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Bull and Bear Cases for LNG Shipping Rates as Downturn Continues

Bull and Bear Cases for LNG Shipping Rates as Downturn Continues

The LNG carrier charter market is undergoing a correction, with rates falling sharply from the highs seen during the early stages of the Middle East conflict. As of 16 August, Atlantic spot rates stood at around 40,000 d…

Thu Aug 20 20267 min
NEC to Build World-Leading Underwater Acoustic Foundation Model

NEC to Build World-Leading Underwater Acoustic Foundation Model

Japan's NEC Corporation has been awarded a contract to research underwater acoustic foundation models using self-supervised learning, with dual-use applications in mind. Conducted for Japan's Agency for Defense Equipment…

Thu Aug 20 20268 min
US Proposes Seabed Mining Auction Off Northern Mariana Islands

US Proposes Seabed Mining Auction Off Northern Mariana Islands

The US Interior Department has proposed a sale of deep-sea mining leases in waters surrounding the Northern Mariana Islands, advancing efforts to expand domestic critical mineral supplies. The proposed auction covers abo…

Thu Aug 20 20266 min
Okeanos Explorer to Survey American Samoa Deep Sea for Critical Minerals

Okeanos Explorer to Survey American Samoa Deep Sea for Critical Minerals

NOAA Ocean Exploration will conduct two expeditions around American Samoa this summer and fall to map and characterise the deep seafloor in the nation's highest-priority region for offshore critical mineral exploration.…

Tue Aug 18 20268 min
Kongsberg Maritime to Supply Integrated Mooring and Deck Systems for Asian FPSO

Kongsberg Maritime to Supply Integrated Mooring and Deck Systems for Asian FPSO

Kongsberg Maritime has secured a substantial contract to deliver advanced deck machinery for a new floating production, storage and offloading vessel serving an offshore development in Asia. The fully integrated solution…

Tue Aug 18 20267 min
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