Ørsted presents an operating profit (EBITDA) for 2024 based on preliminary and unaudited reporting. EBITDA excluding new partnership agreements and cancellation fees is expected to total DKK 24.8 billion in 2024, in line with the latest guidance. The operational earnings from Offshore and Onshore were the main contributors and delivered in line with our expectations…. Read More
The unofficial Department of Government Efficiency (DOGE) headed by Elon Musk and Vivek Ramaswamy is seeking ways to slash the size of the federal government. We’ll leave the day-to-day coverage of its doings to the main media. Our focus is the possibility that DOGE will try to make cuts to the Corps of Engineers. The… Read More
Container liner MSC Mediterranean Shipping Co. SA said it will continue to send its ships around Africa’s southern tip until further notice, a sign that any resumption to normal trade flows through the Red Sea is not imminent. “The situation in the Suez Canal remains fluid and the security situation is unclear,” the company said by email Tuesday. “In… Read More
On Monday, Brig. Gen. Bill Hannan, NWD commander, visited the Portland District, US Army Corps of Engineers’ (NWP) hopper dredges Essayons and Yaquina as they undergo maintenance, repairs and upgrades. (left to right): Dan Howard, NWP navigation chief, Chris Gibbons, Essayons lead port engineer, Jane Favors, former Captain of the Yaquina, Brig. Gen. Hannan, Jon Blake, current… Read More
Sweden’s AtoB@C Shipping, a subsidiary of Finland’s ESL Shipping, is continuing its fleet renewal program by adding six low-emission vessels to its fleet between 2025 and 2027 after securing long-term time charter contracts with Hamburg-based shipowner BAAS Shipping. The 5,900DWT ice class 1A vessels will be designed by Dutch naval architecture firm Groot Ship Design…. Read More
