Highlights: As regards the recent political events in Russia and Ukraine, we shall comment later when matters are more clear. 1. On a Time Charter Equivalent (TCE) basis, fourth quarter 2021 was the best quarter of the last five quarters. We take comfort from an improving trend in both top- and bottom-line results. 2. The …
Watson Farley & Williams (“WFW”) has advised portfoliomanagement (“pm”), the winding-up agency of the Free and Hanseatic City of Hamburg and the Federal State of Schleswig-Holstein (the “Shareholders”), on the due diligence for the sale of a number of vessels that are part of its remaining shipping loan portfolio to a bidding consortium comprising the …
WFW advises portfoliomanagement on part sale of residual shipping loan portfolio Read More »
The ongoing hostilities in Ukraine will have a considerable impact on vessels calling ports in the Black Sea and the Sea of Azov. The situation remains fluid and is changing by the hour. Key updates on the situation in Ukraine • The Ukrainian President has imposed martial law nation-wide and closed the air space to …
Among numerous energy transition initiatives, the ones that stood out the most this week were enacted by governments which truly do have the power to bring about the long-overdue upgrade to our energy landscape. Premium content Checking for account. You need javascript to validate your login status. Premium Premium content Subscribe to continue Become a …
In focus: Energy system transformation gathers pace with government-backed innovations Read More »
The world is moving away from fossil fuels and so is the maritime industry. Ports — being an important maritime segment — are facing significant changes. For the German port sector, the transformation is seen as a mammoth task that lies ahead. Premium content Checking for account. You need javascript to validate your login status. …
Winds of change to sweep through German seaports Read More »
As the Netherlands paces towards fulfilling its ambition of becoming climate-neutral by 2050, its energy system is undergoing substantial change with an increasing share of renewable energy. Surplus electricity produced by offshore wind and other renewables can be used to meet the growing demand for green hydrogen, even in case of a low hydrogen import …
RVO drafts massive 2040 offshore wind-to-hydrogen scenario for the Netherlands Read More »
The UK’s competition regulator is looking into the proposed merger between two offshore drilling giants, Noble Corporation and Maersk Drilling. The Competition and Markets Authority (CMA) revealed on Thursday it was investigating the anticipated acquisition of Maersk Drilling by Noble Corporation. The CMA is considering whether it is or may be the case that this …
UK competition regulator investigating Noble-Maersk Drilling merger Read More »
U.S. LNG exporter Cheniere said it has appointed the new chief accounting officer. Courtesy of Cheniere On 22 February 2022, the board of directors of Cheniere Energy appointed David Slack as vice president and chief accounting officer. This is effective 28 February 2022. At the moment, he serves as vice president, corporate controller of the …
The U.S. Coast Guard has rescued nine oil workers trapped on a burning jack-up rig near Sabine Pass, Texas. Courtesy of U.S. Coast Guard District 8 On Thursday, 24 February 2022, a Coast Guard Air Station Houston MH-65 Dolphin aircrew conducted a search and rescue operation for crew members aboard a rig on fire in …
WATCH: Nine oil workers rescued from burning rig – gallery Read More »
Following a profit warning in late January 2022, the Italian offshore contractor, Saipem, has revealed details about its revised strategic plan for the period between 2022 and 2025, which includes cutting costs, increasing focus on offshore E&C and drilling, being more selective in projects, and repositioning on low-risk offshore wind business in the next two …
