Industry News

The people, deals, changes and larger shipping and port industry developments that keep our commercial marine industry on it toes. Covers latest stories, mergers and acquisitions, interviews of key industry personnel, key deals and important publications.

offshore wind

RWE exits US offshore wind market with $1.22 billion bounty

2026-08-10T12:07:00+01:00

RWE has agreed to walk away from three US offshore wind leases in the New York Bight and off the coasts of California and Louisiana in exchange for a $1.22 billion settlement from the US government.