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UK-based energy supermajor Shell has decided to bail on the MarramWind and CampionWind floating wind projects off the coast of Scotland. The decision follows a strategic review and is aligned with the company’s general direction of moving away from renewables and back to fossil fuels following the arrival of CEO Wael Sawan. Namely, Shell sold …
https://splash247.com/shells-strategic-pivot-sees-withdrawal-from-scottish-floating-wind-projects/
https://splash247.com/shells-strategic-pivot-sees-withdrawal-from-scottish-floating-wind-projects/Alex Routledge, CEO of Armada Technologies, writes for Splash today. Shipping stands at a complex moment in its decarbonisation journey. The IMO’s overall strategy for reaching net zero remains in place, even as the formal adoption of its Net Zero Framework has been delayed. In practice, this pause at the global level seems set to …
https://splash247.com/are-shipowners-asking-the-right-questions-of-clean-technology-companies/
https://splash247.com/are-shipowners-asking-the-right-questions-of-clean-technology-companies/Late Monday afternoon saw a collision between the Singapore-registered passenger ferry, Horizon 9 and the Norden-controlled product tanker, La Digue. The ferry was en route to Singapore’s HarbourFront Centre when the vessels collided off the Southern Islands. The ferry sustained some damage to its bow above the waterline but remained fully operational while en route …
https://splash247.com/ferry-collides-with-product-tanker-in-singapore/
https://splash247.com/ferry-collides-with-product-tanker-in-singapore/Cyprus-based shipowner and fund manager Pelagic Partners has completed the acquisition of three multipurpose vessels in its first deal under the company’s newly established MareVia Credit Fund. The three 2011-2012-built 17,500 dwt units — Condor Bilbao, Condor Magallanes, and Condor Valparaiso — are currently employed under a bareboat charter with a minimum term of five …
https://splash247.com/pelagic-partners-new-credit-fund-makes-debut-with-mpp-trio/
https://splash247.com/pelagic-partners-new-credit-fund-makes-debut-with-mpp-trio/Greek shipowner Harry Vafias is leading a fresh charge into the crude tanker sector with orders for up to six newbuildings at HD Hyundai, joining a growing list of compatriots expanding and renewing their tanker fleets. Shipbroking sources said the Vafias-backed Stealth Maritime has contracted two suezmaxes at HD Hyundai Heavy Industries at about $86m …
A new 37-page report published today by vetting specialist RightShip makes clear the growing frustration among owners who invest in safer, greener operations yet see little commercial recognition for it, with just 27% of charterers polled saying they offer better terms for higher-performing vessels. The study produced with maritime consultancy Thetius finds that while 73% …
The Houthis have officially announced that they have paused maritime attacks on Israel and lifted their so-called naval blockade on Israeli ports. This announcement appeared at the end of a letter (pictured below) sent to Hamas’s military wing, Kata’ib al-Qassam, by the newly appointed Houthi chief of staff, Yousef Hassan Al-Madani, who succeeded Mohammed Al-Ghamari …
https://splash247.com/houthis-signal-end-to-red-sea-attacks-as-shaky-ceasefire-holds/
https://splash247.com/houthis-signal-end-to-red-sea-attacks-as-shaky-ceasefire-holds/Dr Lynn Simpson returns to Splash today, discussing the ongoing livestock calamity taking place off Turkey. Today is day 54 of Spiridon II’s current voyage, something that Splash covered yesterday. Originating in Montevideo, Uruguay, destined for Türkiye and Ukraine. A voyage that should be over, the cattle should have been removed from the tightly packed, …
Descartes Systems Group has released its November Global Shipping Report highlighting that U.S. container imports were essentially flat in October as year-to-date volumes continue to decrease.The 2,306,687 TEU of imports was down a slight 0.1% from September and 7.5% lower than October 2024.
https://www.marinelink.com/news/october-us-container-imports-flatten-532239
https://www.marinelink.com/news/october-us-container-imports-flatten-532239Economic turmoil is causing inflation to keep rising at key ship recycling destinations, says cash buyer GMS. Global steel prices are collapsing, currencies are devaluing, and a disjointed ratio of trading units versus recycling volumes, are…
https://www.marinelink.com/news/steel-prices-down-ship-recycling-slows-532241
https://www.marinelink.com/news/steel-prices-down-ship-recycling-slows-532241