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US Plans 12 Offshore Wind Auctions Over Five Years
President Joe Biden's administration unveiled plans on Wednesday to hold up to a dozen auctions of offshore wind development rights through 2028, including four before the end of this year.The schedule will help companies, states and others plan for projects that require massive amounts of investment and infrastructure, the Interior Department said in a statement."Our offshore wind leasing schedule…
Subsea Vessel Market is Full Steam Ahead
Since our last market update in the subsea space about a year ago both our current market view and forecasts have strengthened significantly.While the demand picture is looking solid and arguing for a strong multi-year upcycle, the supply side has also started to wake from its slumber albeit ever so slightly at the time of writing. Moreover, we register an interesting dynamic on the shipowner side…
At Least Five People Drown Trying to Cross English Channel
At least five people, including a child, died in an attempt to cross the English Channel from France, hours after Britain passed a bill to deport asylum seekers to Rwanda to try to deter the dangerous crossings.The deaths of one child, a woman and three men occurred on an overcrowded small boat carrying around 110 people attempting to cross one of the busiest shipping lanes in the world. The French coastguard was still searching for survivors."After becoming initially stranded on the shore…
EST-Floattech to Supply Battery System for Electric Pusherboat
EST-Floattech has been selected by KOTUG International to provide its containerized energy storage solution with Octopus Series energy modules for the E-Pusher 1 (Type M), the world’s first fully electric pusherboat operated by Cargill.The vessel was built by Padmos, and EST-Floattech worked with the yard, Sea and Shore, and Gebhard Electro to realize the system. The container is ESTRIN-Certified and has a capacity of 2MWh.
Venezuela Oil Sector Hit by Loss of Its Widest US License
Venezuela's loss of a key U.S. license that allowed it to freely export and increase investment in its oil sector will hit the volume and quality of its crude and fuel sales while prompting a flurry of requests for individual U.S deal authorizations.U.S. officials had warned that absent progress by President Nicolas Maduro on implementing an electoral roadmap agreed last year, the U.S. would not renew license 44…
US Riles China with Shipbuilding Probe
The United States has launched an investigation into alleged unfair practices within China's shipbuilding and maritime industries, drawing ire from Chinese officials.The probe was launched Wednesday by U.S. Trade Representative Katherine Tai in response to a petition filed by five national labor unions accusing China of using "non-market policies that are far more aggressive and interventionist than any other country" to obtain dominance over the global shipbuilding…
Marine News' 2024 US Shipbuilding Report
If nothing else, building vessels in the U.S. is a complicated business.In a session on the domestic shipbuilding marketplace, at Marine Money’s late-November 2023 conference held in New Orleans, Ben Bordelon, president and CEO of Bollinger Shipyards (with more than a dozen facilities, in Mississippi and Louisiana), described his company’s architecture as a “three-legged stool approach: commercial newbuilds…
US to Reimpose Oil Sanctions on Venezuela
The Biden administration said it would not renew a license set to expire early on Thursday that had broadly eased Venezuela oil sanctions, moving to reimpose punitive measures in response to President Nicolas Maduro’s failure to meet his election commitments.Just hours before the deadline, the U.S. Treasury Department announced on its website that it had issued a replacement license giving companies…
SMM 2024 Exhibition Halls Already Nearly Fully Booked
The SMM 2024 trade show will run from September 3-6 this year, and organizers are expecting more visitors and exhibitors than last time; the exhibition halls are nearly fully booked.“We are expecting more than 2,000 international exhibitors from 70 nations,” says Claus Ulrich Selbach, Business Unit Director Maritime and Technology Fairs & Exhibitions at Hamburg Messe und Congress. “We are overwhelmed by the response. We are actually setting-up an additional hall to accommodate all requests.
