IMO's Credibility Put to the Test

The IMO will reconvene in London on March 31 and April 1, for a crucial two-day Intersessional Working Group on Greenhouse Gas (ISWG-GHG 19) meeting. The meeting sets the stage for a decision on a GHG pricing mechanism by the Marine Environment Protection Committee 83 (MEPC 83) on April 7-11 on the future of shipping’s climate responsibility.The 6PAC+ alliance, a group of Pacific, African and Caribbean States…
US to Evaluate Russian Demands for Black Sea Ceasefire

The United States will evaluate demands made by Russia after Moscow had agreed "in principle" to a U.S.-brokered ceasefire with Ukraine in the Black Sea to allow safe navigation, U.S. Secretary of State Marco Rubio said on Wednesday.The U.S. announced separate Black Sea agreements with Ukraine and Russia on Tuesday - following talks in Saudi Arabia - to ensure safe navigation, stop attacks, and prevent the use of commercial vessels for military purposes.Russia invaded Ukraine in February 2022.
US Fossil Fuel, Farm Groups Rail Against Trump Port Fee Plan

Fossil fuel and agriculture industry executives on Wednesday criticized a plan by President Donald Trump's administration for big fees on China-linked ships entering U.S. ports, arguing at a hearing in Washington that the move would hobble their ability to export everything from coal to soybeans.The proposed fees on China-built vessels could top $3 million per U.S. port call.The administration says the fees would curb China's commercial and military dominance on the high seas and promote a U.S.
BP Mulls Shedding two US Offshore Stakes

BP is exploring the sale of minority stakes in two of its most valuable Gulf of Mexico oil projects — Kaskida and Tiber — as the energy giant recalibrates its strategy to prioritize oil and gas, according to two sources familiar with the matter.The potential divestments could involve selling up to 50% of each project, which are estimated to be worth billions of dollars, the sources said. Discussions are still in the early stages…
New Product: Dinnteco Lightning Protection

Dinnteco America, aleader in lightning protection technology, announced today its latest solution for the marine, military, energy and transportation industries – the Electromagnetic Charge Compensation Device (DDCE).The DDCE is designed to prevent direct lightning strikes by gathering positive charges from its immediate environment, while also gathering negative charges from the clouds and air. The combined charges are then neutralized within the DDCE.
UN: Freedom of Navigation in the Black Sea is Crucial to Global Food Security

An agreement on freedom of navigation in the Black Sea to ensure the protection of civilian vessels and port infrastructure "will be a crucial contribution to global food security and supply chains," U.N. spokesperson Stephane Dujarric said on Wednesday.The United States announced separate agreements with Ukraine and Russia on Tuesday to pause their strikes in the Black Sea and against each other's energy targets…
Baltic Index Hits Two-Week Low

The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, marked its lowest level in two weeks on Wednesday, pulled down by weaker capesize rates.* The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 8 points, or 0.5%, to 1,634 points. The index hit its lowest level since March 12.* The capesize index shed 49 points…
PEAK Wind Enters into OMA to Oversee Wind Farm Operations

Fengmiao I, a 495 MW offshore wind farm, has reached a financial close. The project is owned by Copenhagen Infrastructure Partners (CIP) through its fund Copenhagen Infrastructure V (CI V).PEAK Wind has entered into an Operations Management Agreement (OMA) to oversee the operations of Fengmiao I, ensuring its efficient and reliable performance as the project progresses. The OMA will provide operational…
Chicago Wheat Rises Amidst Black Sea Security Deal Uncertainty

Chicago wheat futures were hesitant on Wednesday after Russia said that a number of conditions must be met before a Black Sea security deal with Ukraine can be activated, further questioning the agreement's impact on exports from the region.However, prospects that the deal would pause attacks at sea and on energy targets, along with favourable weather in the Black Sea region continued to pressure prices.The…
Russian Oil Freight Rates From Baltic Ports to India Ease

Freight rates for Russian oil supplies from its Baltic ports to India are declining from recent record highs amid an increase in offers from Western shipowners after Urals crude oil prices fell below a price cap of $60 per barrel, two traders said.The Group of Seven countries, in coordination with the EU, imposed the price cap in late 2022 that blocked access to Western shipping services and insurance if Russian oil was purchased at more than $60 a barrel…
Dinnteco America Announces Electromagnetic Charge Compensation Device

