Insurance, Legal & Finance

INDUSTRY NEWS

INDUSTRY NEWS

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.

17th October 2025

IMO postpones imposing shipping carbon taxes by one year

17th October 2025

INDUSTRY NEWS

INDUSTRY NEWS

Offshore wind leader Ørsted has confirmed it will cut its workforce by 2,000 as part of an ‘updated business plan and strategic priorities’.

14th October 2025

Ørsted slashes headcount by 25%

14th October 2025

INSURANCE, LEGAL & FINANCE

INSURANCE, LEGAL & FINANCE

Businesses often rely on third parties to deliver specialist services or components, from hull fabrication and electrical systems to crew supply and technical design. 

14th October 2025

MARITIME LAW FOCUS: Avoid subcontracting pitfalls

14th October 2025

INDUSTRY NEWS

INDUSTRY NEWS

Corvus Energy has secured a US$60 million growth capital injection from a consortium of blue-chip investors to enable the company to boost production and continue innovating to support maritime decarbonisation.

10th October 2025

Corvus Energy secures funds for decarbonisation

10th October 2025

INSURANCE, LEGAL & FINANCE

INSURANCE, LEGAL & FINANCE

Struggling ferry firm Red Funnel, which is seen as a lifeline for the UK’s Isle of Wight to the mainland, has been bought out by a firm that specialises in turning ailing…

9th October 2025

Red Funnel buy-out could signal hope on the horizon

9th October 2025

INDUSTRY NEWS

INDUSTRY NEWS

Dutch offshore data firm Fugro has blamed market conditions, particularly in oil and gas, for cutting its financial outlook for this year.

22nd September 2025

Fugro cuts profit outlook because of ‘market conditions’

22nd September 2025

OPINION

OPINION

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.

17th September 2025

MARITIME LAW FOCUS: Avoid giving too many rights to customers

17th September 2025

ENVIRONMENT

ENVIRONMENT

Danish offshore wind giant Ørsted has lowered its profit forecast because the wind didn’t blow as much as normal in July and August.

10th September 2025

Ørsted cuts profit forecast after wind doesn’t blow

10th September 2025

INDUSTRY NEWS

INDUSTRY NEWS

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.

10th September 2025

EU considers 10-year delay on shipping carbon taxes

10th September 2025

ENVIRONMENT

ENVIRONMENT

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.

3rd September 2025

Urgent call for opinions before workboat CO2 rules imposed

3rd September 2025