Brazilian President Luiz Inacio Lula da Silva has signed into law a bill authorizing the development of offshore wind farms, a statement said late on Friday, a bid to strengthen the country's energy security and spark a wave of investment.The…
Read more
New Sanctions Expected to Have Severe Consequences for Russia
Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow's top customers, traders and analysts said.T...
Read more
SECNAV Nominee Meets with Senator Wicker
U.S. Senator Roger Wicker, R-Miss., the chairman of the Senate Armed Services Committee, today met with President-elect Donald J. Trump’s nominee to be the 79th Secretary of the Navy, John Phelan.In the meeting, Chairman Wicker and Mr. Phelan…
Read more
Sails on an OPV? Vessel Design, with French Flair
Generally, government owned vessels, particularly ones engaged in law enforcement, are seemingly last in line when it comes to fuel efficiency. Not so in France, as the Directorate General for Maritime Affairs, Fisheries and Aquaculture (DGAMPA)…
Read more
Josephides named Director General, Cyprus Shipping Chamber
The Cyprus Shipping Chamber announced that its Board of Directors has unanimously decided to appoint its current Deputy Director General / Marine Manager, Alexandros Josephides, as the next Director General.Josephides will succeed Thomas A.
Read more
Israel Bombs Houthi-controlled Power Station, Ports
Israeli warplanes bombed a power station and two ports in Houthi-controlled Yemen on Friday in retaliation for Houthi drone and missile strikes against Israel, and pro-Houthi media said at least one person had been killed and nine wounded.Israeli…
Read more
Baltic Index Gains Again on Capesize Strength
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a second straight session on Friday, steered by strong gains in the capesize vessel segment.The index, which factors in rates for cap...
Read more
Germany Secures Drifting Tanker off Baltic Coast
A tugboat has stopped a tanker carrying around 99,000 metric tons of oil from Russia from drifting out of control off Germany's Baltic Sea coast near the island of Ruegen, emergency services said on Friday.The 274-metre (899-foot) Panama-flagged tanker…
Read more
BOEM Boosts Monetary Penalties for Oil & Gas firms
Today, the Bureau of Ocean Energy Management (BOEM) announced a final rule that implements the 2025 inflation adjustments for the maximum daily civil monetary penalties contained in BOEM regulations in accordance with Federal law.The Federal…
Read more
NRF: Import Cargo to Remain Elevated in January
A potential strike at East Coast and Gulf Coast ports has been avoided with the announcement of a tentative labor agreement, but the nation’s major container ports have already seen a surge in imports that is expected to continue because of potential i...
Read more