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Floater specialist BW Offshore has signed a front-end engineering and design (FEED) agreement with Norwegian major Equinor for the Bay du Nord development offshore Newfoundland and Labrador. The FEED agreement formalises the next phase of the project following BW Offshore’s selection as preferred FPSO bidder and represents continued progress towards a potential final investme...

Greek bulker owner Diana Shipping has entered into time charter contracts for two of its dry bulk vessels with Refined Success and Oldendorff. Refined Success hired the 2010-built, 177,773 dwt capesize New York. The gross charter rate is $27,500 per day, minus a 5% commission paid to third parties, for a period of at least February …

German utility RWE has signed two major power purchase agreements (PPAs) to supply renewable electricity from its Gwynt y Môr offshore wind farm to Breedon Group and Network Rail. Breedon Group will receive around 70GWh of renewable electricity per year under a 15‑year PPA with RWE, sourced initially from the Gwynt y Môr offshore wind …

The US Department of Transportation’s Maritime Administration (MARAD) has announced a $774m investment into US port infrastructure. A total of 37 projects will receive funding under MARAD’s Port Infrastructure Development Program (PIDP). The awards are intended to improve capacity expansion, operational efficiency, and supply chain resilience in coastal seaports, Great Lakes ...

The New Zealand Defence Force (NZDF) has concluded a series of maritime patrols monitoring North Korea’s evasion of United Nations Security Council (UNSC) sanctions in the international waters of the Yellow Sea and East China Sea. Patrols conducted by the Royal New Zealand Air Force observed a possible ship-to-ship transfer of illicit goods, reported 35 …