Sector
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Dry bulk pins hopes on China’s economy staging a comeback in H2
China released official Q2 GDP figures today showing how damaging ongoing lockdowns have been to shipping’s most important economy. Output…
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Seoul intervenes in ongoing strike at DSME
The South Korean government has tried to intervene in an ongoing, highly damaging strike which has seen subcontractors occupy the…
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Former Wärtsilä employees in Russia set up their own business
Former Russian employees of Finnish marine technology firm Wärtsilä have established a new company after the latter halted its operations…
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Europe and Japan team up to slash methanol production costs
A group of European and Japanese researchers have been working to develop processes to optimise CO2 hydrogenation in terms of…
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Greek ports privatisation moves ahead
Greece’s ongoing port privatisation plans have turned to Alexandroupolis in the far northeast of the country near Bulgaria and Turkey.…
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Capital Product Partners unveils Athens $100m bond sale plan
Capital Product Partners (CPLP) is looking to raise up to €100m ($100.3m) in Greece through unsecured bonds which will be…
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Ridgewood Infrastructure and Savage acquire Florida port operator
Transportation Infrastructure Partners, a joint venture between Ridgewood Infrastructure and Savage, have acquired Worldwide Terminals Fernandina, manager and operator of…
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Adani wins right to operate Israel’s largest port
India’s Adani Group along with local logistics group Gadot have sealed the winning $1.18bn bid to privatise the Israeli port…
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Borr Drilling agrees refinancing deal with most creditors
Norwegian jackup rig owner Borr Drilling has reached an agreement in principle with most secured creditors on the extension of…
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China hits 45% of global offshore wind capacity
China has reached 45% of global offshore wind capacity, with 102 farms involving around 5,000 turbines adding up to 24…
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CIP forms Japanese offshore wind JV
Danish fund manager Copenhagen Infrastructure Partners has joined forces with real estate investment firm Tokyu Land Corporation (TLC) to develop…
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Reach Subsea takes Volstad MPSV on long-term charter
Norwegian offshore services player Reach Subsea has struck a deal with compatriot owner Volstad Maritime to charter in the 2009-built…
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BOEM to review six wind lease areas offshore New York and New Jersey
The US Bureau of Ocean Energy Management (BOEM) will conduct a regional environmental review of six lease areas offshore New…
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Wärtsilä to cut up to 450 jobs in Italy
Finnish marine technology firm Wärtsilä said it will scale down its manufacturing in Trieste, Italy, in a move which is…
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Amsterdam port to host 500 MW green hydrogen plant
HyCC a joint venture of the European electrochemical company Nobian and Macquarie’s Green Investment Group (GIG), has unveiled plans to…
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Former Fearnleys and Avance Gas boss Sørensen to join BW LPG
Oslo-listed BW LPG has hired the former Fearnleys and Avance Gas chief executive, Kristian Sørensen. Sørensen will join the Singapore-based…
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Cash-rich HMM outlines $11.45bn expansion plan
South Korean flagship carrier HMM has laid out a massive spending plan through to 2026 that will see its box…
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6m teu of surplus containers now exist
The global pool of shipping containers increased by 13% to almost 50m teu in 2021, which was three times prior…
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Saverys clan continue to build Euronav stake
The takeover saga surrounding Europe’s largest tanker owner is not over yet. Since April John Fredriksen has been battling the…
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Families of Beirut port blast victims file $250m lawsuit in US
Accountability Now, a Swiss foundation that supports Lebanese civil society efforts to put an end to the impunity of the…
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