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Germany added 1.1GW of offshore wind in the first half of 2026, but industry groups believe that the market still needs a hard reset if the next wave of projects is to reach final investment decision. Installed offshore capacity climbed to 10.8GW after 84 turbines with 1,077MW were connected to the grid between January and
Oslo-listed seismic specialist TGS has expanded its multi-client reprocessing work with two new projects aimed at improving subsurface imaging in frontier basins in Norway and Canada. The company also won a new contract in Ghana. In the Norwegian Sea, TGS has launched the Atlantic Margin South Reprocessing project over more than 23,000 sq km of
Fairfield Maritime Japan has secured a long-term charter from Finnish refiner Neste covering two ice-class MR product and chemical tankers scheduled for delivery in 2029. The agreement will allow Fairfield Maritime Japan to finance and manage construction of the two 50,000 dwt vessels at South Korea’s HD Hyundai. The ships are due to be handed
The business of shipmanagement is moving beyond technical operations and cost control as owners increasingly look to managers for protection against geopolitical, regulatory, cyber and workforce risks, according to Bjorn Hojgaard, chief executive of Anglo-Eastern Univan Group, the world’s largest shipmanager. Writing in the latest edition of Anglo-Eastern’s in-house magazine, AE Foresights, Hojgaard argued that
Frankfurt-based Seahawk Investments has published new research arguing that the sharp divergence between shipping and energy subsectors can be turned into a source of portfolio diversification through long-short equity investing. Seahawk, the investment management arm of maritime and aviation advisory group Transport Capital, said different freight markets rarely move in lockstep, creating opportunities to trade
Samsung Heavy Industries has signed a memorandum of understanding with US nuclear engineering specialist Sargent Lundy to accelerate development of a standardised floating small modular reactor platform. The agreement moves Samsung Heavy’s floating SMR programme beyond the conceptual design completed in 2025 and towards licensing, construction planning and commercial deployment. The partners will jointly
Oslo-listed Pelagic Credit has made its first move into chemical tankers, committing 24.7m to the pre-delivery financing of two newbuildings. The deal covers two 10,000 dwt vessels, with the funding to cover yard instalments through construction. The shipyard, owner and delivery dates have not been disclosed. Pelagic Credit expects the pre-delivery loan to generate around
Tankers carrying Saudi crude as well as a Chinese car carrier have turned back in the Red Sea over the past 24 hours after Yemen’s Houthis declared a naval blockade on Saudi Arabia, threatening the fallback export route the kingdom has relied on since the Strait of Hormuz became too dangerous to use. Asian refiners
The Joint Maritime Information Centre now counts 14 Iranian attacks on commercial ships since June 25, underlining the rapid deterioration in security following the collapse of the US-Iran memorandum of understanding. Arrow Shipbroking said tanker movements had fallen sharply over the past week. Outbound traffic through Hormuz averaged just four tankers a day, while inbound
COSCO Shipping Specialised Carriers has moved to grow its heavylift fleet with an investment of up to RMB2.624bn (387.8m) in eight multipurpose heavylift newbuildings at CSSC Chengxi Shipyard. The Shanghai-listed owner will place the order through wholly owned COSCO Shipping (Hong Kong) Investment and Development or affiliated companies. Deliveries are scheduled to run from April
