Costs
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Maritime News
Maersk Pursues Refits of Chartered Fleet to Reduce Costs and Emissions
Maersk reports it has passed the halfway mark on an ambitious program of refits designed to reduce fuel and operating…
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Marine World
UN Report: Shipping Faces Perfect Storm of Stalled Growth, Longer Routes, and Surging Costs
Global maritime shipping is sailing into troubled waters as seaborne trade growth is forecast to slow dramatically to just 0.5…
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Maritime News
North Carolina Utility Cites Costs Deferring Offshore Wind Power for Solar
Duke Energy, which is one of the United States’ largest energy companies, has determined that offshore wind energy does not…
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Marine World
Trump Admin Cancels Offshore Patrol Cutters at Eastern Shipbuilding Over Delays and Rising Costs
Department of Homeland Security Secretary Kristi Noem announced yesterday the partial termination of a contract with Eastern Shipbuilding Group (ESG)…
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Marine World
Surging UK Shipping Costs Threaten to Deliver a New Price Shock
The cost of shipping goods from China to the UK has surged due to ripple effects of the US trade…
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Maritime News
Japan’s Imabari Consolidates Shipbuilding for Lower Costs and Competition
In what is seen as a strategic move aimed at strengthening Japan’s shipbuilding industry, its largest builder, Imabari Shipbuilding, will…
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Maritime News
War Risk Insurance Costs Double As Middle East Tensions Worsen
U.S. and Israeli attacks on Iran and Tehran’s reprisals have doubled the price of insuring shipments to the Middle East…
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Maritime News
War Insurance Costs to Israel Soar
War risk insurance premiums for shipments to Israel are as much as three times higher than a week ago as…
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Maritime News
Equinor May Walk Away from Empire Wind as Stop Work Order Costs Mount
Equinor is lashing out at the Trump Administration and the Department of the Interior saying it has been unable to…
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Maritime News
Hybrid SOV Design Lowers Costs Supporting More Wind Farms
As the offshore wind energy sector continues to evolve, operators especially in the maintenance and operations phase are faced with…
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