The maritime industry is under scrutiny as NOAA Fisheries withdraws a proposed vessel speed rule update aimed at protecting the critically endangered North Atlantic right whales. This development has sparked concern and criticism from marine conservation groups, emphasizing the urgent need for action to prevent vessel strikes and support marine conservation efforts. (more…)
The maritime industry is currently navigating through tumultuous waters, as geopolitical tensions and weather conditions exert significant pressure on global oil markets. The U.S. sanctions on Russia and Iran, coupled with extreme weather events, have driven Brent crude futures to a four-month high, highlighting the need for industry stakeholders to stay informed and adaptable. (more…)
The maritime industry witnessed a significant milestone in 2024 as marine fuel sales reached unprecedented heights at the world’s largest bunker hub, Singapore. Driven by record container throughput and an increased uptake of alternative marine fuels, this development underscores Singapore’s pivotal role in the global maritime sector. (more…)
NATO has launched “Baltic Sentry,” a major maritime security operation in the Baltic Sea, to address suspicious incidents targeting critical undersea infrastructure. This initiative underscores NATO’s commitment to (more…)
The maritime industry is facing significant challenges as US sanctions on Russian energy flows disrupt the flow of Russian crude oil, particularly off the Chinese coast. (more…)
The maritime industry is witnessing a significant shift as oil shipping rates surge due to wider U.S. sanctions on Russia’s fleet and increasing demand for vessels to transport Middle East oil to Asia. (more…)
The maritime industry is increasingly focusing on sustainability and energy security, with innovative solutions like Ocean Thermal Energy Conversion (OTEC) systems taking center stage. Recently, Ocean Thermal Energy Corporation (OTE Corp) partnered with Johnson Controls to demonstrate the viability of a 17.5 MW OTEC system at the U.S. Army Garrison – Kwajalein Atoll (USAG-KA). This initiative is part of Johnson Controls’ Deep Energy Retrofit Assessment program, aimed at enhancing energy independence for the remote military installation. (more…)
The maritime industry is abuzz with discussions surrounding Woodside Energy’s proposal for carbon capture and storage (CCS) as part of its Browse project off Western Australia. The Australian government’s recent call for public consultation on this matter has sparked opposition from environmental groups, highlighting the need for a comprehensive review of the potential environmental impacts. (more…)
Electromagnetic Geoservices (EMGS), a leading Norwegian offshore survey services firm, has recently secured a significant contract for a controlled-source electromagnetic (CSEM) (more…)
The maritime industry is witnessing significant shifts due to geopolitical developments. Recent
U.S. sanctions on Russia’s oil industry have sent ripples through the market, driving up Oil Shipping Rates and impacting Freight Rates for Supertanker vessels. This post explores the implications of these sanctions, the response from major players like China and India, and the subsequent effects on the maritime sector.