SEGOVIA TIDE

The United States is watching growing cooperation between Russia and China in the Arctic closely and some of their recent military collaboration in the region sends "concerning signals", the U.S. Arctic ambassador said.Russia and China have stepped up military cooperation in the Arctic while deepening overall ties in recent years that include China supplying Moscow with dual-use goods despite Western sanctions on Russia over the war in Ukraine.Russia and the United States are among eight countries with territory in the resource-rich Arctic.

A.P. Moller-Maersk expects strong demand for shipping goods around the globe to continue in the coming months, though does not expect to resume sailing through the Suez Canal until "well into 2025".Attacks on vessels in the Red Sea by Iran-aligned Houthi militants have disrupted a shipping route vital to east-west trade, with prolonged re-routing of shipments pushing freight rates higher and causing congestion in Asian and European ports."There are no signs of de-escalation and it is not safe for our vessels or personnel to go there ... Our expectation at this point is that it will last well into 2025," Chief Executive Vincent Clerc told journalists.

Preparing for industrialization, the floating offshore wind industry is tackling its unique mooring and cabling challenges.The idea of keeping floating offshore wind platforms in place using dynamic positioning has been considered. The trouble is: it could take up to 80% of the electricity generated by the turbine to do it.So, as Maersk Supply Service said a few years back: In a field of 100 turbines with 4-5 mooring lines each, there is going to be a lot of subsea “spaghetti.” It’s not a problem unique to the industry, but large floating wind farms will face the issue at a scale beyond that of fixed wind or O&G.

Petrobras has achieved first oil with the Floating Production Storage and Offloading (FPSO) unit Marechal Duque de Caxias, one of the largest ultra-deepwater FPSOs in the world, installed at the Mero field in Santos Basin, offshore Brazil.The FPSO has the capacity to produce up to 180,000 barrels of oil per day and compress up to 12 million cubic meters of gas daily. It will increase Mero’s installed production capacity from 410,000 to 590,000 barrels of oil per day.The unit is part of Mero’s fourth production system and was chartered from MISC.

At one of the world's biggest bulk export ports in Western Australia, shippers safely completed the first transfer of ammonia from one vessel to another last month, a key test for its adoption as a marine fuel in the push for cleaner energy.The first cargo ships powered by ammonia are set to enter service in 2026, one of several alternatives the industry is tapping to shrink a carbon footprint that contributes nearly 3% of global emissions.But ammonia faces major cost and safety hurdles as a shipping fuel compared to liquefied natural gas (LNG), methanol, and biofuel.