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Advanced Battery Technologies Can Support Integration of Alternative Fuels [By: ABS] The latest advances in battery technologies have the potential to not only support direct electrification and the integration of alternative fuels but also offer pathways to enhance operational efficiency and reduce fuel costs according to the latest industry-leading analysis from ABS. Emerging Battery Technologies…

Gibdock Becomes Major Focus for Offshore Support Vessel Work [By: Gibdock] Gibdock has completed a series of high-profile offshore support vessel (OSV) projects in recent months to consolidate its reputation for delivering exceptional and timely service to the offshore industry. In a significant and growing market for Gibdock, the Gibraltar-based ship repair yard has established…

ABB and Wallenius Marine Establish OVERSEA™ Joint Venture [By: ABB] ABB and shipping company Wallenius Marine have formally established a new joint venture based in Stockholm, Sweden, to expand their OVERSEA™ collaboration and ensure customers will fully benefit from future-proof vessel performance management capabilities.  Launched in September 2022 as a collaboration between ABB and Wallenius Marine, OVERSEA™…

U.S. Military Eliminates 11 Drug Smuggling Suspects off Venezuela   For the first time in years, the U.S. military has destroyed a suspected drug smuggling vessel and neutralized its crew, without conducting a law enforcement boarding. On Tuesday, the White House announced the elimination of 11 suspects who were allegedly transporting narcotics off the coast…

Everllence Breaks Ground on New Danish HQ [By: Everllence] Everllence has held a groundbreaking ceremony in Roskilde, Denmark to mark the commencement of the building phase of its new Danish headquarters. Called ‘The Valley’, the development is a joint venture between Everllence and Volkswagen Immobilien, the Volkswagen Group’s real-estate division. The company states that its…

Panama and Classification Societies Review Regulations to Align Strategies [By Panama Ship Registry]   The Panama Maritime Authority (PMA), through the Directorate General of Merchant Marine (DGMM), held a roundtable with the International Association of Recognized Organizations (IARO) to review, update, and align Panama’s Ship Registry regulations with the demands of the global market. The…

Investment Firm Carlyle Buys Altera Infrastructure Group’s FPSO Business Global investment firm Carlyle is jumping into the offshore energy sector reporting it has agreed to acquire the FPSO (Floating Production, Storage and Offloading) business from Altera Infrastructure Group, a leading offshore energy infrastructure company owned by Brookfield Asset Management’s private equity business. The investment group…

Coast Guard Awards Contract to Begin Overhaul at Base Seattle   The U.S. Coast Guard has awarded a contract to start modernization works to prepare for homeporting its future Polar Security Cutters in Seattle. Whiting-Turner Contracting won an award worth about $140 million for the first phase of the project, to include construction of two…

JAXPORT Welcomes New Cargo Sales Director Serving Latin America [By: JAXPORT] Juan Pablo Acosta Magaña joins JAXPORT’s Commercial team as the Director of Cargo Sales for Latin America. In this newly created position, he is responsible for strengthening commercial ties between Jacksonville and containerized cargo customers in South America, Central America, Mexico, and the Caribbean.…

Trump Administration to Target SouthCoast Wind in War on Wind Power   It was revealed in a court filing on Friday, August 29, that the Trump administration, through the Department of the Interior, plans to reconsider permits issued last year to the SouthCoast offshore wind project. It comes as the administration has sought to make…