Bob Dylan might have thought the answer was blowin' in the wind, but this week for some high profile names it was cash the wind was blowing in.
Not only was the Edda Wind IPO in Oslo oversubscribed, but one of its backers John Fredriksen also filed for a $250m green energy Spac in the US.
Others were hit by crosswinds, including the long-standing financial engineering duo of Emanuele Lauro and Robert Bugbee who saw their investors turn the screw on them despite raising $175m in a 're-IPO' of wind installation neophyte Eneti.
Some of those same investors may have reason to swallow even harder over Eneti's latest $330m wind installation newbuild after reading about crane accident on Seaway 7's own Chinese newbuild where the crane collapse in an 'uncontrolled manner'.
Sizzling markets
Meanwhile, the hot S&P market keeps boiling with pre-sale inspections soaring, big Greek names stepping in, and even some smaller names tripling their money with nimble asset play.
As for newbuildings it's LNG that's keeping the market moving, and Qatar is taking the first berths in its world-beating mega-order. But is Hyundai Heavy Industries in the freezer with Qatar due to its Saudi joint shipbuilding venture?
Oystein Kalleklev at Flex LNG was happy to shout about its results driven by booming demand, but others are suffering from the high LNG price with Viking Lines putting the Viking Grace back on smelly and polluting marine gasoilto save money.
But at least we might have a clearer picture of the real LNG emissions picture with a new reporting and offsetting framework.
Decision day for carbon
Which brings us to the echoing conclusions of COP26 and next week's landmark MEPC meeting at IMO where nations will need to show they intend to start doing stuff. But are we asking the right questions about decarbonisation?
All that's in the future. Dealing with the here and now, such as the US supply chain crisis and queues of ships off California is falling to Transport Secretary Pete Buttigieg, and his colleague Rebecca Dye at the FMC.
Technology may help, but more likely supply chains will remain stretched while we keep buying so much stuff.
