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Coal’s obituary may have been written too early. That was the unmistakable conclusion from last month’s coal session at Geneva Dry, where shipowners, analysts and operators argued that the escalating Hormuz crisis has radically altered the outlook for seaborne coal and, with it, dry bulk shipping demand. Moderated by Benjamin Wilkes, COO of d’Amico Dry, …
https://splash247.com/coal-is-no-longer-a-dirty-word-but-an-energy-security-asset/
https://splash247.com/coal-is-no-longer-a-dirty-word-but-an-energy-security-asset/The Australian Renewable Energy Agency (ARENA) has announced the shortlisted projects for Round 2 of the Hydrogen Headstart Program, marking a major step forward in scaling Australia’s renewable hydrogen industry. The projects selected to progress…
https://www.marinelink.com/news/australia-shortlists-renewable-hydrogen-539231
https://www.marinelink.com/news/australia-shortlists-renewable-hydrogen-539231The substructures for fixed offshore wind turbines weigh thousands of tonnes. Only about five vessels in the world can lift that much weight. So now researchers are testing an alternative: an unusually wide barge.Using experience gained from the oil and gas industry…
https://www.marinelink.com/news/wide-barge-reduce-crane-needs-turbine-539232
https://www.marinelink.com/news/wide-barge-reduce-crane-needs-turbine-539232FarSounder has expanded the capabilities of its Argos Forward Looking Navigation Sonar (FLS) with an integration with Tocaro Blue’s ProteusCore™ software.This new integration brings AI-powered radar perception to FarSounder’s SonaSoft™ LT navigation software…
https://www.marinelink.com/news/ai-technology-boosts-farsounder-539233
https://www.marinelink.com/news/ai-technology-boosts-farsounder-539233Palaemon Maritime’s maritime security report this week points to some of the clearest indicators yet that piracy activity off Somalia is escalating again.“Taken alone, these incidents might appear isolated. Taken together, they point to something…
https://www.marinelink.com/news/somali-piracy-rise-539235
https://www.marinelink.com/news/somali-piracy-rise-539235Oil prices rose Friday as market concerns persisted over ship attacks and seizures despite Iran saying about 30 vessels had passed through the Strait of Hormuz, while the U.S. and Chinese presidents were set for a second day of talks in Beijing.Brent crude oil futures LCOc1 rose 60 cents…
https://www.marinelink.com/news/oil-prices-rise-amid-fears-ship-attacks-539237
https://www.marinelink.com/news/oil-prices-rise-amid-fears-ship-attacks-539237South Korean shipowner Pan Ocean has stepped up its expansion in the crude tanker market with an order for four very large crude carriers (VLCCs), extending a steady shift beyond its traditional dry bulk roots. The Harim Group-controlled company disclosed in a stock exchange filing that it plans to invest KRW783.4bn ($525m) in the quartet …
https://splash247.com/pan-ocean-expands-crude-tanker-push-with-four-vlcc-newbuilds/
https://splash247.com/pan-ocean-expands-crude-tanker-push-with-four-vlcc-newbuilds/The Federal Maritime Commission is seeking applications for new members for the National Shipper Advisory Committee (NSAC).NSAC is a federal advisory committee that provides information, insight, and expertise pertaining to conditions in the ocean freight delivery system to the Commission.
https://www.marinelink.com/news/fmc-opens-applications-new-nsac-members-539218
https://www.marinelink.com/news/fmc-opens-applications-new-nsac-members-539218Malaysia's defence minister said on Thursday the country planned to claim compensation and was considering legal action over Norway's decision to revoke export approvals for a naval strike missile (NSM) system intended for Malaysian combat ships.In an escalating diplomatic row…
https://www.marinelink.com/news/malaysia-seeks-compensation-scrapped-539219
https://www.marinelink.com/news/malaysia-seeks-compensation-scrapped-539219U.S. import prices surged in April, with the cost of fuels posting the largest increase in four years, another indication that the U.S.-backed war with Iran was boosting inflation.Import prices increased 1.9% last month after an upwardly revised 0.9% rise in March…
https://www.marinelink.com/news/us-import-costs-rise-april-fuel-sees-539220
https://www.marinelink.com/news/us-import-costs-rise-april-fuel-sees-539220