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U.S. Offshore Wind Forecast: 45 Projects, $136B CapEx
As of the end of January 2022, there were over 45 projects in development representing a $136 billion capital expenditure and $4.4 billion annual OPEX opportunity that are forecast to be brought on stream within this and early in the next decade.What a difference a year makes. This time last year there was still some uncertainty around the federal offshore wind permitting process, the timing of offshore…
Passenger Vessels Steering a Course Through Testing Waters
The head of global trade association Interferry reflects on the unprecedented challenges of 2020 and those ahead—but makes a case for cautious optimism.What a difference a year makes…In this column last January, I was hailing the worldwide ferry industry’s exceptional growth in 2019—marked by soaring tourist traffic and a host of newbuild orders—and eagerly anticipating further advances in 2020. None of us could have known that within a matter of weeks…
Oil and Trump: Russians Full of Optimism in Davos
What a difference a year makes. Twelve months ago, the mood of the Russian delegation at the World Economic Forum in Davos was distinctly gloomy, with oil prices…
What a Difference a Year Makes
Channel and water management will become increasingly important for freshwater supplies and trade in the years to come. The work and our vigilance must continue. The present conditions on the Lower Mississippi River find the deep-draft channel from Baton Rouge to the Gulf of Mexico in good shape with no channel deficiencies or related transit restrictions. On the other hand, the Middle Mississippi from St.
Tanker Market in the Doldrums
The global tanker market is depressed, it appears that there is little hope that it will recover for at least two years, according to a panel of expert speaking…
News: “Happy” New Year?
Little more than 12 months ago newbuilding prices had been drifting down steadily for more than a year and some industry analysts were warning that soft ship prices could be here for some time.