Back in 2008 as the global financial crisis gripped the world, China’s government announced a vast RMB4trn ($586bn) stimulus package, aiming the money at infrastructure spending on items like railways and airports. The announcement came as China’s president Hu Jintao set off to meet US president...
https://splash247.com/beijing-opens-to-cash-reserves-to-the-relief-of-dry-bulk-owners/
Hapag-Lloyd has increased the lower end of its profits forecast for 2024 to a range of $2.2bn to $3.3bn, its previous forecast being a range of $1.1bn to $3.3bn. Its first quarter revenues were $4.6 bn with profits of $325m, compared to $6bn and $2bn a year earlier. The increased profits forecast...
The Houthis continued their strikes on merchant ships, often targeting vessels much further away from their coastline than in the past with threats made to spread their attacks into the eastern Mediterranean. May also Houthi strikes at merchant shipping surpass the 100-vessel mark. The Dali, the...
Hydrogen has long been claimed as one of several possible energy sources that might play a pivotal role in the energy transition, but the scarce element comes with a carbon footprint that does not justify the cost of producing it. Nearly all hydrogen is currently produced as grey using fossil...
https://splash247.com/how-vast-untapped-resources-of-hydrogen-could-change-shipping/
A good headline, a concise, clear opening couple of lines and a punchy quote will get you a long way from my inbox onto a headline in Splash. Better still, a decent picture really does help sell a story. However, while I used to be a fan of them in the past, I am getting …
Saudi Aramco published its Q1 2024 results which showed net income down to $27.3bn from $31.9bn a year earlier. Aramco is investing mostly in gas, renewables and downstream as Saudi Arabia tries to reorientate its national budget away from oil revenues. Despite Saudi Arabia’s efforts to reduce OPEC...