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Supply chains
Mediterranean ports warn of overflowing storage yards in latest threat to supply chain
...However, vessel-tracking services show that vessels are regularly waiting at anchor offshore at both Algeciras and Tangier before berthing. Such waits are often a sign ports are growing congested....
April 23, 2024
Oil
How a Russian oil tanker tried to conceal its location
...The ship first visited an offshore mooring near Malta from May to July, before visiting the Teknecik power plant in Northern Cyprus a month later, according to the findings....
December 7, 2022
FT Live
Accelerating the Energy Transition in Asia
Industrial strategies and policy drivers for sustainability
Tuesday, 30 JulyMandala Club, 31 Bukit Pasoh Rd, Singapore 089845
North Korea
Fuel transfer from South to North Korea sheds light on sanctions evasion
...A company called Met Ocean appears in the Panama Papers leak of millions of files from Mossack Fonseca, one of the largest offshore law firms....
December 16, 2022
News in-depthMiddle East
Houthis blow open murky world of ship nationality
...Many are held through offshore companies whose ultimate ownership is not declared....
March 5, 2024
Oil
The west’s Russia oil ban, one year on
...Of those shipments, 71 per cent involved vessels and service providers outside of G7 countries, up from only 20 per cent in April 2022....
December 10, 2023
News in-depthRenewable energy
Lack of port infrastructure threatens Scotland’s offshore wind boom
...Associated British Ports, which owns 21 ports around Britain, has set out plans to possibly invest £500mn in Port Talbot to service potential floating offshore wind plants in the Irish Sea....
October 22, 2023
FT Live
US Decarbonization and Industrial Transition Summit
Securing the resources to build and finance America's clean energy future
Wednesday, 29 MayWashington, D.C., USA
News in-depthWind power
Wind power industry faces size problem as blades get longer than football pitches
...But vessel owners have already been burned by investing heavily in new models only to find they were quickly outgrown, said Torgeir Ramstad, managing director in the installation division at offshore vessel...
August 30, 2023
Israel-Hamas war
Israel warns of regional conflict risk as Iran tensions increase
...The Houthis in recent weeks have also escalated attacks against global shipping transiting the Red Sea, forcing merchant vessels to divert around the Horn of Africa....
December 26, 2023
Disrupted Times
Rare bright spot for Rishi Sunak as UK inflation tumbles
...Need to know: UK and Europe economy Danish offshore developer Ørsted is to press ahead with the world’s largest offshore wind farm off the British coast, in a boost for the sector after setbacks this year...
December 20, 2023
FT Schools
Economics class: teaching ideas
...Biden’s Inflation Reduction Act changed the world Labour market podcast: Rishi Sunak’s big fat Greek row Fiscal policy podcast: Autumn Statement Reaction Demand and supply: UK government to increase offshore...
April 22, 2024
Fincantieri SpA
Fincantieri says wind farm work will double offshore revenue
...Vard earlier this month signed a deal to deliver four service vessels in 2025-26 to Edda Wind, a Norwegian offshore renewable energy company....
March 13, 2023
Disrupted Times
Ukraine war and the west’s relations with China reshape global trade
...The UK’s public broadcasters are launching a digital service that will finally end the need for an aerial for freely available TV channels....
September 18, 2023
LexJohn Wood Group PLC
Wood Group/Apollo: oil services group cannot ignore bidders forever Premium content
...Wood Group began life in offshore oil services as a part of a family fishing business. Four decades on, private equity investor Apollo Global has trawled the UK market and found some potential....
February 23, 2023
Transcript
How Dubai is reshaping the global oil trade
...Port statistics suggest it’s been a record year for the number of oil vessels calling at the ports of Fujairah, with as many as 12,500 vessels stopping at its offshore anchorage area....
August 9, 2023
Global Economy
UK headline inflation eases but core pressures remain
...A container ship left Odesa port for Istanbul, the first vessel to depart from Ukraine’s ports since Russia threatened to attack civilian shipping in the Black Sea last month....
August 16, 2023
FT Live
Energy Transition Summit
Delivering a stable and efficient clean energy system
Tuesday, 22 OctoberLondon, UK & Online
Transcript
Transcript: Tory ‘red wall’ seats under threat
...That industry has faded over the years, down to just half a dozen crab vessels....
April 3, 2024
FT Globetrotter
A lobster roll through the Hamptons
...Colourful umbrellas line its powder-sand shores and surfers bob offshore, waiting for waves in an unspoken pecking order....
July 31, 2023
The Big Read
The US plan to become the world’s cleantech superpower
...The first will hit the water sometime in the spring, ferrying workers to service wind turbines off the New England coast. The US barely has an offshore wind sector for these vessels to service....
February 16, 2023
Britishvolt
Monaco shipping group takes stake in battery start-up Britishvolt
...But some experts think they could also be used to power intra Europe voyages and on the vessels that build and service offshore wind farms....
May 17, 2022
Disrupted Times
The cost of living time bomb no one can defuse
...Clarksons, the world’s largest shipbroker, says its index tracking rates paid to lease rigs, subsea vessels and offshore supply vessels are at the highest level in seven years....
August 8, 2022
The Big Read
The lure of Singapore: Chinese flock to ‘Asia’s Switzerland’
...Many of those family offices go on to set up other types of structures such as offshore funds....
January 15, 2023
News in-depthRoman Abramovich
‘Not my yacht’ — how murky structures cloud ownership of oligarch toys
...the byzantine offshore structures that are complicating authorities’ efforts to enforce sanctions against Russian president Vladimir Putin’s alleged enablers....
April 5, 2022
News in-depthBritish Virgin Islands
British Virgin Islands politicians close ranks to resist London rule
...As the BVI struggles to emerge from the scandal, the islands’ financial services industry, which provides 60 per cent of government revenues, is anxious to distance itself....
May 6, 2022
Travel
Sea kayaking in St Columba’s wake
...A rusting ferry shunts between the island and the rest of the world (the service has been running since the days of Columba — once, people summoned it by setting bundles of heather alight)....
August 30, 2022
P&O Ferries
P&O rejects call from Grant Shapps to rehire UK crew
...He could not say when the ships would be released, but “hoped” no further vessels would be impounded....
March 29, 2022

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