Energy News Beat Li Ka-shing’s CK Hutchison reached a blockbuster mega deal with BlackRock and Mediterranean Shipping Co (MSC) to sell 80% of its giant ports division for $22.8bn in a record-breaking ports transaction that covers 43 ports comprising 199 berths in 23 countries. The deal has been viewed very poorly in Beijing. CMB.TECH, the […]
Energy News Beat It seems like Maersk has gone from “All the Way to Zero” to “All the Way to Lowest Fuel Costs”. It’s zero slogan has been emblazoned on methanol dual-fuelled ships coming out of South Korea for the past couple of years, but the Danish carrier now looks to have bowed to economics, […]
Energy News Beat Maritime executives in Hong Kong are putting a brave face on the exodus of ships from its shipping register as shipowners take fright over the growing rift between China and the Donald Trump-led US. Another 12 ships left the Hong Kong flag last month, the register now down by more than 200 […]
Energy News Beat Windward Offshore Japanese conglomerate Marubeni has acquired a 25.1% stake in offshore wind service vessel provider Windward Offshore Windward Offshore, which has a fleet of four CSOVs under construction at VARD shipyards, entered a partnership with Marubeni several months after securing a senior loan facility of up to €182m ($196m). The company […]
Energy News Beat Vattenfall Swedish utility Vattenfall has made the final investment decision for the Nordlicht 1 and 2 offshore wind farms in Germany. The construction of the Nordlicht 1 and 2 wind farms is planned to begin in 2026, with Nordlicht 1 set to become Germany’s largest offshore wind project. The wind farms are […]
