Oil Prices Rise In Face of Supply Risks, Increased OPEC+ Production Expected
Oil prices rose more than 1% on Wednesday, with the U.S. barring Chevron from exporting crude from Venezuela and production shut-ins from Canada, while markets anticipated an expected production increase from OPEC+.Brent crude futures LCOc1 rose 93 cents, or 1.5%, to $65.02 a barrel by 1300 GMT, while U.S. West Texas Intermediate crude CLc1 gained $1, or 1.6%, to stand at $61.89 a barrel.The Trump…
EU Proposes Maritime Security Hub in the Black Sea
The European Union on Wednesday proposed creating a hub to boost security in the Black Sea by gathering information from multiple countries to monitor the strategically important region more closely.The move comes as European officials warn about a continued threat from Russia and as concerns deepen across the EU about risks to undersea infrastructure.The hub would be set up in the short-term and "with a sense of priority due to the Russian war of aggression," an EU document said.The hub will us
Hydrofoil Electric Boat Crosses Gibraltar Strait
In a first-of-its-kind intercontinental journey, a crew has piloted the Candela C-8 “flying” electric boat across the Strait of Gibraltar.The Candela C-8 completed the 24-nautical mile trip from Sotogrande, Spain, to the Spanish enclave of Ceuta in North Africa, in just over an hour, matching the speed of conventional fast ferries.
Chinese Bombers Seen on Disputed South China Sea Island
Satellite imagery shows China landed two of its most advanced bombers in the disputed Paracel islands in the South China Sea this month - a gesture that some analysts described as Beijing's latest signalling of its growing military capabilities to rivals.The deployment marks the first time the long-range H-6 bombers have landed on Woody Island in the Paracels since 2020, and the movement of the now upgraded aircraft comes amid tensions with the Philippines…
Shipbuilders Council of America Announces Annual Safety Awards
The Shipbuilders Council of America (SCA), the national association representing the U.S. shipbuilding, maintenance, and repair industry, announced its annual member safety awards for the 2024 calendar year. This year, 14 shipyards are receiving awards for their achievements in safety. The shipbuilding industry continues to improve on safety metrics year after year. This commitment to safety has allowed U.S.
Boat Capsizes near Canary IslandsPort - Six Dead
At least six people died when a migrant boat bound for Spain's Canary Islands capsized off the island of El Hierro as rescuers were escorting it to port, regional emergency services said on Wednesday.The open-topped boat, which according to state broadcaster TVE was laden with around 180 people, went down as it neared La Restinga harbour on El Hierro, the archipelago's smallest island.A spokesperson for the islands' maritime rescue service said a rescue vessel was escorting the boat to the harbo
St. Johns Ship Building Wins First USN Shipbuilding Contract
St. Johns Ship Building, owned by Americraft Marine, won its first U.S. Navy shipbuilding contract to construct a Dive Support Vessel (DSV). The new DSV will serve perational roles for the U.S.
BW Opal FPSO Vessel set for Work off Australia
Seatrium delivered the Floating Production Storage and Offloading vessel (FPSO), BW Opal, to BW Offshore."We would like to express our appreciation to BW Offshore for entrusting Seatrium with their projects over the years," said Marlin Khiew, EVP, Energy (Americas), Seatrium. "The successful completion and delivery of BW Opal marks our 18th FPSO for BW Offshore."Seatrium’s scope of work included installation and integration works of topside modules…
ULA 'SpaceShip' Vessel Gets Propulsion Package
Schottel will equip a new RoRo cargo vessel for U.S.-based United Launch Alliance (ULA) being built by Bollinger Shipyards in Amelia, Louisiana. The vessel, to be named SpaceShip, will transport Vulcan rockets from the factory in Decatur, Alabama, to the launch sites at Cape Canaveral Space Force Station in Florida and Vandenberg Space Force Base in California. It will be equipped with three Schottel RudderPropellers SRP 460 LE and two Schottel TransverseThrusters STT 1.
China (again) Flexes Naval Muscle
China has flexed its muscles this month by sending an unusually large number of naval and coast guard vessels through a swathe of East Asian waters, according to security documents and officials, in moves that have unnerved regional capitals.Since early May, China deployed fleets larger than usual, including navy, coast guard and other ships near Taiwan, the southern Japanese islands and the East and South China Seas…
First Battery-Electric Ferries in U.S. Selects its Propulsion Package
Wärtsilä will supply the electric propulsion system for three fully battery-electric, high-speed ferries that will operate in the San Francisco Bay area, the first full-electric high-speed ferries to operate and be built in the USA. The order with Wärtsilä has been placed by the shipyard All American Marine (AAM), on behalf of San Francisco Bay Ferry, California’s largest public ferry operator. The…
Steerprop Launches Largest Retractable Thruster
Finland's Steerprop expanded its range of retractable thrusters with its biggest unit to date. Designed for offshore vessels and workboats that need high-performance station-keeping or thrust boost capabilities, the SP 45 R will be introduced on several offshore, renewables and special purpose vessels.Working with vessel operators and designers, Steerprop identified that the sealing and locking mechanisms are often a weak point for retractable designs.
Woodside to run North West Shelf LNG Plant to 2070
Australia conditionally approved on Wednesday a request by Woodside Energy to extend until 2070 the life of its North West Shelf gas plant, following a six-year review dogged by delays, appeals and backlash from green groups.The facility on the Burrup peninsula in Western Australia is the country's oldest and largest liquefied natural gas plant and a key supplier to Asian markets, but concerns that its emissions could imperil ancient rock art held up a decision.In a statement…
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