DEME’s Orion Vessel Heads to US After Finishing Scottish Offshore Wind Job
DEME’s DP3 offshore installation vessel Orion has departed for the United States to prepare for the installation of 176 foundations on the Coastal Virginia Offshore Wind (CVOW) project, following the wrap up of works at the 882 MW Moray West offshore wind farm in Scotland.DEME’s flagship Orion vessel has completed monopile installation works on Ocean Winds’ Moray West offshore wind farm project in Scotland.Despite harsh winter conditions…
Ship Recycling Resurgence Greater Than Expected
Indian sub-continent ship recycling markets enjoyed a greater than expected degree of a post-Ramadan resurgence, reports cash buyer GMS.“Vessel prices across the various destinations seemed to have concurrently enjoyed varying degrees of an uptick this week on the back of which some eye-opening sales were seemingly concluded into the various sub-continent locations.”However, this firming is certainly surprising…
Esgian Week 15 Report: South America Remains Vital
Esgian reports on new contracts for Borr Drilling and Shelf Drilling (North Sea) jackups in its Week 15 Rig Analytics Market Roundup. Additionally, Energean has selected a drillship for its upcoming drilling campaign offshore Morocco. South America remains vital to the floating rig market, with ExxonMobil moving ahead on a sixth development on the prolific Stabroek block offshore Guyana and Petrobras…
Kongsberg Maritime Celebrates 50 Years of Ship Design
2024 marks 50 years of ship design work for Kongsberg Maritime. From setting the benchmark that set the standard for offshore supply vessels in the 1970s, to advanced anchor handlers that transformed the oil and gas industry, and a growing reference list in fishery and merchant ships, Kongsberg Maritime’s range of ship designs has continued to evolve over the past five decades.The early 1970s, at the dawn of the offshore oil and gas industry…
Austal USA Begins Building US Navy's LCU 1710 Landing Craft
Austal USA earlier this month celebrated the start of construction on the first of three LCU 1710 Landing Craft Utility vessels for the U.S. Navy at the company’s Mobile, Ala. shipyard.Austal USA, a subsidiary if the Australian shipbuilding group Austal, was awarded a US$91.5 million (A$143.4 million) contract in September 2023 that includes three LCU 1710 vessels and associated support efforts.Austal…
Ukrainian Seafarers Experiencing Increased Levels of Depression and Anxiety
Ukrainian seafarers are experiencing increased levels of loneliness and depression amid fears of conscription if they return home as the war enters its third year, seafarer charity Stella Maris warns.Stella Maris regional port chaplains for Southampton and Southern ports, Charles Stuart and Gregory Hogan, who make multiple daily ship visits report Ukrainian seafarers are under increasing strain.“The initial stresses have been replaced by something else,” Hogan says.
US Investigators Interview Ship Personnel in Maryland Bridge Collapse
U.S. National Transportation Safety Board chair Jennifer Homendy said at a Senate hearing Wednesday that investigators had conducted interviews with key cargo ship personnel in the investigation of the March 26 Baltimore bridge collapse.The Dali cargo ship crashed into the Francis Scott Key Bridge on March 26, sending it crashing into the harbor and killing six people. Work to clear the wreckage and…
Insights: Jennifer Carpenter, President & CEO, American Waterways Operators
Jennifer Carpenter joined The American Waterways Operators (AWO), the national trade association representing the inland and coastal tugboat, towboat and barge industry, in August 1990 and became its president and CEO in January 2020. She highlights some of the greatest focus areas for the 80-year-old trade group—simultaneously looking at both the present day and the road ahead.The towboat, tug and barge industry is in a period of rapid evolution.
Carnival Corporation Progresses its Sustainability Goals
Carnival Corporation has released its 14th annual sustainability report detailing how it achieved several 2030 environmental goals well in advance.The company is producing 10+% less absolute GHG emissions today than in 2011, its peak historical year, despite increasing capacity by roughly 30% since that time. Tracking toward its 2030 goal four years ahead of schedule, the company formally committed to reducing its GHG intensity by at least 20% by 2026 (versus 2019 levels…
Iran Says It Can Close Strait of Hormuz
The commander of Iran's Revolutionary Guard's navy said on Tuesday Israel's presence in the United Arab Emirates was viewed as a threat by Tehran and it could close the Strait of Hormuz if deemed necessary.Iran has threatened to retaliate for suspected Israeli airstrikes on its consulate in Syria's capital on April 1 that killed seven Revolutionary Guards officers including two senior commanders -…
Xeneta: Baltimore Bridge Collapse has not Triggered Increase in Shipping Rates
The collapse of the Francis Scott Key Bridge in Baltimore has caused supply chain disruption on the US East Coast but, so far, it has not seen an increase in ocean freight container shipping rates.Data released Monday by Xeneta reveals average spot rates from the Far East into the US North East Coast (including Baltimore) have fallen slightly (-1%) since the bridge collapse on March 26 to stand at USD 5…
