Russia's Control of Sakhalin Project Could Pose Upside Risk to LNG Prices
Russia announced on Friday a decree that seizes full control of the Sakhalin-2 gas and oil project in the country's far east, a move that could force out Shell and Japanese investors and adds another bullish factor to prices in a tight global LNG market.The order…

Cadeler Secures $192,3M Loan to Fund New Offshore Wind Vessels
Offshore wind installation contractor Cadeler has entered into a Senior Secured Green Revolving Credit Facility (“RCF”) of a 3-year term loan of EUR 185 million (around $192,3 million). Together with the company’s cash and cash equivalents,…

Back to The Future? Cargo Giant Cargill Turns to Sails to Cut carbon
In a new take on ancient technology, Cargill, one of the world's biggest charterers of ships, is to add state-of-the art sails to a vessel early next year to test whether wind power can cut its carbon emissions, a top company executive said.With about 90% of world trade transported by sea…

Bulgarian Military Destroy Naval Mine Off Black Sea Coast
Bulgaria's military late on Thursday carried out a controlled explosion of a Soviet-era naval mine that had drifted close to the country's Black Sea coast, the defence ministry said on Friday.Black Sea countries began to report the appearance…

Van Oord Orders Two Water Injection Dredgers
Dutch dredging and marine services firm Van Oord has ordered the construction of two additional water injection vessels from Kooiman Marine Group after the successful operation of sister vessels Maas and Mersey in 2021. "The new vessels will have the same specifications…

Manor Renewable Energy Orders Two Crew Transfer Vessels from Strategic Marine
Manor Renewable Energy (MRE) ordered two aluminium catamaran-type crew transfer vessels  Strategic Marine. The vessels will support MRE’s offshore operations in the UK, Europe, and Asia.The two vessels, due to be named Manor Victor and Manor Vulcan…

U.S. to Add 6 GW of Offshore Wind Capacity Through 2029 -EIA
Power plant developers and operators plan to install more than 6 gigawatts of offshore wind capacity at sites mostly along the U.S. eastern seaboard over the next seven years, the U.S. Energy Information Administration (EIA) said in a report…

Biden Administration Offshore Drilling Plan Delayed
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…

USCG Awards Austal USA Stage 2 Offshore Patrol Cutter Contract
Mobile, Ala. shipbuilder Austal USA has been awarded a contract to build up to 11 medium-endurance Offshore Patrol Cutters (OPC) for the U.S. Coast Guard.The initial $208.26 million award supports detail design and long lead-time material for one OPC…

Obituary: Captain Brian A. McAllister Passes Away
Capt. Brian McAllister, a prominent member of the American maritime industry and a true New York area maritime industry icon, has passed away.The following was posted on the mcallistertowing.com website:"It is with heavy hearts that we announce the passing of our beloved Captain.