Latest News for: offshore rates

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Chinese turbine manufacturers lead in taking products to foreign shores

ECNS 23 Apr 2024
Average offshore turbine ratings in China surpassed Europe in 2023 with 9.5 mW and 9.4 mW, respectively, while in onshore, Chinese OEMs leapfrogged Western peers by installing 5.4 mW versus 5.1 mW, respectively, according to Wood Mackenzie.
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China’s Noah to Hire 50 to 100 Wealth Managers in Hong Kong, Singapore

Hindustan Times 23 Apr 2024
Noah sees a mix of demand from wealthy Chinese for onshore and offshore products. With higher US rates, there has been demand for offshore fixed term deposit, insurance plans and money market funds, said Pan.
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UK energy sector’s ticking time-bomb to hit net-zero targets

The National 23 Apr 2024
If interest rates stay high, energy costs will rise rather than fall in the years ahead.” ... The foundation also said higher interest rates mean nearly half of the total cost of a new offshore wind project is now due to the cost of capital.
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New York scraps three offshore wind projects

Splash24/7 22 Apr 2024
Rhode Island Energy recently pulled out of its PPA with Ørsted and Eversource for the Revolution Wind 2 offshore project due to higher interest rates, and increased expense, stating that the project had become uneconomical.
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Europe’s ‘coffee capital’ is a hidden gem Italian city with flights for just �48

Metro UK 22 Apr 2024
Getty Images/iStockphoto) ... Sound familiar? ... Inside the £4billion floating theme park built on an offshore oil rig ... Booking.com hotel prices (for a 3* hotel, rated ‘fabulous’ stay) start from around £139 for two nights in May, compared to £204 in August.
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De-dollarization is not working out in China, where businesses are hanging onto their US dollars

Business Insider 18 Apr 2024
... is due to the yuan's weakness against the US dollar and higher offshore interest rates.The potential for "yuanisation" remains, given China's expanding trade ties and financial infrastructure.
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Interest rates: Borrowers try to second guess Reserve Bank

RNZ 18 Apr 2024
... if and when mortgage rates drop ... Rate cut timing uncertain ... Other factors matter, such as offshore financing rates, but lower mortgage rates look more likely to occur in 2025 than 2024 at this stage.".
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Global wind power saw record growth in 2023

WPTV 17 Apr 2024
The Global Wind Energy Council reports that 2023 saw 117 gigawatts of new wind power brought online, the highest annual rate of growth on record ... New York's first offshore wind farm may be the future of energy.
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‘I hate wind’: Trump rails against wind energy in fundraising pitch to oil execs

The Day 17 Apr 2024
His stance poses a potential threat to one of the linchpins of America’s clean-energy transition, according to more than a dozen Trump allies, energy experts and offshore wind industry officials ... offshore wind farm in 2019.
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KWAP’s RM1.8bil sent abroad without due diligence, court told

The Star 17 Apr 2024
SRC Interna­tional Sdn Bhd had failed to perform ...
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Offshore revival pulling in fresh capital from shipowners and private equity

Tradewinds 16 Apr 2024
A renewed momentum in the offshore market has increased ...
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Optimarin Buys BWTS Competitor Hyde Marine

The Maritime Executive 16 Apr 2024
Hyde's Guardian ultra-violet (UV) systems are designed for smaller vessels with lower ballast flow rates, such as offshore support vessels, container ships, cruise ships and small tankers ... flow rates).
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ANALYSIS-China’s cycle of dollar hoarding and weakening yuan gets vicious

Philenews 16 Apr 2024
Regular inflows from domestic exporters have dried up, as businesses choose to park their dollars offshore in deposits that earn them 6%, compared to 1.5% on yuan deposits at home, and just wait for better exchange rates.
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Iran-Israel explosion blows Asia’s Fed hopes asunder

Asiatimes 15 Apr 2024
That, in turn, reduces the odds of Fed rate cuts in ways that imperil Asia’s economic outlook in 2024 ... In March, the consumer price index rose at a faster-than-forecast 3.5% annual rate ... cut rates now.
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