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KESTO, a joint venture between Denmark’s ESVAGT and South Korea’s KMC Line, has secured its first contracts to provide offshore service logistics for Vestas at the Shinan-Ui offshore wind farm in South Korea.From 2028 and for a minimum period of 10 years…
https://www.marinelink.com/news/esvagtkmc-jv-nets-longterm-vessel-deal-535247
https://www.marinelink.com/news/esvagtkmc-jv-nets-longterm-vessel-deal-535247The Bureau of Ocean Energy Management, today announced another major step toward expanding offshore energy development pursuant to the One Big Beautiful Bill Act. BOEM released the Final Notice of Sale for Lease Sale Big Beautiful Gulf 2 (BBG2)…
https://www.marinelink.com/news/boem-advances-second-obbba-offshore-lease-535260
https://www.marinelink.com/news/boem-advances-second-obbba-offshore-lease-535260Today, Wednesday, February 04 2026, the Baltic Dry Index decreased by 73 points, reaching 1955 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry ...
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-1955-down-73-points/
https://www.hellenicshippingnews.com/baltic-dry-index-falls-to-1955-down-73-points/Amazon and RWE have signed a power purchase agreement (PPA) for 110MW from the German company’s Nordseecluster B offshore wind farm. The PPA builds on the strategic framework agreement signed between the two companies in June 2025, under which RWE supports Amazon’s carbon-free energy goals while Amazon Web Services provides cloud services, AI, and data …
https://splash247.com/amazon-locks-in-110mw-from-rwes-german-offshore-wind-project/
https://splash247.com/amazon-locks-in-110mw-from-rwes-german-offshore-wind-project/TenneT Holding has reached an agreement with Kreditanstalt für Wiederaufbau (KfW), acting on behalf of the German government, to sell a 25.1% stake in TenneT Germany for approximately €3.3bn ($3.9bn). This investment strengthens TenneT Germany’s financial position as the owner of strategic infrastructure in Germany. This transaction follows up on the previously announced €9.5bn equity …
https://splash247.com/germany-acquires-stake-in-tennet-for-3-9bn/
https://splash247.com/germany-acquires-stake-in-tennet-for-3-9bn/Peter Hult, CEO of maritime medical services specialist VIKAND, sees 2026 dawning with unprecedented recognition of crew healthcare as a strategic imperative, not just a compliance checkbox. “One of the most significant changes in recent years has been the growing acceptance of healthcare as a critical component of life at sea,” Hult says. “Conversations that …
https://splash247.com/vikand-healthcare-as-a-critical-component-of-life-at-sea/
https://splash247.com/vikand-healthcare-as-a-critical-component-of-life-at-sea/Japan’s largest power utility Jera has signed a landmark 27-year LNG supply deal with QatarEnergy, marking the renewal of a trading relationship that had steadily waned in recent years. Under the agreement, Jera will purchase around 3m tons of LNG per year, QatarEnergy announced at a signing ceremony in Doha on Tuesday. The deal revives …
https://splash247.com/japans-largest-power-utility-signs-27-year-lng-supply-deal-with-qatarenergy/
https://splash247.com/japans-largest-power-utility-signs-27-year-lng-supply-deal-with-qatarenergy/The once red-hot car carrier newbuilding spree is showing clear signs of cooling, with overcapacity concerns now looming large across the pure car and truck carrier (PCTC) market, according to AXSRoRo’s latest monthly newsletter. Following four years of record ordering, contracting activity in 2025 slumped to the lowest level in years, even as deliveries hit …
https://splash247.com/car-carrier-ordering-boom-ends-as-overcapacity-fears-grow/
https://splash247.com/car-carrier-ordering-boom-ends-as-overcapacity-fears-grow/India’s long-awaited national container shipping line is taking shape following the signing of a memorandum of understanding to establish Bharat Container Shipping Line (BCSL) – a state-backed venture aimed at building an integrated, self-reliant container ecosystem and strengthening India’s maritime trade presence. The MoU, signed in New Delhi on Tuesday, brings together six major stakeholders: …
https://splash247.com/indias-state-backed-containerline-takes-shape/
https://splash247.com/indias-state-backed-containerline-takes-shape/Hong Kong’s CK Hutchison has launched arbitration proceedings against the republic of Panama, escalating a deepening dispute over two key ports at the Panama Canal following a landmark Supreme Court ruling last week that invalidated its long-held concession contracts. The conglomerate disclosed early Wednesday that its Panamanian subsidiary initiated arbitration under the International Chamber of …
https://splash247.com/ck-hutchison-launches-arbitration-after-panama-court-voids-port-concessions/
https://splash247.com/ck-hutchison-launches-arbitration-after-panama-court-voids-port-concessions/