranda of agreement (MoAs) following the EU’s 20th sanctions package, adopted …
https://splash247.com/bimco-drafts-standard-clause-for-russia-linked-tanker-sale-restrictions/
https://splash247.com/bimco-drafts-standard-clause-for-russia-linked-tanker-sale-restrictions/Maritime engineering and shipbuilding group Balaena has acquired APCL Group, bringing some of the UK’s best-known ship repair and shipbuilding facilities under its control as consolidation continues ahead of anticipated growth in British naval and commercial maritime investment. The deal adds A&P Tyne, Cammell Laird in Birkenhead, A&P Falmouth and Falmouth Docks and Engineering Company …
https://splash247.com/balaena-acquires-apcl-yards-in-uk-shipbuilding-expansion/
https://splash247.com/balaena-acquires-apcl-yards-in-uk-shipbuilding-expansion/China has begun construction of a massive new ship lock system at the Three Gorges Dam that will nearly double cargo capacity at the giant waterworks, easing growing congestion at one of the world’s busiest inland shipping corridors. The project, valued at CNY77.2bn ($11.4bn), will add a new five-stage lock system alongside the existing Three …
https://splash247.com/china-starts-work-on-11-4bn-three-gorges-expansion/
https://splash247.com/china-starts-work-on-11-4bn-three-gorges-expansion/Hong Kong is set to introduce fresh tax incentives for shipping-related businesses and commodity traders as it seeks to strengthen its position as a global maritime and commodities hub. A key feature of the new legislation is a half-rate profits tax concession for physical commodity trading. Eligible traders will pay profits tax at 8.25%, a …
https://splash247.com/hong-kong-unveils-new-tax-breaks-to-lure-commodity-traders-and-shipping-firms/
https://splash247.com/hong-kong-unveils-new-tax-breaks-to-lure-commodity-traders-and-shipping-firms/A fragile ceasefire in the Strait of Hormuz has completely broken down as fresh attacks between the US and Iran over the past 24 hours have coincided with tanker strikes off Oman that has left three seafarers missing. The product tanker Settebello suffered a fire onboard around 20 nautical miles off Sohar, Oman yesterday. Maritime …
https://splash247.com/hormuz-ceasefire-collapses/
https://splash247.com/hormuz-ceasefire-collapses/Oil prices climbed more than $2 a barrel Thursday as Iran declared the critical energy chokepoint, the Strait of Hormuz, closed after the U.S. launched additional strikes against Iran.Brent futures LCOc1 rose $2.30, or 2.47%, to $95.40 a barrel, while U.S.
https://www.marinelink.com/news/oil-rises-iran-announces-closure-strait-540178
https://www.marinelink.com/news/oil-rises-iran-announces-closure-strait-540178Taiwan's maritime sovereignty cannot be "violated" by Chinese efforts to create a false impression of jurisdiction, the island's coast guard said after China ended a patrol off its eastern shores.China, which claims democratically governed Taiwan as its own territory…
https://www.marinelink.com/news/taiwan-says-sovereignty-cannot-violated-540179
https://www.marinelink.com/news/taiwan-says-sovereignty-cannot-violated-540179German shipowner Hermann Lohmann Bereederung has sold its last two container vessels, the 1,368 teu ice-class sister ships Marina L and Theodor, to Dubai-based Lila Global, according to Alphaliner. The sale marks Lohmann’s complete exit from the container shipping sector, leaving the company with a fleet focused solely on multipurpose tonnage. Financial terms were not …