ABB has secured a contract with the West Sea Shipyard located in Viana do Castelo, Portugal to equip six new offshore patrol vessels (OPVs) of the Portuguese Navy with an integrated power, propulsion, and automation system designed to ensure optimal ef...
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CIMAC Releases FAQs For Methanol as Marine Fuel
CIMAC WG 7 Fuels has released a new guideline titled “Frequently Asked Questions (FAQ) - ISO 6583:2024: Methanol as a Fuel for Marine Applications – General Requirements and Specifications.”With the publication of ISO 6583:2024 in November 2024…
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BP Mulls Shedding two US Offshore Stakes
BP is exploring the sale of minority stakes in two of its most valuable Gulf of Mexico oil projects — Kaskida and Tiber — as the energy giant recalibrates its strategy to prioritize oil and gas, according to two sources familiar with the matter.The…...
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New Product: Dinnteco Lighting Protection
Dinnteco America, aleader in lightning protection technology, announced today its latest solution for the marine, military, energy and transportation industries – the Electromagnetic Charge Compensation Device (DDCE).The DDCE is designed to…
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UN: Freedom of Navigation in the Black Sea is Crucial to Global Food Security
An agreement on freedom of navigation in the Black Sea to ensure the protection of civilian vessels and port infrastructure "will be a crucial contribution to global food security and supply chains," U.N. spokesperson Stephane Dujarric said…
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Baltic Index Hits Two-Week Low
The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, marked its lowest level in two weeks on Wednesday, pulled down by weaker capesize rates.* The main index, which factors in rates for capesiz...
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PEAK Wind Enters into OMA to Oversee Wind Farm Operations
Fengmiao I, a 495 MW offshore wind farm, has reached a financial close. The project is owned by Copenhagen Infrastructure Partners (CIP) through its fund Copenhagen Infrastructure V (CI V).PEAK Wind has entered into an Operations Management Agreement (...
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Chicago Wheat Rises Amidst Black Sea Security Deal Uncertainty
Chicago wheat futures were hesitant on Wednesday after Russia said that a number of conditions must be met before a Black Sea security deal with Ukraine can be activated, further questioning the agreement's impact on exports from the region.However…
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Russian Oil Freight Rates From Baltic Ports to India Ease
Freight rates for Russian oil supplies from its Baltic ports to India are declining from recent record highs amid an increase in offers from Western shipowners after Urals crude oil prices fell below a price cap of $60 per barrel, two traders said.The ...
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Dinnteco America Announces Electromagnetic Charge Compensation Device
Dinnteco America, leader in lightning protection technology, announced its latest solution for the marine, military, energy and transportation industries—the Electromagnetic Charge Compensation Device (DDCE).The DDCE is designed to prevent direct…
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