The Johns Hopkins Applied Physics Laboratory (APL) in Laurel, Maryland, and the U.S. Coast Guard Research and Development Center (RDC) in New London, Connecticut, have signed a comprehensive memorandum of understanding (MOU) to team up on addressing…
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DeepOcean Wins Vessel Contract Extension in Mexico
DeepOcean won a contract extension with Diavaz for the vessel, Arbol Grande. The vessel will work on Inspection Maintenance and Repair (IMR) services in Mexico for the next five years.Arbol Grande is a construction and subsea vessel, delivered…
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Inside the Future of AI-Driven Weather Prediction
Volue and Jua announce a partnership to harness the power of AI driven weather predictionVolue announced a partnership agreement with Jua that the tandem see as revolutionizing weather prediction for the renewable energy market. The partnership…
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MOL Increases Stake in MODEC
Mitsui O.S.K. Lines, Ltd. completed the purchase on the market of 89,500 shares of common stock of MODEC, Inc. and along with the 10,162,300 shares already acquired in June 2023, MOL now holds a 15% stake in MODEC and will make it an equity…
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Marlink Upgrades Solstad Offshore Hybrid Network
Marlink extended its Sealink NextGen solution for Solstad Offshore to include a flexible fleet agreement for Starlink LEO services, aimed at increasing the flexibility to allocate data according to actual needs at any given time across the fleet.Marlin...
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Hess Guyana’s Value is Central to Exxon Mobile Spat
An arbitration panel that will decide a high-profile clash between Exxon Mobil and Chevron will delve into the secret value of Hess' oil riches in Guyana, people familiar with the matter said.Chevron last October offered to pay $53 billion for Hess…
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Mike Lynch and Morgan Stanley Chief focus of Divers’ Search after Vessel Lost
Divers scoured the wreck of a luxury yacht off Sicily's coast on Tuesday to find six missing people, including British tech entrepreneur Mike Lynch and a Morgan Stanley executive, following an intense storm that sank the vessel on Monday.The British-fl...
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Canada Pays Tribute to Inuit Culture with Icebreaker Names
Canada’s Minister of Fisheries, Oceans and the Canadian Coast Guard, Diane Lebouthillier, has released the names of the Canadian Coast Guard’s two future Polar Icebreakers: the CCGS Arpatuuq and CCGS Imnaryuaq.The vessels’ names were chosen…
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Claus Winter Graugaard Dies Aged 51
Claus Winter Graugaard suddenly passed away on July 30 at age 51.Graugaard was widely recognized as a pivotal leader both at the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping and in the broader maritime industry. Since joining the Center's lea...
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ZIM on Track for Double-Digit Volume Growth
ZIM Integrated Shipping Services has announced a net income for the second quarter of 2024 of $373 million (compared to a net loss of $213 million in the second quarter of 2023).The company’s adjusted EBITDA for the second quarter was $766 million, a y...
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