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Enshore Subsea Nets Export Cable Deal For Scottish Offshore Wind Farm
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Enshore Subsea Nets Export Cable Deal For Scottish Offshore Wind FarmUK-based Enshore Subsea has won an export cable installation deal on Scotland’s Inch Cape offshore wind farm. Inch Cape will have two 85-kilometre, 220kV, 3-phase export cables which, based on their diameter and weight, are amongst the largest export cables in the world. Each cable will be delivered in three sections requiring offshore field joints. During the project, Enshore Subsea will be responsible for the export cable installation including transfer from port to site, lay and burial, and support during jointing and deployment of the cable protection system. Enshore Subsea will also be responsible for all pull-in operations and installation of the export cables, into both the transition joint bay at Cockenzie, East Lothian, and the offshore substation located off the Angus coastline. The project will see Enshore Subsea begin offshore work in the summer of 2025. Cable laying will be carried out using the CMOS Installer cable lay vessel. The cable will be buried using assets from Enshore Subsea’s fleet of subsea trenchers. At almost 1.1GW, Inch Cape is in water depths ranging from 40 to 59 m and will be made up of 72 wind turbine generators, each standing up to 274 metres tall. Inch Cape Offshore Limited, a joint venture between ESB and Red Rock Renewables, is the developer of the project.
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Mar 18, 2025
Houthis Vow To Go After American Ships
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Houthis Vow To Go After American ShipsHouthi leader Abdul Malik al-Houthi said on Sunday that his militants would target US ships in the Red Sea in the wake of massive American strikes on Yemen over the weekend. “If they continue their aggression, we will continue the escalation,” he said in a televised speech. Despite there being no attacks on merchant shipping this year, the Donald Trump administration decided to unleash an enormous barrage of strikes on Houthi strongholds over the weekend, linked to Trump’s so-called ‘maximum pressure’ campaign on Iran. The missiles killed 53 people, with Yemeni media also claiming the Galaxy Leader, a car carrier seized by the Houthis in November 2023, was also hit.  Earlier this month, the Houthis said they would restart targeting Israeli-linked ships over Israel’s failure to allow humanitarian aid into war-torn Gaza. Posting on Truth Social, Trump wrote: “The Houthis have choked off shipping in one of the most important Waterways of the World, grinding vast swaths of Global Commerce to a halt, and attacking the core principle of Freedom of Navigation upon which International Trade and Commerce depends.” US defence secretary Pete Hegseth told Fox News yesterday: “The minute the Houthis say we’ll stop shooting at your ships, we’ll stop shooting at your drones, this campaign will end, but until then it will be unrelenting.” “This is about stopping the shooting at assets 
 in that critical waterway, to reopen freedom of navigation, which is a core national interest of the United States, and Iran has been enabling the Houthis for far too long,” he said. “They better back off.”  After more than 100 ships were attacked from late 2023 and throughout last year, the Houthis had ceased their campaign against merchant shipping this year, in line with the tentative peace deal struck between Israel and Hamas.
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Mar 17, 2025
Liner Shipping Profits Forecast To Slide By More Than 80% This Year
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Liner Shipping Profits Forecast To Slide By More Than 80% This YearLiner shipping profits are forecast to slide by more than 80% this year. Analysts at Sea-Intelligence have calculated that the container shipping industry made a combined EBIT last year of $60bn, the third-highest figure recorded in the history of the business, and the highest outside the covid era.  One leading container markets analyst, John McCown, who runs New York-based Blue Alpha Capital, is expecting the liner sector to remain in the black this year, albeit with profits sliding to below $10bn.  “With the downward trend seen in pricing that has continued this quarter, 1Q25 results will certainly be below 4Q24,” McCown wrote in his latest markets update, conceding that the tariff situation unleashed by the new Donald Trump administration in the US has “injected more uncertainty than usual”.  The Bank of International Settlements has warned that the uncertainty generated by Trump’s promises to impose tariffs and embark on a massive job cull threatens the world economy’s soft landing after years of high inflation and elevated interest rates. It stated that “policy uncertainty on tariffs, US fiscal policy, immigration, and regulation 
 work like a negative demand shock. They would have negative effects on spending, investment and we see some signs of that. If tariffs are implemented – and some have been – then the negative demand shocks can become supply shocks and give rise to inflationary pressure.”  Container spot rates have been on a constant slide in 2025. The overall Shanghai Containerized Freight Index is now down 47% since the start of the year. Prices on Asia to North Europe, Asia to the Mediterranean, and on the transpacific to the US west and east coasts are now all lower than at any point in time in 2024, according to data from Drewry.  However, comparing spot rates now to the level seen in mid-December 2023 just before the Red Sea shipping crisis, Asia to North Europe remains up 74%, Asia to the Mediterranean remains up 96%, while voyages across the Pacific to both the west and east coasts are still up by more than 40% compared to the lows experienced towards the end of 2023.  “Continued softening in the spot market comes against a backdrop of weaker than usual volumes post-Lunar New Year, increased competition between liner companies amid alliance restructuring, and widespread uncertainty brought about by an ongoing series of tariff announcements from the US and its trading partners,” commented Clarksons Research in a weekly report.  As neatly surmised by Maersk in its annual report published in February, liner profits in 2025 are on a knife edge, largely out of the carriers’ control – what happens in the Middle East ought to dictate the difference between red and black ink.  Maersk reported its third-best financial year ever in February with an EBIT for 2024 of $6.5bn. The Danish carrier forecasted global container volume growth in 2025 will be around 4%. However, the very big dividing line between profit and loss this year, according to Maersk, will centre around the Red Sea. The Houthis of Yemen have put their campaign against merchant shipping on hold, with no attacks reported in 2025 so far, as Israel and Hamas take steps toward peace. The situation remains tense however with very few liners returning to take the Suez route between Asia and Europe. Maersk’s EBIT forecast for 2025 ranges from zero to $3bn, depending on whether the Red Sea opens in the middle of the year or the end of the year.
