Stay informed with real-time maritime industry updates
Splash247
BW Offshore has entered into a front-end engineering and design (FEED) agreement with Equinor for the Bay du Nord development, as reported by Splash247. This agreement marks a significant step forward in the project located offshore Newfoundland and Labrador.
Offshore Energy
Offshore Energy reports that BW Offshore has been awarded a front-end engineering and design (FEED) contract for a floating production, storage, and offloading (FPSO) unit by Equinor. This development is part of Equinor's $12-billion oil project off the coast of Newfoundland and Labrador, Canada.
Splash247
Diana Shipping has secured time charter contracts for two of its dry bulk vessels at higher rates, as reported by Splash247. Refined Success has hired the capesize vessel New York, built in 2010, for a gross charter rate of $27,500 per day. The deal reflects a positive trend in the market for Greek bulker owners.
gCaptain
The U.S. Treasury Department has issued guidance warning that payments to Iran or the Islamic Revolutionary Guard Corps for 'safe passage' through the Strait of Hormuz could lead to sanctions, as reported by gCaptain. This move aims to prevent financial transactions that could support Iranian activities.
Offshore Energy
Polar LNG is advancing a nearshore LNG project on Alaska’s North Slope to enhance U.S. energy security and supply LNG to Pacific allies, as reported by Offshore Energy. This initiative comes amidst global energy supply disruptions due to the Middle East crisis.
Seatrade Maritime
Seatrade Maritime reports on the latest time charter rates for dry bulk and tanker shipping as of April 29. The report provides insights into market trends affecting these sectors.
Seatrade Maritime
Mexico has initiated a significant discussion at this month's MEPC regarding the Net Zero Framework, strongly defending the regulation, as reported by Seatrade Maritime. This move highlights the country's commitment to environmental regulations in collaboration with its US free trade partner.
Offshore Energy
Honeywell has been awarded a project at a liquefied natural gas (LNG) development in Texas, partnering with Lantern LNG Holding Company, as reported by Offshore Energy. The Houston-based company focuses on building innovative nearshore LNG liquefaction facilities.
Splash247
The US Department of Transportation’s Maritime Administration (MARAD) has announced a $774 million investment in port infrastructure across the nation, as reported by Splash247. This funding, part of MARAD’s Port Infrastructure Development Program (PIDP), will support 37 projects aimed at enhancing capacity, operational efficiency, and supply chain resilience in various US ports.
gCaptain
A 29-year-old Iranian supertanker has reappeared at Kharg Island after years of inactivity, suggesting Tehran might be deploying retired vessels due to limited oil storage, as reported by gCaptain.
