All Rates articles – Page 2
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NewsØrsted pulls plug on Ocean Wind projects but gives green light to Revolution Wind
Danish offshore wind energy developer Ørsted has completed a review of its US offshore portfolio. It will cease development of the Ocean Wind 1 and 2 projects, and it has taken final investment decision (FID) on the Revolution Wind project.
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CapPro newsØrsted pulls plug on Ocean Wind projects but gives green light to Revolution Wind
Danish offshore wind energy developer Ørsted has completed a review of its US offshore portfolio. It will cease development of the Ocean Wind 1 and 2 projects, and it has taken final investment decision (FID) on the Revolution Wind project.
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NewsDeclining throughput in leading Benelux ports
In the first nine months of 2023, both the port of Rotterdam and the port of Antwerp-Bruges recorded a drop of 9 percent in terms of throughput compared to the same period in 2022. Both gateways attribute the declining volumes to continued economic instability.
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CapPro newsGlobal energy transition ‘has not started’, says DNV
Over the last five years fossil fuels have met only half of the new demand for energy globally, despite a rapid buildout of renewable capacity, according to DNV’s Energy Transition Outlook.
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NewsMultipurpose market in a quandary
The multipurpose shipping market is finds itself in a quandary. Both shippers and carriers report upcoming demand, particularly in in the premium sector, with forward bookings placed. There is also growing impetus from the oil and gas sector. However, the actual present level of activity and availability of prompt cargo is weak.
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CapPro newsEast Coast offshore wind in flux as costs soar
With cost inflation a growing concern for offshore wind energy developers in the USA, three US states signed an MoU to try and bring development costs to heel.
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NewsShipNext lands Belgian grant to develop predictive analysis tool for shipping
Online cargo platform ShipNext has secured a EUR400,000 (USD422,530) grant from Flanders Innovation & Entrepreneurship (VLAIO) to strengthen the adoption of predictive analytics and AI in the supply chain.
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NewsAlternatives for project cargo moves in the Caspian States and Central Asia
The rugged terrain and infrastructure limitations of Central Asia present unique challenges for heavy and project cargo transportation – and the geopolitical tensions currently affecting the region are adding a further layer of complexity, writes Megan Ramsay.
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NewsInvestors skirt UK offshore wind auction
The UK government’s goal of reaching 50 GW of installed offshore wind energy capacity by 2030 were dealt a blow today. The latest auction of clean power contracts failed to secure any interest from offshore developers.
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NewsUS offshore wind energy sector facing headwinds
The US Department of Interior held its first-ever offshore wind energy auction for the Gulf of Mexico region earlier this week, with lacklustre results.
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NewsCadeler reports strong H1 results
Offshore installation contractor Cadeler saw revenue in the first six months of 2023 hit EUR68 million (USD73.5 million), an increase of 57 percent against the same period last year.
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CapPro newsUK wind energy pipeline under threat from rising costs and planning headaches
Westwood Global Energy Group’s current outlook for the UK’s 2030 installed base for the offshore wind sector stands at 48.4GW. This suggests that the UK will only fall slightly short of its ambitious 50GW 2030 target. However, a review of the pipeline leading up to 2030 reveals potential risks that could result in a shift in our outlook.
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NewsRobust performance for Wallenius Wilhelmsen
Wallenius Wilhelmsen reported robust performance figures in its second quarter 2023 results, yet the ro-ro shipping specialist noted that congestion at key ports remains a challenge.
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NewsStricken Argentina bargains on regaining control of trade terms
In early July, Argentina hosted the Mercosur summit where trade negotiations with the EU were central to the agenda. But, of course, the current turmoil facing the Argentine economy could not be overlooked.
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NewsWinds of change ripple across Brazil’s project logistics market
There is a clear consensus regarding Brazil’s project logistics potential on the global stage – but its political and economic uncertainties cannot be ignored. Nor can the changing dynamics among other large economies, writes Megan Ramsay.
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NewsMaersk upbeat despite drop in revenue
A.P. Moller – Maersk’s revenue stood at USD13 billion in the second quarter of this year, compared to USD21.7 billion in the same period in 2022.
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NewsMultipurpose Sentiment Index (MSI): tracking the mood of the MPV market
In recent editions of the One World Shipbrokers’ Multipurpose Sentiment Index (MSI), carriers reported ebbing confidence in the short-term markets backed by expectations of improvements later in the year. In the MSI’s 10th incarnation, this theme continues.
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NewsDrewry sees increase in multipurpose scrapping activity
Shipping industry analyst Drewry said that it has started to see an increase in multipurpose vessel demolition activity, although levels are still low in comparison to historical averages.