Poging GOUD - Vrij
Vessel orders decimated by Trump's bid to wipe out offshore wind sector
The Straits Times
|October 24, 2025
Shipbuilders, port operators unintended victims of U-turn on green investment plans
-
US shipbuilders and port operators are getting hit in the fallout from President Donald Trump's campaign to wipe out the offshore wind industry, suffering hundreds of millions of dollars in lost government support, vanishing vessel orders and an uncertain future for the billions of dollars worth of investments.
The impact represents an unintended consequence of his policy on the offshore wind industry, which has included stop-work orders and permit reviews for massive projects that were spurred by former president Joe Biden's green investment policy.
Mr Trump calls offshore wind an unsightly and inefficient technology that harms whales and birds.
But he is also a huge supporter of US maritime industries that he views as crucial in the global competition for trade and military dominance of the high seas.
"He has a counterproductive argument," said Mr Joe Orgeron, a Republican Louisiana state representative and former offshore vessel business owner, who pointed out that the offshore wind industry was responsible for many ship orders in recent years.
"That all came to a sudden halt, unfortunately."
Reuters interviewed 13 port representatives, shipbuilders and trade groups over the knock-on impacts of Mr Trump's policy moves targeting offshore wind.
Orders for new offshore wind service vessels - designed to carry workers and huge turbines offshore or to lay undersea cables - have disappeared, according to trade group Oceantic Network. This followed a busy 2024 that saw the launch of at least 10 US vessels built to serve offshore wind.
Existing vessels are being sold off, or considered for redeployment to other global regions.
Dit verhaal komt uit de October 24, 2025-editie van The Straits Times.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN The Straits Times
The Straits Times
New pathway for kidney transplants: Donations after the heart stops
From 2020 to 2024, a total of 12 patients received kidney donations from donors who died of cardiac arrest, in a practice that has now been implemented nationwide, said the Ministry of Health (MOH).
3 mins
October 26, 2025
The Straits Times
How will we spend our time when Al and the robots take over?
Meaningful leisure may be the answer.
2 mins
October 26, 2025
The Straits Times
Cocktails under $10 at Jakarta's best bars
It looks like an ice cream parlour from the street and, indeed, Hats Sorbet functions as one, complete with housemade cones and a handful of seats this is no throwaway shopfront.
2 mins
October 26, 2025
The Straits Times
MATCHA MANIA BOILS OVER
Over four centuries, Japan built a tradition of drinking matcha that was based on four principles: wa, kei, sei and jaku, or harmony, respect, purity and tranquillity.
3 mins
October 26, 2025
The Straits Times
Lift your glasses to free-flow booze
More restaurants are offering all-you-can-drink deals in a bid to entice diners
8 mins
October 26, 2025
The Straits Times
Bannon claims there's a plan for Trump to run for third term
Pro-Trump podcaster Steve Bannon, who briefly served as US President Donald Trump’s White House chief strategist in his first term, has publicly thrown his support behind the President’s talk of seeking a third term, in defiance of a constitutionally mandated two-term limit.
2 mins
October 26, 2025
The Straits Times
Young bodybuilders help lift Japan's ailing care sector
Fit young men put muscles to good use in return for perks including paid gym time
3 mins
October 26, 2025
The Straits Times
Black Cats in 2nd spot after stunning Blues
LONDON - Sunderland climbed to second in the English Premier League as Chemsdine Talbi's stoppage-time winner stunned Chelsea 2-1 at Stamford Bridge, while Newcastle United also struck late to beat Fulham 2-1 on Oct 25.
2 mins
October 26, 2025
The Straits Times
All the stars are aligned for Olivia's Way
RACE 1 (1,400M) (1) MONKEY PUZZLE has found one too good in his Highveld appearances over sprint distances.
3 mins
October 26, 2025
The Straits Times
Turks, Indonesians or others? Race is on to find troops to police Gaza
Senior US officer likely to head stabilisation force but its composition yet to be decided
4 mins
October 26, 2025
Listen
Translate
Change font size

