Ørsted To Pioneer Deployment Of GE’s Next Generation, World’s Largest Offshore Wind Turbines


Ørsted, the world-leading offshore wind developer, has selected GE Renewable Energy as the preferred turbine supplier for two of its US offshore wind farms which marks the world’s first commercial deployment of GE’s Haliade-X 12MW offshore wind turbine.

Subject to final agreed and signed contract and all required project approvals, Ørsted will deploy Haliade-X 12MW wind turbines on the two offshore wind farms constituting Ørsted’s Mid-Atlantic cluster:

  •  Skipjack (120MW) off the coast of...


Indian Register of Shipping (IRClass) makes its mark at London International Shipping Week

Leading classification society, the Indian Register of Shipping (IRClass), held two very successful events during London International Shipping Week (LISW). On the first day, a Roundtable panel made up of some of the industry’s most respected senior level decision makers, discussed key industry...


GLOBAL & REGIONAL DAILY (Thursday, 19 September 2019)



September 19, 2019

Global Markets

As was widely expected, yesterday the Fed cut its target range for the federal funds rate by 25bps to 1.75-2.00%. The lack of clear hints for further Fed rate easing favored the USD, while the 2/10-yr UST yield curve flattened.


The Asset Protection Scheme (APS) for the reduction of NPLs – recently named “Hercules project” by the Greek government – has been submitted to DG Comp for approval. According to the Greek government...


Storm Imelda Floods Communities, Disrupts Shipping in Beaumont

The U.S. Coast Guard is helping local authorities with emergency response efforts after Tropical Depression Imelda dumped dozens of inches of rain near Beaumont, Texas. Vessel traffic on the busy Beaumont Ship Channel has halted due to the severe storm conditions, the USCG said, and ExxonMobil's Beaumont petrochemical plant has temporarily closed. 

Shallow water response teams from Marine Safety Unit Baton Rouge as well as helicopters from Air Station Houston are on standby to respond to...


MacGregor secures orders worth more than EUR 20 million for projects in Europe and Asia

MacGregor, part of Cargotec, has secured orders to provide MacGregor products to a Naval project in Europe and TTS products to a RoRo project in Asia. The total order value is more than EUR 20 million and the contracts include ramps, car deck and lifting platform equipment. The orders were booked...