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German transmission system operator 50Hertz has awarded a consortium comprising Siemens Energy and Neptun Smulders Offshore Renewables (NSORe) a contract to construct a converter system for the offshore grid connection project North Sea Connector 2. The consortium is responsible for the full implementation and turnkey delivery of the installations. This includes system design...

Norwegian oil major Equinor and its partners have agreed on the development concept for the Ringvei Vest subsea project linked to the Troll B platform in the Norwegian North Sea. The discoveries included in the project are Grosbeak, Swisher, Mulder, Kveikje, Toppand, Røver Sør, and Røver Nord. In addition, the prospect Grønngylt is included. The …

A newly signed interim agreement between the United States and Iran has reopened the Strait of Hormuz and established a framework for ending hostilities, but significant uncertainty remains over how the deal will be implemented and what it could mean for global shipping in the months ahead. The 14-point “Islamabad Memorandum of Understanding” was signed …

Two US companies have filed class-action lawsuits against a group of container manufacturers accused by American prosecutors of conspiring to restrict output and fix prices in the global dry container market. The lawsuits, filed separately by manufacturer CA Spalding Company and shipping company Daybreak Express earlier this month, seek monetary damages and follow closely on ...

Ports that fail to adapt to climate change and growing environmental pressures could face annual disruption costs of up to $30bn by 2050, according to a new World Economic Forum (WEF) report that calls for a fundamental rethink of how maritime gateways are planned, financed and operated. The report, Future-Proofing Ports: Nature, Climate and People …