Orsted CEO Says Abandoning US Wind Projects a 'real option'
Denmark's Orsted, the world's largest offshore wind farm developer, is prepared to walk away from projects in the U.S. unless the Biden administration guarantees more support, Bloomberg News reported on Tuesday, citing the company's CEO. "We are still upholding a real option to walk away," Orsted CEO Mads Nipper told Bloomberg News in an interview. "But right now, we are still working towards a final investment decision on projects in America." Last week Orsted said it may see U.S.
Australia’s Portland to be Renewable Maritime Fuels Hub
Australia’s Victorian Government is backing a new feasibility study that could see Portland become home to one of Australia’s first green shipping fuel production hubs.Minister for Regional Development Harriet Shing announced the new study for a renewable fuel manufacturing hub in the portside city, with A$500,000 invested through the Labor Government’s Portland Diversification Fund.The feasibility…
UK Insurers Join Cargo Safety Initiative
Safetytech Accelerator, a non-profit established by Lloyd’s Register, has confirmed that UK maritime insurers, the UK P&I Club and TT Club, have signed up for its Cargo Fire & Loss Innovation Initiative (CFLII).The Initiative, launched in February 2023, is a multi-year collaborative technology acceleration program focused on reducing cargo fires and loss in maritime and its impact. It is already supported by anchor partners COSCO Shipping Lines…
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