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…
MPCC Sells Five Container Ships as Part of Fleet Optimization Effort
MPC Container Ships (MPCC) has entered into an agreement to sell five vessels en bloc, involving three 1,300 TEU vessels and two 2,000 TEU vessels.Separately, two vessels were recently sold to an undisclosed buyer. The average age of the seven sold vessels is 17 years.The five vessels will be sold with the existing charters attached, which will reduce the revenue backlog by approximately $40 million…
Cadeler Welcomes Wind Pace WTIV Newbuild to its Fleet
Danish offshore wind installation firm Cadeler has taken delivery of its latest jack-up wind turbine installation vessel (WTIV), Wind Pace, marking another significant milestone in the company’s ongoing fleet expansion.Delivered safely, on time, and within budget, Wind Pace has become the seventh vessel in Cadeler’s growing portfolio of wind turbine installation vessels.Wind Pace was officially named at a ceremony on the March 12…
South Korea puts Eyes on China in Disputed Yellow Sea
South Korea has deployed a large stationary floating platform in a disputed section of the Yellow Sea, escalating tensions with China over a contested maritime zone where both countries' exclusive economic zones (EEZs) overlap. The move, described by Seoul as a "reciprocal measure," comes in response to a growing Chinese presence in the area, which includes numerous offshore structures that China claims…
UK Charts Course for Carbon Free Shipping
The UK Maritime Minister Mike Kane has revealed the government’s new goals for all vessels that operate in UK waters and dock at UK ports to be carbon free.Part of the government’s Plan for Change, the new Maritime decarbonization strategy sets out goals to reduce greenhouse gas emissions by 30% by 2030, 80% by 2040 and to zero by 2050.This will see the UK match the highest level of the ambitious goals agreed at the IMO in its 2023 strategy on reduction of greenhouse gas emission from ships.
