US House Aims to Slash Climate and Clean Energy Funds in Budget Proposal
U.S.
Odyssey Marine Exploration Welcomes New Executive Order for Deep Sea Mining
Odyssey Marine Exploration, Inc. is pleased to see the issuance of a new Executive Order titled Unleashing America’s Offshore Critical Minerals and Resources. In addition, the company confirms that it currently has no specific plans to issue any securities under its universal shelf registration statement on Form S-3, which has been declared effective by the Securities and Exchange Commission (SEC) and provides Odyssey with the flexibility to access the capital markets in a timely manner.
Tallink Silja Line: New Cooperation with John Nurminen Foundation Protects Baltic Sea
Tallink Grupp has entered into new cooperation agreement for 2025 with Finnish non-profit organisation John Nurminen Foundation, whose activities are aimed at protecting the Baltic Sea. In 2025, about USD $0.20 (EUR 0.20) from each Captain’s chocolate bar sold onboard company’s vessels will be donated to the foundation towards key partnership projects aimed at saving the Baltic Sea, its environment and culture. Tallink Grupp’s travel retail subsidiary, Tallink Duty Free, is in its third year of partnering with the foundation.
Wind Tech: Econowind Secures €1 Million Investment
Dutch company Econowind, based in Zeewolde, has secured €1 million in development capital from Invest International to advance and test its VentoFoil XL, a 24-30 meter high steel wind sail inspired by aviation technology. Like airplane wings, these innovative sails are designed for large vessels, harnessing wind power to reduce fuel consumption and reduce CO2 emissions by up to 15%.Econowind has been producing smaller VentoFoils for coastal shipping for several years. With the introduction of the XL model…
USDOT Pumps $660M More Into Port Infrastructure
The U.S. Department of Transportation’s Maritime Administration (MARAD) announced a Notice of Funding Opportunity (NOFO) making available more than $662 million in Federal Fiscal Year (FY) 2023 funding for MARAD’s Port Infrastructure Development Program (PIDP).The PIDP investment is intended to help modernize the nation’s ports and strengthen supply chains.“America’s ports play a central role in our supply chains,” said U.S. Transportation Secretary Pete Buttigieg. “With today’s announcement…
