Union Marine Management Services Pte. Ltd.

Shares in Orsted  plunged to a record low on Monday as the wind farm developer asked shareholders for $9.4 billion to help fund a U.S. project, after potential partners were put off by U.S. President Donald Trump's hostility to wind power.The 60 billion crowns ($9.4 billion) rights issue is worth around half of the Danish company's market value as of Friday's close.Struggling in recent years with soaring inflation and logistical problems that sent costs soaring, the offshore wind industry faced a further setback when Trump suspended licensing on his first day back in office in January."Orsted and our industry are in an extraordinary situation with the adverse market development in the U.S.

The Florida-Caribbean Cruise Association (FCCA) has strengthened its partnership with the Dominican Republic to enhance cruise tourism.During a series of high-level meetings between FCCA leadership and the Dominican Republic’s tourism and port authorities, both parties committed to a shared vision: to position the Dominican Republic as a premier cruise destination in the Caribbean by delivering exceptional guest experiences, supporting local communities and driving sustainable growth.The collaboration includes plans for improving the quality and consistency of shore excursions, integrating more locally made products and cultural experiences into the cruise offering

Italian shipping firm Grimaldi Group has welcomed the second ammonia-ready pure car and truck carrier (PCTC), Grande Tianjin, from Shanghai Waigaoqiao Shipbuilding (SWS), a subsidiary of China State Shipbuilding Corporation Limited (CSSC).The delivery of a 9,000-car capacity PTCT built for Grimaldi Group also marks SWS's 600th vessel or offshore platform since its inaugural delivery, the 150,000-ton Floating Production Storage and Offloading (FPSO) unit Hai Yang Shi You 111, in 2003.The Grande Tianjin is compatible with electric vehicles, conventional fuel cars, and heavy ro-ro cargo.

Sinobunker, one of COSCO Shipping’s subsidiaries, has completed the world’s first green ammonia bunkering operation at COSCO Shipping Heavy Industry’s Dalian terminal.The ammonia was sourced from the world’s largest green hydrogen and ammonia plant established by Envision in Chifeng and powered entirely by the world’s largest independent renewable energy system.The plant integrates wind, solar and energy storage with proprietary hydrogen and ammonia production technologies. It is powered by a proprietary AI-integrated off-grid renewable system, featuring advanced wind turbines, grid-forming battery storage and predictive meteorological modeling.

The catastrophic implosion of the Titan submersible that killed five people in 2023 could have been prevented, a U.S. Coast Guard investigative board found on Tuesday, calling the vessel’s safety culture and operational practices “critically flawed.”The Titan vanished during a descent to the Titanic wreck on a tourist expedition, losing contact with its support ship.After a tense four-day search, its shattered remains were discovered strewn across the seabed 1,600 feet (488 meters) from the bow of the legendary ocean liner that sank in 1912, claiming more than 1,500 lives.OceanGate, the U.S.-based company that managed the tourist submersible, suspended all operations after the incident.