Octopus Energy buys into UK offshore wind farm
UK-based Octopus Energy has made another investment in the offshore wind sector, this time via the acquisition of a 10% stake in the East Anglia One wind farm. The 714MW wind farm is located 43 km off the coast of Suffolk in the East of England and has been powering Britain with green energy since […]
Ningbo Ocean Shipping chairman resigns
Ningbo Ocean Shipping Co (NBOSCO) has announced that Zongquan Xu is stepping down as chairman and will no longer serve as a member of the company. The director and manager at Zhejiang Seaport Shipping is leaving the Shanghai-listed subsidiary of Ningbo-Zhoushan Port Group after four years at the helm. In addition, Xiaofeng Chen has applied […]
Atlantica PSV fixed to Shell
Oslo-based Atlantica Shipping has seen one of its platform supply vessels contracted long-term in UK waters. Shell is taking the 2003-built Skandi Caledonia on hire for at least one year, with further extension options attached to the contract. The PSV, acquired by Atlantica in 2023 from DOF, which continues to manage the vessel, is scheduled […]
FreightdayFact #14/2025 – Bulk & Break Bulk
Because every Friday deserves a #FreightFact.. This site’s motto has always been SEEK * LEARN * KNOW * GROW, wherein we learn from and empower each other about our industry. To enable this knowledge and understanding and to kick off the New Year 2025, I started sharing a “FreightdayFact” every Freightday, I mean Friday, on LinkedIn (so […]
Global shipping ‘stifled’ by Trump’s tariffs
Shipping stocks remain under severe pressure today as the world comes to terms with the immensity of Wednesday’s tariff announcements from US president Donald Trump. The average US tariff rate has now been set at just under 25%, levels not seen since the 1930s and the days of the Great Depression. The Trump tariffs resulted […]
Both sides file claims in North Sea collision case
Legal proceedings are set to unfold in the aftermath of last month’s North Sea collision between the containership Solong and the product tanker Stena Immaculate, with owners filing claims against each other. Court records indicate that Solong‘s owner, Ernst Russ from Germany, filed a legal claim at the Admiralty Court on Thursday against “the owners […]
French cooperative orders novel boxship in Turkey
Windcoop, a French cooperative, has placed a landmark order in Turkey for a sail-powered boxship. Tuzla-based RMK Marine, which is also building the wind-powered Neoliner Origin roro, will build the new-look container vessel. The 91.3 m long open hatch ship, costing EUR28.5m ($31.6m) has a capacity of 210 teu, plus 40 reefer plugs. It will […]
Mira Bulk changes hands
ResInvest Group and Myrtle Marine Corp have entered into a strategic joint venture, forming a 50/50 partnership to invest in Mira Bulk. Mira Bulk will focus on marketing Myrtle Marine’s vessels and servicing the freight needs of EP Resources. “With a strong presence in both geared and gearless markets, Mira Bulk will operate across the […]
ENEOS comes onboard Maersk-backed green methanol project
Green methanol provider C2X has secured $100m in further investment from A.P. Møller Holding, A.P. Møller – Mærsk and Japanese energy company ENEOS. The proceeds from the investment will primarily be used to fund the final development phase of the Beaver Lake Renewable Energy (BLRE) project which C2X is developing together with SunGas Renewables in Alexandria […]
Thinking fast and slow: why high-quality data demands the right foundations
The trend towards high-frequency sensor data is increasing, but investment decisions require a truly rigorous approach, writes Christian Rae Holm, the CEO of Coach Solutions. Data continues to represent value in the pursuit of vessel energy efficiency, and as the value of actionable information increases, the focus is increasingly on using high-frequency sensors to drive […]