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“Maritime Logjam: Russian Crude Oil Vessels Congest Near Chinese Waters Amid US Sanctions”
The Impact of US Sanctions on Russian Crude Oil in the Maritime Industry 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.
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“Middle East Oil and Product Shipping Demand Drives Tanker Rate Surge Amid Sanctions”
The Impact of U.S. Sanctions on Oil Shipping Rates and the Maritime Industry 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.
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“OTE Corp Secures $3.5M Contract for Ocean Thermal Energy Conversion Installation at US Army Base”
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…
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“Maritime Industry Under Scrutiny: Woodside’s CCS Plans Spark Greenwashing Allegations”
Introduction 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…
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“EMGS Set to Conduct New Offshore India Controlled Source Electromagnetic Survey”
EMGS Secures Major CSEM Survey Contract Offshore India Electromagnetic Geoservices (EMGS), a leading Norwegian offshore survey services firm, has recently secured a significant contract for a controlled-source electromagnetic (CSEM)
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“Global Maritime Freight Rates Soar Amid US Sanctions on Oil Shipping Industry”
Introduction 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…
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“Norway Bolsters European Energy Security with 53 New Offshore Oil and Gas Licenses”
The Norwegian Ministry of Energy’s recent award of 53 new production licenses underscores the country’s dedication to maintaining its key role as a stable energy supplier to Europe.
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“Wallenius Wilhelmsen Expands Maritime Presence with Terminal Takeover at Scandinavia’s Largest Vehicle Port”
Wallenius Wilhelmsen, a leading Oslo-based roll-on/roll-off (RoRo) shipping provider, has announced a strategic expansion of its logistics services, highlighting a significant development
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“Record-Breaking 2024 Temperatures: Implications for Maritime Industry and Global Shipping Routes”
2024: A Pivotal Year for Climate Change and the Maritime Industry The year 2024 has been confirmed by the Copernicus Climate Change Service (C3S) as the warmest on record globally. This alarming trend has significant implications for the maritime industry, which is particularly vulnerable to changes in sea surface temperature (SST), sea ice extent, and…
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“SeaTrac USV Successfully Completes Data Collection Project in the Gulf of Mexico”
Revolutionizing Oceanographic Data Collection in the Gulf of Mexico In the dynamic maritime industry, gathering oceanographic data is crucial for various operations. Recently, uncrewed surface vehicle (USV) manufacturer SeaTrac and underwater technology company Sonardyne collaborated to remotely measure currents and gather oceanographic data in the U.S. Gulf of Mexico’s Loop Current System (LCS). This innovative…
NeonHorizon
Exploring the horizons of the maritime industry.