Press Releases
The global shipping industry has been rocked by two deadly attacks this week in the Red Sea, with Yemen’s Houthi rebels launching their most violent maritime campaign since early 2024, killing at least three seafarers, […]
Danish offshore wind developer Ørsted has secured TWD 90bn ($3bn) in financing for the 632MW Greater Changhua 2 wind farm off Taiwan. The financing deal was arranged with 25 banks and five export credit agencies […]
The Kerala state government has filed an admiralty suit against Mediterranean Shipping Company (MSC), seeking $1.1bn in compensation for environmental and economic damages resulting from the sinking of the MSC Elsa-3 off the state’s coast […]
South Korea’s revitalised mid-sized shipbuilder, K Shipbuilding, has been officially put on the market, with owners targeting a sale price of up to KRW1trn ($730m). The sale marks a dramatic turnaround for the former STX […]
US president Donald Trump has signed an executive order to eliminate subsidies for green energy sources, more precisely wind and solar power, as he makes another step on his warpath against renewable energy. The order […]
United Arab Emirates-based jackup rig pure-play Shelf Drilling has won an extension for one of its rigs. Italian energy giant Eni awarded a one-year extension to the 1980-built Key Manhattan. Work under the extension will […]
Dutch solar innovator Wattlab and German inland shipping giant HGK Shipping have unveiled the world’s first inland vessel capable of using solar power for propulsion. The newly delivered Blue Marlin represents a major step forward […]
The global seaborne trade in copper concentrates is surging to new highs, with fresh data from Ursa Shipbrokers and AXSMarine showing record-breaking shipments in the first half of 2025. Loadings reached 18.5m tonnes during the […]
The security situation in the Red Sea has taken a sharp turn for the worse over the past 48 hours, with back-to-back attacks on merchant vessels and Israeli airstrikes targeting multiple Yemeni ports. Yesterday, the […]
French energy major EDF has announced that the commercial commissioning of the Calvados offshore wind farm has been pushed back to late 2027. This will see the project commissioned more than two years after its […]
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