Norway's Loke Marine Minerals has acquired deep-sea mining firm UK Seabed Resources (UKSR) from Lockheed Martin, the companies said on Thursday.UKSR holds a 100% interest in two deep sea mineral licences in the Clarion-Clipperton Zone (CCZ) in the Pacific Ocean, and a 19.9% interest in the Ocean Mineral Singapore, licences issued by the International Seabed Authority (ISA).
Insurers are about to pay state-owned Bangladesh Shipping Corporation (BSC) $22.48 million for its vessel that was hit by a missile during fighting in Ukraine, two officials involved said on Tuesday.The expected settlement is one of the first shipping claims to have been paid out since Russia invaded Ukraine on Feb.
A recently completed terminal expansion project at Canada's Port of Vancouver is set to boost capacity amid projected cargo volume growth at the Canadian West Coast seaport.The Construction on the Centerm Expansion Project—delivered by the the Vancouver Fraser Port Authority in partnership with terminal operator DP World—allows Centerm to handle 60% more containers by increasing the terminal
Shell has reportedly threatened legal action against Greenpeace activists who last week boarded a heavy load carrier carrying Shell's Penguins FPSO, destined for deployment in the UK North Sea.Last Tuesday, four activists climbed aboard the Boskalis' White Marlin vessel carrying the cylindrical FPSO, in the Atlantic Ocean north of the Canary Islands, calling for Shell to "Stop Drilling.
The Jones Act is a single sentence long, and yet somehow that reservation of U.S. domestic maritime commerce to qualified U.S.-flag vessels has spawned numerous complications with respect to offshore wind energy projects. Although not supported by prior experience, maybe 2023 will bring some clarity.U.S.
Dozens of merchant ships with grains and sugar are stuck outside Iranian ports after weeks of delays as payments snags disrupt flows of goods into the country, according to trade sources and shipping data. Food is exempt from the West's sanctions on Iran over its nuclear program, but the impact of the sanctions on Iran's financial system has created complex and erratic payment arrangements with
Shell's Penguins FPSO has set sail from China loaded aboard Boskalis' White Marlin semi-submersible heavy transportation vessel.In a social media post on Thursday, Boskalis said: "Boskalis’ semi-submersible transport vessel White Marlin departed from Qingdao, China with an impressive cargo; the 34,000-ton cylinder-shaped Shell Penguins FPSO.
The Biden administration on Thursday unveiled a plan to accelerate development of next-generation floating offshore wind farms by slashing the cost of the technology by 70% and setting a goal for it to power 5 million U.S. homes by 2035.The announcement was the latest in the White House's push to bolster the nation's fledgling offshore wind industry as part of its climate-change agenda.
The Biden administration on Thursday delayed the rollout of a proposed five-year offshore oil and gas development plan that had been promised by the end of the month, according to sources.Interior Department Secretary Deb Haaland in May had vowed to unveil the draft proposal ahead of the June 30 expiration of the current plan.
The Biden administration is partnering with 11 East Coast states to accelerate the development of offshore wind facilities, including addressing supply chain issues, advancing construction and boosting jobs, the White House said on Thursday.The move is part of President Joe Biden's push into cleaner energy technologies as part of its efforts to address climate change and comes as rising prices
New federal money promises dramatic impacts throughout the United States’ inland waterways system in 2022 and beyond. This report focuses on America’s central rivers; the Western rivers will be covered in a future report. These central rivers reach 11,000 miles, from Pennsylvania to Florida and from Texas to South Dakota.Consider the money within the U.S.
President Joe Biden announced on Thursday the United States will ban Russian-affiliated ships from American ports, joining Canada and European nations, in the latest step to pressure Russia over its invasion of Ukraine.The White House will release a proclamation with more details. Reuters first reported Biden's planed action on Thursday and reported in early March the ban was under consideration