Days after six NATO members agreed to start checking the insurance paperwork of Russia’s “shadow fleet” of tankers, Denmark’s military intelligence service warned that Russia may begin dispatching naval escorts to follow along with these high-risk vessels. Since the G7 “price cap” restriction on Russian oil shipping took effect in late 2022, Russia has built […]
The Vineyard Wind offshore wind farm being developed by Avangrid and Copenhagen Infrastructure Partners resumed blade installation last weekend five months after it was forced to suspend operations due to one blade fracturing. The project which is working with GE Vernova received permission from federal regulators for the work to proceed on a “case-by-case” […]
Iran’s oil exports are intimately linked to the Islamic Revolutionary Guard Corps’ military training and assistance programs in the Middle East, including the weapons transfers that enable Houthi attacks on Red Sea shipping. The IRGC’s share of Iran’s oil export volume now exceeds 50 percent, according to Reuters – even as the isolated nation’s oil […]
The twin ports of Los Angeles and Long Beach each achieved strong results in November which in part is being attributed to a range of geopolitical issues on top of continued strong consumer spending in the U.S. In what is typically a slower final month of the calendar year and into the New Year, both […]
The Norwegian government through its Enova SF project designed to accelerate environmental-friendly technologies awarded a total of approximately $108 million in funding to 14 projects for ammonia, hydrogen, and battery-powered ships and the supporting technologies. The awards were part of the latest round in ongoing programs conducted by Enova designed to ensure the shipping industry […]
On Wednesday, an Indian Navy fast response boat hit a ferry off the coast of Mumbai, killing 13 people. A massive search effort continued into Wednesday night to determine if there were any additional survivors. Navy officials told Indian media that the response boat was out on speed trials after undergoing an engine replacement. […]
The International Chamber of Shipping (ICS), the influential trade association that represents 80 percent of the world’s merchant fleet, has unanimously appointed long-time member and industry leader Thomas A. Kazakos as its next Secretary General. The group completed a seven-month search for a replacement for the retiring Guy Platten who led the organization for […]
Eastern Shipbuilding Group (ESG) initiated steel cutting at its Allanton Facility in Panama City, Florida for the first of four advanced escort tugs being built for Saltchuk Marine’s West Coast operations. Ordered in July 2024, the contract launched Salthchuk Marine’s comprehensive fleet renewal project. “Our team is excited to begin construction on these state-of-the-art escort […]
Japanese shipowner NYK has reached a deal with Eneos to buy conventional bunker fuel with attached carbon credits, or offsets. This will reduce NYK’s net emissions in years to come. Under the agreement, Eneos will purchase carbon credits from 1PointFive, an initiative of Occidental Petroleum and BlackRock. Each credit represents an equivalent amount of […]
Negotiations are reportedly underway between a local representative for a Chinese fishing vessel and tribal elders representing the pirates that seized a Chinese-owned fishing boat off the coast of Somalia. Associated Press is confirming local reports that said the demand is set at $10 million for the 18 crewmembers aboard the unnamed vessel after […]
In a move to empower the Micro, Small, and Medium Enterprise (MSME) sector, sKart Global Express has unveiled its digital sales portal. This platform is set to simplify logistics operations for MSMEs, offering a tailored suite of services designed to address their unique needs and challenges. With MSMEs forming the backbone of economies worldwide, the […]
Pharma.Aero, a global leader in cross-industry collaboration, announces the official release of the white paper detailing the findings of the Precision Therapy Logistics Project, addressing the unique challenges of transporting precision therapies. The groundbreaking initiative marks a significant step in ensuring the safe and effective delivery of life-saving personalized advanced treatments to patients worldwide. Explore the […]
