Wind Farms Using Underwater Power Grid Could Revolutionize East Coast Power
Offshore winds have the potential to supply coastlines with massive, consistent flows of clean electricity. One study estimates wind farms…
Fosen Selected to Build Veer’s First Zero-Emission Containerships
The efforts to develop what is being called the “world’s first clean containership” for ocean crossings, a vessel using wind…
Investigation Highlights Increasing Dangers to Crews of Heat Exhaustion
A newly released report into the death of a crewmember aboard a Maltese-registered bulk carrier and the hospitalization of three…
Consortium Seeks to Develop Chile’s First Offshore Wind Farm
Efforts kicked off yesterday, August 1, designed to launch an offshore wind farm industry in Chile. Organizers highlighted the potential…
MOL and Hanwha Design First LNG Carrier with Wind-Assisted Propulsion
Japan’s Mitsui O.S.K. Lines (MOL) presented the first approved design concept for an LNG carrier with a wind-assisted propulsion system.…
Maersk Commits to Using Shore Power in Hamburg
Hamburg is moving forward broadening the installation of shore power capabilities across the port. Earlier this year it claimed the…
US slowdown fears heighten the odds of Fed rate cuts
Manufacturing worries mount Yesterday’s US ISM manufacturing index for July was very soft. The headline balance dropped to 46.8 from…
Major central banks’ rate cuts gather pace
The global rate cut cycle is picking up steam, with half of developed markets’ central banks having begun easing, and…
Bank of England cuts rates and there are more to come this year
The Bank of England has cut rates for the first time this cycle, by a quarter point to 5%. But…
US factory orders fall more than expected in June
New orders for U.S.-manufactured goods fell more than expected in June, but business spending on equipment was solid as was…