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Mar 17, 2025
Jan De Nul And Hellenic Cables Ink Framework Deal With National Grid
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Jan De Nul And Hellenic Cables Ink Framework Deal With National GridBelgium’s Jan De Nul and its Greek consortium partner Hellenic Cables, have signed a framework agreement with British utility National Grid for future HVDC cable projects across the UK and Europe. The deal will entitle the consortium to participate in upcoming tenders for call-off projects for the design, manufacturing, supply, installation, testing, and commissioning of HVDC cable systems as part of National Grid’s large-scale offshore and onshore transmission infrastructure investment program. The framework is for five years with an option for extension of up to three additional years. Both companies have been bolstering their cabling capabilities, with Cenergy Holdings’ Hellenic expanding production capacity at its plants in Corinth and Thiva, while Jan De Nul has invested in two extra-large cable-laying vessels, with carrying capacity of 28,000 tonnes and delivery scheduled for 2026.
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Mar 17, 2025
Canada Identifies Five Offshore Wind Areas In Nova Scotia
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Canada Identifies Five Offshore Wind Areas In Nova ScotiaCanada has identified five suitable areas for the development of offshore wind farms in Nova Scotia. A regional assessment initially recommended eight potential wind energy areas, but that was cut down to five. Four of the five areas are south of Nova Scotia’s eastern shore – French Bank, Middle Bank, Sable Island Bank, and Emerald Bank. The fifth area, known as Sydney Bight, is northeast of Cape Breton. In all, these offshore areas cover more than 19,500 square kilometres. Canada will be looking to produce 5GW of electric offshore wind energy from the areas by 2030. A 25-kilometre buffer zone has been recommended from the Nova Scotia coastline and around Sable Island, a national park reserve. The government of Nova Scotia said that it will now seek input from citizens before official designations are granted. This process will end on April 14. After the areas receive official designation, expected later this year, the Canada-Nova Scotia Offshore Energy Regulator will manage a competitive licensing process. “The location and size of future call for bids areas within wind energy areas will be determined during the subsequent steps in the land tenure process,” the Nova Scotia government said. According to the government, Canada, with the world’s longest coastline, is well-positioned to enter the $1trn global offshore wind market with Nova Scotia being particularly promising with strong winds and favourable underwater conditions.
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Mar 17, 2025
Odfjell Technology Bags Another Deal With Conocophillips
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Odfjell Technology Bags Another Deal With ConocophillipsOdfjell Technology, a spinoff of Odfjell Drilling that specialises in offshore operations, well-service technology, and engineering solutions, has won a three-year deal with ConocoPhillips for work on the Norwegian Continental Shelf. The new contract for tubular running services comes less than a month after the two companies agreed to extend a contract for platform drilling operation and maintenance services in the Norwegian North Sea. The previously agreed extension will last until July 1, 2028, and also has another three-year extension option which could see the partnership extend until July 2031. According to Odfjell Technology, the new TRS deal has a firm duration of three years with two extension options of three years each. “The new contract will provide continuity and predictability for both parties, underscoring their shared commitment to quality, safety, and efficiency in every aspect of their operations,” the Norwegian firm said.
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Mar 17, 2025
Elbdeich Lifts Wenchong Boxship Series
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Elbdeich Lifts Wenchong Boxship SeriesGerman owner Elbdeich Reederei has firmed up orders for two more containerships at Huangpu Wenchong in China. Brokers report the Drochtersen-based company has lifted options for a pair of 1,900 teu newbuilds it held at the CSSC-affiliated yard, following a deal for two firm units earlier this year. The ships cost about $32.3m each with deliveries scheduled throughout 2027. Elbdeich counts more than 30 ships in its fleet. The company also has 1.300 teu methanol dual-fuel newbuilds booked at Wenchong for delivery in 2026. The order is backed by DP World-controlled feeder operator Unifeeder.
