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Europe sees five-fold boost to Offshore Wind under pledge

Jessica Shankleman (Bloomberg) — The governments of Germany, Denmark and Belgium backed a pledge to install 60 gigawatts of new offshore wind power next decade, more than fivefold existing capacity. Energy ministers from the three countries...

07/06/2017 Read

Cooperation needed for lcean shipping in Baltic Sea region

In order to make the Baltic Sea Region a global frontrunner in terms of clean and safe shipping, there is a need to focus on cross-sectorial cooperation, education and training as well as enforcement of regulations. Representatives from the E...

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Rig market not yet out of the woods, MSI says

Offshore drilling rig sector, hurt by low oil prices and overcapacity, is not set for a quick recovery, at least not in the next two years. This is according to Maritime Strategies International (MSI), a research and consultancy firm, which sees a...

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Saudi Arabia and UAE suspend trade with Qatar

On Monday, maritime authorities in Saudi Arabia, the UAE, Yemen, Egypt and Bahrain indefinitely suspended all shipping to and from Qatar. The Bahraini and Saudi governments went further and banned Qatari vessels from transiting through their territor...

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Stena scraps Samsung rig order

UK offshore driller Stena Drilling has cancelled a drilling rig order it had with South Korea’s Samsung Heavy Industries. The company’s affiliate Stena Atlantic Ltd has notified the Korean shipbuilder, Samsung Heavy Industries Co...

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