The Dutch government will start identifying further offshore wind areas in 2023, following the recently announced targets of 50 GW by 2040 and 70 GW by 2050. Currently, the government is working on an outlook for offshore wind, which adds more forward-looking plans to the roadmap and accounts for larger wind areas, offshore hydrogen production, …
Today, the German Federal Government and energy company Uniper have concluded a framework agreement to concretize the measures to stabilise Uniper agreed between the Federal Government, Uniper, and Fortum on 21 September 2022. Under the agreement, German’s Federal Ministry of Finance will be responsible for Uniper shareholding in the future. The framework agreement also defines …
German Federal Government concludes Uniper agreement Read More »
Maritime and commercial law firm, Tatham & Co., today announced its expansion into the Greek market with the addition of a senior Athens-based lawyer to its growing team. Ioanna Vitta brings with her over 30 years of experience, specialising in dry shipping. A qualified Greek and English lawyer, Ioanna is also a well regarded and …
Asso.subsea has signed a contract with the balance of plant contractor Van Oord to provide boulder clearance and pre-trenching services along the inter-array cable routes of the Sofia offshore wind farm in the UK. The Sofia offshore wind farm is located on Dogger Bank in the central North Sea, approximately 195 kilometres off the UK’s …
Illustration/Image by DSME South Korea’s defense and energy conglomerate Hanwha Group has signed a $1.5 billion deal for the acquisition of a controlling stake in compatriot shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME). The troubled shipbuilder has been controlled by the state-run Korea Development Bank (KDB) for over 20 years, with several attempts made over that …
UK energy market regulator Ofgem has withdrawn the cap and floor regime awarded in principle for a 1.4 GW interconnector due to the project having encountered “significant delays”. Premium content Checking for account. You need javascript to validate your login status. Premium Premium content Subscribe to continue Become a PREMIUM Subscriber Do not want to miss …
Ofgem withdraws cap and floor regime for 1.4 GW interconnector Read More »
Norway’s Hoegh LNG is in talks to supply more of its floating storage and regasification units (FSRUs) to several European countries seeking alternatives to Russian gas, its CEO said. The sharp drop in piped Russian gas exports to Europe in the wake of the Ukraine war has resulted in a dash for FSRUs to allow …
Norway’s Hoegh LNG in talks to supply more regasification vessels to Europe Read More »
The EU will include methane in its Emissions Trading System for maritime transportation later this decade, but industry participants expect the regulatory change to have limited impact on LNG bunkering’s prospects with shipowners moving towards modern tonnage. Based on preliminary legislation agreed by EU institutions, companies operating ships of 5,000 gross tons or larger in …
EU’s methane inclusion in ETS likely to not dampen LNG bunker demand Read More »
Key Notes on North American Supply Chains o P. Møller – Mærsk A/S Board of Directors Names Vincent Clerc CEO effective Jan 1: On December 12th the Board announced the planned transition of Vincent Clerc becoming Maersk’s new CEO. Since 2019, Clerc has been the CEO of Maersk Ocean & Logistics, which contributes a significant …
Maersk North America Market Update (December 2022) Read More »
Moscow has offered to help India to get hold of large oil tankers to get around the G7-backed price cap on Russian crude, as it hunts for buyers to replace its European market. Under the price-cap rules, the G7 and its allies won’t allow vessels carrying Russian barrels access to their insurance and shipping services …
