CRIMSON TIDE

Norwegian shipbuilder Vard has delivered a hybrid construction and cable laying vessel (CLV) to Japan's Toyo Construction, marking its first vessel delivery to the Japanese offshore wind market.The vessel was handed over at Vard Langsten in Norway on June 26. It is also the first vessel Toyo Construction has ordered from Vard.The CLV was outfitted, commissioned and delivered on time from Vard Langsten, while the hull was built at Vard Shipyards Romania-Tulcea.Spanning 151 meters long and 28 meters wide, the CLV has a cable carrying capacity of 9,000 tonnes.

Middle East producers are pushing ahead with loading oil and liquefied natural gas despite fresh ship attacks in the Strait of Hormuz and renewed strikes between the U.S. and Iran in recent days, shipping data showed.Energy shipping in the strait slowed after attacks on a container ship on Thursday and an oil tanker on Saturday sparked fresh tit-for-tat strikes, straining Washington and Iran's interim peace deal.But on Sunday, a U.S. official said the two countries had agreed to halt recent hostilities and renew talks over the strategically important waterway.

Equinor has decided to end its offshore wind business activities in Japan, where it has been since 2018 but has failed to win any leases in successive auctions, and close its Tokyo office by the end of 2026.Orsted, the world's largest offshore wind developer, exited Japan in 2024 and Equinor has previously scaled back offshore wind development in markets including Vietnam, Spain, Portugal and France, citing rising costs.Offshore wind projects globally have been hit by rising costs and persistent supply chain constraints.

Fewer vessels transited the Strait of Hormuz on Friday than earlier this week, hours after a Taiwanese-operated ship was fired on by Iran, ship tracking data showed.Maritime and Port Authority of Singapore (MPA) Confirms EVER Lovely DamageThe Maritime and Port Authority of Singapore (MPA) is aware that the Singapore-registered container ship EVER LOVELY sustained minor damage to the bridge area from an unknown projectile while leaving the Strait of Hormuz on June 25, 2026. The vessel has since completed its transit through the Strait of Hormuz and is proceeding on its voyage, and all 21 crew members were reported safe. The U.N.

For decades, floating nuclear power occupied a niche position in the energy debate – technically feasible, strategically intriguing, but commercially marginal. Today, however, combined pressures of decarbonization, energy security, land constraints, rising electricity demand and water scarcity are making floating nuclear power a more serious proposition for policymakers, utilities, and infrastructureFloating Nuclear offers a potential source of reliable, low-carbon electricity and heat (and, where possible, desalinated water) for locations where conventional energy systems are expensive, carbon-intensive, or physically impossible to build.