Late 2023 brought a sense of realism to what had been the highly optimistic US offshore wind sector which had hoped to bring 30 gW of power, almost all in Atlantic waters, online by 2030 (30 by 30).
DNV Maritime CEO Knut Ørbeck-Nilssen did not mince his words as he set the scene at the opening of the DNV Maritime Energy Summit on 8 February.
Maersk has started the process of demerging its towage and marine services business Svitzer.
There is a risk of congestion post Chinese New Year as crises in the Red Sea and Panama converge, but insurers played down a potential flashpoint in the Taiwan Strait.
The $4.9 billion takeover of Korean shipping line HMM by Harim Group has failed after the two sides failed to reach a deal.
In a market with a tight supply of large tankers DHT Holdings earned an average of $42,800 per day for its fleet of 24 VLCCs in the fourth quarter of 2023.