Debt Ceiling Deal Boosts Oil Prices The recent formalization of the US debt ceiling deal by Congress spurred a 2% increase in oil prices on Friday. This hike was bolstered by the unexpected rise in American employment numbers. Brent crude settled at an uptick of 2.4% at $76.13 per barrel, while West Texas Intermediate (WTI) […]
Oil Prices Soar as Debt Ceiling Deal Unfolds and Employment Surprises Read More »
A New Era for Canada’s Icebreaking Fleet Canada’s Seaspan Shipyards has announced that the preparations for constructing the country’s first heavy polar icebreaker in more than six decades have officially commenced. The shipyard, located near Vancouver in British Columbia, has started cutting the inaugural steel segments in a test block. This step is crucial to
Oil Siphoning in Full Swing On Monday, a significant milestone was reached as the last remaining oil from the sunken tanker Princess Empress began to be siphoned off the coast of Oriental Mindoro in the Philippines. Dive support vessel Fire Opal arrived at Calapan, chartered by Malayan Towage and Salvage, under contract to Princess Empress’
Salvage Operation Resumes for Sunken Tanker Princess Empress Read More »
A Dive into subsea hydrogen storage A promising Scottish government initiative is funding an innovative project focused on undersea hydrogen storage to foster large-scale offshore hydrogen production. The Port of Aberdeen, collaborating with Subsea7, is spearheading this initiative as one of 32 projects set to receive a shared £7 million ($8.7 million) grant aimed at
Unlocking the Potential of Undersea Hydrogen Storage in Offshore Production Read More »
Eni, a leading global energy company, has partnered with classification society RINA to engage in green-fuel initiatives, specifically focusing on the maritime bunkering market. Both companies are committed to advancing energy transition through sustainable solutions. Exploring Sustainable Biofuel Solutions The collaboration centers around Eni’s hydrotreated vegetable oil (HVO) biofuel, produced at Venice and Gela bio-refineries.
Harnessing the Winds Capturing energy from the winds along the coastlines of the United States could potentially more than double the country’s electricity production. The Biden administration recognizes this vast, clean-energy potential as key to achieving its ambitious climate goals of 100% carbon-emissions-free electricity by 2035 and a net-zero emissions economy by 2050. With a
The Untapped Power of Offshore Wind: America’s Next Energy Frontier Read More »
The Resurgence of the Cargo Shipping Industry The global cargo shipping market, which entails transporting goods and products using cargo ships, has experienced significant growth in recent years. Expected to grow at around 5% during the forecast period, this highly competitive industry boasts a mix of major multinational corporations and smaller local players. Factors such
Sailing Towards Progress: Unraveling the Global Cargo Shipping Market Read More »
Born and raised in Mwea, Nancy Karigithu, a renowned maritime expert, first developed her love for the sea by playing with paper boats in puddles. Her enthralling journey in the maritime sector has now led her to become one of the seven contenders for the prestigious secretary general position at the International Maritime Organization (IMO).
Path of the Paper Boats: Nancy Karigithu’s Journey to the Maritime World Read More »
The Path to a Greener Future As the quest for a sustainable future continues, the world faces a challenge: delivering renewable energy to areas with geographical disadvantages. Enter PowerX, a Japan-based startup that has come up with the world’s first electric battery tanker, ingeniously named “X.” This innovative vessel is designed to transport clean energy
Seafaring the Sustainable Way: The Groundbreaking Electric Battery Tanker Read More »
Nike has revealed its latest environmentally friendly initiative: a unique hydrogen-powered inland container ship named “H₂ Barge 1.” The first of its kind, this innovative vessel will transport Nike products between Rotterdam in the Netherlands and the company’s Belgian logistics campus. Reducing Emissions and Aiming for a Sustainable Future The H₂ Barge 1 is expected
Nike Enters the Realm of Eco-Friendly Shipping with Hydrogen-Powered Barge Read More »
