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Trump presidency 2.0 will likely disrupt container shipping industry

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Donald Trump’s victory in the 2024 US presidential election is a ‘step in the wrong direction’ for international trade as importers fear another spike in ocean container shipping freight rates, according to ocean and air freight rate benchmarking and market intelligence platform Xeneta. The post Trump presidency 2.0 will likely disrupt container shipping industry appeared first on Offshore Energy.

Altera Infrastructure lets go of Altera Shuttle Tankers 

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Altera Infrastructure Holdings, a wholly-owned subsidiary of the UK-based energy services provider Altera Infrastructure, […] The post Altera Infrastructure lets go of Altera Shuttle Tankers  appeared first on Offshore Energy.

Akastor becoming majority owner of Akofs thanks to $22.5 million deal with Japanese player

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Norway-based oil services investment company Akastor has signed an agreement with Japan’s Mitsui & Co. to purchase the latter’s shares in Akofs Offshore, an Oslo-headquartered provider of vessel-based subsea well construction and intervention services. The post Akastor becoming majority owner of Akofs thanks to $22.5 million deal with Japanese player appeared first on Offshore Energy.

ITM Power reaches technical milestone in electrolyzer technology development

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UK’s ITM Power has concluded a technical milestone in electrolyzer technology development, having validated an additional 40% iridium loading reduction whilst maintaining stack performance and longevity. The post ITM Power reaches technical milestone in electrolyzer technology development appeared first on Offshore Energy.

Finnlines readies to pick builder of three new green fueled RoPaxes

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Finnish shipping company Finnlines revealed it is in the process of shipbuilder selection after which the construction of a new green fueled roll-on/roll-off passenger (RoPax) fleet will proceed. The post Finnlines readies to pick builder of three new green fueled RoPaxes appeared first on Offshore Energy.

SINTEF Ocean becomes GCMD’s knowledge partner

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SINTEF Ocean, a Norway-based ocean space research institute, has joined the Global Center for […] The post SINTEF Ocean becomes GCMD’s knowledge partner appeared first on Offshore Energy.