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A US federal judge has ruled that the final halted offshore wind project could resume work. This is the fifth such court win against Donald Trump’s crusade against offshore wind. Ørsted’s project off New York’s Long Island, Sunrise Wind, was allowed to resume work halted by the federal government. This meant that union workers on all …
https://splash247.com/final-offshore-wind-project-freed-as-courts-rebuff-trumps-stop-orders/
https://splash247.com/final-offshore-wind-project-freed-as-courts-rebuff-trumps-stop-orders/A jury at the Old Bailey in the UK found Russian captain Vladimir Motin guilty of manslaughter by gross negligence after his containership, Solong, ploughed into the anchored US‑flag tanker Stena Immaculate off the Humber last March, triggering a deadly jet‑fuel inferno that killed tanker crewman Mark Angelo Pernia. The Stena Immaculate was laden with …
https://splash247.com/guilty-verdict-in-high-profile-north-sea-crash-case/
https://splash247.com/guilty-verdict-in-high-profile-north-sea-crash-case/Costamare Bulkers, the New York-listed outfit operating out of Monaco, is picking up the pace on its fire sale as the owner looks to cash in ahead of Chinese New Year. For the second consecutive week, the Gregory Zikos-led group is reported to be flooding the secondhand market with ships. The latest vessel noted on …
https://splash247.com/costamare-bulkers-finds-buyer-for-its-oldest-ship/
https://splash247.com/costamare-bulkers-finds-buyer-for-its-oldest-ship/Tor Olav Trøim-backed VLCC owner Bruton is in talks with China’s New Times Shipyard over options for up to two more vessels, as it continues to bulk up its newbuilding pipeline. The Oslo-listed company said it is discussing the potential additional options, which, if agreed, would lift Bruton’s VLCC newbuilding programme to a total of …
https://splash247.com/bruton-weighs-further-vlcc-options/
https://splash247.com/bruton-weighs-further-vlcc-options/Greece’s Atlas Maritime has jumped straight back into the suezmax market, ordering new tonnage at South Korea’s DH Shipbuilding after locking in gains from tanker resales. Market sources say the Leon Patitsas-led owner has booked two firm suezmax newbuildings at the yard, with options attached for a further two vessels. Pricing is understood to be …
https://splash247.com/atlas-maritime-reloads-suezmax-orderbook/
https://splash247.com/atlas-maritime-reloads-suezmax-orderbook/German asset manager MPC Capital has teamed up with Norwegian investor Morten Astrup’s Storm Capital Management to launch a new shipping investment platform, kicking off with a $35m first close. The platform, dubbed MPC Storm Maritime Opportunities (MSO), has secured backing from a small group of seasoned maritime investors and is targeting more than $70m …
https://splash247.com/mpc-capital-and-morten-astrup-roll-out-new-shipping-investment-platform/
https://splash247.com/mpc-capital-and-morten-astrup-roll-out-new-shipping-investment-platform/A trade pact between the US and India that cuts American tariffs and ties New Delhi to a halt in Russian oil purchases has sent immediate tremors through tanker markets, with charterers and owners scrambling to rework routes, stems and bunker plans even as the deal’s legal mechanics remain vague. The headline pledge – India …
https://splash247.com/us-india-trade-deal-sparks-tanker-reroute/
https://splash247.com/us-india-trade-deal-sparks-tanker-reroute/Liner shipping’s descent into loss has been predicted repeatedly throughout the notoriously hard-to-predict 2020s. Now, however, the doomsayers are speaking in a louder voice. Asian consultancy Linerlytica, for instance, has warned in its latest weekly report that container shipping’s cash windfall is about to dry up as the sector’s super-cycle comes to an end. Japanese …
https://splash247.com/carriers-face-structural-reset-as-container-supercycle-ends/
https://splash247.com/carriers-face-structural-reset-as-container-supercycle-ends/Venezuelan oil exports rose to some 800,000 barrels per day (bpd) in January, from 498,000 bpd in December, after the U.S. capture of Nicolas Maduro and the ending of an oil blockade which has let traders carry most exports, shipping data showed.Washington…
https://www.marinelink.com/news/venezuelan-oil-exports-increase-bpd-535166
https://www.marinelink.com/news/venezuelan-oil-exports-increase-bpd-535166Growing electricity demand from AI and data centres, together with rising fuel use in Asia and European gas needs could turn an expected global liquefied natural gas supply glut into a shortage by 2030, Qatar Energy CEO Saad al-Kaabi said on…
https://www.marinelink.com/news/electricity-needs-ai-data-centers-may-535167
https://www.marinelink.com/news/electricity-needs-ai-data-centers-may-535167