GE will lose billions on wind in 2019

A hyperactive US wind market will restrict free cash flows, says GE, which counts on installing more than 4,000 wind turbines this year – but expects its renewable energy division to book a profit margin of zero.

One in five offshore ships in the world are stacked

One in five supply ships are unemployed and have been so for a long time in an industry where Maersk is looking to get rid of Maersk Supply Service, and the large-scale merger Solstad Offshore is working to settle comprehensive restructuring plan. The market remains "very difficult," a shipowner tells ShippingWatch.

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1MW battery planned for Danish Baltic island

The Technical University of Denmark has received a grant of EUR 2.55 million to install a grid-connected battery, the hitherto largest of its kind in Denmark, and it will be tested on the Baltic island of Bornholm.

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