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Danish offshore wind installation firm Cadeler has signed contracts with Equinor and Polenergia for the installation of turbines at 1440 MW Bałtyk 2 and Bałtyk 3 offshore wind farms in the Polish Baltic Sea.The total potential value of these contracts to Cadeler is expected to be in the range of $134-162 million (€120-144 million), with operations scheduled to begin in 2027.Bałtyk 2 and Bałtyk 3 offshore wind farms, both being joint venture projects owned 50% by Equinor and 50% by Polenergia, will be located in the Baltic Sea, approximately 22 km and 37 km, respectively, from the port of Łeba, Poland.The projects will involve the installation of a total of 100 offshore wind turbines.

A new analysis from Windward reports a 20% decrease in the volume of direct oil voyages out of Russia in Q3 2024 compared to Q2.Q3 2024 marked the lowest monthly average of direct voyages from Russia to China since March 2023. When compared to Q2 2024 averages, there is a decrease of 12% in such voyages.This is the first total volume decrease since the beginning of the war between Russia and Ukraine and is likely related to the slight decrease in port calls in Russia this quarter.However, Windward has detected new ship-to-ship (STS) transfer hubs for vessels that have made a port call in Russia.

Philly Shipyard on Monday held a steel-cutting ceremony to signal the start of construction on the first of three new Aloha Class liquefied natural gas (LNG)-fueled containerships to be built for U.S. ocean carrier Matson. Matson placed the $1 billion three-ship order with Philly Shipyard in 2022 following the deliveries of Aloha-class vessels Daniel K. Inouye and Kamina Hila from the same yard in 2018 and 2019 respectively. The shipyard also delivered four containerships to Matson between 2003 and 2006.

Cruise passengers are to set sail from Belfast on Monday on a three-and-a-half-year world voyage after being stranded in the city for months as the ship underwent unexpected repair works. Some plan to make it their forever home.Passengers of the Villa Vie Residences' Odyssey, described as the world's first continual cruise, can either buy their cabins for the entire operational life of the ship or rent them to travel segments of the journey.The ship, with capacity for 650 passengers, was originally due to depart from the Northern Irish capital in May but was held up for repairs due to issues with its rudders and gearbox.

At least four people have been reported dead following the sinking of an oil barge operated by a contractor of Venezuela's state-run energy company PDVSA at the country's Lake Maracaibo, according to a report of the accident on Thursday and sources.Another 19 people had been successfully rescued by Thursday morning at the accident site, the report added.Incidents involving barges that carry Venezuelan oil and fuel between domestic ports and to the Caribbean have become frequent. A large fuel oil spill near Tobago from a capsized barge navigating from Venezuela hit several Caribbean nations in March.PDVSA did not immediately reply to a request for comment.