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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Ukraine and Russia: Accusations of Breaking Truce Agreements
Ukraine and Russia accused one another on Wednesday of flouting a truce on energy strikes brokered by the United States, and conditions set by Russia cast doubt over a planned ceasefire in the Black Sea.The United States announced separate agreements…
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NYCEDC Makes Additional $18 Million Investment to Upgrade Port Operations
New York City Economic Development Corporation (NYCEDC) announced the execution of three maritime infrastructure related contracts to upgrade port operations at the Brooklyn Marine Terminal. After decades of disinvestment, NYCEDC is committed to redeve...
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With Sea, Energy Truce in Play, Washington to Seek Easing Russia Sanctions
The United States reached deals on Tuesday with Ukraine and Russia on a truce in the Black Sea and a pause in attacks on energy facilities, with Washington also pledging to push for the lifting of some financial sanctions against Moscow.The…
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Delfin LNG, SEFE ink 15-year LNG Supply Deal
Delfin LNG and German company Securing Energy For Europe (SEFE) have signed a 15-year agreement for 1.5 million tons of U.S. LNG per annum, the companies said on Tuesday.Under the agreement, liquefied natural gas would be exported from floating…
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