Europe
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Octopus Energy to invest $20bn in offshore wind by 2030
Britain’s Octopus Energy is to invest $20bn through its generation unit in offshore wind by 2030. The investment will go…
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Jacktel taps Maritime Asset Partners for $80m loan
Norway’s Jacktel has secured an $80m loan from a subsidiary of London-based ship finance boutique Maritime Asset Partners. The offshore…
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OceanPact takes over DDW Offshore’s AHTS pair
Brazilian offshore vessel owner and services provider OceanPact Serviços Marítimos has taken over a pair of anchor handling tug supply…
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TT Club brings in former APM Terminals boss Morten Engelstoft as new chairman
Former chief executive of Maersk’s APM Terminals Morten Engelstoft has been elected as the new chairman of insurer TT Club…
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Urgent talks underway to find a Black Sea shipping solution as Ukrainian ports suffer bombardment
President Volodymyr Zelenskiy has held urgent discussions with his Turkish counterpart as well as the head of NATO over the…
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Prices for older VLCCs falling fast
For older VLCCs, prices are falling fast. The latest rusty tanker deal filling up broking reports is a sale by…
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Maersk Line ordered to pay $700,000 to sacked whistleblower
Maersk’s American unit has been ordered to pay over $700,000 to a former employee who was fired after complaining about…
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Ørsted sells remaining stake in London Array offshore wind farm
Offshore wind farm developer Ørsted has divested its remaining 25% minority interest in the London Array offshore wind farm in…
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BASF building 500 MW wind farm to power chemicals plant in China
German chemicals firm BASF and China’s Mingyang Group have agreed to jointly build and operate an offshore wind farm in…
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NKT lines up Scottish cabling work
Danish offshore cabling specialist NKT has been confirmed as the preferred bidder by Scottish SSEN Transmission for the supply of…
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Black Sea shipping crisis escalates
Black Sea shipping has descended into dangerous chaos not experienced since the early months of the war in Ukraine. In…
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Russian owner SASCO lands on US sanctions list over Ukraine war
In what has turned out to be a roller-coaster week following Moscow’s decision to pull out of the Black Sea…
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Time to look beyond the numbers when it comes to sanctions
Dominic McKnight Hardy, managing director of MIS Marine, on the new age of environmental regulation and sanction complexity. Today, the…
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Turkey’s Yasa in for MR quartet at Yangzijiang
Turkey’s Yasa is back to ordering tankers with slots secured at a private shipyard in China. The Istanbul-based owner is…
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Top Ships wins $72m charter extension for tanker duo
Nasdaq-listed Greek eco tanker owner Top Ships has agreed to extend charter agreements for the Eco West Coast and Eco…
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Putin’s War: Maritime lawyer launches song to raise funds for Ukraine
A well-known maritime lawyer is using music to raise funds and awareness for Ukraine by releasing a song and video…
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Cyan Renewables enters European offshore wind market with SOV buy
Offshore wind service company Cyan Renewables has acquired a 100% interest in service operations vessel (SOV) Groenewind from Belgium’s DEME…
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Industry calls for new policies to help vital offshore wind projects
Following the news that Swedish utility Vattenfall would be ditching its Norfolk Boreas offshore wind project in the UK North…
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PGS secures new $75m financing deal
Norwegian seismic vessel player PGS has secured more breathing room with a new $75m loan to partly refinance its existing…
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Atlas Maritime switches to suezmax newbuilds
Greece’s Atlas Maritime has put its recent strong tanker earnings to good use, having invested in up to four suezmax…
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