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Mar 17, 2025
Geneva Dry Dialogues: Bpg Shipping
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Geneva Dry Dialogues: Bpg ShippingHaving attended over 200 shipping events since 2009, Gennadiy Ivanov found last year’s inaugural Geneva Dry gathering to be one of the most “efficient, proactive and practical” conferences he’s ever attended. “As proof of its value, we registered for the second Geneva Dry the very next day after the first one concluded,” Ivanov, a director at BPG Shipping, tells Splash. Founded in 2017 in Dubai, BPG Shipping is one of the many ship operators due to attend the world’s premier commodities shipping conference when Geneva Dry reconvenes at the end of April. BPG specialises in dry bulk, handling both major and minor bulks in the handysize, supramax, and panamax segments. Come the end of April, when Ivanov picks up his delegate pack in the foyer of the Hotel President Wilson on the shore of Lake Geneva, he’s expecting dry bulk prospects to be more healthy, in no small part down to the far higher than average number of dry bulk carriers bound for drydockings in 2025. He does concede that tariff uncertainties and a possible slowdown in the global economy cloud any projections this year, topics that will be discussed during the summit’s opening Commodities Shipping Outlook, a high-level scene-setter designed to give attendees an indication of what to expect in the coming 24 months. From geopolitics to demand forecasts, new regulations, fuels and new technology this session features the heads of INTERCARGO and BIMCO, Trafigura’s chief economist as well as the president of marine and offshore for Bureau Veritas. Geneva Dry brings together all elements of the commodities shipping sector to host the ultimate dry bulk shipping event. Split into sectors, panels will bring together analysts, financiers, miners, traders and shipowners to discuss where the markets are headed. Sessions include: The full Geneva Dry agenda can be accessed here.Geneva Dry registration, at just $780, can be accessed here.Special Geneva Dry hotel room rates can be found here. The over 230 companies attending Geneva Dry 2025 include: 2020 Bulkers, ABS, Aderco, Admaren, Aferrari Maritime Advisory, Affinity, Alberta Shipmanagement, Alcos Transport, Amart Shipping, Ambica Logistics, AmSpec, Anglo American, A.O. Schifffahrt, Ariston Navigation, AR Savage & Son, Arrow, Asia Shipping Media, Asiatic Lloyd Maritime, Asyad Shipping Company, AXSMarine, Bahri Dry Bulk, Balena Projects, Baltic Exchange, Banchero Costa, Beaufort Shipping, Berenberg Bank, Bery Maritime Inc., BIMCO, BIS Services, Blue Astra Maritime, Blue Visby Services, BPG Shipping Company, Braemar, BroadPeak Partners, BUDD Group, Bulk Commodity Trade, Bulk Egypt, Bureau Veritas, Burmester and Vogel, CALLS Shipping, Cambiaso Risso, Cargill, Castlewood Capital Partners, Cetus Maritime, Charterers P&I Club, Chesva Enterprises, Chinaland Shipping, Clarksons Port Services, CMA CGM, Coach Solutions, Cobelfret, COFCO International, Colfletar, Consortium Maritime Trading, Copenhagen Commercial Platform, Cross Office, CR International, CSBL, CSN Mining International, CTM, d’Amico Dry, Dataloy, DennisMathiew, Devbulk, DNV, Drydel Shipping, DryLog, Dualog, Earth X Space, Eastern Mediterranean Maritime, Eastmen Shipping Co., EBE, Eksen Chartering, Eltronic FuelTech, EMSS DMCC, Enesel, Eramet, Erhardt Logistics, European Energy Exchange, Exen Global, Fednav, F.G.M. Chartering, Fleet Cleaner, G2 Ocean, GAC, GAC Services, Genoa Sea Brokers, GeoServe, Goulandris Brothers, GP Shipping, Grain Compass Shipping, Granos Oros, Great Eastern Shipping Company, Greenheart Management, Grieg Shipbrokers, Hadley Shipping Group, Harbor Lab, Harren Group, Hartree Partners, Heidelberg Materials Trading, Hempel, HFW, Himalaya Shipping, HR Maritime, H. Vogemann, IFCHOR GALBRAITHS, IHB Shipping, Inchcape Shipping Services, INCOFE, Independent Ship Agents, Infospectrum, Inmarsat, INTERCARGO, InvestHK, Iskele Shipping, Isle of Man Ship Registry, JBG Shipping Agency, JJ Ugland, Kaizen Ship Management, KC Maritime, KGJS/BTG, Klaveness, Kpler, LA Marine, Latitude Brokers, LAM Lyonel A. Makzume Shipping Agency, Leeway Brokers, LETH Agencies, Liengaard & Roschmann, Lloyd’s List Intelligence, Lloyd’s Register, London Stock Exchange Group, Lykiardopulo & Co, Mandarin Shipping, Manta Marine Technologies, Marcura, Marex, Marfin Management, Mariner Communications, Maritime Optima, Marshall Islands Registry, MasOceans, Med Shipping Agency, Metbulk Shipbrokers, Metbulk Shipping, Mid-Ship Group, Montfort Trading, Mulberry Shipping and Consulting, NAPA, Navis, Neptune Maritime Leasing, Nextvoyage, Norbulk Shipping, Norden, NorthStandard, Nova Marine Carriers, Novamaxis, OBT Shipping Group, Oceanbulk Maritime, Ocean Recap, OceanWings, Orion Reederei, Overhorn Swiss, Pan Marine Group, Paralos Asset Management, Paralos Shipping, Paratus, Petro Inspect, Plutofylax Shipping Corporation, P&O Maritime Ukraine, Port Scope, Precious Shipping, Pyxis Logistics, Quest Group, Range Shipping, RightShip, Rustibus, RZHA, S5 Agency World, Safe Bulkers, S-Bulkers, SEA, Seaber, Seanergy Maritime Holdings, SEDNA, Seven Oceans, Seven Seas Marine Management, SGM Shipping Services, SGX Group, Siddhartha Logistics, Signal, SMB Law, Soki Kisen, South32, Southport Agencies, Spinergie, SS Rice News, SSY, Star Bulk, Steamship Mutual, StoneX, SUISSENÉGOCE, SwissMarine, Taylor Maritime Investments, TCC Group, Team Fuel Corp, TheOceann.ai, Thurlestone Shipping, TMA Bulk, Tradeviews, TradeWinds, Trafigura, Triton Bulk, Tsakos Shipping, Two Oceans, United Maritime Corporation, Universal Shipping, Vale, Vale Base Metals, Valiant Shipping, Veson Nautical, V.Group, VPS, Wah Kwong Maritime Transport Holdings, Wallem Group, Walter Cuminns Group, Waypoint Commodities, WBL Shipping Agency, Weathernews, Western Bulk, Wilson Sons, Windward Shipping and ZeroNorth.
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Mar 17, 2025
Floatel International Firms Up Vessel Deal In Australia
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Floatel International Firms Up Vessel Deal In AustraliaOffshore accommodation vessel specialist Floatel International has secured work for one of its units. The Oslo-based owner and operator of semisub flotels has fixed the 2016-built Floatel Triumph to a client in Western Australia, following a letter of intent announced earlier. The contract will start in the fourth quarter of this year and last between three and five months, the company said in a filing on Friday. Financial terms have not been divulged.
port-and-ship
Mar 14, 2025
Capesize Tonne-Mile Uptick Seen As Africa Outmuscles Australia For Iron Ore
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Capesize Tonne-Mile Uptick Seen As Africa Outmuscles Australia For Iron OreIron ore exports out of Africa are set to be one of the great growth drivers of global seaborne trades for the rest of the 2020s, new research from broker SSY shows. Guinea’s Simandou mine alone is set to deliver 60m tonnes of iron ore in its first full year, with production, due to start in 2025, expected to double to 120m tonnes the following year, according to Guinea’s Mines and Geology minister. The project is expected to contribute to 10% of China’s seaborne iron ore demand annually.  The global trade map for iron ore is set for a redraw Just 200 km away, Ivanhoe Atlantic’s Kon Kweni project is expected to produce up to 5m tonnes of iron ore when its first phase opens next year, with second phase expansion expected to see this figure rise up to 30m tonnes a year.  “Beyond these larger mines, Africa is bustling with smaller yet promising projects,” SSY noted in a monthly markets update, noting Genmin’s Baniaka project and Fortescue’s Belinga project, both in Gabon, as well as ArcelorMittal’s Western Range expansion in Liberia, and Jindal Africa’s project in Namibia.  “As West Africa’s mines muscle out higher-cost producers elsewhere, particularly in Australia, the global trade map for iron ore is set for a redraw,” SSY suggested, something could see a “notable uptick” for capesize tonne-mile demand. “On the panamax front, Liberia’s newfound iron ore wealth could reshape Europe-bound trade flows, potentially displacing high-cost Canadian exports,” SSY added.  Africa’s growing prominence will be a key plank of discussion during next month’s Iron Ore session at Geneva Dry, the world’s premier commodities shipping conference.
port-and-ship
Mar 14, 2025