Crown Estate to invest $540m in UK’s offshore wind supply chain
The UK Crown Estate has revealed its proposal to invest up to £400m ($542.5m) of capital in the supply chain of the country’s offshore wind sector. The Crown Estate, a collection of marine and land assets and holdings that belong to the monarch, has stated in its new Powering Offshore Wind publication that it would […]
India plans 4GW offshore wind energy tenders
India has announced plans to launch an offshore wind energy tender totalling 4GW in Gujarat and Tamil Nadu. The country’s minister for New and Renewable Energy, Pralhad Joshi, said that wind will play “a critical role” in achieving India’s net-zero emissions target by 2070 and the goal of generating 50% of power capacity from non-fossil […]
EnerMech bags Gulf of Mexico decommissioning deal with ExxonMobil
US supermajor ExxonMobil has hired EnerMech for flowline decommissioning of the Hoover-Diana fields in the Gulf of Mexico. Under the contract, won following a competitive tender, EnerMech will decommission subsea flowlines, and the scope will include flushing, pigging, and filling the lines to remove hydrocarbons and prepare for safe decommissioning. The operation will require multiple […]
Beyond the buzzword: What ‘Visibility’ means to the industry in 2025 – Tive report
What if your next big disruption could be spotted — and prevented — days in advance..?? What if your carbon footprint report came from real-time data, not a spreadsheet audit weeks later..?? What if your supply chain partners actually shared actionable insights — instead of just tracking numbers on demand..?? These are not hypotheticals anymore […]
Diana ships out 15-year-old panamax
Greek bulker owner Diana Shipping has struck a deal to sell its 15-year-old panamax to an undisclosed buyer. The New York-listed company is offloading the 75,700 dwt Selina after more than nine years for $11.8m, before commissions. The Jiangnan Shanghai Changxing-built vessel, estimated at $12.35m by online pricing platform VesselsValue, was acquired by Diana for […]
Maersk adjusts IA11 Service
Maersk has revised its intra-Asia IA11 service by removing the port of Ningbo. The route now exclusively connects Shanghai and Ho Chi Minh City, operated by two vessels with a capacity of approximately 1,500 TEU each, according to DynaLiners. If you liked this post, please consider donating5€10€20€50€ The post Maersk adjusts IA11 Service appeared first […]
China expands tariff-free access to African Nations amid direct investments drop
China has announced the expansion of its zero-tariff policy to cover 53 African nations, a move expected to significantly shift global trade dynamics and maritime logistics. The new measure, unveiled during a high-level meeting in central China under the Forum on China-Africa Cooperation (FOCAC), extends preferential trade terms to include not only the continent’s least-developed […]
CMB.Tech to merge with Golden Ocean
CMB.Tech is set to merge with fellow listed company Golden Ocean, a major dry bulk owner. CMB.Tech will be the surviving entity in the merger and is expected to hold control over roughly two-thirds of the combined company. It owns owns four 6,000 TEU containerships and has one 1,400 TEU vessel on order. The newly […]
CMA CGM introduces new peak season surcharges on Transatlantic Routes
CMA CGM Group has announced new Peak Season Surcharges on shipments from North Europe to the United States. For cargo moving from North Europe, including Scandinavia, the Baltic, and the Spanish Atlantic coast (excluding Portugal), to the US West Coast, the surcharge is set at US$ 150 per 20-foot container and US$ 300 per 40- […]
Idle containership fleet sees slight decline
In the two weeks leading up to 2 June, the global idle containership fleet saw a net reduction in capacity, despite a rise in the number of laid-up vessels. Source: DynaLiners While three additional ships were added to the lay-up list, overall idle capacity fell by 15,300 TEU, bringing the total to 71 ships with […]