Dinnteco America, leader in lightning protection technology, announced its latest solution for the marine, military, energy and transportation industries—the Electromagnetic Charge Compensation Device (DDCE).The DDCE is designed to prevent direct lightning strikes by gathering positive charges from its immediate environment, while also gathering negative charges from the clouds and air. The combined charges are then neutralized within the DDCE.
Ukraine and Russia: Accusations of Breaking Truce Agreements

Ukraine and Russia accused one another on Wednesday of flouting a truce on energy strikes brokered by the United States, and conditions set by Russia cast doubt over a planned ceasefire in the Black Sea.The United States announced separate agreements with Ukraine and Russia on Tuesday to pause their strikes in the Black Sea and against each other's energy targets, but the rhetoric from Moscow and Kyiv suggested they remained far apart.President Volodymyr Zelenskiy said the U.S.
NYCEDC Makes Additional $18 Million Investment to Upgrade Port Operations

New York City Economic Development Corporation (NYCEDC) announced the execution of three maritime infrastructure related contracts to upgrade port operations at the Brooklyn Marine Terminal. After decades of disinvestment, NYCEDC is committed to redeveloping the terminal and container port, starting with the removal of four out-of-service cranes across Piers 9A and 10, and the purchase of a new electric Ship to Shore (STS) crane to serve the Red Hook Container Terminal at Pier 10.
thyssenkrupp Marine Systems, Ulstein Collaborate on Frigates for the Royal Norwegian Navy

At the Undersea Defence Technology conference, thyssenkrupp Marine Systems and Ulstein Verft signed a Letter of Intent for joint efforts to deliver the next advanced frigates to the Royal Norwegian Navy.The 2024 Fleet Plan outlines that Norway will acquire five or six frigates to replace the Fridtjof Nansen-class frigates. Potential candidates include the British Type 26, the German F127, the American Constellation-class…
Greek Energy Ministry: Chevron Interested in Hydrocarbon Exploration off Crete

Chevron has expressed an interest in hydrocarbon exploration off the island of Crete in the Mediterranean Sea, the second such expression for Greek energy by the U.S. oil producer this year, the Greek energy ministry said on Wednesday.Greece has accepted Chevron's interest for two blocks south of Crete and will soon decide on the coordinates and on launching an international tender for the areas, which…
Russia Keen for Investors to Develop Arctic Region

Russia sees scope for international investors, including from the Global South, to help develop its Arctic region, a senior official said on Wednesday.President Vladimir Putin is keen to ramp up commerce via the Northern Sea Route through Arctic waters as Russia shifts trade towards Asia and away from Europe because of Western sanctions.Focus on the strategic importance of the Arctic for mining, shipping and international security has increased sharply because of repeated statements by U.S.
Industry Representatives Expected to Criticize U.S. Port Fees for China-built Vessels

Fossil fuel and agriculture industry representatives are expected to criticize the Trump administration's plan to impose big fees on China-linked ships entering U.S. ports during a hearing in Washington on Wednesday, arguing the move would hobble their ability to export everything from coal to soybeans.At issue are proposed fees on China-built vessels that could top $3 million per U.S. port call.The…
OPINION: Hold the Bricks, Start the Discussion on the Future of Domestic Shipbuilding

With your first steps as a cadet onto the Maritime Academy campus, your first union dues payment or first line thrown ashore from the tug, you are lectured on the importance of the “Jones Act”. A constant reminder throughout a US Seafarer’s career of commitment, loyalty and support for the legislation. All in the name of National Security, US Job protection and the advancement of the US Flag Merchant Marine. It is a massive and expensive lobbying effort witnessed throughout generations at sea.
One Year Ago Today: U.S. Maritime Industry Delivers in Wake of FSK Bridge Collapse

We are at the one-year since the Francis Scott Key (FSK) Bridge collapsed over the Patapsco River’s Fort McHenry Channel in Baltimore, Maryland. Nearly 100 percent of the wreckage and debris removal was conducted by the Jones Act private sector U.S. maritime industry. The FSK collapsed at about 1:28 a.m. local time on March 26, 2025 after the container ship MV DALI lost power and collided with one of bridge’s support piers.
Norden Lines Up Two Capesize Newbuilding Leases

Danish shipping company Norden has announced the addition of two Capesize newbuilding leases with purchase options, reinforcing the company’s commitment to building a highly efficient and modern Capesize fleetThe vessels will be built in Japan with expected deliveries in 2026 and 2027.This brings Norden’s core fleet of owned and leased Capesize vessels to 13 ships, including seven newbuildings, with…
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