France greenlights 8.75 GW offshore wind target
Posted On: 23-04-2020
France will put up to 8.75 GW of offshore wind capacity out to tender from 2020 to 2028,the Multiannual Energy Programme (Programmation pluriannuelle de l’énergie (PPE)) shows. The new PPE has entered into force on Thursday, 23 April. As proposed earlier, the PPE also increases the intended operating offshore wind capacity from between 4.7GW and 5.2GW by ..readmore
Tankers, gas carriers boost Milaha’s bottom line
Posted On: 23-04-2020
Qatari maritime group Qatar Navigation (Milaha) Q.P.S.C. closed the first quarter of this year with a slight increase in its net income, driven by higher earnings of the company’s tanker and gas carrier business. Milaha’s net profit rose by 1.8 per cent to QAR 283 million (around USD 78 million) in the first three months..readmore
Webinar on ocean energy progress in Europe
Posted On: 20-04-2020
ETIP Ocean and OceanSET are hosting a webinar on 7 May 2020 to provide an update on the ocean energy sector. The OceanSET project provides support to ocean energy implementation in order to achieve the SET Plan targets. It also helps to paint a clear picture of the ocean energy sector’s development across Europe. As a result, this webinar will deliver an update, based on rece..readmore
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Wärtsilä’s scrubber order intake takes a hit as fuel price spread narrows
Posted On: 20-04-2020
The Finnish technology group Wärtsilä has reported a 12 percent order intake fall during the first quarter of 2020 as a result of the measures aimed at curbing the spread of the COVID-19 pandemic. The order intake was worth EUR 1.2 billion when compared to EUR 1.4 billionin the same period last year, while the order book at the end of the quarter stood at ..readmore
Windpark Fryslân transformer station starts taking shape
Posted On: 14-04-2020
The transformer station of the Windpark Fryslân nearshore wind project has started taking shape at Breezanddijk in the Netherlands. According to the project developer, work is being done on the 382.7 MW wind farm despite the coronavirus situation. Located south of the Afsluitdijk and some six kilometers off the..readmore
Gasum, Deltamarin, Wärtsilä partner up on cleaner shipping
Posted On: 14-04-2020
The Nordic energy company Gasum has joined forces with ship design company Deltamarin and the Finnish technology group Wärtsilä to cut emissions in the maritime transport. These emissions are caused by ship fuels, but also to some extent by the type and design of the engine. SOx and PM emissions are also influenced also by the relat..readmore
US sets up $38M funding for hydrokinetic turbine buildout
Posted On: 15-04-2020
The US Department of Energy has dedicated up to $38 million in funding for a new Advanced Research Projects Agency-Energy (ARPA-E) program, submarine hydrokinetic and riverine kilo-megawatt systems (SHARKS). The program seeks to design economically attractive hydrokinetic turbines (HKT) for tidal and ri..readmore
Posted On: 12-04-2020
Dutch cable manufacturer Twentsche Kabel Fabriek (TKF) has revealed further details about the company’s scope of work on the 342 MW Kaskasi offshore wind project. As reported earlier, Seaway 7 awarded TKF with a contract to deliver 33 kV inter-array cables for the wind farm. Under the contract, TKF will manufacture and deliver 52 kilome..readmore
Posted On: 12-04-2020
US Offshore Wind 2020 (USOW20) is an event for companies that are exploring to invest,want to discover new partners or try to acquire contracts in expected US offshore wind projects. This is the fifth year USOW20 will be organized. New Energy Update and Reuters Events are organising US Offshore Wind. At this event the visitors have the opportunities to contact ..readmore
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Drewry: Low-Sulphur Fuel to Cost 30% More Than the Current Fuel
Posted On: 05-04-2020
Early indications of prices for low-sulphur fuel oil 0.5% compliant with the IMO 2020 rule showed that the new fuel costs about 30% more than the current, high-sulphur IFO380 fuel at Asian ports which have started selling it. According to shipping consultancy Drewry, the price is based on actual bunkering transactions for shi..readmore
IMO 2020: Hapag-Lloyd Implements New Charge to Cope with Additional Costs
Posted On: 06-04-2020
