Deep within the Arctic North, in the ginormous expanse of Russia, a new plan swirls like an impending snowstorm. Nestled on the cusp between the mesmerizing White Sea and the unyielderable Barents Sea, the dynamic port city of Arkhangelsk prepares to outline a new chapter in its maritime history. The city’s blueprint for an innovative […]
Reinventing the Northern Port: A New Vision for Arkhangelsk Read More »
Global pricing of liquefied natural gas (LNG) may experience a significant downward shift by the end of this decade. This projection comes from a top executive in the energy industry. A Word from TotalEnergies Leadership The Chief Executive Officer of French multinational energy corporation TotalEnergies, Patrick Pouyanne, issued this prediction. Pouyanne discussed the prospect of
Anticipating a Decline in LNG Prices Globally by End of Decade Read More »
Breathing New Life into Ukraine’s Sea Freight Operations The establishment of an innovative corridor, open to cargo vessels transporting Ukrainian grain and iron ore from Black Sea ports, has resulted in a significant reduction in freight charges. Even better news is that these rates are predicted to dip further. According to an update from Ukraine’s
Pelagus 3D, a major innovative force that is set to disrupt the international maritime and offshore services market, premiered last Friday in Singapore, showcasing a 3D-printed spare part by CCO Håkon Ellekjær. This venture is a synergistic alliance between industry heavyweight Wilhelmsen and engineering juggernaut Thyssenkrupp, announced on September 29. Defining a New Era: The
A commitment to the preservation of our planet’s future has been mirrored in impressive action by 30 banking signatories to the Poseidon Principles. This global framework for green ship financing has seen these global banking titans collectively align their respective reporting with the new climate targets discussed and agreed upon at the Marine Environment Protection
Navigating Towards Sustainability: Global Banks Align with Green Maritime Goals Read More »
Australia has declared a $20 million aid to facilitate the much-desired revamp of Nuku’alofa Port in the Kingdom of Tonga. The Asian Development Bank previously sanctioned a $45 million grant in 2020 for the very initiative. Nevertheless, a sum total of $88 million is necessary for the project’s fulfillment. The Australian government has thus signed
Australia Steps Up as Saviour to Tonga’s Ailing Port Infrastructure Read More »
Tackling Climate Change: A Novel Solid Oxide Fuel Cell System In a bid to revolutionize the shipping industry, Alma Clean Power, Odfjell, and DNV achieved a notable feat this week in the progress of deploying a solid oxide fuel cell system. The ambitious plan is to mount this technological marvel on a chemical tanker before
Revolutionary Fuel Cells: A Greener Pathway for Deep-Sea Shipping Read More »
High-Efficiency Multipurpose Vessels Headline Skarv’s New Order In a striking advancement for the maritime industry, Norway’s prominent firm, Skarv Shipping, has recently contracted Huanghai Shipbuilding, a renowned entity in China, for four advanced 7,000 DWT vessels. Each vessel is designed with the potential capability to convert to methanol or ammonia propulsion, nudging towards a more
At the forefront of marine technology, Praxis Automation, an industry pioneer in dynamic positioning systems, ship automation, and electrical propulsion, has inked a landmark deal to upgrade the vessels of Saudi Arabian company, Rawabi Vallianz Offshore Services (RVOS). This agreement will see a total of 59 vessels endowed with the latest Praxis DP-2 systems, paving
A Record-Breaking Drug Haul The recent interception and boarding of a bulk carrier christened “Matthew” in open waters has brought the largest maritime drug bust in Ireland’s history. The investigation led by the Garda National Drugs and Organised Crime Bureau led to the recovery of over two tonnes of concealed cocaine. With a minimum street
Historic Maritime Drug Bust: Ireland Seizes Two Tonnes of Cocaine Read More »
