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Vietnam picks Vingroup unit for offshore wind project

Vietnam’s authorities selected a newly created subsidiary of real estate conglomerate Vingroup to develop the first phase of one of the country’s largest offshore wind power projects, excluding Morgan Stanley-backed German renewable firm PNE which said the decision came as a surprise. It is the latest setback for foreign investors in Vietnam’s energy sector, after […]

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Cargo ship runs aground near Sweden’s Varberg Port

Plans are being drafted for the ship’s refloating in collaboration with the Swedish Coast Guard, which has also begun conducting an investigation to determine whether the incident was the result of negligence. The 2024-built CL Flanders is owned by Antwerp-based shipping company the Conti-Lines Group. Like her sister ship CL Nogaroshe has been operating primarily […]