Insurance, Legal & Finance
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NewsVessel operators warned: Act now or face penalties
More regulations could be about to hit vessel operators and owners thanks to EU legislation that the UK is likely to emulate.
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NewsCorPower Ocean drives wave energy forward
The POWER-Farm EU Project, backed by a €19M Horizon Europe grant, aims to validate wave energy technology in UK waters
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News€700 million earmarked for green e-methanol plant
Spanish innovation company Reolum is spending €700 million on a plant to make e-methanol especially for the maritime and aviation industries.
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NewsABP unveils latest large ports spending
Associated British Ports has unveiled the latest tranche of a major capital spending programme at its five ports in South Wales.
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NewsBuilding begins on £200m (€228m) UK freight terminal
Work is set to begin on a new multi-million-pound freight ferry terminal in eastern England following investment by Stena Line and Associated British Ports.
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NewsEU injects millions into green transport
Funding, delivered through the Connecting Europe Facility, targets major upgrades to port infrastructure, airports and road networks
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NewsUnder attack: Tugs prime target of cyber criminals
With costs of $100,000 a day for a stranded ship, the growing threat of cyber hackers is a growing concern to industry, which needs to step up its defence, speakers at a session at last week’s Europort said.
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News‘Largest ever’ Europort finishes today with themes shaping maritime’s future
Rotterdam Ahoy will close its doors later today after putting on eight halls of intensive innovation, networking, debate and forward focus, with a few themes running throughout – namely digitalisation and sustainability. Here’s a snapshot of some of them.
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NewsØrsted sells Hornsea 3 stake to Apollo
Ørsted is selling a 50% stake in its 2.9 GW Hornsea 3 wind farm to Apollo
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NewsUzmar secures €millions to expand shipyard
Turkish shipbuilder Uzmar has secured ‘a strategic milestone’ of financing to expand its pilot and tug vessel building facilities, the company says.
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NewsIMO postpones imposing shipping carbon taxes by one year
An extraordinary meeting at the International Maritime Organisation (IMO) to vote on the world’s first global carbon taxing system on the shipping industry has voted to postpone implementation for one year.
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NewsØrsted slashes headcount by 25%
Offshore wind leader Ørsted has confirmed it will cut its workforce by 2,000 as part of an ‘updated business plan and strategic priorities’.
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NewsMARITIME LAW FOCUS: Avoid subcontracting pitfalls
Businesses often rely on third parties to deliver specialist services or components, from hull fabrication and electrical systems to crew supply and technical design. Our regular legal column points out some potential pitfalls.
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NewsCorvus Energy secures funds for decarbonisation
Corvus Energy has raised US$60 million to expand maritime energy storage, driving global shipping decarbonisation
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NewsFugro cuts profit outlook because of ‘market conditions’
Dutch offshore data firm Fugro has blamed market conditions, particularly in oil and gas, for cutting its financial outlook for this year.
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NewsMARITIME LAW FOCUS: Avoid giving too many rights to customers
Marine businesses risk costly mistakes by accidentally giving commercial buyers consumer-style rights, warn lawyers Jennie Harris and Lucy Goff, from Ocean Legal, in their latest column for Maritime Journal.
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NewsØrsted cuts profit forecast after wind doesn’t blow
Danish offshore wind giant Ørsted has lowered its profit forecast because the wind didn’t blow as much as normal in July and August.
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NewsEU considers 10-year delay on shipping carbon taxes
The EU is considering delaying shipping fuel taxes for 10 years under a draft proposal that aims to stall energy tax reforms, news agency Reuters has reported.
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NewsUrgent call for opinions before workboat CO2 rules imposed
The Workboat Association (WA) has released an urgent reminder to small vessel owners in the UK to respond to the government’s Call for Evidence about decarbonisation legislation.
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NewsMaritime Law Focus: Health & safety processes are vital
When shipyards fail to put proper health and safety measures in place, it can lead to tragic and costly results. In their latest column for Maritime Journal, Ocean Legal’s Jennie Harris and Lucy Goff outline the risks and the processes needed to minimise them.
