It will take a team effort that spans sectors and even industries to meet the United States’ goal of 30 GW of offshore wind by 2030, writes Greg Lennon, ABS Vice President, Global Offshore Wind.As the United States offshore wind (OSW) industry…
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Raytheon Anschütz Launches NautoPilot 5000NX
Raytheon Anschütz launched NautoPilot 5000NX, a new autopilot for ships which the company says combines unique algorithms for precise steering performance with a wide range of fuel-saving features. NautoPilot 5000NX displays all navigational…
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Tototheo Maritime Incorporates Starlink into its Portfolio
Tototheo Maritime added Starlink’s new low latency high speed connectivity to its portfolio of services. The agreement between Tototheo and Starlink was finalized in December 2022, and it will commence deployment of the Starlink Kits this month.With th...
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Cargo Ship Refloated After Grounding Near Istanbul
The cargo ship MKK 1, travelling from Ukraine to Turkey, was grounded in Istanbul's Bosphorus Strait on Monday and traffic in the strait was suspended for a few hours, shipping agents Tribeca said.Several tugs were among vessels sent to provide assista...
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DP World Predicts 15-20% Freight Rate Drop
DP World expects freight rates to drop by a further 15% to 20% in 2023 as demand slows, the Dubai-based global logistics company's deputy chief executive and chief financial officer Yuvraj Narayan told Reuters on Monday.Narayan said the first signs of ...
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Electricity Constraints Force Canada’s First LNG Terminal to Delay Renewable Shift
Shell PLC's LNG Canada export project in British Columbia plans to start building its proposed second phase with natural gas-powered turbines and switch to electricity as more renewable power becomes available, a top executive said, a decision…
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ABS Signs On Suez Canal’s Green Program
ABS and the Suez Canal Authority (SCA) signed a Memorandum of Understanding (MoU) to develop a long-term sustainability roadmap and decarbonization strategy for the canal, one of the world’s busiest shipping routes.The MoU will see ABS and SCA…
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Pelagic Partners Adds Secondhand LR Tanker
Pelagic Partners announced it has expanded its tanker fleet. The Cyprus-based investment fund said its Pelagic Yield Fund acquired the Summit Africa, a 73,500 dwt LR tanker built in 2009 at New Times Shipyard in Jingjiang, China. The vessel…
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Iranian Oil Exports End 2022 at a High, Despite No Nuclear Deal
Iranian oil exports hit new highs in the last two months of 2022 and are making a strong start to 2023 despite U.S. sanctions, according to companies that track the flows, on higher shipments to China and Venezuela.Tehran's oil exports have been limite...
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Exxon Set to Order Fifth Guyana FPSO, Sizing up More Blocks
Exxon Mobil Corp. is preparing to approve its fifth oil production project in Guyana and is considering taking additional exploration acreage, the head of its Guyanese operations, Alistair Routledge, told Reuters in an interview. The efforts…
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