German shipping major Hapag-Lloyd has revealed plans to introduce an IMO 2020 Transition Charge (ITC) for short-term contracts as of December 1, 2019. As explained, the move comes in an effort for the company to mitigate fuel price volatility and transitional operational expenses. The introduction of the International Maritime Orga..readmore
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DHT Holdings Inks Charters for 6 VLCCs
Posted On: 01-04-2020
Crude oil tanker company DHT Holdings has secured time charters for six of its very large crude carriers (VLCCs). All six ships have contracts with firm periods of 12 months at an average fixed daily hire of USD 67,300 per day with prompt delivery. The VLCCs in question include DHT Lake, DHT Raven, DHT Scandinavia, D..readmore
IRClass: 1st Ship Classed under Lebanese Flag
Posted On: 01-04-2020
Ship classification society Indian Register of Shipping (IRClass) has classed its first vessel under the Lebanese flag. Named Jouri, the ship was converted from a vehicle carrier to a livestock carrier under the survey of IRClass which included structural modification, plan approval and reapproval of stability conditions. Jouri..readmore
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Emergency USD 1.23 Mln Fund to Support Seafarers Impacted by Covid-19
Posted On: 30-03-2020
A UK-based charity the ITF Seafarers’ Trust (ITFST) is launching a USD 1.23 million (GBP 1 million) emergency fund to address the impact of the global pandemic on seafarers and their families. Seafarers are being retained on vessels after sign-off, left ashore in foreign countries unable to return to their families, and dep..readmore
Crew Members of Maersk Boxship Test Positive for Covid-19
Posted On: 30-03-2020
Five crew members of a Maersk owned and operated containership docked in Ningbo, China, have tested positive for coronavirus. Maersk spokesperson told our publication that the tests from a total of seven seafarers evacuated from the ship last week came in yesterday, March 30. To remind, the seafarers on board the Danish-flagged containership ..readmore
Meyer Werft: Impact of Coronavirus on New Cruise Ship Orders to Be Immense
Posted On: 31-03-2020
Apart from the ongoing health crisis caused by COVID-19, the cruise industry is currently also faced with an economic crisis. The entire industry and especially the cruise shipbuilding is now in a completely different situation than just a few weeks ago. Meyer Werft, one of the largest shipbuilders in the world which is based in Papenburg, Germany, is also feeling significant effects readmore
Maersk Gjertrud Seafarers Suspected of Having Coronavirus
Posted On: 26-03-2020
A number of seafarers on board the containership Gjertrud Maersk, owned by the world’s largest shipping company Maersk, have been evacuated from the ship and taken to a hospital for treatment after experiencing symptoms linked to Covid-19. The seafarers started showing symptoms on March 23 and were immediately isolated on t..readmore
Unifeeder Takes Majority Stake in The Feedertech Group
Posted On: 25-03-2020
Short-sea operator Unifeeder has acquired a 77% stake in The Feedertech Group,a Singapore-based feeder and shortsea operator the company announced. As informed,the remaining 23% shareholding in the group will be retained by the group’s Chairman, Ali Maghami. Established in 2003, the group operates two companies; ..readmore
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DFDS Adds Another Firm to Its Logistics Portfolio
Posted On: 25-03-2020
In an effort to further expand its European logistics network, Danish ferry and logistics company DFDS has acquired 100% of the share capital of the Finnish logistics company Freeco Logistics. The transaction was closed on December 19, 2019, and Freeco Logistics will be consolidated in the DFDS Group. “Freeco Logistics is a fast-growing Finnish provider of transport services that..readmore
In Depth: Oslo Set to Become Zero-Emission Port
Posted On: 17-03-2020
Being one of the leading maritime centers in the world, Norwegian Port of Oslo is looking to expand further, meeting at the same time its ambitious targets for reducing greenhouse gas (GHG) emissions. Clear targets are set for 2030, with an 85 percent reduction in current GHG emissions, and after that efforts will continue so that Oslo can become a zero-emission port in th..readmore
